China Expects to See an Increase in Power Consumption
Power consumption in China is expected to rise around 4 to 6 percent year on year this fourth quarter as the economy is starting to stabilize. China Electricity Council said that this increase will bring electricity consumption for the entire year to 4.94 trillion kilowatt per hour nearly 5 percent higher compared to last year.
Power demand and supply will be balanced since there is an abundant supply of coal in most of the thermal power plants, and most of the country’s northern regions will have power surpluses, but several areas in East China will suffer power shortages in peak periods due to a short supply in natural gas.
China Electric Council suggested that authorities should improve arrangements of winter power supplies especially in the northern regions to ensure stable operation of the country’s power system. Also power consumption growth slowed down further in September as factory activities posted weak increases due to the economic downturn.