Supply shortages have driven up coal prices in China and some electricity suppliers in Beijing are incurring dangerous losses. Photo: Reuters
China coal-fired power companies on the verge of bankruptcy petition Beijing to raise electricity prices
- The Beijing Electric Power Industry Association has asked authorities for permission to raise electricity rates as coal prices skyrocket
- Petition follows a letter last month from 11 coal-fired power companies within the Beijing-Tianjin-Tangshan power grid asking for relief
Supply shortages have driven up coal prices in China and some electricity suppliers in Beijing are incurring dangerous losses. Photo: Reuters