Jiangsu suspends peak-valley price in chemical industry

From August 10 to October 31, Jiangsu Province suspended the peak-valley price policy for electricity, building materials, and metallurgical industries, and implemented a unified electricity pricing policy.
While implementing the new electricity price policy, Jiangsu Province will also strictly implement the state-separated tariff policy, and impose a punitive tariff on energy-using units whose unit product energy consumption exceeds the limit: high energy consumption for electricity consumption exceeding 1 time of the quota. Enterprises, an increase of 0.1 yuan per kilowatt-hour; enterprises more than 1 times the fixed amount, plus punitive price of 0.3 yuan per kilowatt-hour.
In order to curb the momentum of growth in energy use and vigorously promote industrial upgrading and transformation, the province has joined forces to implement measures to ensure power supply and reduce consumption. The hi-tech enterprises' peak and valley price concessions continue to be implemented, and they can still enjoy a peak-to-peak price difference of 0.4 yuan per kilowatt-hour.
It is reported that after the implementation of this policy, the Jiangsu Economic and Credit Commission will also coordinate with related departments to track and monitor the changes in the electricity load of various localities and related companies, and increase the overall energy consumption, energy consumption, and high energy-consumption product output. Follow-up monitoring of other situations will publish relevant data on a monthly basis. For areas where energy consumption and high energy-consuming industries have grown too fast, efforts have been made to increase energy supply and control and continue to promote the rapid and healthy development of advanced manufacturing industries through the use of power control in the “two high and one low” industries. At the same time, the province encourages energy-using agencies to actively regulate and let power to the people. For high-energy-consuming industries, combined with the peak summer of electricity, organizations are organized to implement production stoppages, limited production, equipment overhauls, and technological transformations.

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