According to the latest statistics released by the China Electricity Council, 264.501 billion kilowatt hours of electricity have been produced in China this October, down 4% year-on-year. The growth rate declined 17.9% from the same period last year. Reporters collected the information from the China Electric Power Industry Development Trend Seminar recently held in Beijing.
The nation's power supply and demand continued to maintain an overall balance during the first half of the year. The power demand slightly dropped from the previous peak, leading to decreases in both power production and consumption.
Affected by many influences including the global economic downturn and China's economic growth slowdown, China's power industry registered losses during the first three quarters of the year. Even the hiking of electricity price twice after July could not make up for the losses incurred by power enterprises. Special attention should be paid to the fact that, affected by the global financial crisis, China's enterprises reported under-capacity operation, production suspension or even closure, resulting in a drastic reduction in industrial power consumption.
By People's Daily Online