On June 19, the people's Government of Tuyou Banner in Baotou City issued a circular on the unified regulation of electricity price support policies for electrolytic aluminum enterprises in Mengxi area in Inner Mongolia. The details of the notification are as follows:
According to the electricity price support policy issued by the state to some electrolytic aluminum production enterprises in the country, in order to further strengthen the electricity price "depression" effect in our region and enhance the competitiveness of the electrolytic aluminum industry, with the consent of the people's government of the autonomous region, It is decided to unify and standardize the electricity price support policy for electrolytic aluminum enterprises in Mengxi area, and convert the basic electricity price of all electrolytic aluminum enterprises in Mengxi area in accordance with the national industrial policy into the electricity price, that is, at 3.39 minutes per kilowatt-hour. The funds needed for electricity price support will be dredged in the future electricity price adjustment, or solved as a whole in the next transmission and distribution electricity price supervision cycle.
This circular shall enter into force as of 1 June 2018.