Electricity Consumption Grows 6.8% YoY to 1.17 Trillion kWh in Q1

Source: China Electricity Council, ChinaScope Financial (Data)

+       Data released by the China Electricity Council on April 23 shows that China’s electricity consumption in the first quarter rose 6.8% year-on-year to 1.17 trillion kWh. Growth in March was 7% YoY.

+       The slowing growth corresponds to the low GDP growth numbers released by the National Bureau of Statistics on April 13.

+       In the first quarter, China’s power generating capacity increased 9.24 million kW, with 1.27 million kW coming from hydropower and 6.49 million kW from thermal energy.

The growth of China’s electricity consumption dropped to 7.0% in March 2012, driven down by lower consumption in the primary and secondary industry. Notably, electricity consumption of the tertiary rose to 19.36%.

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