Chinese power consumption remained strong in August at 559.1TWh, although was 1.3% m-o-m lower than July’s all -time high at 607.2TWh. Power usage was 6.4% higher y-o-y.
Fall in August’s power usage was caused by lower consumption by the heavy industrial sector, which cooled down slightly after July’s record consumption at 358.6TWh, to 310.2TWh, down 13.5% m-o-m but still was 1% higher y-o-y. On the other hand, electricity usage in the light industrial sector increased to 71TWh, up 0.4% m-o-m and up 8.4% y-o-y.
Power consumption at both primary and tertiary industries increased to 14.8TWh (up 2.1% m-o-m and up 11.7% y-o-y) and 93.1TWh (10.8% m-o-m and up 12.7% y-o-y). Household power usage increased to an all-time level at 102.1TWh in August, up 41% m-o-m and up 16.4% y-o-y. This is mostly due to high air conditioners usage during the unusually warm month.
China consumed 4,157TWh of electricity over the first 8 months of the year, up 6.8% y-o-y. Heavy and light industries consumed 2,379TWh and 491TWh respectively, up 5.9% and 7.2% y-o-y. Primary and tertiary consumption increased to 80.3TWh and 582.4TWh respectively, up 5.8% and 10.4% y-o-y. Household consumption also remained strong at 573.5TWh, up 6.8% y-o-y.