China's power consumption in March 2024 increased by 7.4% year-over-year to 794.2 billion kWh, contributing to a first-quarter total of approximately 2.34 trillion kWh, marking a 9.8% rise from the previous year. This growth in electricity usage is seen as a significant indicator of economic activity. The National Energy Administration highlighted these figures, noting the discrepancy between the reported electricity generation of 748 twh and consumption, suggesting unaccounted sources such as distributed generation including rooftop solar. Additionally, China's production metrics for March showed varied trends across different materials: zinc production increased by 3.5% to 651,000 metric tons, lead output decreased by 4% to 715,000 metric tons, refined copper output rose by 7.9% to 1.15 million metric tons, crude iron ore production surged by 14.5% to 98.15 million metric tons, and alumina production slightly increased by 0.5% to 6.78 million metric tons.
CHINA'S MARCH ALUMINA PRODUCTION REACHES 6.78 MILLION METRIC TONS, UP 0.5% YEAR-ON-YEAR - STATS BUREAU
CHINA SEES 7.9% YEAR ON YEAR INCREASE IN MARCH REFINED COPPER OUTPUT AT 1.15 MILLION METRIC TONS: STATS BUREAU
CHINA'S ZINC PRODUCTION IN MARCH INCREASES BY 3.5% YEAR ON YEAR TO 651,000 METRIC TONS: STATS BUREAU
CHINA SEES 4.0% YEAR ON YEAR DECREASE IN MARCH LEAD OUTPUT AT 715,000 METRIC TONS: STATS BUREAU
CHINA MARCH CRUDE IRON ORE OUTPUT +14.5% Y/Y AT 98.15 MLN METRIC TONS - STATS BUREAU
CHINA'S MARCH PRODUCTION OF CRUDE IRON ORE ROSE BY 14.5% YEAR ON YEAR TO 98.15 MILLION METRIC TONS: STATS BUREAU
China's #electricity consumption, a key barometer of economic activity, exceeded 2.33 trillion kWh in the first quarter of 2024, up 9.8% YoY, the National Energy Administration said Wednesday. In March alone, the country's power use expanded 7.4% YoY to 794.2 billion kWh. https://t.co/dSn7KBt90a
Weird power stats out of China in March. Electricity generation was up 2.8% to 748 twh But electricity consumption was up 7.4% to 794 twh Generation data doesn't capture distributed generation, so it always misses rooftop solar, but that is a LOT of rooftop solar to miss ...
⚡ China's March power consumption rises 7.4% y/y to 794.2 billion kWh; Jan.-Mar. power consumption grows 9.8% y/y to 2.34 trillion kWh. Source: National Energy Administration 🇨🇳#China #coal