SDIC Huajing Power Holdings Co. Ltd. (600886.CN) has cut on-grid thermal power prices by between 1 fen and 2.5 fen per kilowatt-hour effective Sept. 25, it said in a regulatory filing Thursday. Meanwhile, Jiangxi Ganneng Co. Ltd. (000899.CN) said it will cut its prices by 1 fen, Shanghai Securities News reported. The moves are in response to the central government’s new power pricing policy aimed at promoting renewable energy. That means thermal power firms will pay for development of new energy and environmental protection, forcing coal producers to lower their prices, some industry insiders were quoted as saying.
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