First, the transformation of new and old driving forces in the industrial field is accelerating, with the total electricity consumption of high-tech and equipment manufacturing industries leading the growth rate of the total electricity consumption of the four major high-energy consumption industries (chemical industry, building materials, steel, and non-ferrous metals). Second, there is a surge in electricity consumption in the digital economy industry. Third, the transformation of the energy supply structure is accelerating.

The data released by the National Energy Administration recently shows that in July, the total electricity consumption of the society reached 1,022.6 billion kilowatt-hours, a year-on-year increase of 8.6%. China's monthly total electricity consumption data has historically broken through the trillion-kilowatt-hour threshold, which is equivalent to the electricity consumption of ASEAN countries in a year. From the data of the first seven months of this year, the total electricity consumption of the society across the country increased by 4.5% year-on-year, continuing to maintain a stable growth trend.

The amount of electricity used is a "barometer" of economic activity. The significant increase in related data is the result of the combined effects of multiple rounds of high temperatures and the stable and steady improvement of industrial production. However, it also contains three layers of changes in China's industrial structure.

First, the transformation of new and old driving forces in the industrial field is accelerating, and the total electricity consumption of high-tech and equipment manufacturing industries leads the growth rate of the total electricity consumption of the four major energy-intensive industries (chemical industry, building materials, steel, and non-ferrous metals).
Industry is the "ballast" of China's electricity consumption, with the electricity consumption of the secondary industry accounting for nearly 60 percent of the total electricity consumption in society. Data from the National Energy Administration shows that in July, the electricity consumption of the secondary industry was 593.6 billion kilowatt-hours, a year-on-year increase of 4.7 percent, an increase of 1.5 percentage points from June and a recovery for two consecutive months, showing the stability and improvement of industrial production. In the first seven months of this year, the electricity consumption of the secondary industry has been continuously recovering year-on-year.

Data from the China Power Association shows that in the first 7 months of this year, the total electricity consumption of high-tech and equipment manufacturing industries increased by 4.6% year-on-year, which is 2.3 percentage points higher than the average growth level of the manufacturing industry during the same period; among them, the electricity consumption of new energy vehicle manufacturing industry increased by 25.7% year-on-year. However, looking at the four high-energy-consuming industries, their total electricity consumption only increased by 0.9% year-on-year. It can be seen that the rise of emerging industries is rapid, and is injecting new impetus into China's economic development.

Second, the surge in electricity consumption in the digital economy sector and the strong momentum of China's high-quality economic development.
Data from the China Electric Power Federation shows that in the first 7 months of this year, electricity consumption in the tertiary industry increased by 7.8% year-on-year, among which, driven by the rapid development of mobile Internet, big data, cloud computing and other fields, electricity consumption in the Internet and related services industry increased by 28.2% year-on-year.

Against the backdrop of the rapid development of cutting-edge technologies such as big data, cloud computing, and artificial intelligence, the digital economy has become the "key variable" driving the surge in electricity demand in China. For the Chinese economy, the digital economy has nurtured many new business forms and models, which can not only optimize the economic structure but also become a new engine to drive high-quality economic development.
The third is the accelerated transformation of the energy supply structure, which has continuously refreshed the highest electricity load "extreme value".

Since the beginning of the year, high temperature alarms have been frequent in many parts of the country. Data from the National Climate Center shows that in July, the average temperature of the country set a new historical high for the same period since 1961, which directly led to a 18.0% year-on-year increase in the electricity consumption of urban and rural residents in the month. Driven by the continuous high temperature and high humidity weather, the electricity load in many parts of the country has also been continuously setting new highs. Data from the National Energy Administration shows that since the peak summer, China has effectively responded to the historical highest electricity load of 1.508 trillion kilowatts, and the country has not implemented orderly electricity use.

The steady improvement in the ability to secure energy supplies cannot be separated from the continuous optimization of the energy mix. From the historic transcendence of thermal power by wind and solar power at the end of March this year, to the first-time breakthrough of non-fossil energy power generation capacity exceeding 60% at the end of May, China's pace of green energy transition continues to accelerate. With the continuous realization of new breakthroughs in the installed capacity of renewable energy in China, the power generation from renewable energy has also stepped onto a new level. Currently, the power generation from renewable energy in China has approached 40% of the total power generation in the country, exceeding the sum of electricity consumption in the tertiary industry and urban and rural residents' lives in the same period. The additional power generation from wind and photovoltaic power has exceeded the increase in total electricity consumption in society. It can be seen that thanks to the accelerated advancement of the new energy system, China's ability to ensure power supply in the face of extreme weather has also significantly improved.

Overall, the monthly total electricity consumption of the society exceeded the trillion-kilowatt-hour mark for the first time in July, not only demonstrating China's ability to ensure people's livelihoods in the face of extreme weather, but also vividly interpreting the upgrading of industries and the green transformation. Looking ahead, as more emerging industries thrive, China's economy will release greater potential.

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