China's power use up 4.5% in 2019

Time:2020-02-03 11:20:14      Source:China.org.cn

China's electricity consumption, a key barometer of economic activity, rose 4.5 percent year on year in 2019, the country's top economic planner has said.

The growth rate was nearly half down from the 8.5-percent growth in the previous year.

Specifically, power use by first and secondary industries increased 4.5 percent and 3.1 percent, respectively, said Meng Wei, a spokesperson with the National Development and Reform Commission (NDRC).

The tertiary industry maintained its faster year-on-year growth at 9.5 percent, according to Meng, while residential power consumption increased 5.7 percent from a year ago.

"China continued its efforts in 2019 to lower power use costs," said Meng. The annual electricity consumption cost for enterprises was reduced by 84.6 billion yuan (about 12.28 billion U.S. dollars) in 2019, NDRC data showed.

The country also lowered the transportation prices of refined oil, natural gas and trans-provincial pipelines by adjusting the value-added tax rate, reducing users' costs by more than 65 billion yuan throughout the year.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
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