China's Sweltering Heat Pushes Shanghai Power Demand to Record [Yahoo! Finance Canada]
CLP HOLDINGS LTD S/ADR (CLPHY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Electricity demand in Shanghai has hit a record as temperatures surged to 40.4C (105F) on Sunday, close to the city's all-time high of 40.9C first recorded in 1873 and repeated two years ago. Nearby provinces are also closely tracking the heat to ensure power supplies, while officials have warned rice farmers in Jiangxi and tropical fruit growers in Fujian to protect crops from the blistering conditions. ADVERTISEMENT So far, the grid is holding up, supported by ample stockpiles of coal, China's mainstay fuel, as well as increased contributions from solar and hydroelectric power, which is still the nation's chief source of renewable energy. Having learned the lessons from crippling power outages in recent years, the authorities have lifted coal imports to all-time highs and domestic production to near-record levels. Heavy rains, meanwhile, have swelled the reservoirs that supply the nation's hydropower. Climate change is now making extreme weather eve
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