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.