China’s power production hit all-time high in mid-July Thermal coal prices at all-time high on tight demand-supply Deep losses cap operating rates of gas-fired power plants China’s coal-fired and gas-fired power plants struggled to boost electricity production despite record summer demand through July as regulated tariffs prevented them from passing on surging coal and gas prices to consumers. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This means that despite the risk of blackouts and scorching temperatures in July, power companies were unable to fully ramp up electricity generation, and LNG, gas and coal imports had limited room to grow. Many gas-fired plants in China are considered ideal for peak shaving, or meeting surges in peak power demand. Despite that they operated at lower capacity than coal-fired power plants, which account for more than 60% of China’s total power supply. Coal-fired plants […]