Core Insights - The total electricity consumption in China reached 10,226 billion kWh in July, marking a year-on-year growth of 8.6%, and the cumulative electricity consumption for the first seven months increased by 4.5% [1][5] Group 1: Industrial Sector - The transition from old to new energy sources in the industrial sector is accelerating, with high-tech and equipment manufacturing industries showing a higher growth rate in electricity consumption compared to the four major high-energy-consuming industries (chemicals, building materials, steel, and non-ferrous metals) [1][2] - In July, the electricity consumption of the secondary industry was 5,936 billion kWh, reflecting a year-on-year increase of 4.7%, which is 1.5 percentage points higher than June, indicating a steady improvement in industrial production [1] Group 2: Digital Economy - The electricity consumption of the tertiary industry grew by 7.8% in the first seven months, with the internet and related services sector experiencing a remarkable increase of 28.2% [3] - The rapid development of technologies such as big data, cloud computing, and artificial intelligence has made the digital economy a key variable driving the surge in electricity demand [3] Group 3: Energy Supply Structure - The energy supply structure is undergoing a transformation, with the average temperature in July reaching a historical high since 1961, leading to an 18.0% year-on-year increase in residential electricity consumption [4] - The country effectively managed a historical peak electricity load of 15.08 million kW without implementing orderly electricity consumption measures, showcasing improved energy security capabilities [4] - The installed capacity of renewable energy sources has surpassed that of thermal power, with non-fossil energy accounting for over 60% of the total installed capacity, indicating a significant acceleration in the green energy transition [4] Group 4: Overall Outlook - The historic milestone of surpassing 10 trillion kWh in monthly electricity consumption not only reflects the ability to respond to extreme weather but also illustrates the ongoing industrial upgrade and green transition [5] - The growth of emerging industries is expected to unleash greater potential for the Chinese economy in the future [5]

Core Insights - The National Electric Power Consumption Index (CNECI) for July 2025 indicates a significant increase in electricity consumption across various sectors, with an overall index of 139.9, reflecting a 39.9% growth compared to the 2020 baseline [1] Group 1: Overall Electricity Consumption - The national electricity consumption index for all industries reached 139.9, representing a 39.9% increase from the 2020 baseline, with an average annual growth rate of 6.9% and a year-on-year growth of 6.5%, which is 1.9 percentage points higher than the previous month [1] Group 2: Sector-Specific Electricity Consumption - The agriculture, forestry, animal husbandry, and fishery sector's electricity consumption index was 188.8, showing an 88.8% increase from the 2020 baseline, with an average annual growth of 13.6% and a year-on-year growth of 20.2% [2] - The manufacturing sector's electricity consumption index was 134.4, indicating a 34.4% increase from the 2020 baseline, with an average annual growth of 6.1% and a year-on-year growth of 3.1%, which is 1.0 percentage points higher than the previous month [2] - The service sector's electricity consumption index was 166.1, reflecting a 66.1% increase from the 2020 baseline, with an average annual growth of 10.7% and a year-on-year growth of 10.7%, which is 1.7 percentage points higher than the previous month [2] Group 3: High-Energy and High-Tech Industries - The four major high-energy-consuming industries had an electricity consumption index of 124.6, representing a 24.6% increase from the 2020 baseline, with an average annual growth of 4.5% and a year-on-year growth of 0.5%, which is 1.2 percentage points higher than the previous month [2] - The high-tech and equipment manufacturing sector's electricity consumption index was 154.5, showing a 54.5% increase from the 2020 baseline, with an average annual growth of 9.1% and a year-on-year growth of 7.3%, which is 1.4 percentage points higher than the previous month [2] - The information transmission, software, and IT services sector's electricity consumption index was 173.9, indicating a 73.9% increase from the 2020 baseline, with an average annual growth of 11.7% and a year-on-year growth of 18.9% [3] Group 4: Emerging Sectors - The charging and swapping service sector's electricity consumption index was 1039.1, reflecting a remarkable 939.1% increase from the 2020 baseline, with an average annual growth of 59.7% and a year-on-year growth of 43.6%, driven by the rapid development of electric vehicles [3]

Core Viewpoint - The article highlights the significant increase in electricity consumption in China, indicating robust economic growth and the emergence of new industries, particularly in high-tech and renewable sectors [2][4][5]. Group 1: Electricity Consumption Data - In July, China's total electricity consumption reached 10,226 billion kilowatt-hours, marking an 8.6% year-on-year increase, and the first time it surpassed the trillion-kilowatt-hour mark in a month [2]. - The average temperature in July was the highest since 1961, contributing to record electricity loads and a 18.0% increase in residential electricity consumption, which totaled 2,039 billion kilowatt-hours [2]. - From January to July, the second industry's electricity consumption was 37,400 billion kilowatt-hours, with a year-on-year growth of 2.8%, and July alone saw a 4.7% increase [2]. Group 2: Sector-Specific Growth - The high-tech and equipment manufacturing sectors saw a 4.6% increase in electricity consumption from January to July, outpacing the average growth of the manufacturing sector by 2.3 percentage points [3]. - The new energy vehicle manufacturing sector experienced a remarkable 25.7% increase in electricity consumption [3]. - The third industry's electricity consumption reached 11,300 billion kilowatt-hours from January to July, with a 7.8% year-on-year increase, and July's consumption grew by 10.7% [4]. Group 3: Future Projections - The China Electricity Council anticipates that electricity consumption growth in the second half of the year will exceed that of the first half, projecting a 5% to 6% increase in total electricity consumption by 2025 [4][5]. - By 2030, total electricity consumption is expected to exceed 13,000 billion kilowatt-hours, driven by the growth of new industries such as computing infrastructure and hydrogen production [5].

Group 1 - The core viewpoint is that electricity consumption in China is growing at a rate higher than GDP growth, with an electricity elasticity coefficient around 1.2, indicating a strong relationship between electricity consumption and economic growth [1] - From 2018 to 2024, the electricity consumption growth rate in high-tech and equipment manufacturing industries is significantly higher than the average level of the manufacturing industry, with an annual growth rate of 8.0%, driven by the expansion of high-end manufacturing sectors [1] - The rapid expansion of high-end manufacturing, including new energy equipment, new energy vehicles, semiconductors, and advanced materials, is creating a new driving force for electricity consumption [1] Group 2 - From 2018 to 2024, the electricity consumption in the internet and related data services industry is growing at an annual rate of 19.2%, highlighting the rapid development of the digital economy [2] - The digital economy, represented by the internet, big data, cloud computing, and artificial intelligence, is becoming a significant driver of growth in the tertiary industry, with data centers and computing centers requiring substantial electricity [2] Group 3 - The electricity consumption in the charging and swapping service industry is growing at an annual rate of 74.3% from 2018 to 2024, which in turn drives an 11.8% annual growth in the wholesale and retail industry [3] - The growth in electricity consumption in the charging and swapping services is attributed to the increasing ownership of new energy vehicles, which is also accelerating the development of related service industries [3] - The ongoing push for carbon peak and carbon neutrality is leading to a gradual reduction in energy consumption per unit of GDP, with a cumulative decrease of 11.6% in energy intensity over the first four years of the 14th Five-Year Plan [3]

Core Viewpoint - The data released by the National Energy Administration indicates a steady growth in electricity consumption across various sectors in May, with an overall year-on-year increase of 4.4% in total electricity consumption [1] Group 1: Electricity Consumption Overview - In May, total electricity consumption reached 809.6 billion kWh, marking a year-on-year increase of 4.4% [1] - The first industry consumed 11.9 billion kWh, with a growth rate of 8.4% year-on-year [1] - The second industry consumed 541.4 billion kWh, showing a year-on-year growth of 2.1% [1] - The third industry consumed 155 billion kWh, with a year-on-year increase of 9.4% [1] - Urban and rural residents' electricity consumption was 101.3 billion kWh, reflecting a year-on-year growth of 9.6% [1] Group 2: Cumulative Electricity Consumption - In the first five months, total electricity consumption accumulated to 3,966.5 billion kWh, with a year-on-year increase of 3.4% [1] - The first industry consumed 54.3 billion kWh, with a year-on-year growth of 9.6% [1] - The second industry consumed 2,591.4 billion kWh, showing a year-on-year growth of 2.2% [1] - The third industry consumed 740.6 billion kWh, with a year-on-year increase of 6.8% [1] - Urban and rural residents' electricity consumption reached 580.2 billion kWh, reflecting a year-on-year growth of 3.7% [1] Group 3: Sector-Specific Insights - The growth rate of total electricity consumption in the first five months improved by 0.3 percentage points compared to the first four months [1] - The first industry, particularly agriculture and animal husbandry, maintained rapid growth, with year-on-year increases of 15.5% and 7.2% respectively [1] - The second industry continued to grow, with high-tech and equipment manufacturing sectors leading in electricity consumption growth [1] - The third industry experienced rapid growth, particularly in new business models such as charging and battery swapping services [1] - Urban and rural residents' electricity consumption growth continued to show a recovery trend [1]