AI Data Insight
As of 2026-09-01 (Q3 2026), the month-over-month (MoM) growth rate of electricity consumption by urban and rural residents in China plunged to -35.74%, experiencing a cliff-like drop compared to the previous value of -2.69%. The primary cause of this significant contraction is the interference of climate factors such as typhoons and heavy rainfall, which led to a sharp decrease in summer air conditioning electricity usage. Despite the weakness in residential electricity consumption, overall societal electricity demand remains resilient, benefiting from the expansion of new business formats and the production side.