中电联：预计全年全社会用电量增长5%左右 迎峰度冬电力供需总体平衡

Core Insights - The report from the China Electricity Council predicts a 5% year-on-year growth in national electricity consumption for 2025, with an increase in electricity demand expected in Q4 compared to Q3 [1][2] - The total electricity consumption for 2025 is estimated to reach approximately 10.4 trillion kilowatt-hours [1] - The report anticipates a record high of over 500 million kilowatts in new power generation capacity for 2025, with wind and solar power installations expected to exceed 1.8 billion kilowatts [1] Electricity Demand Forecast - The report indicates that the growth rate of electricity consumption in Q4 will be higher than in Q3 due to a low base effect from the previous year [1] - The overall economic stability and growth are expected to support the increase in electricity consumption [1] Electricity Supply Forecast - The total installed power generation capacity is projected to reach around 3.9 billion kilowatts by the end of 2025, representing a year-on-year increase of 16.5% [1] - Wind and solar power installations are expected to account for approximately 46.5% of the total installed capacity by 2025 [1] - The report also highlights that coal-fired power generation will remain significant, with approximately 1.55 billion kilowatts of coal power capacity [1] Winter Peak Demand Analysis - The report forecasts a balanced electricity supply and demand during the winter peak season in 2025, with localized tightness expected in regions such as North and East China [2] - The current coal supply and demand situation is deemed stable, providing a solid foundation for winter supply [2]