Power market forces have went back to normal in areas served by the State Grid Corporation of China, according to the state-owned electric utility corporation. Despite the fact that the scale of electricity cubs has been considerably lowered, power supply to some factories in certain provinces with high energy consumption and pollution was still limited.
The thermal coal stock in the company’s operational area has now increased to 99.32 million tonnes, with 20 available days of consumption, according to Chinese state media. Power consumption in The country will climax during the winter and early spring. This year will also be a drought year for hydropower. As a result, the grid is expected to experience a “overall tight power balance with shortfalls in particular places.”
The State Grid will boost and create a stable electricity supply by trying to tap the possibility of all kinds of assets, while closely monitoring thermal coal and gas supply and coordinating power transmission across different regions to ensure grid safety, according to Meng Haijun, a State Grid spokesperson. As of 2020, the State Grid is the world’s second largest company by revenue. It serves approximately of over 1.1 billion people, and its service area encompasses 88% of Chinese mainland.
