Comment by AuthAuth

China's power price has never reflected market costs. But the reason why you arent seeing it drop with so much renewables added is because your numbers are wrong. Its about 20-25% generated as renewables over the past 5 years and while a lot of renewable capacity and non renewable capacity has been added the power demand has raised to match. When we look at the current demand its a near inf scale whatever is available modern industry will consume.

When we compare this to the power boom in the 2000s they were able to build enough energy generation to meet demand and were able to drive the price down from 30c rural and 17c city to 8cents for both.