State Grid expects Q1 power consumption to leap 20%

sxcoal.com Production & Sales 2021-01-27 14:46:52


State Grid Corp of China, which runs the majority of China's electricity distribution networks, expected power consumption in its grid-covered areas to soar about 20% in the first quarter this year.


The estimation is based on a swift economic recovery in the first quarter. The company's official media outlet State Grid News reported China's GDP is expected to increase 14.8% in the first quarter due to largely steady order of production and living under strict control of the epidemic.


Factors like the colder-than-usual temperatures and lower base of the first quarter in 2020 are also at play.


In 2020, power consumption in State Grid-covered regions totaled 5,833.7 TWh, a 2.5% rise on the year, accounting for 77.67% of China's total. Consumption in the first quarter of 2020 declined 7.4% due to the impact of COVID-19 epidemic, but the growth turned positive to 3.3%, 4.9% and 8.7% in the second, third and fourth quarters, respectively.


Power consumption reached 575.4 TWh in December, with the year-on-year rise hitting a record high of 9.6% for the year, expanding 4.5 percentage points compared with the growth of December 2019, due to a series of cold snaps and a steady rebound in industrial activity.


State Grid supplies power to over 1.1 billion people in 26 provinces, autonomous regions and municipalities, covering 88% of the national territory.


China Southern Power Grid, which runs power grids in five southern provinces – Guangdong, Guangxi, Yunnan, Guizhou and Hainan, saw power consumption in the five provinces last year at 1,305.6 TWh, a 5% rise on the year.


Its maximum power grid load hit a record high of 199.8 GW last year, a 7% rise compared with the record in 2019. Due to a surge demand in winter, the record has been refreshed seven times last year.



(Writing by Alex Guo  Editing by Emma Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 High shipping costs hampers demand for Indonesian thermal coal 2021-02-24

Indonesian thermal coal market witnessed a thinly traded session on February 24, as demand was curbed by a surge in freight rates for Supramax and Panamax vessels, according to traders. A

2 Tangshan asks steelmakers to cut production amid air pollution 2021-02-24

Tangshan, China's top steelmaking hub in Hebei province, issued an orange-coded alert forcing local steel mills to cut production in response to expected heavy air pollution, according to a government

3 Trading activity still thin in China's spot thermal coal market 2021-02-24

Trading activities remained weak in the Chinese domestic thermal coal market as most coastal utilities were not ready to start restocking, though inquiries were rising from end buyers. Of

4 China's coking coal sentiment weakens amid coke price fallback 2021-02-23

Chinese coking coal miners were increasingly bearish over the near-term price trend, as coke prices started to decline this week and demand for feed coal dropped at both coking plants and steel mills.

5 There's still a big room for coal power tariff reform in China 2021-02-23

A new coal power pricing mechanism took effective in China from January 1, 2020 in place of the previous benchmark coal tariff, which has been used since 2004. However, after being implem

6 China Three Gorges to buy 400MW renewable assets in Spain 2021-02-23

China Three Gorges Corp. has reached an agreement to buy operational wind and solar farms in Spain with a combined capacity over 400 MW. The renewable portfolio includes 11 winds farms an

7 Thermal coal stocks growing rapidly at N China's major ports 2021-02-23

Thermal coal stockpiles are increasing dramatically at northern transshipment ports of China, as downstream buyers are not ready to boost restocking given current low consumption and high stocks at ut

8 Weekly China thermal coal market analysis and forecast 2021-02-22

China's domestic thermal coal market remained on the downside in the first week after the Lunar New Year holiday, as demand was weak and may not improve notably until March. Trading activities remaine

9 Indonesian thermal coal prices stabilize as buying interest curbed 2021-02-22

Indonesian spot thermal coal prices kept largely stable at the beginning of this week compared with late last week, as a spike in global vessel shipping rates hampered buyers' appetite, which is just

10 China explores new way to facilitate coal imports from South Africa 2021-02-22

On February 18, the vessel "Genco Titus" carrying South African coal was discharged at Fangcheng port in southwestern China's Guangxi province. Upon the clearance, the imported coal would be delivered

Most Read Articles

1 China calls local governments to strengthen coal consumption reduction 2021-02-19

China's central government unveiled the result of coal consumption reduction work in 2019, putting pressures on local governments to further cut or replace use of the dirty fossil fuel in a bid to rea

2 Indonesian thermal coal gets support from India buyers 2021-02-19

Indonesian thermal coal prices got some support from growing buying interest in India, while Chinese buyers are trying to press down prices as industrial demand hasn't yet fully recovered from the Lun

3 posts 2021-02-22

In the week ended Feb 19, Newcastle thermal coal price stood at $85.79/t, down 2.95% WoW; S African Richards Bay thermal coal price at $89.88/t, down 0.43% WoW; price at European ARA ports (Amsterda

4 posts 2021-02-22

Shanxi Jincheng Steel proposed February 20 to cut buy price of Quansi Grade I wet-quenching coke (moisture≤8%, ash≤13%, S≤0.7%) by 100 yuan/t to 2,550 yuan/t on weak profit.

5 Mongolian coking coal prices keep dipping as supply increases 2021-02-19

Mongolian coking coal prices continued decreasing at Ganqimaodu border crossing in China, partly due to a quick increase in supply as a result of strict checks on coal storage that has led some owners

6 Chinese thermal coal market continues losing ground after holiday 2021-02-19

China's domestic thermal coal market remained inactive on the first working day after the week-long Lunar New Year holiday with few trades heard concluded at northern ports and offers/bids still falli

7 China explores new way to facilitate coal imports from South Africa 2021-02-22

On February 18, the vessel "Genco Titus" carrying South African coal was discharged at Fangcheng port in southwestern China's Guangxi province. Upon the clearance, the imported coal would be delivered

8 Chinese domestic coal vessel shipping rates pick up on tight capacity 2021-02-22

Driven by a sharp rise in global bulk shipping market on the back of a spike in grain loading out of east coast South America, many ship owners with operations at both domestic and international marke

9 China S Power Grid's power load and use hit record highs during Spring Festival 2021-02-19

Electricity load and consumption of China Southern Power Grid both reached record highs during this Spring Festival holiday (February 11-17), the company reported. The maximum power load

10 Indonesian thermal coal prices stabilize as buying interest curbed 2021-02-22

Indonesian spot thermal coal prices kept largely stable at the beginning of this week compared with late last week, as a spike in global vessel shipping rates hampered buyers' appetite, which is just