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Energy

As China Power Use Surges, But Rate Slows

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By Douglas A. McIntyre Published

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When will China run low on energy sources? At the rate that its consumption is growing, the answer may be soon.

China’s electric power consumption in July reached 389.6 billion kilowatt-hours, up 13.94 percent year-on-year, the National Energy Administration , the China Daily reported

Electric power consumption in the first seven months reached almost 2.4 trillion kWh, up 20.25 percent compared with the same period last year.

The surge in use was much greater in industry than by private citizens. Industrial use rose 23% for the first seven months. Household use was up only 13%

The data could mean several things. One is that China’s economic activity has picked up. This is not likely because July usage slowed compared to the first half of the year.

But it is clear that China’s energy consumption is still at a very high level. That will continue to strain its crude oil and coal resources, which are so large that the trend could lift worldwide prices. China was the largest net importer of crude in the world in 2009, passing the US for the first time.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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