The ongoing power crisis in China provides key lessons for sector reforms to overhaul the electricity system, build a new grid based on renewables and decarbonization, and ensure stable energy transition amid shifting priorities, Chinese experts said at the launch event of International Energy Agency’s report on a carbon neutrality roadmap for the country’s energy .
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China s electricity consumption, a key barometer of economic activity, is expected to grow by about 3 percent year on year in 2020, according to an estimate from the State Grid Energy Research Institute.
In the fourth quarter, China s electricity consumption is forecast to grow by about 8 percent, the institute said.
Due to the impact caused by COVID-19, China s power use in the first quarter fell by 6.5 percent year on year. As the country managed to contain the spread of the virus and economic activities picked up, its power use has rebounded since April. In August, the growth of power use reached 7.7 percent year on year.
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China s electricity consumption, a key barometer of economic activity, is expected to grow by about 3 percent year on year in 2020, according to an estimate from the State Grid Energy Research Institute.
In the fourth quarter, China s electricity consumption is forecast to grow by about 8 percent, the institute said.
Due to the impact caused by COVID-19, China s power use in the first quarter fell by 6.5 percent year on year. As the country managed to contain the spread of the virus and economic activities picked up, its power use has rebounded since April. In August, the growth of power use reached 7.7 percent year on year.