Energy Insider: Power Shortage Worsens in Guangxi; Geely Joins With Renault in Hybrid Vehicle Push

In today’s Caixin energy news wrap: Coal prices in China are expected to hover at a high level amid strong demand; Renault partners with Geely to introduce Renault-branded hybrid vehicles in China; Guangxi presses aluminum producers to cut production amid worsening power shortage.

Guangxi Power Grid urges aluminum producers to cut power usage

Guangxi Power Grid Co. Ltd. called on local aluminum producers to cut production as the southwest province struggles with a worsening electricity supply shortfall amid surging demand driven by economic recovery. Guangxi is likely to experience a widening gap between power supply and demand in the third quarter, with an estimated shortfall of 7 million kilowatts. The gap will further expand to 9 million kilowatts as winter falls. Guangxi plans to press local aluminum companies to reduce power usage by an average of 30% by Aug. 15.