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China 2015 power consumption growth may shrink to 1pct: CEC

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Publish time: 23rd October, 2015      Source: www.cnchemicals.com
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China’s power consumption growth would shrink from the previous 2% to 1% in 2015, the China Electricity Council (CEC) said on October 20.China consumed a total 456.3 TWh of electricity in September this year, declining 0.2% year on year, the fourth yearly decline this year, following the drop of 6.3%, 2.2% and 1.3% in February, March and July respectively, showed data from the National Bureau of Statistics (NBS).Power consumption by the primary industries, tertiary industries and residential segment all posted year-on-year increase of 2.7%, 7.3% and 4.6%, separately, while that by the secondary industries stood at 312.8 TWh, falling 2.9% on year and down 11.7% from August.The decreased power use was greatly impacted by slack demand and overall supply glut in the secondary industries, with power consumption at building and metallurgical industries down 6.4% and 7.8% over January-September, compared with the growth of 7.3% and 1.8% from a year ago.The decline in these two industries’ power use contributed 1.2 percentage points in the total power use growth across the country.Additionally, the EI Nino-impacted cooler weather also resulted in the consumption slid this year, analysts said.Meanwhile, the average utilization of power generating units across the country dropped 7.24% on year to 2,972 hours over January-September this year. Of this, hydropower plants and thermal power plants contributed 2,639 and 3,247hours, down 3.08% and 7.55% on year, respectively.