Wall Street Journal - Eastern Edition. 8/26/2008, Vol. 252 Issue 48, pB3. 0p. 1 Black and White Photograph.
Prices and Electricity
The article reports on the decision of France to allow Electricité de France (EDF) to raise the tariffs it charges to industrial and commercial power users. EDF sells electricity to business in France at below market rate that was set by the French government. The European Commission has been pressuring the French government to give the system of setting prices which are below market rates.
Price increases, Prices, Energy industries, Electricity, and Coal
The article reports that China increased electricity prices for the second time in two months, highlighting its problems in supplying its booming economy with energy in 2008. The National Development and Reform Commission announced a price increase of 0.02 yuan per kilowatt-hour or about 5%. Retail prices remained unchanged to protect consumers and business from higher costs but the rise affects grid operators in the middle. In July 2008, electricity prices were already raised by 4.7%, which was not enough to cover costs for coal to generate electricity.