Entries from Shanghaiist tagged with 'electricity'
July 30, 2008
Coal has been a booming export business for China in recent years, but inadequate supplies may threaten not only foreign trade but also energy supplies at home. While the increasing global demand for the fuel has allowed both China and India to successfully tap a huge international market, the rising cost of transporting the product has contributed to the search for local coal. In the U.S., the largest energy-consuming nation in the world, followed closely......
Continue Reading "China's coal collapse "July 7, 2008
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......
Continue Reading "Blackouts as Shanghai sizzles"June 20, 2008
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......
Continue Reading "China gas prices jump. Taxi fares next?"