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CHINA PRESS: China Electricity Consumption Up 6.8% In 2024

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s electricity demand reached 9,852 billion kilowatt hours in 2024, up 6.8% y/y, and faster than 2023’s 6.7% y/y growth, according to data from the National Energy Administration. Primary, secondary and tertiary industries grew 6.3%, 5.1% and 9.9%, versus 2023 rates of 11.5%, 6.5%, and 12.2%. Urban and rural residents’ demand rose 10.6% y/y, faster than 2023’s 0.9% growth.

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China’s electricity demand reached 9,852 billion kilowatt hours in 2024, up 6.8% y/y, and faster than 2023’s 6.7% y/y growth, according to data from the National Energy Administration. Primary, secondary and tertiary industries grew 6.3%, 5.1% and 9.9%, versus 2023 rates of 11.5%, 6.5%, and 12.2%. Urban and rural residents’ demand rose 10.6% y/y, faster than 2023’s 0.9% growth.