According to the dispatching data released by the State Electricity Regulatory Commission, as of November 28, the cumulative monthly power generation in the month of November increased by 7.41% year-on-year, which is the highest growth rate this year. "The change in power demand is a "barometer" of economic operation. The increase in electricity consumption means that the economy will stabilize and rise," said Yu Yanshan, deputy director of the General Office of the State Electricity Regulatory Commission. Zhou Dadi, executive vice president of the China Energy Research Association, analyzed that large-scale investment projects led by the government have been launched one after another, driving the growth of electricity demand in industries, especially in high-energy-consuming industries, indicating that the Chinese economy has stabilized and stabilized. In recent months, the growth rate of industrial added value of China's above-scale industries has been rising year-on-year, 8.9% in August, 9.2% in September, and 9.6% in October. Since October, the situation of steel and other industries has also shown signs of improvement. The recovery of industrial production has driven the recovery of industrial electricity consumption. In October, the national industrial electricity consumption increased by 5.9% year-on-year, up 5 percentage points from the previous month, and continued to decline for several consecutive months before the end. In addition, the improvement in the export situation in the past two months has also increased the demand for electricity from export-oriented manufacturing companies. According to customs data, China's export growth rate continued to rebound slightly in September and October due to factors such as the Christmas season. However, experts also pointed out that it should be wary of the rebound in electricity consumption mainly driven by the recovery of high-energy-consuming industries. According to the analysis of the State Electricity Regulatory Commission, with the “stable growth” measures gradually taking effect, the situation of economic stabilization and recovery is more obvious. It is expected that the growth rate of electricity consumption in the whole society will continue to rise in the fourth quarter. The annual electricity consumption will reach 5 trillion kWh, and the electricity consumption growth rate will be about 6%.

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