The decline in national power generation in the middle of May was significantly narrowed.
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On the 25th, it was learned from the latest data of the National Electric Power Dispatching Center that in mid-May, the national power generation was down 0.57%, which was significantly narrower than the -3.9% in the first half of the year. The coastal areas performed better than the high-energy-consuming areas.
Analysts believe that this is mainly due to the fact that this working day is one day more than the same period last year and the low base caused by the Sichuan 5.12 earthquake last year. The average daily power generation in the first half of May and the middle of the same period (the same as in 2008) decreased by -2.3% year-on-year, which was narrower than the April-3.6% decline.
On a month-on-month basis, the average daily power generation in mid-May reached 9.591 billion kWh, an increase of about 4% from the previous year's 9.097 billion kWh, the highest point in recent months. In mid-February and late February, this figure was 9.044 billion kWh and 9.477 billion kWh. In March, the middle and late March were 9.37 billion kWh, 9.228 billion kWh, and 9.158 billion kWh respectively. In April, the middle and late April were 91.24 respectively. Billion kWh, 9.138 billion kWh, 9.214 billion kWh.
Judging from the electricity consumption data of each province in mid-May, the decline in high-energy-consuming regions is still large, and there is a slight amplification trend. For example, Liaoning fell by 9.8% year-on-year, Shanxi fell by 17.8%, Inner Mongolia fell by 14.2%, Guizhou fell by 20.4%, Gansu fell by 8.6%, Ningxia fell by 14.9%, and Qinghai fell by 10.3%. However, due to the recovery of steel production capacity, the growth rate of Weinan continued to increase, from 5.2% in the first quarter to 9.1% in the current period.
It is worth noting that the power consumption in the coastal areas has ended negatively and there has been a positive growth trend. East China grew by 1.9% year-on-year. For example, Jiangsu grew by 1.2% year-on-year, Guangdong increased by 5.8%, Zhejiang increased by 2.7%, Shanghai increased by 2.2%, and Fujian increased by 2.4%. Other regions did not change much from the beginning. Sichuan's recovery growth was 30.4%, and the Beijing-Tianjin-Tangshan transition from a 1.8% decline in the first period to a 3% increase. In addition, hydropower growth rate was 22.0% in early May, thermal power reduction was -4.7%, hydropower growth was expanded, and thermal power reduction was narrowed.
Analysts believe that with the increase in steel and electrolytic aluminum production in May, the decline in electricity will narrow the chain and continue to the end of the year, but the overall value is still negative in the first half of the year, and rebounded to positive growth in the second half, with a year-on-year increase of 2.7%.