REN Redes Energeticas Nacionais : Energy consumption increases 2.5% in August
September 04, 2018 at 11:47 am EDT
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04.09.2018
Energy consumption increased 2.5% year over year in August, boosted by the effect of temperatures above average values. At the end of August, the accumulated annual variation was 2.8%, or 1.8% when correcting for the effects of temperature and number of working days.
In August, the hydrological conditions remained favourable, with a hydrological index of 2.18 (historical average of 1), although this number is not especially relevant given the necessarily scarcely significant flows in August. Wind production recorded numbers below average for the month, with the corresponding capability index standing at 0.89 (historical average of 1). On aggregate, renewable production supplied 38% of the national consumption plus net exports. Foreign trade balance continues to favour exports, amounting to around 8% of the domestic consumption in August.
At the end of August, the annual hydropower capability index was 1.19 (historical average equal to 1), whereas the wind power capability index was 1.01 (historical average equal to 1), a number almost in line with the average values. From January to August, renewable production supplied 54% of consumption, broken down into 25% for hydropower, 23% for wind power, 5% for biomass and 1.6% for photovoltaics. Non-renewable production supplied the remaining 46% of consumption, with natural gas accounting for 26% and coal for 19%. Foreign trade balance favoured exports, amounting to 7% of national consumption.
In the natural gas market, the trend of consumption reduction continued, due to the drop in the electricity production segment, stemming from the greater availability of renewable energy seen this year. In August, total consumption recorded a variation of -12.6%, with a reduction of 27% in the electricity market and a growth of 2.9% in the conventional market. Since the beginning of the year, consumption of natural gas records a negative annual variation of 8.3%, stemming from the 28% decrease in the electricity market, partially offset by the positive evolution of 5% in the conventional segment.
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REN - Redes Energéticas Nacionais SGPS SA published this content on 04 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 September 2018 15:46:04 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%).