The electricity consumption in Romania shrank by 7.7% y/y to 21.08TWh in Jan-May, the statistics office reported. Consumption plunged by 22% y/y to 3.9TWh in May alone, according to our calculations.
In the economy alone [non-residential consumers], the use of electricity decreased by 9.6% y/y in Jan-May and by 28% y/y in May alone – according to our approximations based on unrevised past data.
The sharp decline in energy use in May is consistent with the weaker industrial activity in the month amid Labour Day-Easter holiday. For the combined Apr-May period, the electricity consumption still decreased by 12% y/y and by 16% y/y for non-residential consumers.
On the production side, power output fell 5.9% y/y in Jan-May and 21% y/y in May alone. Hydropower output returned to normal levels this year when it increased by 18.4% y/y in Jan-May — and by a mere 0.5% y/y in May alone.
Wind generation more than doubled to 2.16TWh in Jan-May when it accounted for 8.8% of the total power generated in the period from 4.0% a year earlier. The lower power consumption had the toughest impact on the thermal power generation, which decreased by 25.9% y/y in Jan-May and by 48% y/y in May alone.
|mn kWh||5-mo 13||y/y||May-13||y/y||Apr-May 13||y/y|
|Technological own consumption||3,176||-0.9%||390||-9%||892||-3%|
Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more
Romanian gas transport company Transgaz has teamed up with Spain’s Regasificadora del Noroeste in an attempt to take over its Greek peer DESFA, where the Greek state has put a 66% stake up for ... more
Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more