Supply and demand of China's power industry in 2017

In 2017, China's electricity consumption achieved rapid growth under the influence of factors such as the continued steady improvement of the macroeconomic economy, the improvement of industrial production and the recovery of industrial electricity consumption, the sustained and rapid growth of the service industry, and the increase in the demand for electricity in the summer heat. In 2017, the electricity consumption of the whole society reached 6,307.7 billion KWH, an increase of 6.6%, and the growth rate was 1.7 percentage points higher than that of the previous year.

By industry, the electricity consumption of the secondary industry reached 4,441.3 billion KWH, contributing 60.2% to the growth of electricity consumption in the whole society, and driving the growth of electricity consumption in the whole society by 3.9 percentage points. Manufacturing electricity consumption increased by 5.8%, of which, the faster growth is the petroleum processing and coking and nuclear fuel processing industry, transportation electrical and electronic equipment manufacturing, general and special equipment manufacturing, up 12.2%, 10.3% and 10.3%, respectively. The tertiary industry consumed 881.4 billion KWH, up 10.7% year on year, among which the electricity consumption of information transmission, computer services and software industry increased by 14.6% year on year, and the electricity consumption of transportation, warehousing and postal industry increased by 13.3% year on year.

Figure 1: Total Electricity consumption and Growth in China, 2010-2017 (unit: billion KWH, %)

Source: Prospective Industry Research Institute

Chart 2: Electricity consumption structure of China in 2017 (unit: %)

Source: Prospective Industry Research Institute2017年广东省用电量5959亿千瓦时位居全国第一

From the perspective of the electricity consumption of various provinces and cities in 2017, the top five provinces in the whole society in 2017 are Guangdong (595.9 billion KWH), Jiangsu (580.8 billion KWH), Shandong (543 billion KWH), Zhejiang (419.3 billion KWH) and Hebei (344.2 billion KWH). The whole society's electricity consumption in all regions achieved positive growth to varying degrees, of which 15 provinces had a year-on-year growth rate higher than the national average (6.6%), as follows: Tibet (18.2%), xinjiang (11.5%), guizhou (11.5%), (11.0%) in Inner Mongolia, shanxi, shaanxi, ningxia (10.3%), (10.8%) (9.5%), jiangxi (9.4%), (9.3%) of gansu, yunnan (9.0%), zhejiang (8.2%), qinghai (7.8%), chongqing (7. 3%), Fujian (7.3%) and Anhui (7.0%).

Chart 3: Electricity consumption of the top ten provinces in the whole society in 2017 (unit: billion KWH)

Source: Prospective Industry Research Institute

In 2017, the national power generation of 6417.9 billion KWH clean energy power generation has grown rapidly

In 2017, China generated 6,417.9 billion KWH of electricity, up 6.5 percent year on year. By type, hydropower power generation was 11.45 billion KWH, up 1.7 percent year on year, accounting for 18.6 percent of the country's power generation, down 0.9 percentage points year on year; Coal power generation was 3,880.3 billion KWH, down 1.7% year on year, accounting for 60.5% of the national power generation, accounting for 5.0 percentage points lower than the previous year; Nuclear power, wind power and solar power generated 248.3 billion KWH, 305.7 billion KWH and 118.2 billion KWH, up 16.5%, 26.3% and 75.4% year on year respectively, and accounted for 0.4, 0.8 and 0.7 percentage points of the national power generation, respectively.

Figure 4: National energy generation in 2017 (unit: %)

Source: Prospective Industry Research Institute

In 2017, East China ranked first in the country at 1,375.4 billion KWH

By region, East China, Central China and North China ranked the top three in terms of power generation, respectively, 1,375.4 billion KWH, 1,217 billion KWH and 1,127.2 billion KWH, accounting for 21.43%, 18.96% and 17.56%. In terms of growth rate, the northwest region has the highest growth rate of power generation (12.5%), followed by the Northeast (8.3%) and the southern region (7.2%).

Figure 5: Power generation of national sub-grid in 2017 (unit: billion KWH, %)

Source: Prospective Industry Research Institute

From the perspective of power generation of provinces and cities in 2017, the top five provinces in power generation in 2017 were Jiangsu (488.5 billion KWH), Shandong (486 billion KWH), Inner Mongolia (442.4 billion KWH), Guangdong (434.8 billion KWH) and Sichuan (356.9 billion KWH). Power generation in all regions achieved positive growth to varying degrees, among which 14 provinces had a year-on-year growth rate higher than the national average (6.6%), as follows: Ningxia (18.3%), Tibet (14.6%), (1.0%) in Inner Mongolia, xinjiang, shaanxi, qinghai (11.3%), (11.5%) (11.1%), (11.0%) of gansu, yunnan (10.4%), shanxi (10.1%), (9.6%), (9.3%) of jiangxi province in anhui, fujian (9.0%), guangdong ( 7.7%) and Hebei (7.3%).

Figure 6: Electricity consumption of the top ten provinces in the whole society in 2017 (unit: billion KWH)