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China’s power crisis: why is it happening, how bad is it, and what if it continues into the freezing winter months?

Summary:
[unable to retrieve full-text content]Why is China in the midst of a critical power crunch?China experiences power shortages from time to time, and these are often the result of a conflict between market-oriented coal prices and government-controlled electricity rates.On January 1, 2020, the central government implemented a new mechanism for controlling the price of electricity across the country, intended to prevent wild price fluctuations. A notice by China’s economic planner, the National Development and Reform Commission (NDRC)…

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[unable to retrieve full-text content]
Why is China in the midst of a critical power crunch?China experiences power shortages from time to time, and these are often the result of a conflict between market-oriented coal prices and government-controlled electricity rates.On January 1, 2020, the central government implemented a new mechanism for controlling the price of electricity across the country, intended to prevent wild price fluctuations. A notice by China’s economic planner, the National Development and Reform Commission (NDRC)…

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