Power market tipped for record 2018

New highs for electricity consumption, generation and growth, say analysts

Industry insiders say 2018 has been a record year for the Chinese electricity market, with new highs predicted for total electricity consumption, the average amount generated each day, and year-on-year growth, all driven by China's upgrading economy.

"Electricity generation and consumption figures are among the best and most straightforward indicators for a society's economic quality," said Han Xiaoping, chief analyst with China Energy Net Consulting.