The China Electricity Council (hereinafter referred to as "China Electricity Council") issued the analysis and forecast report on the national power supply and demand situation in the first quarter of 2022 (hereinafter referred to as "the report") on April 25. Relevant data show that coal prices remained high in the first quarter, and clean energy power generation increased to varying degrees.
In the first quarter, the national electricity consumption of the whole society was 2.04 trillion kwh, a year-on-year increase of 5.0%, 2.0 percentage points lower than the average growth rate in the same period of 2021, and 1.7 percentage points higher than the year-on-year growth rate in the fourth quarter of 2021.
From the specific data, the year-on-year growth rate of hydropower and Cecep Solar Energy Co.Ltd(000591) power generation exceeded 10%. In the first quarter, the power generation of power plants above Designated Size nationwide was 1.99 trillion kwh, an increase of 3.1% year-on-year. Among them, the power generation of hydropower, nuclear power and thermal power of power plants above designated size increased by 12.7%, 6.9% and 1.3% year-on-year respectively. Since this year, the precipitation situation has been good, driving the rapid growth of hydropower generation. In the first quarter, the full-scale grid connected wind power and grid connected Cecep Solar Energy Co.Ltd(000591) power generation increased by 5.7% and 21.7% respectively year-on-year.
However, in the first quarter, the full caliber coal power generation increased by 1.9% year-on-year, accounting for 62.8% of the total full caliber power generation. Coal power is still the main power supply in China's power supply, and it is also the basic power supply to ensure the safe and stable supply of China's power.
The report also shows that the overall high price of power coal has risen, and coal and power enterprises are still making large losses. In the first quarter, China imported 51.81 million tons of coal, a year-on-year decrease of 24.2%. The effect of the national coal production increase and supply guarantee policies and measures was obvious. In the first quarter, the national raw coal output was 1.08 billion tons, a year-on-year increase of 10.3%. Since the beginning of this year, the overall price of electric coal has continued to rise, resulting in an additional increase of about 130 billion yuan year-on-year in the procurement cost of electric coal for national coal and power enterprises in the first quarter. Fuel costs have risen sharply, which is much higher than the increase in the selling price of coal-fired power enterprises, resulting in more than half of the coal-fired power enterprises in large power generation groups still in a state of loss. Coal power enterprises continued to suffer large losses, and some enterprises were extremely tight in cash flow, increasing the risk of safe and stable power supply. As most of the heat prices are related to people's livelihood, it is difficult to dredge the heat prices with the rise of fuel costs, and cogeneration enterprises also show a large-scale loss.
In addition, the rapid development of electric vehicles in the first quarter drove the power consumption of charging and changing service industry to increase by 45.6% year-on-year.
