Guangdong turns to oil to meet power shortages

摘要

Southern China’s economic powerhouse Guangdong hasnimplemented a temporary hike in electricity tariffs paidnto oil-fired power producers in the province to encouragenthe group to lift production amid a worsening powernshortage caused by recent snow storms. In a directivenissued to local governments, Guangdong Power Grid andnthe province’s largest state-owned electricity suppliernGuangdong Yudean Group, the Guangdong ProvincialnPricing Bureau said the electricity rate for all oil-firednpower plants in Guangdong had been raised to Yuann1/KWh (14 cents/KWh). The electricity rate for oilpoweredngenerators that have been reconfigured to feednon coal slurry or natural gas has been increased to Yuann0.9/kWh (12.6 cents/kWh).