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Reports indicate that the Chinese government is planning to raise electricity prices by nearly 24%, starting from July 2026, to enable energy companies to offset the rising production costs after electricity prices recently surged by 89%. This decision comes as part of Beijing's efforts to balance the market and stabilize the energy sector, following the global increases in fuel and energy prices throughout 2023, which led to higher production costs and placed significant pressure on both companies and consumers. It is expected that this new increase will impact various economic sectors, while electricity prices are anticipated to remain stable until 2029.
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