On Thursday, State Planner of China updated that, the country will be allowing raise in electricity rates up to 20 % more in the peak demand hours, from the ongoing peak rates. No confirmation regarding its implementation is given yet.
The increase in rates for electricity is because, China is focusing on opting green and low carbon energy development.
Nuclear, wind, hydro, and solar power are the example of low carbon energy. These are generated by using low amount of carbon emission, as these technologies are environment friendly and economic.