What Is Behind China’s Power Crunch?

BEIJING—China is in the grip of a power crunch as coal supply shortages combined with strong power demand from manufacturers, industry, and households push coal prices to record highs and trigger widespread curbs on usage. China’s heavily controlled power pricing system prevents its generators from passing on their soaring coal costs to consumers, leaving them with no choice but to suffer losses or reduce output. How Long Has There Been a Power Supply Problem in China? China has often struggled to balance supply and demand, with central planners often underestimating demand growth, leaving many provinces at risk of power cuts during the summer and winter peak consumption seasons. This year, a perfect storm of factors—including some coal supply disruptions and surging demand from industries and households—have caused power shortages throughout the country. However, the country’s rigid pricing system is seen as the major culprit. Why Is China’s Pricing System Being …

Leave a Reply

Your email address will not be published.

Next Post

Congress Passes Bill to Avert Shutdown in Bipartisan VoteUS News | The Epoch Times

Thu Sep 30 , 2021
Senate Republicans joined with Democrats on Sept. 30 to pass stopgap legislation to fund the government through December, averting a government shutdown set to begin in the early hours of Oct. 1. The House later aligned with the Senate, voting 254–175 to avert a government shutdown. However, the measure fails […]

Chief Editor

Johny Watshon

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur

Quick Links

Newsletter Signup

Sign up now and never miss a thing!

You're Signed Up!

Now that you are signed up, we will send you exclusive offers periodically.