Energy demand in February 2021

Energy    Mar 15, 2021 4:06 PM

XM, operator of the National Interconnected System (SIN) and administrator of the Wholesale Energy Market (MEM), reported on the behavior of this metric in February 2021.

Energy demand decreased 2.0% to 5,668GWh in February 2021 compared to same period last year (5,988GWh), XM said in a statement.

The Operator explained that the regulated market represented 69.46% of the total demand in February; this metric was 3,920GWh in February 2021, while it was 4,072GWh same period previous year.

The unregulated market represented the remaining 30.54% of the demand, decreasing 5.59% to 1,724GWh in the same period.

The CQR region (Caldas, Quindio and Risaralda) reported a 4.57% increase in energy demand during February 2021; the South area reported a 2.79% increase, followed by the Guaviare region (2.0%), Caribbean (1.56%), and Antioquia (0.1%).

On the other hand, the Choco, Center, THC (Tolima, Huila, Caquetá), Valle and Eastern reported decreases of 5.32%, 5.16%, 3.79%, 3.66% and 2.96% respectively.

Bottom-Line: February 2020 was still free from Covid-19 impacts in Colombia so lower numbers this year should not be a surprise. Energy demand began to show signs of recovery at the end of the year but still has not caught up.

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