BEIJING: Ample heating fuel stocks from bumper production mean China may not need to ramp up imports of coal and natural gas to meet record power loads as a result of freezing weather which continues to grip the country.
Domestic heating demand has risen across China, with many northern provinces rewriting records as temperatures plunged below minus 30 degrees Celsius in some cities.
Peak electricity loads were up by 100 million kilowatts on last year’s high, Xinhua reported on Thursday. This equated to an increase of around 8.6%, Reuters calculations based on data from China’s state planner showed.
