Comment by mike_hearn
17 hours ago
China generates a lot of electricity but from what I understand prices aren't that much different to in the USA because of grid constraints.
17 hours ago
China generates a lot of electricity but from what I understand prices aren't that much different to in the USA because of grid constraints.
I'm not sure how much you pay in USA. But I live in Beijing, where the residential electricity price is about 0.5 RMB per kWh, roughly 0.0749 USD.
China's electricity pricing involves cross-subsidies. Residential and agricultural users pay the lowest rates, which are generally below the cost of supply. Commercial and industrial users pay more and contribute the most of grid revenue.
Prices vary by region: commercial electricity can approach 1 RMB (0.15USD) in Beijing, but the national average is about 0.67 RMB (0.1USD), while industrial electricity averages around 0.63 RMB nationally.
And that half a RMB doesn't include extra fees or delivery rates vs supply rates, correct? It's the all in rate?
I'm not quite sure what you mean by "extra fees or delivery rates," but this is the total amount I pay for electricity, no additional charges.
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At similar prices and 1/4th or whatever the average salary, meaning the average person has to use a lot less energy, or spend a larger % of their budget on it