A Comprehensive Analysis of the Power Demand–Supply Situation, Electricity Usage Patterns, and the Recent Development of Renewable Energy in China

Renewable energy is now the world’s most reliable and sustainable solution to environmental pollution, the energy crisis, and social sustainability. In order to regulate renewable energies and ensure the sustainable development of renewable energy in China, a regulatory framework is imperative. Elec...

Full description

Saved in:
Bibliographic Details
Published in:Sustainability 2022-03, Vol.14 (6), p.3391
Main Authors: Mastoi, Muhammad Shahid, Munir, Hafiz Mudassir, Zhuang, Shenxian, Hassan, Mannan, Usman, Muhammad, Alahmadi, Ahmad, Alamri, Basem
Format: Article
Language:English
Subjects:
Alternative energy sources
Carbon
Coal
Demand analysis
Economic forecasting
Electric industries
Electric power
Electric power demand
Electric power generation
Electric power grids
Electricity
Electricity consumption
Electricity distribution
Electricity generation
Energy
Energy industry
Energy policy
Energy regulation
Energy resources
Environmental policy
Environmental tax
Externality
Generating capacity
Historical structures
Industrial plant emissions
Literature reviews
Power consumption
Power plants
Power supply
R&D
Renewable resources
Research & development
Risk management
Subsidies
Supply-demand forecasting
Sustainability
Sustainable development
Use statistics
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Renewable energy is now the world’s most reliable and sustainable solution to environmental pollution, the energy crisis, and social sustainability. In order to regulate renewable energies and ensure the sustainable development of renewable energy in China, a regulatory framework is imperative. Electricity demand and supply forecasting have become one of the most important topics for research on sustainable solutions to energy issues. This article analyzes the Chinese electric power industry structure by looking at historical electricity demand and supply data. This study shows how a divergent set of energy policies can facilitate the application of renewable energy to China’s electric power sector. The analysis shows that in 2020, China’s electricity generation and consumption increased by 0.9 and 1.3 percent annually, respectively, producing capacity of power plants increased by 5.6 GW, coal consumption of power supply decreased by 4.3 g/kWh, power generation projects investment increased by 51.6 billion RMB, power grid projects investment decreased by 1.8 billion RMB, and newly installed generation capacity increased by 769 GW year on year (YOY). During the first three quarters of 2021, the generation, consumption and coal consumption of electricity increased respectively by 10.7 and 12.9%, the generating capacity of power plants increased by 9.4 GW, the average coal consumption of power supply decreased by 0.9 g/kWh, power generation projects investment increased by 1.8 billion RMB, while power grid projects investment decreased by 0.3 billion RMB and new generation capacity added around 20.16 GW compared to the same period last year. Furthermore, domestic power consumption grew by 6.0% and 7%, respectively, in 2020–2021. The paper examines China’s current climate, developments, and renewable energy targets between 2020 and 2021. This research aims to identify the main risks associated with China’s renewable energy development and propose a few policy measures for risk management.
ISSN:2071-1050
2071-1050
DOI:10.3390/su14063391