From January to June, the power generation capacity of power plants above Designated Size in China was 3194.5 billion kwh, an increase of 8.30% year on year, and the growth rate was 2.0 percentage points higher than that of the same period last year. Among them: the thermal power generation capacity of power plants above Designated Size nationwide is 2388.7 billion kwh, up 8.0% year-on-year, and the growth rate is 0.9 percentage points higher than that of the same period last year; the hydropower generation capacity is 461.8 billion kwh, up 2.90% year-on-year, and the growth rate is 7.1 percentage points higher than that of the same period last year.
From January to June, the cumulative average utilization hours of power generation equipment in China were 1858 hours, an increase of 68 hours over the same period of last year. From January to June, the newly increased power generation capacity of the national infrastructure construction was 52.11 million kilowatts, 1.55 million kilowatts more than that of the same period last year. The new generation capacity increased year on year. Electricity consumption: from January to June of the same period last year, the electricity consumption of the whole society in China was 3229.1 billion kwh, up 9.4% year on year, and the growth rate was 3.1 percentage points higher than that of the same period last year.
From January to June, the power consumption of the primary industry was 32.8 billion kwh, up 10.3% year-on-year, accounting for 1.1% of the total social power consumption; the power consumption of the secondary industry was 2233.6 billion kwh, up 7.6% year-on-year, accounting for 69.2% of the total social power consumption, contributing to the growth of the total social power consumption 56.5%; the power consumption of the tertiary industry is 507.1 billion kwh, a year-on-year increase of 14.7%, accounting for 15.7% of the total social power consumption and 23.4% of the total social power consumption; the domestic power consumption of urban and rural residents is 455.5 billion kwh, a year-on-year increase of 13.2%, accounting for 14.1% of the total social power consumption and 19.0% of the total social power consumption. Recently, the national development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly issued the notice on further improving the trading mechanism by actively promoting electricity market trading.
The notice clearly requires to improve the scale of market-oriented trading electricity, speed up the development of electricity consumption plan, promote various forms of power supply and eligible users to participate in the transaction, and fully open the power generation and consumption plan for four industries of coal, steel, nonferrous metals and building materials in 2018. We will improve the electricity price adjustment mechanism for medium and long-term contract transactions, and encourage both parties to agree in the contract to establish a market price formation mechanism in various forms, such as "benchmark electricity price + floating mechanism", linkage with coal price, product price or adjustment with other factors. Industry rating: maintain the "neutral" industry investment rating. At present, thermal power accounts for more than 70% of the total power generation. Considering the high price of coal, therefore, maintain the "neutral" rating of the power industry. We can pay attention to the progress of electric power reform, the companies that increase profit and improve the utilization hours of thermal power, and the companies that benefit from the peak season of hydropower.
1、 Power industry trends from January to June 2018
1.1 power generation: year on year increase
From January to June, the power generation capacity of power plants above Designated Size in China was 3194.5 billion kwh, an increase of 8.30% year on year, and the growth rate was 2.0 percentage points higher than that of the same period last year.
Figure 1 data source of cumulative power generation and cumulative year-on-year in China: CEC
By the end of June, the installed capacity of power plants of 6000 kW and above in China had reached 1.73 billion kw, an increase of 6.2% year on year, and the growth rate was 0.7 percentage points lower than that of the same period last year. Among them, 300 million kilowatts of hydropower, 11.1 billion kilowatts of thermal power, 36.94 million kilowatts of nuclear power and 170 million kilowatts of grid connected wind power. From January to June, the thermal power generation capacity of power plants above Designated Size nationwide reached 2388.7 billion kwh, an increase of 8.0% year on year, and the growth rate was 0.9 percentage points higher than that of the same period last year. In terms of provinces, except Qinghai (- 14.5%), Shandong (- 4.0%) and Tibet (- 7.6%), the thermal power generation capacity of other provinces in China has achieved positive growth. Among them, Yunnan (52.4%) and Fujian (50.3%) account for more than 50%, Hunan (29.8%), Guangxi (29.3%) and Chongqing (22.0%) account for more than 20%; Sichuan (18.2%), Gansu (5.9%), Guangdong (14.9%), Hubei (13.4%), Inner Mongolia (13.3%), Jiangxi (13.2%), Hainan (13.2%), Ningxia (12.8%) account for more than 10% Heilongjiang (12.3%) and Jilin (10.5%).
Figure 2 cumulative thermal power generation and cumulative year-on-year
From January to June, the hydropower generation capacity of power plants above Designated Size nationwide reached 461.8 billion kwh, a year-on-year increase of 2.90%, and the growth rate was 7.1 percentage points higher than that of the same period last year. Sichuan (120 billion KWH), Yunnan (90 billion KWH) and Hubei (62.6 billion KWH) are the top three provinces in terms of hydropower generation in China, with the total hydropower generation accounting for 59.0% of the national hydropower generation, up 4.8%, - 1.2% and 1.9% year on year respectively.
Figure 3 cumulative generation of hydropower and cumulative year-on-year
From January to June, the national nuclear power generation capacity reached 130 billion kwh, up 12.7% year on year, and the growth rate fell 6.9 percentage points compared with the same period of last year.
Figure 4 cumulative nuclear power generation and cumulative year-on-year
From January to June, China's wind power generation capacity of 6000 kW and above was 191.7 billion kwh, a year-on-year increase of 28.6%, and the growth rate was 7.7 percentage points higher than that of the same period last year.
Figure 5 cumulative wind power generation and cumulative year-on-year
1.2 utilization hours: year on year increase
From January to June, the cumulative average utilization hours of power generation equipment in China were 1858 hours, an increase of 68 hours over the same period of last year.
Figure 6 average utilization hours of power generation equipment
From January to June, the average utilization hours of thermal power equipment in China were 2126 hours, an increase of 116 hours over the same period of last year.
From January to June, the average utilization hours of hydropower equipment in China was 1505 hours, down 9 hours from the same period of last year.
From January to June, the average utilization hours of nuclear power equipment in China were 3548 hours, an increase of 141 hours over the same period last year. From January to June, the average utilization hours of wind power equipment in China were 1143 hours, an increase of 159 hours over the same period of last year.
From January to June, the average utilization of solar power generation equipment in China is 63 hours less.
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