The China Electricity Council predicted that the country’s power use, a key barometer of economic activity, will register stable growth in 2023 driven by the overall recovery of the country’s economy, with power consumption to increase by about 6% year-on-year to reach 9.15 trillion kilowatt-hours.
Overall, electricity supply and demand are expected to remain balanced throughout the year with regional strained power supply during certain periods, the council said in a recently released report in Beijing.
China’s electricity consumption maintained stable growth in 2022, up 3.6% year-on-year to nearly 8.64 trillion kilowatt-hours, Asia News Network reported.
According to the council, China is expected to come up with more green energy sources in 2023 with non-fossil fuel energy sources, such as wind and solar power, expected to reach around 60% of its total installed electricity generation capacity by the end of 2023.
Newly added non-fossil power generation is expected to account for 90% of the total power consumption increment in China this year while solar power is likely to show a record yearly increase, compared to the around 85 GW of capacity added in 2022, it said.
The estimate is in line with forecasts by the National Energy Administration.
