Energy consumption in Spain falls 3.7 percent after tightening electricity regulations

Electricity consumption in Spain fell 3.7 percent in the week after the country passed emergency energy-saving measures – despite regional heatwaves that would normally prompt people to turn on the air conditioning, Spain’s Energy and Environment Minister Teresa Ribera said on Tuesday Wednesday.

Strict temperature controls and requirements to turn off lights in public buildings and shop windows are likely to contribute more than half of the savings promised by Madrid as part of its response to an EU-wide push to reduce gas consumption, Ms Ribera said.

Before a winter of uncertain supplies from Russia, the EU had called for a cut in gas consumption.

“We will be able to respond together to Putin’s energy blackmail,” Ms. Ribera told a news conference.

EU officials have accused Russian President Vladimir Putin of using gas flows as a political tool to encourage acceptance of his invasion of neighboring Ukraine.

Close

Russia’s Vladimir Putin and his Defense Minister Sergei Shoigu

Compared to the same week last year and taking into account other factors such as temperature and work patterns, electricity consumption fell by 6 percent, Ms Ribera’s ministry said in a statement.

EU countries have agreed to cut gas consumption by 15 percent and fill storage facilities in preparation for a potential disruption in supplies from Russia. Before the invasion of Ukraine, 40 percent of EU supplies went to Russia.

Given the limited capacity to export excess gas to its neighbors, Madrid agreed to a 7 percent cut. Spain relies on combined cycle power plants for much of its electricity. These plants generated 31 percent of the country’s electricity in July.

Ms Ribera also said a mechanism introduced by Spain and Portugal in June to temporarily subsidize the cost of fossil-fuel power plants is having the desired effect, dragging down electricity prices.

She said consumers whose bills are linked to the wholesale price or who have recently renewed their supply contracts have saved €1.38 billion over the past two months thanks to the mechanism.

https://www.independent.ie/business/spanish-energy-use-falls-37pc-after-rules-on-electricity-tightened-41919355.html Energy consumption in Spain falls 3.7 percent after tightening electricity regulations

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button