Growth in electricity demand may drop
By Pan Xiaoyi |
July 27, 2010, Tuesday
|
Print Edition
Print Edition
GROWTH in electricity demand may drop 5 percent in the second half from a year ago due to a higher base, energy conservation measures and moderate economic growth, the China Electricity Council said yesterday.
Full-year power consumption is projected to rise 12 percent to 4.1 trillion kilowatt hours. In comparison, power demand increased 21.6 percent in the first half.
"Due to the government's curbs on energy-intensive industries, higher bases and economic conditions, electricity consumption has posted a month-on-month drop in the first six months," the council said.
Economic growth eased to 10.3 percent in the second quarter, down from 11.9 percent in the first three months. Industrial production slowed for the third straight month in June.
In the meantime, the combined profits across the industry jumped to 50.4 billion yuan (US$7.43 billion) in the first five months, up from 15.5 billion yuan a year earlier, due to a rise in the on-grid tariff in November, the council said, citing data from the National Bureau of Statistics.
However, 43.4 percent of thermal power producers posted losses in the first five months, 3.5 percentage points higher than a year earlier. Thermal coal prices were high due to a short supply.
In the first half, investment in power stations and grids reached 255.8 billion yuan. Of the total, 62.3 percent was invested in hydro, nuclear and wind power stations. The investment was 5.78 percentage points higher than last year, reflecting the country's desire to invest in clean energy.
It is estimated that the nation's total power capacity will exceed 950 million kilowatt hours by the end of this year with 210 million kilowatts of hydropower, 30 million kilowatts of wind power and 10.16 million kilowatts of nuclear power, the council said.
Full-year power consumption is projected to rise 12 percent to 4.1 trillion kilowatt hours. In comparison, power demand increased 21.6 percent in the first half.
"Due to the government's curbs on energy-intensive industries, higher bases and economic conditions, electricity consumption has posted a month-on-month drop in the first six months," the council said.
Economic growth eased to 10.3 percent in the second quarter, down from 11.9 percent in the first three months. Industrial production slowed for the third straight month in June.
In the meantime, the combined profits across the industry jumped to 50.4 billion yuan (US$7.43 billion) in the first five months, up from 15.5 billion yuan a year earlier, due to a rise in the on-grid tariff in November, the council said, citing data from the National Bureau of Statistics.
However, 43.4 percent of thermal power producers posted losses in the first five months, 3.5 percentage points higher than a year earlier. Thermal coal prices were high due to a short supply.
In the first half, investment in power stations and grids reached 255.8 billion yuan. Of the total, 62.3 percent was invested in hydro, nuclear and wind power stations. The investment was 5.78 percentage points higher than last year, reflecting the country's desire to invest in clean energy.
It is estimated that the nation's total power capacity will exceed 950 million kilowatt hours by the end of this year with 210 million kilowatts of hydropower, 30 million kilowatts of wind power and 10.16 million kilowatts of nuclear power, the council said.
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