The National Energy Administration of China held a press conference. Xing Yiting, Deputy Director-General of the Development Planning Department, stated that by 2025, China's energy supply security capabilities will be effectively enhanced, with overall supply and demand remaining ample. Multiple key policy measures will be introduced in rapid succession, fostering healthy and orderly industry development. The foundation for building a new energy system will be continuously strengthened, supporting China's sustained economic recovery and growth.
Energy security safeguards will be robust and effective. 2025 will mark the most successful year for energy supply security since the start of the 14th Five-Year Plan period. Raw coal production will remain stable, with output from industrial enterprises above designated size increasing by 1.2% year-on-year. Both oil and gas production will hit record highs, with crude oil output from industrial enterprises above designated size rising by 1.5% year-on-year and natural gas output growing by 6.2% year-on-year. Electricity supply remained stable and orderly, with a number of ultra-high voltage DC transmission projects coming online, continuously enhancing the complementary and mutual support capabilities of the power system.
The pace of green and low-carbon transformation accelerated. A series of policy measures were formulated and introduced to promote the integrated development of new energy, facilitate its consumption and regulation, and enhance the quality and efficiency of new energy development. New wind and solar power installations exceeded 430 gigawatts for the year, bringing the cumulative installed capacity to over 1.8 billion kilowatts. Renewable energy now accounts for more than 60% of installed power generation capacity. Renewable energy generation reached approximately 4 trillion kilowatt-hours, surpassing the combined electricity consumption of the 27 EU member states (about 3.8 trillion kilowatt-hours).
The industry achieved remarkable results in orderly development. Comprehensive efforts to address “internal competition” in the photovoltaic sector were deepened. By the end of 2025, polysilicon and wafer prices reached 53.86 RMB/kg and 1.329 RMB /piece respectively, representing increases of 52.0% and 35.6% from their annual lows. Comprehensive measures ensured stable coal production, supply, and pricing, guiding spot prices within a reasonable range. By the end of 2025, the spot price for 5,500 kcal thermal coal at Bohai Rim ports reached RMB 690 per ton, an increase of RMB 75 per ton from the annual low point.
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