In 2023, thermal power electricity generation in China stood at 58.8 hundred billion kilowatthours. For 2024, the forecast is set at 60.54, marking an increase of 2.97%. By 2025, it is projected to grow by 2.91% to 62.3, followed by a 2.79% increase to 64.04 in 2026. The upward trend continues with a 2.69% rise to 65.76 in 2027 and a 2.58% increase to 67.46 in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is estimated at approximately 2.79%.
Future trends to watch for include:
- China's policies and regulations on energy efficiency and environmental protection.
- Technological advancements in thermal power generation to enhance efficiency and reduce emissions.
- The competition and integration of renewable energy sources into the national grid.
- Economic factors and industrial demand impacting overall electricity consumption.