SHANGHAI Dec 23 China will impose tiered power
pricing on all aluminium smelters starting from January to help
eliminate inefficient plants and tackle severe overcapacity in
the sector, the National Development and Reform Commission
(NDRC) said on Monday.
Power prices will remain unchanged for smelters that do not
use more than 13,700 kilowatts for each tonne of aluminium
produced, while those that use between 13,700-13,800 kilowatts
will be charged an additional 0.02 yuan per kilowatt.
Smelters that consume more than 13,800 kilowatts of power
for each tonne of aluminium produced will be charged an
additional 0.08 yuan per kilowatt, the NDRC said in a statement.
($1 = 6.0713 Chinese yuan)
(Reporting by Fayen Wong; Editing by Jacqueline Wong)