Electricity use picks up on demand
Print Edition
CHINA’S electricity consumption rose at a faster pace in March as economic activity and residential demand picked up, data from the country’s top economic planner showed yesterday.
Power consumption rose 5.6 percent year on year last month, reaching 476.2 billion kilowatt-hours, said Zhao Chenxin, spokesperson for the National Development and Reform Commission, yesterday.
The growth accelerated by 1.6 percentage points from February and improved markedly from a 2.2 percent contraction in March last year.
For the first quarter of 2016, power use surged 3.2 percent year on year to 1.35 trillion kWh, with the growth rate up 2.4 percentage points from the same period of last year, Zhao said.
He attributed the recovery to stronger demand in the service sector and households, which contributed to a gain of 3 percentage points in the first-quarter growth.
Power use by the service sector jumped 10.9 percent year on year in the first three months, up 4 percentage points from a year earlier. That by Chinese households gained 10.8 percent, up 8.2 percentage points.
The financial, real estate, catering and hotel industries all saw faster increases in power consumption, according to Zhao.
Electricity used by the industrial sector picked up 0.2 percent in the first quarter, exiting negative territory but still at a relatively low level of growth, Zhao said.
Oil consumption also signaled a stabilizing economy, with March use of refined oil rising 7.2 percent year on year, improving from January and February.
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