Why is China's electricity so cheap? Nov222024 China's households now consume as much energy as Western Europeans do, while electricity costs in China are far below the prices paid by consumers in North America and Europe. These developments were unthinkable just two decades ago, as China struggled, and often failed, to meet surging demand. China's energy picture is daunting, and discouraging. China still relies heavily on imports of oil. And its giant population centers are in the East and South, while its domestic resources and production are concentrated in the West and North. Beginning in 2006, China embraced Ultra-High Voltage (#UHV ) power transmission systems, and included them in their national planning. China's diplomatic and economic efforts involved deep ties with oil-producing countries, and their commitment to renewable power raised the ceiling on domestic energy production. But UHV was equally crucial, and allows for Chinese citizens to now enjoy high-consumption lifestyles at far lower price points than in Western Europe, Australia, and Japan, and even most of the US and Canada. Resources and links: Inside China / Business Substack, for script and links: https://kdwalmsley.sub... BBC: 'A bullet train for power': China's ultra-high-voltage electricity grid https://www.bbc.com/fu... Energy in China: Development and Prospects https://journals.opene... Belo Monte Transmission Line Project: 'Electricity Expressway' in Brazil http://en.sasac.gov.cn... Raigarh-Pugalur High Voltage Direct Current (HVDC) Pole I put into commercial operation https://pib.gov.in/Pre... A rising China is reshaping global energy markets https://www.gisreports... China now uses about the same amount of energy per person as the European Union https://ourworldindata... PV Magazine, Renewables helping China to halve power prices compared to US, Europe https://www.pv-magazin... Cost of Electricity by Country 2024 https://worldpopulatio.. New York Times, As U.S. Tries to Isolate China, German Companies Move Closer https://www.nytimes.co... Oil Price, High Energy Costs Prompt German Firms to Consider Relocating https://oilprice.com/L... Bloomberg, Four in Ten German Manufacturers Eye Move Abroad on Energy Costs https://www.bloomberg.... X, China is building the world's most advanced UHV grid right now https://x.com/pretenti... Closing scene, The Terraces, Hebei #insidechinabusiness #blcsfo #chinatiktok - @blcsfo