用电量连破万亿 正在印证制造升级的基本盘

Core Insights - In August, China's total electricity consumption reached 10,154 billion kWh, marking a year-on-year increase of 5.0%, and achieving over 10 trillion kWh for the second consecutive month [1][2][3] Electricity Consumption by Sector - The primary industry consumed 164 billion kWh, up 9.7% year-on-year [1][5] - The secondary industry consumed 5,981 billion kWh, with a year-on-year growth of 5.0% [1][5] - The tertiary industry consumed 2,046 billion kWh, reflecting a year-on-year increase of 7.2% [1][6] - Urban and rural residential electricity consumption was 1,963 billion kWh, growing by 2.4% year-on-year [1] Economic Factors Influencing Electricity Demand - The high electricity consumption is attributed to extreme summer temperatures and a recovering macroeconomic environment, leading to increased capacity utilization across various industries [2][3][4] - Manufacturing electricity consumption rose by 5.5% in August, the highest monthly increase this year, with significant recovery in sectors like steel, building materials, and chemicals [3][5] Growth in High-Tech and Equipment Manufacturing - High-tech and equipment manufacturing sectors showed resilience, with a combined electricity consumption growth of 9.1%, surpassing the average manufacturing growth rate [3][6] - The new energy vehicle manufacturing sector experienced a remarkable growth of 23.0% in electricity consumption from January to August [6] Trends in Service Sector Electricity Consumption - The information transmission, software, and IT services sector saw a 15.8% increase in electricity consumption, driven by advancements in mobile internet and cloud computing [7] - The electric vehicle charging services sector reported a staggering 44.1% growth in electricity consumption [7] Future Outlook - The overall electricity demand is expected to continue growing, influenced by the expansion of high-tech industries and the increasing adoption of electric vehicles [6][7] - The stability of the electricity supply system is becoming a critical concern due to the rising share of renewable energy sources, prompting the government to implement policies to enhance supply stability [7]