BLS & Co. and Tractus Asia, our partner in Asia, have just completed the first “apples to apples” analysis of industry electric costs in the U.S. versus China. We found that median electricity prices for industrial loads in the U.S. tend to be 34-49% lower than Chinese prices, with point-to-point comparisons varying between a 15% and 70% savings in the U.S.
Why? China’s electricity prices rose much faster than those in the U.S. over the last ten years, growing 17.5% vs. 11.9% in the U.S. Looking forward, this gap is not expected to diminish in the short term, as China is still recovering the costs of having invested so heavily and quickly in infrastructure in recent years.
To compile this information, BLS & Co. worked directly with U.S. utilities and Tractus Asia consulted with authorities from China’s State Grid Corporation.
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