China's power market notches a record in 2018 Viewpoint,  Price 2019-01-11 16:17:59

Industry insiders say 2018 has been a record year for the China's electricity market, with new highs predicted for total electricity consumption, the average amount generated each day, and year-on-year growth, all driven by China's upgrading economy.

"Electricity generation and consumption figures are among the best and most straightforward indicators for a society's economic quality," said Han Xiaoping, chief analyst with China Energy Net Consulting.

"Those increases just demonstrated that the Chinese economy is developing healthily and has strong internal growth impetus that outweighs the negative influence from the outside."

Although official statistics for December haven't yet been released, industry data point to a strong end to record-breaking first 11 months.

According to the National Energy Administration, from January to November in 2018 the country's total electricity consumption was 6.22 trillion kilowatt-hours, up 8.47% year on year. Growth was 2 percentage points faster than the same period in 2017.

For electricity generation, the NEA said China created a record 6.16 trillion KWh in the first 11 months of 2018, up 6.9% year on year. Average daily electricity generation was 18.47 billion KWh in 2018, up 8.52% year on year. The shortfall between power generated and demand was made up by imported power, and examples such as factories running their own generators.

In all, six regional power grids and 26 regional power grids saw higher peak loads in the past year, including in places such as North China, Southwest China, and Shandong and Henan provinces, according to a report by business news publication Economic Information Daily.

The utilization rate of power grids in the Northeast and the Northwest, and a group of provinces including Hunan, also hit record highs in December, the report said.

Demand jumped across all sectors ranging from agricultural, industrial and service industries, and reflected the increasing living standards of Chinese people in both urban and rural areas, said Han.

According to the NEA, electricity consumption in the primary industry was 0.67 trillion KWh in the first 11 months, up 10 % year on year.

In the industrial sector, consumption totaled 4.27 trillion KWh, up 7.1% year on year, and for the service sector, the numbers were respectively 0.99 trillion KWh and up 12.8% on the year.

Electricity consumption for household use was 0.90 trillion KWh, a year-on-year increase of 10.5%.


Han attributed the electricity consumption growth in people's daily lives mainly to rising incomes.

The higher energy consumption comes as residents, especially in the Beijing-Tianjin-Hebei region, turn their backs on coal heating for cleaner electric options.

(Writing by Tian Zhang  Editing by Tammy Yang)
For any questions, please contact us by or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 Weekly global coal market news summary (Mar 18-Mar 22) 2019-03-22

Traders expect Indonesian coal prices to drop further A general consensus was among traders that Indonesian coal prices would go down further in the near term, mainly due to waning demand fro

2 China's coal imports from Mongolia may retreat as domestic production ascends 2019-03-22

China's intake of Mongolian coking coal is expected to decrease with Chinese domestic supply gradually recovering as safety and environmental inspections on mines are coming to an end in key productio

3 China Coal Daily Track (Mar 22) 2019-03-22

Thermal coal Production area Some miners in Yulin of Shaanxi further lowered coal prices amid decreased buying activities; large miners in Shenmu and Fugu cut their bidding prices amid slac

4 Chinese thermal coal prices less likely to surge before late Apr 2019-03-22

Participants in Chinese spot thermal coal market reckoned it less likely for prices of the fuel to rise sharply before late April, when utilities may make large purchases after maintenances.

5 Traders expect Indonesian coal prices to drop further 2019-03-22

A general consensus was among traders that Indonesian coal prices would go down further in the near term, mainly due to waning demand from Chinese buyers. Most traders and end users held

6 China thermal coal prices stabilize on demand 2019-03-22

Spot thermal coal prices showed signs of stabilization falling for over one week, with buying appetite rising from non-power end users and renewed optimism filtering through the market. I

7 China's pricing power facing challenges from new competitors in SE Asian steel market 2019-03-22

Chinese steel mills are facing increasing competitions in the southeastern Asian steel market with its predominant position being challenged by competitors from other countries. Southeast

8 China Coal Daily Track (Mar 21) 2019-03-21

Thermal coal Production area Coal prices fell by 20-30 yuan/t in Shenmu city of Shaanxi as downstream users reduced purchase owing to previous high prices. Miners in Yulin city expected further

9 Indonesian coal prices extend downtrend amid weak demand 2019-03-21

Spot prices of Indonesian thermal coal have extended the downward trend since late last week, as demand weakened after a large purchase from a state-run power producer. On March 20, the F

10 China 5,500 Kcal/kg NAR coal ceases drops as demand improves 2019-03-21

Prices of 5,500 Kcal/kg NAR coal stopped declines that had lasted for seven days at northern China ports, in response to increased buying appetite from cement plants. On March 20, the Fen

Most Read Articles

1 China's QHD port boosts inventories to help stabilize coal prices 2019-03-13

Qinhuangdao port, a major coal transfer hub in northern China, is expected to increase coal inflows and build up stocks, in an aim to help rein in recent coal price hikes at coastal market.

2 China coal shipping market languishes again 2019-03-12

China's coal shipping market started to lose strength following a 10-day rise, in line with increasing tepidness in coal trades at northern ports. After thermal coal prices surged to a fr

3 China thermal coal sales hit a roadblock 2019-03-15

Thermal coal sales were hammered in both producing regions and northern transfer ports in China, market sources confirmed with, causing declines in prices of the fossil fuel.

4 Indonesia, Russia coals zero in on Chinese market amid supply gap 2019-03-11

Indonesian and Russian miners zeroed in on Chinese seaborne import thermal coal market after a supply gap emerged along with China's tightened grips on Australian coal and curbed production in domesti

5 China Jan-Feb coal output falls on safety checks, NBS data 2019-03-14

China's raw coal production fall 1.5% year on year to 513.67 million tonnes in the first two months this year, data showed from the National Bureau of Statistics (NBS) on March 14. The ye

6 Thermal coal market shows sign of slowing at Chinese N ports 2019-03-11

Traders warned there might be downward risks soon for thermal coal traded at ports in northern China when coal mines are allowed to resume production in main production areas. Triggered b

7 Mongolia Feb coal exports up 52.63% YoY 2019-03-15

Mongolia exported 1.91 million tonnes of coal in February, increasing 52.63% year on year yet decreasing 11.63% from the previous month, showed the data from the National Statistics Office of Mongolia

8 Indonesian thermal coal further saps as trades wind down 2019-03-15

Indonesian thermal coal prices further sapped after several days of stabilization, as the sole support of weather-interrupted shipments in Kalimantan and Sumatra has failed to offset the impact of ebb

9 Weekly China coal market news summary (Mar 11 – Mar 15) 2019-03-15

China Jan-Feb coal output falls on safety checks, NBS data China's raw coal production fall 1.5% year on year to 513.67 million tonnes in the first two months this year, data showed from the Na

10 Production resumption may allay supply concerns for thermal coal in China 2019-03-13

Chinese thermal coal miners are gradually recovering operations, boosting expectations that supply shortness will be alleviated later on. As of March 11, three batches of coal mines, 95 i

Scan to download mobile APP