Operating Data Preview 9M20
Lisbon, October 9th, 2020
KEY HIGHLIGHTS
- Installed capacity reached 26.8 GW, of which 74% from renewable sources, reflecting 726 MW of wind capacity added over the last 12 months. As of end of Sep-20,we had 1.9 GW of wind and solar projects under construction. Our coal capacity will soon be reduced, as in July 2020 we announced the anticipated closure of 2 coal plants in Iberia (Sines e Soto 3, with 1.5 GW) in early 2021.
- Electricity generation was predominantly derived from renewable sources: 74% of total, with hydro generation in line with historical average and wind generation 9% below expected volumes. The 21% YoY increase of coal generation in Iberia in the 3Q20 was driven by the forced coal stocks burning ahead of the earlier closure of two coal plants in Iberia.
- Electricity distributed in Portugal was broadly stable in 3Q20 (-0.4%YoY) reflecting a clear recovery from the Covid-19 lockdown period (-11% YoY in 2Q20) and contributing for a 4% YoY decline in 9M20. In Spain, electricity distributed in our region (-12% YoY in the 9M20) was also penalised by a decline in industrial activity. This compares with a 6% decline demand in Spain as a whole in 9M20 (-3% YoY in 3Q20 vs. -13% in 2Q20). In Brazil, distributed volume declined 7% in the 9M20 YoY, with a 3.5% YoY decline in the 3Q20.
- In the supply business in Iberia, electricity sold declined 4% in Portugal and 12% in Spain, mostly reflecting the impacts of the pandemic, while the volume of gas supplied increased 4% in Iberia due to new large clients in our portfolio.
INSTALLED CAPACITY
Installed capacity | Sep-20 | Capacity evolution | YoY | MW | Sep-20 | Sep-19 | % | ||||||||
Wind | 10,842 | 10,280 | +563 | +5% | |||||||||
1% | North America | 6,045 | 5,472 | +573 | +10% | ||||||||
Europe | 4,346 | 4,341 | +6 | +0% | |||||||||
12% | |||||||||||||
Brazil | 331 | 467 | -137 | -29% | |||||||||
14% | 40% | Hydro | 8,785 | 8,785 | |||||||||
Iberia (1) | 7,186 | 7,186 | |||||||||||
0.5% | 26.8 GW | ||||||||||||
Brazil | 1,599 | 1,599 | |||||||||||
Solar | 145 | 145 | |||||||||||
Gas Iberia | 3,729 | 3,729 | |||||||||||
33% | Coal | 3,150 | 3,150 | ||||||||||
74% | Iberia | 2,430 | 2,430 | ||||||||||
Renewables | Brazil | 720 | 720 | ||||||||||
Nuclear Spain | 156 | 156 | |||||||||||
Wind | Hydro | Solar | |||||||||||
Capacity under construction | Sep-20 | Cogen. & Waste | 42 | 49 | -7 | -14% | ||||||||
Gas | Coal | Other | 1,893 MW | Total | 26,849 | 26,294 | +556 | +2% |
(1) Includes small-hydro
ELECTRICITY GENERATION
Electricity generation | 9M20 | GWh | 9M20 | 9M19 | % | 3Q20 | 3Q19 | % | ||||||||||
Wind | 20,135 | 21,668 | -1,532 | -7% | 5,612 | 5,651 | -39 | -1% | |||||||||
North America | 12,249 | 11,899 | +349 | +3% | 3,135 | 3,149 | -15 | -0% | |||||||||
2% | |||||||||||||||||
7% | Europe | 7,102 | 8,510 | -1,408 | -17% | 2,080 | 1,941 | +139 | +7% | ||||||||
Brazil | 785 | 1,258 | -474 | -38% | 397 | 561 | -164 | -29% | |||||||||
17% | Hydro | 13,557 | 8,967 | +4,590 | +51% | 2,479 | 2,164 | +315 | +15% | ||||||||
Iberia(1) | 9,600 | 5,934 | +3,666 | +62% | 1,651 | 1,598 | +52 | +3% | |||||||||
45.9 TWh 44% | |||||||||||||||||
0.5% | Brazil | 3,956 | 3,033 | +924 | +30% | 829 | 566 | +263 | +46% | ||||||||
Solar | 219 | 225 | -6 | -3% | 79 | 85 | -6 | -7% | |||||||||
Gas Iberia | 7,816 | 7,465 | +351 | +5% | 3,864 | 3,746 | +118 | +3% | |||||||||
30% | Coal | 3,156 | 8,733 | -5,577 | -64% | 1,475 | 2,310 | -835 | -36% | ||||||||
74% | |||||||||||||||||
Iberia | 2,637 | 6,211 | -3,574 | -58% | 1,433 | 1,183 | +250 | +21% | |||||||||
Renewables | Brazil | 519 | 2,522 | -2,003 | -79% | 43 | 1,127 | -1,085 | -96% | ||||||||
Wind | Hydro Solar Gas Coal Other | Nuclear Spain | 857 | 889 | -31 | -4% | 336 | 337 | - | -0% | |||||||
Cogen. & Waste | 149 | 225 | -76 | -34% | 53 | 64 | -11 | -17% | |||||||||
Total | 45,890 | 48,172 | -2,282 | -5% | 13,899 | 14,357 | -458 | -3% |
- Includes small-hydro
LOAD FACTORS
Wind & Solar Production deviation vs. | Hydro resources deviation vs. | ||||||||||||
avg. P50 | 9M20 vs 9M19 | historical avg. | 9M20 vs 9M19 | Load factors | 9M20 | 9M19 | 3Q20 | 3Q19 | |||||||
Wind | 29% | 30% | 24% | 25% | |||||||||
North America | 32% | 33% | 24% | 26% | |||||||||
Europe | 25% | 26% | 22% | 21% | |||||||||
Brazil | 36% | 41% | 54% | 54% | |||||||||
Hydro | |||||||||||||
-3% | Iberia(1) | 20% | 13% | 10% | 10% | ||||||||
Brazil | 38% | 29% | 23% | 16% | |||||||||
-4% | Solar | 23% | 24% | 25% | 26% | ||||||||
Gas Iberia | 32% | 31% | 47% | 45% | |||||||||
-9% | Coal | ||||||||||||
-39% | Iberia | 17% | 39% | 27% | 22% | ||||||||
9M20 | 9M19 | ||||||||||||
9M20 | 9M19 | Brazil | 11% | 53% | 3% | 71% | |||||||
Nuclear Spain | 84% | 87% | 98% | 98% | |||||||||
(1) Includes small-hydro |
Investor Relations Department | Phone: +351 21 001 28 34 | Email: ir@edp.com | www.edp.com |
Operating Data Preview 9M20
Lisbon, October 9th, 2020
ENERGY SUPPLY
Volumes of electricity supplied in Iberia | 9M20
Volumes supplied (GWh) | No. of Clients (th) | |||||||||||
9M20 | 9M19 | % | 3Q20 | 3Q19 | % | 9M20 | 9M19 | % | ||||
Electricity(1) | 41,598 | 35,573 | +16.9% | 13,444 | 13,650 | -1.5% | ||||||
Iberia | 20,895 | 22,545 | -7.3% | 7,035 | 7,596 | -7.4% | 5,226 | 5,270 | -0.8% | |||
46% | Portugal | 12,640 | 13,187 | -4.2% | 4,202 | 4,342 | -3.2% | 4,065 | 4,112 | -1.1% | ||
20.9 TWh 54% | ||||||||||||
Spain | 8,255 | 9,358 | -11.8% | 2,833 | 3,254 | -12.9% | 1,160 | 1,158 | +0.2% | |||
Brazil | 20,703 | 13,028 | +59% | 6,408 | 6,054 | +5.9% | ||||||
Gas(1) | 8,627 | 8,284 | +4.1% | 1,986 | 1,821 | +9.0% | 1,555 | 1,560 | -0.3% | |||
Portugal | 3,014 | 2,704 | +11.5% | 998 | 770 | +29.6% | 653 | 659 | -0.9% | |||
Spain | 5,613 | 5,580 | +0.6% | 988 | 1,052 | -6.0% | 903 | 901 | +0.2% | |||
Business Residential | (1) Last resort supply excluded for Portugal but included for Spain |
ELECTRICITY DISTRIBUTION
Iberia
9M20 | 9M19 | % | ||
Electricity distributed (GWh) | 41,148 | 43,239 | -2,091 | -4.8% |
Portugal(1) | 35,627 | 36,973 | -1,346 | -3.6% |
Spain | 5,521 | 6,266 | -745 | -11.9% |
Customers connected (th) | 6,976 | 6,937 | +40 | +0.6% |
Portugal(1) | 6,306 | 6,269 | +37 | +0.6% |
Spain | 670 | 668 | +2 | +0.4% |
- Electricity volume that entered the distribution grid
Brazil
9M20 | 9M19 | % | ||
Electricity distributed (GWh) | 17,823 | 19,114 | -1,291 | -6.8% |
Final customers | 9,863 | 10,588 | -725 | -6.8% |
Access customers | 7,960 | 8,525 | -566 | -6.6% |
Customers connected (th) | 3,574 | 3,475 | +98 | +2.8% |
EDP São Paulo | 1,967 | 1,900 | +67 | +3.5% |
EDP Espírito Santo | 1,607 | 1,576 | +31 | +2.0% |
MARKET INDICATORS
Iberian market | 9M20 | 9M19 | % | |
Average electricity spot price - Spain | €/MWh | 32 | 50 | -36% |
Hydro coefficient - Portugal | 1.0 = avg. Year | 0.97 | 0.61 | 59% |
Hydro coefficient - Spain | 1.0 = avg. Year | 1.00 | 0.70 | 43% |
Wind coefficient - Portugal | 1.0 = avg. Year | 0.89 | 0.99 | -10% |
Brazilian market | ||||
Average spot price (PLD) | R$/MWh | 118 | 212 | -44% |
Generation Scalling Factor (GSF) (1) | % | 85% | 86% | -1% |
Exchange rates | ||||
EUR/USD - Average | 1.13 | 1.12 | 0% | |
EUR/BRL - Average | 5.70 | 4.37 | -23% | |
EUR/USD - End of period | 1.17 | 1.09 | -7% | |
EUR/BRL - End of period | 6.63 | 4.53 | -32% |
(1) Weighted average
KEY ANNOUNCEMENTS
RESULTS RELEASE
EDP's 9M20 results will be released after Euronext Lisbon market close on October 29th, 2020. A conference call will be hosted by EDP's interim CEO, Mr. Miguel Stilwell d'Andrade on the next day, October 30th, 2020, at 11:30 GMT. More information will be available on www.edp.com.
Investor Relations Department | Phone: +351 21 001 28 34 | Email: ir@edp.com | www.edp.com |
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EDP - Energias de Portugal SA published this content on 09 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2020 17:04:05 UTC