Electricity use eases on weak economy
Print Edition
THE growth of China’s total power use slowed in the first quarter, the latest sign of feeble economic momentum amid downward pressure.
The national electricity consumption grew 0.8 percent year on year to 1.29 trillion kilowatt-hours in the period after a weak February and March due to holiday distortion, data from the National Energy Administration showed yesterday.
The growth rate was 4.6 percentage points below that a year ago, data showed.
Industrial power use dipped 0.6 percent, while the combined electricity consumption of agriculture, forestry, animal husbandry and fishery fell 1.9 percent.
However, power use by the tertiary industry remained robust as the country nurtures new growth areas. The service sector consumed 7 percent more power from a year ago in the first quarter and power use for residential purposes rose 2.6 percent.
The country’s total power consumption dropped 2.2 percent in March, following a 6.3 percent fall in February, data showed.
The figures were in line with the current overall economic trend which usually experiences a rocky year start.
China’s economy grew 7 percent year on year in the first quarter, down from 7.3 percent in the last quarter 2014. The growth marked the lowest quarterly rate since 2009 but met the “around 7 percent” target for this year.
In the quarter, newly installed power generation capacity totaled 18.07 million kilowatts, mostly thermal (9.94 million KW).
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