Zheng Yueming Representative: Calls for lowering industrial electricity prices to reduce burdens on businesses

China Economic Net Beijing, March 9 (Reporter Li Yuehua, Ma Changyan) — Regarding how to further reduce the burden on enterprises and promote the recovery and growth of the industrial economy, Zheng Yueming, a deputy to the National People’s Congress and Chairman of Lianhong New Materials Technology Co., Ltd., called for lowering electricity prices for large industries to genuinely ease their burdens.

Data shows that by the end of 2025, the country’s total installed power generation capacity will reach 3.89 billion kilowatts, with total societal electricity consumption surpassing 10 trillion kWh. The cost of renewable energy generation has been decreasing year by year, and the capacity for power supply continues to strengthen.

Zheng Yueming said that with the development of the new energy industry and technological progress, the proportion of renewable energy installed capacity is increasing annually, power infrastructure is becoming more complete, supply capacity is significantly improving, and generation costs are continuously declining.

“The fundamental goal of energy construction and power development is to ensure that all types of operating entities enjoy safer, more abundant, more convenient, and lower-cost electricity services,” Zheng said. “If electricity prices for large industries do not decrease, the cost benefits brought by the development of the new energy industry, technological advances, and falling coal prices cannot be passed on to industrial enterprises.”

Zheng believes that reducing electricity costs for large industries is not only a practical need to ease corporate burdens and stimulate market vitality but also an important measure to promote the recovery and good development of the industrial economy and support high-quality development of the real economy. He called for coordinated efforts in power supply and enterprise burden reduction, further optimizing the cost-sharing structure of the power system and electricity pricing policies, lowering industrial electricity prices, and genuinely passing the benefits of power development to industrial enterprises.

[Source: China Economic Net]