China’s electricity consumption has slowed China’s annual electricity consumption is 5585
TWh on a Henderson trend basis growing at 2.3% year on year rate in May. Conventional generation (we define as coal + hydro) was flat year on year on a Henderson Trend basis.
Industry dominates consumption with 4000 TWh
Industrial consumption of electricity is down 2.8% year on year on a Henderson trend basis. Despite the domination of industrial overall consumption is up because services are growing 14% and residential 7% year on year terms.
And in an all too frequent pattern these days, China’s gain is Australia’s pain:
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
China’s electricity consumption has slowed China’s annual electricity consumption is 5585
