Highlights 2022 power demand growth likely lower than 2021: Platts Analytics China to account for more than half of global power demand growth: IEA Non-fossil fuels grow faster than fossil fuels in 2021 China’s 2022 power demand growth is expected to slow as the country’s economy cools and fuel prices rise, following a 10.3% year on year increase in 2021 that accounted for nearly half of the total increase in global electricity consumption. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The softer electricity demand growth projections come amid China’s policies to decarbonize power generation fuels, the inclusion of its power sector in the country’s national carbon market, growing electrification of consumer and transport sectors and an energy crisis that forced a reassessment of its energy policy. China consumed 8,312.8 TWh of electricity in 2021, the National Energy Administration said Jan. 17. The […]