10-03-2021, 12:29 PM
S.China's Guangdong to hike electricity prices for industrial users amid power shortage
![[Image: 5b33ab16-7be2-4090-a4cc-7da37e2161ad.jpeg]](https://www.globaltimes.cn/Portals/0/attachment/2021/2021-09-30/5b33ab16-7be2-4090-a4cc-7da37e2161ad.jpeg)
South China's manufacturing powerhouse Guangdong Province said it will widen the peak-to-valley price difference and hike peak electricity prices by 25 percent for industrial users, as multiple industry associations voiced concerns over a power shortage that threatens to weigh down industrial production in the coming months.
Guangdong Provincial Development and Reform Commission said the peak-to-valley price difference will be widened to 1.7 from a 1.65 multiplier/ratio for the peak price and to 0.38 from a 0.5 multiplier/ratio for the valley price starting from Friday.
China South Grid said the hike in peak electricity prices is for industrial users and will not apply to residential power use, according to media reports on Thursday.
Guangdong Provincial Development and Reform Commission said the peak-to-valley price difference will be widened to 1.7 from a 1.65 multiplier/ratio for the peak price and to 0.38 from a 0.5 multiplier/ratio for the valley price starting from Friday.
China South Grid said the hike in peak electricity prices is for industrial users and will not apply to residential power use, according to media reports on Thursday.
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