Chinese power output hit record high in July

Chinese total power generation increased to 604.7TWh in July, up 16.2% m-o-m and up 9.8% y-o-y.  Increase in power output is mainly due to rise in temperatures and in air conditioners usage during the month.  Chinese industrial production also remained strong during in July prompting higher electricity demand. Thermal power generation, which is mostly coal-fired, increased to 433.4TWh, up 16.8% m-o-m and up 11.4% y-o-y.  Hydroelectric generation also increased to 124.6TWh, up 19.3% m-o-m and up 0.7% y-o-y.

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Chinese investment in renewable power will reach $360Bn by 2020. The investment reflects Beijing’s focus on diversification of its energy mix and combating pollution. Power generation from renewable sources such as wind and solar totalled 23.6TWh in July, down 5.6% m-o-m but still was 29.7% higher y-o-y.  Wind generation totalled 18TWh, down 8.6% m-o-m but still was 10.4% higher y-o-y, while solar generation increased to a record high at 5.6TWh, up 5.1% m-o-m and up 68.3% y-o-y.

Nuclear generation increased to 23.1TWh in July, up 16.1% m-o-m and up 16.7% y-o-y.

Chinese total power generation increased to 3,570TWh, up 6.7% y-o-y. Thermal power generation reached 2,658TWh, up 7.8% y-o-y. On the other hand, hydro power generation declined to 585.7TWh, down 3.4% y-o-y.

Electricity generation from wind and solar increased to 35.2TWh and 28.9TWh respectively, up 36.3% and 35.1% y-o-y.

Nuclear generation increased to 138.5TWh over the period, up 18% y-o-y.

Source: NBS

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