China's electricity consumption is expected to increase 6% from a year earlier in 2023, said one senior official with the China Electricity Council on March 24, unchanged from a prediction made at the beginning of this year.
In the meeting analyzing China's economic situation and electricity industry development in 2023, the head of CEC, Yang Kun, predicted the nation's power consumption growth to be around 6% this year.
"To give full play to the fundamental role of energy and electricity in promoting the steady rebound of China's economy, we must make every effort to ensure the safe and stable supply of electricity," he said.
"In 2023, China's economic operation as a whole is expected to recover, driving the growth rate of electricity consumption higher than in 2022," the China Electricity Council said in a report in early January. "Under normal weather conditions, it is estimated that electricity consumption in 2023 will be 9.15 TWh, an increase of about 6% compared with 2022."
China took a cautious approach to its economy in its latest government work report released earlier this month — setting a conservative target for its gross domestic product of "around 5%" in 2023.
China's economy grew by 3% in 2022 – the second lowest recorded since 1976 and only slightly better than the 2.2% growth reported in 2020, due partly to the country's strict COVID restrictions.
(Writing by Alex Guo Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.