China’s power supply crunch is improved, back to normalcy: State Grid

China’s state-run power operator the State Grid Corporation of China announced on Sunday that the country’s strategies of securing electricity supply had achieved an initial success. The national grid is operating smoothly and the previous imbalance between power supply and demand has returned to normalcy.

Multiple national supervisors including the National Development and Reform Commission, the State-Owned Assets Supervision and Administration Commission of the State Council and the National Energy Administration have ramped up efforts to secure coal and electricity supply, ease the surging coal price and enlarge storage of natural gas.

China’s current electricity usage, generation and transmission are now back to normal operation, and are able to meet public needs. The overall coal stock-up in power plants ran by the State Grid recovered to 99.32 million tons which can meet power generation for 20 days.

China has also enlarged the volume of imported coal and output of domestic coal to ease the power shortages. Data released by General Administration of Customs of China on Sunday showed that, the import volume of coal and lignite in October reached 26.943 million tons, nearly double the volume for the same period of last year. The import volume of natural gas in October witnessed a year-on-year increase of 24.43 percent to reach 9.377 million tons.

According to the State Grid, the electricity demand and supply will be balanced during the coming power usage peak, to satisfy winter heating at homes. Even though the power supply may be volatile, the State Grid vowed to take steps to secure the country’s power supply.

Source: Global Times

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