Results tagged “electricity”

Tony Cheng of Al-Jazeera visits an old woman in Tokay village in Xinjiang who is only now experiencing electricity in her home for the first time in her life, thanks to the new solar cells that have been installed in homes around the region.

From CCTV:

Easing inflation over the last few months may be good news for China's power regulator. It's saying continued falls in the growth rate of the Consumer Price Index leaves ample room for hikes in the retail prices of electricity.

Continue reading "China may raise retail electricity rates"

Meanwhile, the Chinese have reduced exports by over eight percent, idled more than 60 coal plants and announced they will lower import tariffs on the commodity, all because of shortages. It’s more than foreign competition and transport prices the country has to worry about — energy supplies within the PRC are dwindling to dangerous lows. We in Shanghai got a taste of what such scarcity might mean when blackouts struck the scorched city earlier this month.

Parts of Shanghai are experiencing blackouts today because sizzling temperatures have led to an exploding electricity demand and the city's power grid is, quite simply, unable to cope with everyone reaching for the a/c. A local power official tells Shanghai Daily that the city's power grid is fully loaded, all backup power generation systems are in use and blackouts may have to be introduced to help the city cope. This summer, the State Grid Corporation of China is already predicting a shortfall of up to 10 million kilowatts with an extended season of hot weather and rising coal costs. Blackout party, anyone?

Effective today, China will raise gasoline and diesel fuel prices 16 percent and 18 percent, respectively, news that sent global oil prices down nearly US$5 a barrel. Electricity prices are also expected to rise sharply. Reuters offers a poorly displayed chart that shows China's domestic gasoline prices, fixed since November 1, have climbed 95 percent and diesel prices have more than doubled since 2003. Retail fuel prices in China are expected to increase to $3.05 per gallon for gas and $3.31 for diesel. Says the New York Times, "Costlier fuel and electricity could prompt businesses and individuals across China to use less of it, slowing somewhat China’s voracious increase in oil consumption in recent years as well as its steep rise in emissions of global warming gases." [Sources: AP, Reuters, LAT, NYT, CNN]