China’s Energy Crisis May Be the Birth Pangs of a Better Grid

Nonetheless, the truth that an power disaster is occurring in China in any respect is, in its approach, a constructive signal. Previously, the primary intuition of presidency can be to bail out the state-owned mills who’re shedding cash on 1,377 yuan ($213) a ton coal and preserve costs to industrial customers artificially low, in line with David Fishman, a supervisor with Lantau Group, a Hong Kong-based power consultancy. With the travails of China Evergrande Group indicating that Beijing is popping off the cash faucet, that tendency is receding.