Electricity consumption of large companies falls 3.3% in August

The electricity consumption of large and medium-sized companies fell 3.3% compared with the same month last year, according to data from the Red Eléctrica Index (IRE). Broken down by sector, industrial consumption decreased 4.5% and consumption in the services sector registered a fall of 1.5%. The effects of seasonal and working patterns were factored in when calculating this data.

Compared to August 2017 and focusing purely on the five activities with the highest electricity consumption, demand by the metallurgy industry has fallen by 3.9%, the chemical industry by 14.9%, the manufacturing industry for other non-metallic mineral products by 0.9%, the food industry by 1.7% and the paper industry by 3.6%.

The activities that contributed most to the consumption of large companies in August were: the supply of electricity, gas, steam and air conditioning which increased 10.6%, the manufacture of motor vehicles, trailers and semi-trailers (2.7%), other mining and quarrying industries (6.7%), specialised construction activities (21.1%), and the manufacture of other transport equipment (9.8%).

Analysing the data of the last twelve months, the electricity consumption of these companies, after having factored in the effects of seasonal and working patterns, has increased by 0.5%, year-on-year. By sector, industrial consumption fell by 0.2% and consumption in the services sector has increased by 0.9%.

All data regarding monthly electricity consumption for each of the economic activities can be found in more detail in the IRE section of the Red Eléctrica website.

The IRE is an indicator which aims to provide information on the evolution of the electricity consumption of all large and medium-sized companies, defined as those with a contracted capacity above 450 kW. The measurements are collected at more than 23,400 points of approximately 13,900 companies. The consumption taken into account by the IRE represents about 47% of the total electricity demand, the remaining demand corresponds to residential consumers and other types of consumption.

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