CEC expects tight supply and demand situation in the second half of the year

    China's electricity supply and demand situation is not optimistic. The report of the CEC pointed out that the overall power supply and demand situation in the country in the second half of the year is expected to be tight. In some regions, there is a period of intermittent power shortage. The annual electricity consumption of the whole society is about 12% higher than the same period of last year; There will be a large upside risk to maintain highs.

    The Xinhua News Agency reported on Friday that the China Southern Power Semi-annual Report pointed out that the tight supply and demand in the second half of the year was affected by structural factors such as unbalanced distribution of newly installed power generation areas, uncoordinated power grid construction, and reduced scale of new thermal power generation.

    “It is predicted that the entire society will use 4.7 trillion kilowatt-hours of electricity in the entire year... During the summer peak period, the nation’s highest electricity load will increase by about 14%,” said the CEC.

    The report also predicts that due to the unbalanced power structure, the gap between supply and demand in East China, North China, Central China and South China will reach 30-40 million kilowatts, while there are still over 20 million kilowatts in the northeast, northwest and western Inner Mongolia. Rich installed capacity.

    It is estimated that the national electricity gap in winter will be around 25-30 million kilowatts, and the northeast, northwest and west of Mengxi are still rich.

    According to the data, China’s total electricity consumption in 2010 was 1,193.3 billion kWh, a year-on-year increase of 14.56%. In the first half of this year, the total electricity consumption of the entire society reached 2,251.5 billion kWh, a year-on-year increase of 12.2%. In addition, the growth rate of electricity consumption in the first half of each month is between 10% and 14%, which is a relatively rapid growth rate.

    The CEC also pointed out that the further rise in coal prices will have a greater impact on power production supply and corporate profits. It is recommended that measures such as increasing the price of electricity at a timely manner, increasing capital injection into power generation companies, and reducing or exempting corporate income tax be adopted to ease the difficulties in the production and operation of coal-fired power plants.

    According to data released earlier by the Federation, from January to May, the thermal power business of the five major power generating groups suffered a loss of RMB 12.16 billion, which represented a loss of RMB 7.86 billion year-on-year; of which, the top five coal-fired power plants in May still suffered a loss of RMB 1.69 billion, and the amount of losses was basically the same as that of the previous month. The rise in coal prices is still the root cause.

    The five largest power generation groups in China are Huaneng Group, Huadian Group, Datang Group, Guodian Group and China Power Investment Group.

    CM Nozzle

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