Electricity demand fell 7% annually in June and hit 2020 lows

Electricity demand fell 7% annually in June and hit 2020 lows

The Electricity demand fell 7% year-on-year in Juneupon reaching the 11,223.6 GWh nationwide, compared to the same month last year, although with slightly higher temperatures. This is the lowest consumption in nominal terms for this month since 2020.

In the first half of the year, the cumulative decline is 1.5% compared to the same period of the previous year. Meanwhile, The distributors of Capital and GBA had a drop of 10.7% and, throughout the country, Residential, industrial and commercial consumption fell on average.

In June, the electricity rates went up 18% for the high income group, 94% for low-income and a 73% for middle-income earners compared to the values ​​in force since February 2024 in the metropolitan area of ​​Buenos Aires (AMBA); and increases of 228%, 465% and 378%, respectively, against June 2023.

Electricity demand fell 8.1% in June compared to May

The Total net demand in June was 11,223.6 GWh, while the previous year it had been 12,069.7 GWh1 (-7.1%).

In addition to the year-on-year drop, electricity demand fell 8.1% month-on-month, compared to May 2024, which reached 12,209.5 GWh. For its part, the maximum power registered a decline, as it was located in 24,051 MWon June 25, 2024 at 9:00 p.m., far from the historical record of 29,653 MW, recorded in February 2024.

Refering to June residential demandreached 48% of the total country with a fall of 8.2%, compared to the same month of the previous year, while commercial demand fell 5.1%, representing 26% of total consumption. And the industrial demand It also reflected a 26%, with a fall in the month of the order of 6.9%, approximately.

Electricity demand: how much it fell segmented by region

Regarding the decline by region, the variations were from -10.7% to +4.4%, in sectors where there was a cold wave.

  • Metropolitan -City of Buenos Aires and GBA – had a decrease in consumption: -10.7%.
  • Coast -Entre Ríos and Santa Fe– consumption decreased: -8.7%.
  • Interior of the province of Buenos Airesincluding La Plata, marked a -6.4%.
  • Whose -San Juan and Mendoza- consumption decreased by -6.3%.
  • Center -Córdoba and San Luis- the decrease in demand was -5.2%.
  • Northeast –Chaco, Formosa, Corrientes and Misiones- showed a fall of -4.3%.
  • Northwest –Tucumán, Salta, Jujuy, La Rioja, Catamarca and Santiago del Estero- demand fell by -3.7%.
  • Comahue –La Pampa, Río Negro and Neuquén- decreased -1.8% compared to June 2023.
  • Patagonia –Chubut and Santa Cruz- consumption rose 4.4% compared to the previous year.

Regarding the details of the distributors of Capital and GBA, which demanded 33% of the country’s consumption and totaled a joint decrease of 10.7%the records of CAMMESA indicate that EDENOR had a drop of 11.5%, Meanwhile in EDESUR Demand rose by 9.6%. The rest of the country reduced its consumption by -4.9%.

Source: Ambito

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