Core Viewpoint - The article highlights the achievements of the State Grid Corporation during the "14th Five-Year Plan" period, emphasizing its role in high-quality development and its contributions to China's modernization efforts through advancements in power grid infrastructure and technology [2][12]. Group 1: Infrastructure Development - The coverage rate of the large power grid has significantly improved, with the installed capacity of wind and solar power ranking first in the world, and the scale of ultra-high voltage transmission networks being the largest globally [2][3]. - The cross-provincial and cross-regional transmission capacity has increased by 30% compared to the end of the "13th Five-Year Plan," with a maximum power transmission capacity exceeding 225 million kilowatts, equivalent to the capacity of 10 Three Gorges power stations [3][4]. Group 2: Market Transactions and Reliability - In the first half of the year, the market-oriented electricity trading volume reached 24,550 billion kilowatt-hours, accounting for 75.3% of the total trading volume, indicating a robust development of cross-provincial electricity trading [4]. - By the end of June 2025, the comprehensive power supply reliability rate is expected to reach 99.950%, an increase of 0.089 percentage points from the end of the "13th Five-Year Plan" [5]. Group 3: Renewable Energy Integration - The installed capacity of wind and solar power connected to the grid has tripled to 1.34 billion kilowatts compared to 450 million kilowatts at the end of the "13th Five-Year Plan," making renewable energy the largest power source in the operating area [7][8]. - The State Grid has successfully tackled challenges related to integrating a high proportion of renewable energy into the grid, establishing a large-scale renewable energy grid operation control system [7][10]. Group 4: Technological Innovation - Research and development investment has increased by 21% compared to the "13th Five-Year Plan," with significant technological advancements including the world's first controllable converter technology and the development of ultra-high voltage direct current control protection equipment [9][10]. - The "Light Power Big Model," an AI-driven decision-making tool, has improved operational efficiency, reducing decision-making time from 30 minutes to one minute [11][12]. Group 5: Future Outlook - Looking ahead to the "15th Five-Year Plan," the State Grid aims to continue supporting high-quality development in the energy sector, focusing on the construction of the power grid and the integration of renewable energy [12].

Group 1 - In July, China's electricity consumption exceeded 1 trillion kilowatt-hours for the first time, marking an 8.6% year-on-year increase, which is unprecedented globally [1] - The total installed power generation capacity in China reached 3.67 billion kilowatts by the end of July, a year-on-year increase of 18.2%, equivalent to the capacity of over 160 Three Gorges power stations [2] - Renewable energy generation increased by 15.6% in the first half of the year, with one-third of the total electricity consumption now coming from green energy sources [3] Group 2 - The electricity supply remained stable this summer due to the orderly commissioning of various power sources, including the largest thermal power plant and significant wind and hydropower projects [2][4] - The optimization of the power grid and the completion of over 160 key projects ensured reliable electricity delivery, with cross-regional power trading mechanisms enhancing supply security [5][6] - New energy storage systems have seen a nearly 30-fold increase in installed capacity over five years, providing flexibility in managing electricity supply and demand [7] Group 3 - Demand-side resources are being activated, with initiatives like residential energy-saving programs and virtual power plants helping to alleviate peak load pressures [8] - The future of China's power system aims to be clean, low-carbon, safe, and efficient, contributing to economic vitality and improved quality of life [9]

Core Insights - The article highlights the significant increase in electricity consumption in China over the past decade, reflecting both the country's economic growth and the transformation of the global energy landscape [2][5][34] Electricity Consumption Growth - In 2024, China's total electricity consumption is projected to reach 98,521 billion kilowatt-hours, marking a 6.8% year-on-year increase, with a peak of 10,226 billion kilowatt-hours in July [5][34] - The electricity index for all industries is expected to grow by 29.5% from 2020, with an average annual growth rate of 6.7% [5][7] Sectoral Electricity Usage Primary Industry - The primary industry is expected to consume 170 billion kilowatt-hours in 2024, a 20.2% increase year-on-year, driven by smart agriculture and related technologies [9][10] Secondary Industry - The secondary industry accounts for nearly 60% of total electricity consumption, with 593.6 billion kilowatt-hours in 2024. High-tech and equipment manufacturing lead the growth, with new energy vehicle manufacturing increasing by 25.7% [10][12] Tertiary Industry - The tertiary industry is projected to consume 2,081 billion kilowatt-hours, a 10.7% increase, with internet services and charging services growing by 28.2% and 42.6%, respectively [12][14] Residential Consumption - In July 2024, residential electricity consumption surged by over 30% in several provinces, reaching 2,039 billion kilowatt-hours, a year-on-year increase of 18% [14][15] Power Supply and Infrastructure - China's power grid demonstrated resilience during peak demand periods, with a maximum cross-regional transmission capacity of 142 million kilowatts, equivalent to half of the Three Gorges Dam's output [14][18] - By mid-2024, the total installed renewable energy capacity is expected to reach 2.159 billion kilowatts, accounting for 59.2% of total capacity, surpassing coal power for the first time [25][27] Technological Advancements - The State Grid's real-time monitoring system allows for rapid load forecasting and management, achieving a "zero blackout" status even during peak loads exceeding 1.5 billion kilowatts [24][34] - The implementation of time-of-use pricing in regions like Zhejiang and Sichuan has successfully reduced peak demand by 1 million kilowatts [24] Conclusion - The article concludes that the dramatic increase in electricity consumption not only reflects the aspirations of 1.4 billion people for a better life but also positions China as a leader in the global renewable energy market, with significant contributions to solar and wind energy [34][35]

Core Viewpoint - The "Ningdian into Hunan" project is a key initiative in China's 14th Five-Year Plan for power development, accelerating the construction of UHV projects and promoting green energy development in the country [1][5]. Group 1: UHV Project Development - Since the beginning of the 14th Five-Year Plan, significant UHV projects such as "Longdian into Shandong" and "Xinjiang into Chongqing" have been put into operation, with the "Ningdian into Hunan" project recently commencing power transmission [1]. - The State Grid has completed and put into operation over 41 UHV projects, with a total transmission capacity exceeding 350 million kilowatts, representing a 30% increase from 270 million kilowatts at the end of the 13th Five-Year Plan [1][3]. Group 2: Investment and Infrastructure - During the 14th Five-Year Plan period, total investment in UHV projects in China has exceeded 380 billion yuan, with 19 UHV projects under construction [5]. - The total length of UHV projects in China has surpassed 50,000 kilometers, equivalent to more than one lap around the Earth's equator [5]. Group 3: Clean Energy Integration - A notable trend in China's UHV construction is the establishment of UHV projects originating from clean energy bases in regions such as Southwest and Shale Gas areas, with over 60% of UHV projects connected to clean energy sources [3]. - The scale of renewable energy connected to operational UHV projects has exceeded 1.3 billion kilowatts [3].