China’s electricity consumption set to surge by 6.5% in 2024 

Reports say China’s rising electricity demand will pressure the nation’s power sector. The research report by State Grid Corp. of China said power supply and demand will be tight during local peak hours. 

Electricity consumption is expected to reach 9.8 trillion kWh this year, a 6.5% increase from 2023. The report forecasts, “By the end of 2024, the national installed capacity will reach 3.32 billion kW, of which new energy installed capacity will account for more than 40%, and solar energy installed capacity will account for more than a quarter.”