Welcome Customer !
ybzhanCorporate NewsAnalysis and Prediction of the Development Situation of Electric Power in China

It is expected that renewable energy will meet 86% of global electricity demand by 2050

According to the 2050 Global Energy Transition Roadmap released by the International Renewable Energy Agency (IRENA), it is expected that global energy demand will double by 2050, and renewable energy can meet 86% of the world's electricity demand during the same period. From current levels, the additional energy load will mainly be carried by wind and solar installations. In addition, renewable energy will help improve climate change and save the global economy $160 trillion.

Heavy | Analysis of China's Power Development and Reform Situation

According to the 2022 Statistical Bulletin on National Economic and Social Development, preliminary calculations show that China's Gross Domestic Product (GDP) will increase by 3.0% in 2022 compared to the previous year; The economic scale has exceeded 120 trillion yuan, and the per capita GDP has reached 85698 yuan, an increase of 3.0% over the previous year.

In 2022,power industryShowing a stable and progressive development trend. The growth rate of electricity consumption has achieved steady growth, and the structure of electricity consumption continues to be optimized. The production and supply capacity of electricity continues to improve, and by the end of 2022, the installed power generation capacity in China reached 2.56 billion kilowatts, an increase of 7.8% over the previous year. The structure of power installed capacity continues the green and low-carbon transformation, with non fossil energy installed capacity accounting for nearly half, and renewable energy installed capacity historically surpassing coal-fired power installed capacity. In 2022, China's power generation reached 88487.1 billion kilowatt hours, a year-on-year increase of 3.7%, and the annual power generation of new energy exceeded 1 trillion kilowatt hours for the first time. The reform and innovation of the power industry have effectively stimulated the vitality of high-quality development, with a total of approximately 5.25 trillion kilowatt hours of market-oriented trading electricity for the year, and the construction of the auxiliary service market continues to deepen. We will make every effort to ensure the safe and stable supply of electricity, and lay out the construction of a batch of supportive regulating power sources. The accelerated progress of major engineering construction injects lasting momentum into promoting stable and far-reaching economic development.

In 2022, China's electricity consumption will steadily increase. According to the China Electricity Council (hereinafter referred to as "CEC"), in 2022, the total electricity consumption of the society reached 863.72 billion kilowatt hours, a year-on-year increase of 3.6%.

While the electricity consumption of the whole society maintains steady growth, the structure of electricity consumption is increasingly optimized. The proportion of electricity consumption in the secondary industry has slightly contracted, while the proportion of electricity consumption in the primary industry, tertiary industry, and urban and rural residents' daily lives has slightly expanded. With the continuous improvement of rural electricity conditions, the rapid development of high-tech and equipment manufacturing, charging and swapping services, emerging service industries, and the improvement of living standards for urban and rural residents,The electricity consumption structure will further tilt towards the primary, tertiary, and residential sectors.

Latest News