China’s Power Reforms: Climate Crises, Supply Shocks Energize Push for Unified Market

Editors’ note: This story is the first of a three-part-series titled China’s Power Reforms, where Caixin looks at efforts to marketize the electricity sector and establish a unified power market.

News just ahead of Christmas that Shanxi province’s spot power market had officially moved into full operation, five years after launching as a pilot scheme, on its own was never going to make the front page.