Electricity consumption of large companies rose 0.7% in October

The electricity consumption of large and medium-sized companies increased 0.7% compared with the same month the previous year, according to data from the Red Eléctrica Index (IRE). Broken down by sector, industrial consumption went up 2.2% and consumption in the services sector fell by 3%. The effects of seasonal and working patterns have been factored in when calculating this data.

According to the IRE, in the last twelve months, the electricity consumption of these companies, once the effects of seasonal and working patterns were factored in, has increased by 1.3% compared the same period last year. By sector, industrial consumption has gone up 1.8% and the services sector consumption has dropped by 0.8%.

Compared to October 2016, of the five activities with the highest electricity demand, the metallurgy industry increased 7.7%, the chemical industry by 3.1%, the manufacturing industry for other non-metallic mineral products by 3.9%, the food industry fell 0.4% and the paper industry by 2.5%.

The activities that contributed most to the consumption of large companies in October were: the metallurgy industry with an increase of 7.7%, the chemical industry (3.1%), the manufacturing industry for other non-metallic mineral products (3.9%), the warehouse & storage industry and activities connected to transport (5%), and the manufacture of rubber and plastic products (3.1%).

The monthly electricity consumption data of 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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