Chinese power producers seen taking a hit from surging coal prices to meet winter demand with no sign of tariff hike

//Chinese power producers seen taking a hit from surging coal prices to meet winter demand with no sign of tariff hike

Chinese power producers seen taking a hit from surging coal prices to meet winter demand with no sign of tariff hike

China’s efforts to conserve energy for the winter season and control emissions are hurting manufacturers as much as the nation’s power-generating companies amid surging coal prices. A tariff hike may be needed to ease the pain.Shrinking stockpiles, near-record coal prices and rigid power tariffs are likely to erode the profitability of electricity producers when plants are expected to ramp up supply to meet demand during the winter. So far, many local companies have warned of losses as many…

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By | 2021-09-29T07:01:09+00:00 September 29th, 2021|Business|Comments Off on Chinese power producers seen taking a hit from surging coal prices to meet winter demand with no sign of tariff hike