Forecast: Electricity Consumption in Production and Distribution of Electric Power and Heat Power in China

In 2023, China's electricity consumption in the production and distribution of electric and heat power stood at 10.25 hundred billion kilowatthours. From 2024 onwards, the forecasted consumption shows a steady annual increase with a year-on-year percentage rise of approximately 2.9% in 2025, 2.8% in 2026, 2.7% in 2027, and 2.6% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 depicts a consistent upward trend, indicating sustained growth in electricity demand.

Future trends to watch for include:

  • Advancements in renewable energy technologies influencing electricity consumption patterns.
  • Potential policy changes impacting energy production and distribution efficiencies.
  • Global economic conditions affecting industrial energy demand.

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