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China's electricity consumption this year will increase by 7-8pc from 2020 on stronger domestic activity, according to the latest forecast by government-backed China electricity council (CEC). China's non-fossil installed capacity could surpass coal-fired capacity this year, it said.

 

The CEC in February forecast a year-on-year increase in electricity consumption at 6-7pc for 2021. It made the upward adjustment citing expectations of stronger domestic and overseas economic activity. This year is the 100-year anniversary of the founding of China's communist party as well as the start of the country's 14th five-year economic plan, with Beijing expected to prioritise the economy, the CEC said.

 

The CEC said that electricity consumption could exceed 8pc this year if high summer temperatures affect large parts of the country for prolonged periods, which would significantly raise air-conditioning demand. It also noted that the year-on-year increase in the second half of 2021 will be lower than the first half because of a relatively low base in early 2020 from the impact of Covid-19 in early 2020.

 

Source : https://www.argusmedia.com/en/news