TYN(SZ:000591) Mei Ri Jing Ji Xin Wen·2026-02-02 16:30Core Insights - The China Electricity Council (CEC) predicts that by 2026, the national electricity consumption will reach between 10.9 trillion to 11 trillion kilowatt-hours, representing a year-on-year growth of 5% to 6% [1] - By the end of 2026, the installed capacity of solar power is expected to surpass that of coal power for the first time, with the combined installed capacity of wind and solar power reaching half of the total installed capacity [1] Group 1: Electricity Consumption - In 2025, China's total electricity consumption surpassed 10 trillion kilowatt-hours for the first time, reaching 10.4 trillion kilowatt-hours, a 5% year-on-year increase and approximately double that of ten years ago [2] - High-end manufacturing has emerged as a new growth point for electricity consumption, with the internet-related services and charging industries experiencing year-on-year growth rates exceeding 30% and 50%, respectively [2] Group 2: Supply Side Developments - By the end of 2025, the total installed power generation capacity in China is expected to reach 3.89 billion kilowatts, with non-fossil energy sources accounting for 61.7% of the total installed capacity [2] - A total of 46 ultra-high voltage projects have been completed, enhancing cross-provincial and cross-regional transmission capacity to over 370 million kilowatts [2] Group 3: Technological and Governance Innovations - The pace of technological innovation in the electricity sector is accelerating, with advancements in renewable energy, advanced nuclear power, large-capacity hydropower, and clean coal technologies being internationally leading [3] - The establishment of a national unified electricity market is progressing, with improvements in market systems for medium- and long-term trading, spot trading, auxiliary services, and green electricity certificates [3]