
China’s power shortages expected to worsen this summer
China could face even more severe power shortages this summer, Chinese media reports.
A new report from Caixin magazine quotes the China Electricity Council as saying this summer could see an overall supply shortage of as much of 5 percent. The power shortage is the result of increasing summer demand and lack of supply because of higher coal prices. Experts have said China may need to up its coal imports to meet demand, and that rolling blackouts are to be expected this summer as the situation worsens. China raised electricity rates for non-residential consumers last month to try to alleviate demand, but the situation still seems dire.