BEIJING -- As power shortages plague China, provincial governments are beginning to approve rate hikes for electricity, mostly centering on supplies to factories, a move that is likely to raise production costs.
Higher production costs expected as electricity crunch continues
Most of China's listed thermal power companies have seen earnings deteriorate under higher coal prices. © Reuters
BEIJING -- As power shortages plague China, provincial governments are beginning to approve rate hikes for electricity, mostly centering on supplies to factories, a move that is likely to raise production costs.