Core Insights - The report from the China Electricity Council indicates that electricity consumption in July and August exceeded 1 trillion kilowatt-hours, setting a historical record [1] - The total electricity consumption for the first three quarters reached 7.77 trillion kilowatt-hours, reflecting a year-on-year growth of 4.6% [1] - The installed power generation capacity as of the end of September was 3.72 billion kilowatts, marking a year-on-year increase of 17.5%, with non-fossil energy sources accounting for 60.8% of the total capacity [1] Electricity Consumption Forecast - The fourth quarter is expected to see a higher growth rate in electricity consumption compared to the third quarter, with an annual total projected at approximately 10.4 trillion kilowatt-hours, representing a year-on-year growth of around 5% [1] - The total new power generation capacity for the year is anticipated to exceed 500 million kilowatts, setting a new historical high, with wind and solar capacity expected to surpass 1.8 billion kilowatts [1] Future Projections - By the end of 2025, the total installed power generation capacity is projected to reach about 3.9 billion kilowatts, reflecting a year-on-year growth of 16.5% [1] - During the peak winter demand period in 2025, the overall electricity supply and demand is expected to be balanced, although certain regions, particularly in North and East China, may experience tighter supply-demand conditions during peak hours [1]

Core Insights - The report from the China Electricity Council indicates significant progress in the green and low-carbon transition of the electricity industry, with a total investment of 227.8 billion yuan in the first quarter of 2025, representing a year-on-year increase of 7.4% [1] Investment and Capacity - In the first quarter, the total installed power generation capacity reached 3.43 billion kilowatts, marking a year-on-year growth of 14.6% [1] - Investment in the power sector is showing a strong upward trend, with grid investment reaching 95.6 billion yuan, up 24.8% year-on-year, and equipment investment within this category growing by 59.5% [5] Renewable Energy Growth - Wind and solar power combined accounted for nearly 90% of new installed capacity, with a total of 74.33 million kilowatts added, representing 86.7% of the total new power generation capacity [2] - The installed capacity of non-fossil energy sources has surpassed 2 billion kilowatts, with coal power's share of total installed capacity dropping below 50% in all provinces [3] Generation and Utilization - The share of wind and solar power generation has exceeded 20% of total electricity generation, while thermal power generation from large-scale plants decreased by 4.7% year-on-year [3] - Utilization hours for hydropower and nuclear power generation equipment have increased, while other types of generation equipment saw a decline in utilization hours [3] Transmission and Distribution - Cross-regional and cross-provincial electricity transmission has seen rapid growth, with a total of 213.2 billion kilowatt-hours transmitted in the first quarter, a year-on-year increase of 12.3% [4]