Compared with the sharp decline in electricity consumption in the whole society in the first quarter, the second quarter data showed some signs of stabilization, but the growth rate of industrial electricity consumption, which accounted for 70% of the total electricity consumption in the whole society, still showed a significant decline. According to data released by the National Energy Administration yesterday, from January to May, the total electricity consumption of the whole society was 196.1 billion kWh, a year-on-year increase of 5.8%. In terms of classification, the primary industry's electricity consumption was 3.5 billion kWh, down 3.5%; the secondary industry was 144.6 billion kWh, up 3.8%; the tertiary industry was 222.3 billion kWh, up 12.4%; urban and rural residents living was 261 billion kWh, The increase was 14.2%. Among them, in May, the total electricity consumption of the whole society was 406.1 billion kWh, a year-on-year increase of 5.2%. Authorities in the power industry said in an interview: "In terms of industrial power consumption growth of 3.8%, it is significantly lower than the growth rate of 11.7% year-on-year in the same period of last year, and the growth rate has dropped by 7.9 percentage points, which is a sharp fall." There are fewer “light spots†in the industrial sector. Only industries such as telecommunications and home appliances are better. The industries such as steel and mining are obviously not good, highlighting the downward trend of the economy. At present, the growth rate has dropped month by month, and there is no turning point in electricity consumption. In addition, from January to May, the cumulative average utilization hours of power generation equipment nationwide was 1,853 hours, a decrease of 71 hours compared with the same period last year. Among them, the hydropower equipment was 1063 hours, which was reduced by 8 hours. The industry also believes that the reduction in demand for electricity this year will put pressure on the price of thermal coal. If coal prices continue to remain low, the contracted coal cash rate of thermal power plants will increase, which will bring opportunities for thermal power.
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