Worrying power supply

Chinese power companies are trying hard to make a big fanfare about the urgent need to raise the price of electricity to avoid the country's worst power shortage in decades.

The country's leading power distributor, State Grid Corp, warned on Monday that some 26 provincial regions will suffer combined power shortages of 30 million kilowatts this year.

Should that be the case, enterprises should brace themselves for a long, hot and dark summer since the power distributor has already made it clear that it will prioritize power supplies for residents, hospitals, schools and other public facilities. Nevertheless, should policymakers take such a warning at face value?