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

In 2023, the energy consumption in the production and distribution of electric and heat power in China was recorded at 35.58 million tons of standard coal equivalent. The forecast for 2024 anticipates a rise to 36.56, signifying a growth rate of approximately 2.75% year-on-year. This upward trend continues with projected increases to 37.55 in 2025, 38.53 in 2026, 39.51 in 2027, and 40.47 in 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is expected to be around 3%.

Future trends to watch for include:

• Increased focus on renewable energy sources and their impact on energy consumption patterns.
• Technological advancements in energy efficiency that could alter consumption forecasts.
• Government policies and regulations aiming to achieve sustainability and carbon neutrality goals.