REN Redes Energeticas Nacionais SGPS S A : Consumption of electricity decreases 13.2% in May
June 03, 2020 at 07:56 am EDT
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Consumption of electricity decreases 13.2% in May
03.06.2020
The consumption of electric power decreased 13.2% year over year, and this figure does not change when correcting for the effects of temperature and number of working days. This is a similar decrease to the one seen in the previous month and is the lowest recorded consumption for the month of May since 2003. The accumulated annual evolution is negative, at 4.7%, or 4.6%, when correcting for temperature and working days.
In May, the hydrological conditions remained favourable, leading to a hydropower capability index of 1.05 (historical average of 1), whereas in wind generation the corresponding capability index was 0.72 (historical average of 1). Renewable production fuelled 56% of domestic consumption and non-renewable production accounted for 27%, while the remaining 17% were supplied with imported energy.
From January to May, the hydropower capability index stood close to the average value, at 0.97 (historical average of 1), whereas the wind-power capability index was 0.84 (historical average of 1), which is the lowest value recorded by REN (since 2001). In the same period, renewable production supplied 67% of consumption, broken down into 34% for hydropower, 24% for wind power, 7% for biomass and 2.3% for photovoltaics, with the latter showing, proportionally, the highest growth. Non-renewable production supplied 28% of consumption, with virtually only natural gas, with coal production still being residual. In this period, the import balance favoured imports, amounting to around 5% of the domestic consumption.
In the natural gas market, domestic consumption accentuated the downward trend seen in the previous month, with a year-on-year negative variation of 32%, which was the result of a negative variation of 28% in the conventional segment and of an also negative variation of 40% in the power production segment. The decrease in the conventional segment was influenced by large consumers who anticipated their annual stoppages.
From January to May, there was a 2.1% decrease in consumption, with an 18% growth in the electricity market not being enough to compensate for the 8.7% drop in the conventional segment.
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REN - Redes Energéticas Nacionais SGPS SA published this content on 03 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2020 11:55:00 UTC
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).