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.
https://www.washingtonpost.com/enterprise/power/chinas-energy-crisis-may-be-the-birth-pangs-of-a-better-grid/2021/09/29/c98ad05c-2179-11ec-a8d9-0827a2a4b915_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | China’s Vitality Disaster Could Be the Delivery Pangs of a Higher Grid