Electricity consumption falls 4,3% until July and reaches 2005 lows, announces REN

"The accumulated result for the year now shows a negative variation of 4,3% or 5% with correction of temperature and working days, being, for this period, the lowest consumption since 2005", said, in a statement, REN.

Electricity consumption fell 4,3% until July or 5% with the correction of temperature and working days, reaching the lowest value since 2005, according to data from REN - Redes Energéticas Nacionais, released today.

"The accumulated result for the year now shows a negative variation of 4,3% or 5% with correction of temperature and working days, being, for this period, the lowest consumption since 2005", said, in a statement, REN.

In July, electricity consumption recovered “compared to what has been seen in recent months, in line with that recorded in the same month of the previous year, with a zero variation”.

However, considering the correction of the effects of working days and temperature, above normal values, the variation was negative by 3,5%, although lower than the totals since April.

In the reference month, the hydroelectric productivity index reached 0,65 (historical average equal to 1), while the wind productivity index registered 0,86 (historical average equal to 1).

In turn, renewable production was responsible for supplying 35% of national consumption and non-renewable for 48%, with the remaining 17% supplied with imported energy.

In the first seven months of the year, the hydroelectric productivity index was 0,94 and that of wind productivity was 0,86.

Also from January to July, renewable production supplied 60% of consumption, divided by hydroelectric (28%), wind (23%), biomass (7%) and photovoltaic (2,6%).

“Non-renewable production supplied 32% of consumption, practically only with natural gas, with coal remaining with reduced production, representing less than 1% of consumption. The balance of exchanges with foreigners is equivalent to about 8% of national consumption ”, pointed out the company led by Rodrigo Costa.

In the natural gas market, however, there was a recovery compared to the last months, although there was a year-on-year drop of 2%, “the result of a 6,2% negative variation in the conventional segment and a 2,9% positive variation in the production of electric energy ”.

Accumulated consumption for the year contracted by 4,8%, with the conventional segment showing a decrease of 9%, while electricity production increased 4,4%.

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