Core Insights - The average power outage time for urban and rural users in China has decreased significantly compared to 2020, with urban areas seeing a 28% reduction and rural areas a 44% reduction [1] - Major cities in regions like Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta have average outage times below 1 hour, with some core areas experiencing outages measured in minutes, reaching levels comparable to advanced cities globally [1] Investment in Power Infrastructure - Chinese power companies have increased their investment year-on-year, with total investments from 2020 to 2023 amounting to 1,018.9 billion, 1,078.6 billion, 1,247.0 billion, and 1,550.2 billion RMB respectively, reflecting growth rates of 22.8%, 5.9%, 15.6%, and 24.7% [1] - These investments are directed towards building ultra-high voltage and conventional transmission channels, optimizing grid structures, upgrading distribution networks, and advancing smart grid construction [1] Improvement in Power Supply Reliability - The reduction in power outages is attributed to enhanced grid infrastructure and the implementation of self-healing technology in distribution networks, which allows for rapid restoration of power after faults [2] - The "no-sense self-healing" technology developed by Guangdong Power Grid enables quick takeover of power supply within 1 millisecond after a fault, significantly improving recovery times and user experience [2] Summer Power Supply Outlook - The summer months from June to September are critical for the power sector in China, with expectations of high temperatures and potential power supply challenges in certain regions [3] - The National Energy Administration anticipates overall power supply security but warns of possible tight supply during peak periods, implementing measures to enhance monitoring, optimize inter-provincial power sharing, and improve demand-side response [3]