Hubei squeezes distributors to cut end-user gas bills

By Li Xin 15 March 2017
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Sinopec’s Lichuan gas processing plant in Hubei province. The region hopes to lower gas bills for end-users. (Interfax) Sinopec’s Lichuan gas processing plant in Hubei province. The region hopes to lower gas bills for end-users. (Interfax)

Authorities in the Chinese province of Hubei have proposed capping the net return on investments in city gas distribution at 6% to lower gas bills for end-users, at the expense of city gas distributors.

Hubei will allow a net return of 8% on investments in pipelines that use at least 75% of their capacity, according to trial regulations released by the Hubei provincial price bureau after a public consultation period for a draft version ended last month.

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