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Spain July electricity demand falls for 11th straight month

Source: Reuters - Tue 31st Jul 2012
Spain July electricity demand falls for 11th straight month

Spanish electricity demand fell for the eleventh month in a row in July, data from national grid operator REE showed on Tuesday, as a tough recession bit into consumer demand.

REE said demand fell by 2.4% compared with the same month a year ago to 21,646 gigawatt hours. This compared with consumption of 20,655 gigawatt hours in June.

For the first 7 months of the year, demand was down 1.7% from the same period in 2011.

The data also showed wind energy use fell in the month, down 7.3% year-on-year, and made up 13% of total production. Renewable energy accounted for 29.4% of production in July, up from 28.1% in July last year.

Following is a percentage breakdown of Spain's generation mix in July as provided by REE :

SOURCE / PCT

WIND 13.3

NUCLEAR 22.7

CO-GENERATION 12.1

COAL 20.9

GAS 14.9

HYDRO 7.3

SOLAR PV 4.6

THERMAL RENEWABLE 1.9

Comment on this Story

 
This news just paves the way for the old "Spanish Mentality Vicious Circle" : Prices Increase > Demand Falls > Prices go up even further > Demand fall further still !!
Robin Banks - Tue, 31st Jul 2012