ECONOMY

Less power consumed so far in 09

A drop in electricity consumption rates seen at the start of the year has continued for the first seven months of 2009, mainly as a result of smaller amounts of power used by industrial users. According to data from power grid operator DESMIE, total electricity consumption dropped 6.04 percent from last year’s levels. About a fifth of the drop is due to large industrial users reducing their power demand with only a minor percentage attributable to less electricity consumed by households, the data showed. A similiar trend has appeared in the peak hours of electricity consumption where demand fell to the same levels seen in 2006 – a development that has contributed to a more stable supply of electricity and which also boosts the credibility of the system. Regarding electricity generation, there has been a significant increase in power produced by hydroelectric plants while there has been a sharp drop in power produced by natural gas.