Monday, February 11, 2008
Energy Update: Transmission Deregulation coming
I'm not going to be so presumptuous as to suggest that my post comparing California's 2000-01 energy crisis with China's current energy crisis had anything to do with this, but over the weekend China's NDRC decided to try to start deregulating China's energy transmission by increasing FDI in transmission. Chris Devonshire-Ellis has an in-depth post on this over at China Briefing. You can only transmit as much energy as you have wire. If there's a profit to made in transmission, and there is, then companies will be scrambling over each other to build those transmission lines when they can. End result, more people are getting more energy, and there is more wealth to go around. Or so goes the theory.
Posted by Will at 3:51 PM