S China provinces Aug power consumption up 10% YoY

sxcoal.com General,  Production & Sales 2023-09-18 15:46:32

Total electricity consumption in southern China's five provinces and regions, including Guangdong, Guangxi, Yunnan, Guizhou, and Hainan, reached 156.5 TWh in August, marking a 10% year-on-year increase, according to China Southern Power Grid Co., Ltd.


Monthly electricity usage maintained a high growth rate, leading to higher growth rate for the cumulative power consumption.


The primary industries, mainly the agricultural sector, witnessed a 10.6% rise on the year in electricity usage. Power consumption in the secondary industries, mainly the industrial sector, and tertiary industries, mainly the service sector, climbed 9.8% and 11.1% respectively, compared to the same period last year.


Residential use increased by 9.6% year on year in August.


Guangdong's total electricity consumption rose 11.3% YoY in August. The manufacturing sector continued to play a vital role in the city, with electricity usage maintaining a high growth of 10.2% YoY.


Notably, the electrical machinery and equipment manufacturing industry, as well as the computer, communication, and other electronic equipment manufacturing industry, experienced rapid growth, both exceeding 12% in growth rate in Guangdong.


In the same month, Hainan's total power consumption reached 4.7 TWh, a remarkable 29.8% YoY increase, ranking first nationwide in terms of growth rate. The tertiary industries' electricity usage maintained high growth rate of 39.3%, surpassing the overall electricity consumption by 9.5 percentage points, indicating a continuously thriving consumer market.


From January to August this year, total electricity consumption in these five provinces and regions reached 1,037.4 TWh, up 6.4% YoY. In the national economy industry classification, over 70% of industries saw positive year-on-year growths in power use.


Sales data analysis revealed that this growth in electricity consumption across the southern China was mainly driven by economic factors, with temperature having a minimal impact, which contributed to only around 0.5 percentage point in the first eight months.

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

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