China 2021 power consumption growth to reach a 3-year high of 6.5%

sxcoal.com General,  Production & Sales 2020-12-22 17:21:04

With the rapid recovery of domestic economy, China's electricity consumption is estimated to jump 6.5% year on year to 7,900 TWh in 2021, said Xin Bao'an, general manager of the State Grid Corporation of China.


The power usage growth would hit a three-year high in 2021 if the rate exceeds 6%, data showed.


Despite a slow growth this year, domestic electricity consumption may grow at a moderate range of 4-5% in the next three years, with supply shortage likely to appear in some areas, said Liu Shiyu, director of the planning department of the China Electric Power Planning & Engineering Institute.


Statistics from the National Development and Reform Commission (NDRC) shows that China's cumulative electricity consumption growth started to turn positive since August.


During January-November, the growth of electricity consumption in China's 16 provinces was higher than the national average, and the average daily consumption of the manufacturing industry hit a record high, according to the China Electricity Council.


In November, the growth of electricity consumption in East, Central, West and Northeast China reported 8.5%, 10.8%, 11% and 4.2% respectively.


Industrial enterprises used 459.6 TWh of electricity in November, increasing 9.9% YoY, compared with a lower growth of 3.5% during the same period last year. It made up 71.1% in China's total power consumption.


The manufacturing industry's electricity consumption climbed up 9.9% in November from a year ago, 7.2 percentage points higher than the same period last year.


Owing to strong growth of industrial production coupled with cold snaps, electricity demand saw an unexpected growth since the second half of December in Shandong, Henan, Jiangxi and Hunan, leading to unusual restriction in electricity use in the regions, said the NDRC.


(Writing by Shengnan Liu  Editing by Tammy Yang)
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