Energisa S A : Investor Relations Newsletter, May 2022
06/24/2022 | 06:16pm EDT
Investor Relations Newsletter - Jun 24, 2022 Edition
Total energy consumption rises 4.2% in May
Consumption in May 2022:consolidated free and captive electricity consumption (3,100.8 GWh) in Energisa Group service areas rose by 4.2% compared with the same month last year, led by the residential and commercial segments. Warm weather, a positive calendar effect (+0.4 in aggregate) and consumer status reviews under REN No. 901, which decreased rural volumes and increased residential ones, drove consumption in these segments in May. In addition, in-person activity continued to expand in the month compared to the same period last year.
During the month, 9 of our 11 distribution companies reported higher energy consumption in their service areas, in particular EMT (+6.3% or 48.0 GWh), ERO (+9.1% or 25.1 GWh) and EPB (+6.7% or 24.5 GWh). The residential segment (+6.8% or 76.6 GWh) reported the highest consumption growth in the month, with EMT (+12.3% or 31.1 GWh), ERO (+11.7% or 14.1 GWh) and EPB (+6.2% or 10.1 GWh) enjoying the largest increases. Residential consumption was driven primarily by the warmer weather and positive calendar effect. The commercial segment experienced growth of 7.7% (41.3 GWh), with the highest growth at EMT (+9.3% or 13.0 GWh); EPB (+8.4% or 5.4 GWh); and ESE (+11.8% or 5.3 GWh). Commercial consumption was driven by the recovery from the subsiding pandemic and increased in- person activity, with especially strong consumption in shopping centers, retailers and grain storage facilities.
The industrial sector reported growth of +2.3% (14.6 GWh), with the concessions performing best being: EPB (+11.9% or 7.0 GWh), led by textiles and metallic minerals; EMG (+14.0% or 5.0 GWh), led by paper and food-a22-year high; and EMS (+4.2 or 4.8 GWh), led by the cement and food industries. The 'other' segment posted consumption growth of +8.0% (30.1 GWh), with particularly strong expansion in the government sector at 22.1% (a 22-year high), driven by the reopening of schools, courts and other government agencies. The service areas most contributing to the result in the month were EMT (+15.8% or 12.0 GWh); EPB (+8.7% or 5.1 GWh) and ERO (+16.0 or 5.1%). Lastly, the rural segment contracted by 12.7% (38.6 GWh), driven by EMT (-9.9% or
GWh), EMS (-16.9% or 9.6 GWh) and ESS (-6.9% or
GWh), reflecting decreased use of irrigation (above- average rainfall, especially in the NE, ESS and EMS service areas) and customer migration (REN Nº 901).
Consumption in the first five months of 2022: Energisa Group's captive and free electricity consumption (15,624.9 GWh) rose 2.5% in the first five months of 2022 in relation to the same period last year.
Nine distribution companies reported growth in the first five months, led by ERO (+8.3% or 107.8 GWh), EMT (+2.6% or 98.3 GWh) and EMS (+3.0% or 73.5 GWh).
Energisa Consolidated - Electricity market in May and year to date