China Energy Data Report (2021) – Power
China Energy Data Report (2021) was launched recently, marking the sixth consecutive year that China Energy Information Research Center has published a report on China’s energy data.
The report describes China’s energy development with a large number of charts and data (available in the Chinese version of this article)
Here presents a short summary of the fifth chapter–Power
Power production
- The growth of power generation slowed down
- China’s installed power capacity reached 2.2 billion kW, up 9.5% year on year
- The structure of power generation capacity continued to be optimized, and the installed capacity of non-fossil energy reached a record high
- The scale of newly installed power generation capacity reached a record high, and new energy gradually became the main power source
Power consumption
- The whole society’s electricity consumption increased by 3.1% year on year, and the growth rate slowed down
- Primary industry’s electricity consumption and residential electricity consumption play a significant role in driving power consumption, and the power consumption structure continues to be optimized
- The utilization hours of hydropower and nuclear power equipment increased compared with the same period last year
- Major energy consumption indicators continued to decline, with coal-fired power units of ultra-low emission at 950 million kW
Power infrastructure
- Total investment in power increased by 9.6% year on year, the highest investment in nearly a decade
- The power investment structure was readjusted again, and the gap between power grid infrastructure investment and power source infrastructure investment continues to narrow.
- Investment in new energy increased sharply, and investment in thermal power declined for five consecutive years
- Investment in power grid decreased by 6.2% year-on-year, the lowest investment volume during the 13th Five-Year Plan period
Reform of the power system
- The supervision system of electricity transmission and distribution is basically improved
- The reform of the share-holding system of power trading institutions is accelerated
- The medium and long-term trading rules of electric power have been improved
- The trial operation of the long cycle settlement was carried out in the power spot market
- The power auxiliary service market covers the whole country
- The incremental power distribution is steadily reforming