China's electricity output declined 1.3% in early 2025

China's electricity output declined by 1.3% in January and February 2025, marking a rare early-year drop. This decrease is attributed to milder winter temperatures, which reduced heating demand. Temperatures were above the 30-year average for 39 of the 58 days in this period. This contrasts with 2024, where only 33 days exceeded the average. Despite the drop in electricity generation, coal and natural gas output increased. China's domestic coal price recently hit a four-year low, and the country plans to boost coal production this year.