Existing power plants are projected to retire at a faster pace than installations of new units, and dependence on renewable projects are threatening widespread power shortages, according to a new report by regional power transmission company PJM Interconnection. PJM analysis shows that 40 gigawatts (GW) of existing power generation is at risk of retirement by…
Power Shortages Coming Soon to America
March 3, 2023
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China Aims To Alleviate Energy Crunch With New US Natural Gas Deals
Amid soaring gas prices and domestic power shortages, China has signed three large-scale liquefied natural gas (LNG) deals with U.S. exporter Venture Global LNG to secure long-term supplies. For the past three years, China had imposed tariffs on U.S. natural gas due to the U.S.-China trade war. According to the United States Department of Energy,…
China’s Power Crunch Risks Creating ‘Difficult to Control’ Inflation
October 4, 2021
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AustraliaChinaChina Business & EconomyChina-Australia RelationsChinese Regimecoallignitepower shortageRussia
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Widespread power cuts and rationing in China might quickly push the country into a position where inflation is “difficult to control”, an economist has said. Power shortages in China have resulted in the price of electricity rising sharply and power supplies to some factories being capped. Independent economist Jiang Hao told Radio Free Asia that…
China’s Power Crunch Risks Creating ‘Difficult to Control’ Inflation, Economist Says
October 4, 2021
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AustraliaChinaChina Business & EconomyChina-Australia RelationsChinese Regimecoallignitepower shortageRussia
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Widespread power cuts and rationing in China might quickly push the country into a position where inflation is “difficult to control”, an economist has said. Power shortages in China have resulted in the price of electricity rising sharply and power supplies to some factories being capped. Independent economist Jiang Hao told Radio Free Asia that…
What’s Behind the Blackouts in China?
Beijing allows two American siblings to leave China and come home after three years. Their father is one of China’s most-wanted corrupt officials. Beijing accuses him of committing major bank fraud. Power shortages cause issues across China, and American businesses are feeling the pain. Coal shortages may play a role, but some say the real…
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