China's Solar Surge Is Making a Missing Power Data Problem Worse [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The boom in renewable energy installations in China is exacerbating a problem measuring power production data in the world's second largest economy. The gap between electricity consumption, as measured by the National Energy Administration, and power production calculated by the National Bureau of Statistics grew to 46.5 billion kilowatt-hours in March. That means 6.2% of power generation was missing from monthly output statistics that investors and policymakers use to assess important economic growth factors like gross domestic product. Article content Article content The issue is that consumption data covers the entire country, but output data is only measured at facilities deemed large enough to matter to the economy. While that made sense in an era of massive coal-fired power plants located in or near urban centers, it's been upended by the
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