Fidelity bank banner Camano banner
China cuts commercial, industrial electricity prices for 2nd time since April 1

By News Express on 16/05/2018

Views: 513


China’s state planning agency said on Wednesday it cut electricity prices for commercial and industrial use by a total of 21.6 billion yuan (3.39 billion dollars) from May 1.

This is the second such cut within a month.

The National Development and Reform Commission lowered power prices for commercial and industrial consumers from April 1 by an average of 10 percent.

This was a move to lower companies’ costs as Beijing aims to make the nation’s energy market more efficient. ($1 = 6.3699 Chinese yuan renminbi. (Reuters/NAN)

Source News Express

Posted 16/05/2018 7:22:55 PM





You may also like...
Widespread lynching of ‘witches’ in Papua New Guinea...

Militants blow up oil pipeline

Dogara mourns as Rep slumps, dies

2019: Why I chose Peter Obi as running...

The SUPREME hits newsstands tomorrow

Onu urges Nigerians in Diaspora to return, use...

Attack on Kwankwaso's convoy: Police arrest APC Rep...

Nigerian electricity firms seek FG guarantee of bank...

Man butchers friend for being a bad Muslim...


Obanikoro condemns forced closure of Lagos market for...

3 pensioners collapse during verification exercise


Latest News Election Tribunal: The hurdles before Atiku — Lawyers North-East, North-Central battle for senate presidency Lagos Govt defends racist Chinese restaurant Fireworks in Fayose’s trial as judge, EFCC’s lawyer clash Ex-football star arrested for drug trafficking NDLEA uncovers another drug factory in Enugu INEC setting dangerous, evil precedence with inconclusive polls — Dogara NDDC steps up partnership with EU on sustainable water projects Imo workers reject Okorocha’s electronic payment Three dead as robbers, police clash in Lagos Court orders arrest of Bayelsa politician, two others over abduction of DCP Okunola 2019 elections, a rape of democracy, says Labour


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (460,716 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,314 views) Shameless Genevieve Nnaji exposes breasts in public (346,237 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,143 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,463 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,409 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,513 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,226 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,546 views) 10 cars more expensive than Jets (177,066 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,862 views) Lagos plane crash: Journalist releases victims’ names (175,716 views)


NLNG call for entries

CBN banner


Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,094) Business Verdict (60) Columnists (1,007) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (596) Features (725) Global Business Monitor (327) ICT Monitor (23) International (3,200) Interview (174) Live Commentary (28) Love Matters (153) Maggie's Blog (189) News (44,078) Opinion (1,204) Pidgin (17) Politics (10,287) Religion (960) Sports (1,925) Stock Watch (39) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera