Guangzhou Development Group IncPrice cap increase from previous level to 4.41 yuan/cubic meter allows higher revenue for Guangzhou Gas, a wholly-owned subsidiary of Guangzhou Development.

Guangzhou Development’s wholly-owned subsidiary Guangzhou Gas Group received a notice from the Guangzhou Municipal Development and Reform Commission. Starting July 20, 2026, the maximum sales price cap for non-residential piped gas in Guangzhou will be adjusted to 4.41 yuan per cubic meter, with no upward adjustment allowed and no limit on downward adjustment. The implementation period runs until January 19, 2027. This adjustment is based on the linkage mechanism between gas source prices and sales prices, aiming to balance supply and demand and promote the healthy development of the gas business.
Guangzhou Development Group IncPrice cap increase from previous level to 4.41 yuan/cubic meter allows higher revenue for Guangzhou Gas, a wholly-owned subsidiary of Guangzhou Development.
Price cap increase to 4.41 yuan/cubic meter directly benefits Guangzhou Gas Group by allowing higher sales prices for non-residential piped gas.