Power Markets
China's record heat drives power demand to a new high
Energy officials reported that days of record-breaking heat in large parts of China drove power demand up to a new high of more than 1.5 billion kilowatts. A sweltering arc of heat stretches from the densely-populated southwest cities of Chongqing, Chengdu and Guangzhou to the southern megaport. Meteorologists attribute this extreme to climate change. It presents a challenge to authorities. State media reported on Thursday that temperatures reached their highest level ever at eight weather stations over the past two days, thanks to a subtropical weather system in the southwest and northwest. Chim Lee is a senior energy specialist and...