Traffic lights gone dark. Factories shut down. What caused China’s power crisis?
3 years, 3 months ago

Traffic lights gone dark. Factories shut down. What caused China’s power crisis?

LA Times  

A man uses his smartphone flashlight to light up his bowl of noodles as he eats breakfast at a restaurant during a blackout in Shenyang in northeastern China’s Liaoning province on Sept. 29. “No one will generate power to lose more money because they know they’re not only burning coal but also burning money,” said Li Shuo, senior global policy advisor at Greenpeace East Asia. That disconnect between market-based coal prices and regulated power prices is a symptom of China’s outdated power sector, he said. “Now the central government is changing the mindset.” Analysts say in the future — despite the coming winter when coal mining and coal imports will increase to meet energy demands — the crisis should reduce China’s dependence on fossil fuels and lead to investment in renewable energy to avoid high fuel prices. China’s power system is structured around coal plants with the expectation that they can operate 24/7 and provide stability, he said.

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