Inner Mongolia to Implement Aluminum Price-Based Power Tariffs for New Aluminum Projects, SMM Says

Published: Aug 3, 2016 10:07

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The government of Inner Mongolia has decided to implement new power tariff pricing mechanism for new aluminum projects, which is based on aluminum prices in Shanghai spot market, SMM learned.

SHANGHAI, Aug. 3 (SMM) –The government of Inner Mongolia has decided to implement new power tariff pricing mechanism for new aluminum projects, which is based on aluminum prices in Shanghai spot market, SMM learned.

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Under the mechanism, power plant sells power to power grid company at 0.15 yuan/kwh when aluminum prices in Shanghai spot market are 11,500 yuan/tonne. Power grid company charges aluminum smelter 0.1 yuan/kwh fees. That is to say, aluminum smelter needs to pay 0.25 yuan/kwh power tariffs. Power prices sold by power plant, fees charged by power grid company and power tariffs paid by aluminum smelter will be hiked by a certain percentage when aluminum prices rise.

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Inner Mongolia aluminum prices power tariffs

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