Electricity distributed in Portugal rose 1% in the first nine months of the year, driven by the recovery of the industry and services sector, but the decrease in temperature slowed growth in the third quarter, EDP informed the market.
“Electricity distributed in Portugal increased 1% in the nine months of 2021, justified by the recovery of the industry and services sector”, reads the statement sent to the Portuguese Securities Market Commission (CMVM).
However, the decrease in temperature in July, compared to the same month of the previous year, slowed down the growth of electricity distributed in the third quarter.
Until September, renewable energies represent 76% of the electricity generated by EDP.
In this period, the wind generation increased 4%, compared to the same period of the previous year., driven mainly by Europe and Brazil, “as a result of greater resources and installed capacity”.
Pro-forma hydro production in the Iberian Peninsula stood at 10.8 terawatts per hour, a 5% year-on-year increase.
Between January and September, the water generation coefficient in Portugal was 14% above the historical average.
The electric company also said that, since the beginning of the year, went to the portfolio of 1.2 gigawatts (GW) of gross capacity wind and solar energy.
“After the well-defined completion of the asset rotation business in the United States, net additions amounted to an additional 0.8 GW. Overall, installed capacity decreased by 2.4 GW mainly due to the sale of the two CCGT plants in Spain and six hydroelectric plants in Portugal and the closure of the coal-fired plant in Sines”, he added.
With regard to the supply business in the Iberian Peninsula, the volume of electricity supplied “increased slightly in the quarter, despite the significant drop in the number of customers” (20%), justified by the sale of the B2C energy supply activities in Spain.
The average wholesale price of electricity, in the reference period, reached 78.5 euros per megawatt hour (MWh).