TERNA S.P.A. Monthly Report on the Electricity System July 2023
Monthly Report on the Electricity System
July 2023
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Monthly Report on the Electricity System
July 2023
Energy
Balance
Sheets
page 5
Electricity System
page 13
Electricity Market
page 18
In the month of July, electricity demand was 30,083 GWh, down compared to the same month of the previous year (-3.3%) and compared to July 2021 (-1.1%). There was also a drop in foreign exchange (-8.8%) compared to the same month of 2022. In 2023, electricity demand (180,594 GWh) decreased compared to the same period in 2022 (-5.0%) and compared to the cumulative figure for 2021 (-2.8%).
The value of electricity demand was achieved with the same number of working days (21) and with an average monthly temperature approximately 0.3°C lower than July last year. When adjusted for seasonal and temperature effects, the figure represents a -2.6% variation. The annual trend for July 2023 (compared to July 2022) decreased by 1.2% with raw data.
In July 2023, 47.2% of the electricity demand was met via production from Non- Renewable Energy Sources, 38.4% via Renewable Energy Sources and the remainder via foreign exchange. In 2023, electricity demand was 180,594 GWh, 47.2% of which was met via production from Non-Renewable Energy Sources, 35.9% from Renewable Energy Sources and the remainder from the foreign balance.
In July, production from Renewable Energy Sources increased (+18.7%) compared to the same month of the previous year. Specifically, there was an increase in
renewable hydroelectric production (+32.4%), solar production (+12.0%) and wind production (+31.8%).
In 2023, the operating capacity of renewables increased by 2,956 MW. This value is 1,515 MW higher (+105%) compared to the same period of the previous year.
The July total for withdrawal programmes on the DAM was approximately €3.1 billion, up 25% compared to the previous month and down 76% compared to July 2022.
In July, the spread between average bid-up and bid-down prices on the MSD was
- 127/MWh, up by 21% compared to the previous month and down by 49% compared to July 2022. Total volumes increased compared to the previous month (+36%).
In July, the spread between bid-up and bid- down prices on the Balancing Market was
- 120/MWh, down on the previous mont (€ 142/MWh) and down compared to July
2022 (€ 430/MWh; -72%). Total volumes increased compared to the previous month (+25%).
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Monthly Report on the Electricity System
July 2023
4
Monthly Report on the Electricity System
July 2023
Energy Balance Sheets
Monthly Summary and Short-Term Analysis
In the month of July, electricity demand was 30,083 GWh, down compared to the same month the previous year (-3.3%) and compared to July 2021 (-1.1%). There was also a drop in foreign exchange (-8.8%) compared to the same month of 2022.
In 2023, electricity demand (180,594 GWh) increased compared to the same period in 2022 (-5.0%) and compared to the cumulative figure for 2021 (-2.8%).
Demand breakdown - coverage by sources
[GWh] | Jul 2023 | Jul 2022 | %23/22 | Jan-Jul 23 | Jan-Jul 22 | %23/22 |
In July 2023, photovoltaic
Renewable Hydro
Pumping Production(2)
Thermal
of which Biomass of which Hard Coal
Geothermal
Wind
Photovoltaic
Net Total Production
Pumping
Net Total Production for Consumption
of which RES (3) of which not RES
Import
Export
Net Foreign Exchange
Electricity demand(1)
4.445 | 3.357 | 32,4% | 20.438 | 16.955 | 20,5% |
104 | 165 | -37,0% | 910 | 1.051 | -13,4% |
15.667 | 18.138 | -13,6% | 95.366 | 113.666 | -16,1% |
1.429 | 1.429 | 0,0% | 9.646 | 10.109 | -4,8% |
1.041 | 2.130 | -51,1% | 9.074 | 11.766 | -22,9% |
447 | 454 | -1,5% | 3.101 | 3.189 | -2,8% |
1.354 | 1.027 | 31,8% | 12.696 | 12.668 | 0,2% |
3.886 | 3.471 | 12,0% | 18.951 | 17.911 | 5,8% |
25.903 | 26.611 | -2,7% | 151.462 | 165.440 | -8,4% |
148 | 235 | -37,0% | 1.300 | 1.501 | -13,4% |
25.755 | 26.376 | -2,4% | 150.162 | 163.939 | -8,4% |
11.561 | 9.737 | 18,7% | 64.832 | 60.832 | 6,6% |
14.194 | 16.639 | -14,7% | 85.330 | 103.107 | -17,2% |
4.651 | 4.956 | -6,2% | 32.287 | 28.452 | 13,5% |
323 | 211 | 53,1% | 1.855 | 2.270 | -18,3% |
4.328 | 4.745 | -8,8% | 30.432 | 26.182 | 16,2% |
30.083 | 31.121 | -3,3% | 180.594 | 190.121 | -5,0% |
production (+12%), renewable hydroelectric production (+32.4%) and wind production
(+31.8%) were up, and thermal production (-13.6%) was down compared to the same month the previous year.
In 2023, there was a change in exports, which dropped (-18.3%) compared to 2022.
The trend in total net production for consumption in July was down (-2.4%) compared to the same period in 2022.
- Electricity Demand = Net Total Production for Consumption + Foreign Balance
- Pumping production is calculated assuming theoretical efficiency during the pumping phase
- RES Production = Renewable Hydro + Biomass + Geothermal + Wind + Photovoltaic -
Source: Terna
The value of electricity demand was achieved with the same number of working days (21) and with an average monthly temperature approximately 0.3°C lower than July last year. When adjusted for seasonal and temperature effects, the figure represents a -2.6% variation.
In the first seven months of the year, national demand decreased by 5.0% compared to the corresponding period in 2022 (-4.0% adjusted value).
The monthly data for July 2023, adjusted for calendar and temperature effects, recorded an increase (+1.2%) in electricity demand compared to June 2023.
Demand - seasonality adjusted
The value, adjusted for seasonal, calendar and temperature effects, shows positive cyclical change (+1.2%).
Source: Terna
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Terna Rete Elettrica Nazionale S.p.A. published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 14:49:04 UTC.
