Electricity demand set for further uptick

China's electricity demand is projected to maintain steady growth in 2025, with total consumption expected to increase within a range of 4 percent to 6.5 percent, according to a report by the State Grid Energy Research Institute.
The report, titled "China Power Supply and Demand Analysis Report 2025," forecasts total nationwide electricity consumption to reach 10.3 trillion kilowatt-hours in 2025, a 5 percent increase from the previous year.
Power generation capacity is set for rapid expansion this year, projected to reach around 3.99 billion kilowatts by the end of 2025, a 19.2 percent increase from the previous year and maintaining a fast growth momentum, said the research institute.
This year is also expected to see a record amount of newly added power generation capacity, increasing 53.2 percent compared to the new capacity introduced in the previous year, it added.
The surge in new installations will push the share of renewable energy in total installed capacity surpassing 45 percent by the end of 2025, with solar power specifically projected to exceed 30 percent.