Changing Habits and the Electricity Market

Due to changes in people's habits, energy consumption in commercial establishments, offices and industrial complexes has decreased, contrasting with the rise in demand in residential areas.

Tuesday, November 3, 2020

The quarantines and restrictions on mobility that Central America has experienced due to the covid-19 outbreak and the latent risk of contagion, has caused radical changes in the region's electricity market.

In Costa Rica, for example, in the first eight months of the year, considerable drops in energy sales to the industrial and commercial sectors were reported. Companies such as the Costa Rican Electricity Institute (ICE), the National Power and Light Company (CNFL), Coopeguanacaste, the Heredia Public Service Company (ESPH), the San Carlos Rural Electrification Cooperative (Coopelesca) and the Cartago Electric Service Administrative Board (Jasec) have recorded declines.

You may be interested in "Energy Sector: Outlook for the Region"

Carlos Murillo, Coopelesca's Manager of Associate Services, explained to Nacion.com that "... the effect on income is approximately 10%, especially considering the effect on tourism and commerce, which had a significant decrease."

According to Murillo "... the drop in sales forced them to reduce investments for improvements in the network, maintenance and new electrical works, and could have consequences on the attention to the continuity and quality of the equipment."

In contrast to this decline, data from the Regulatory Authority of Public Services (Aresep) states that from January to August of this year ICE, CNFL, Jasec, ESPH and Coopelesca, have increased their electricity sales in residential areas. This phenomenon is explained by the preference of people to stay longer in their homes.

Costa Rica is not the only country in the region where this phenomenon has been reported, since according to reports from the General Comptroller of the Republic of Panama, in this scenario of changing population habits, in the local market during the first eight months of the year the demand for electricity from homes amounted to 2,207 million kwh, an amount 6% higher than that reported for the same period in 2019.

Reports show that consumption in commercial establishments fell by 26%, from 2,628 million kWh to 1,936 million kWh, for the periods in question. In the case of industry consumption decreased by 29%.



More on this topic

Energy: Commercial Sector Consumption Recovers

January 2021

In Panama during May 2020 the demand for electricity from the commercial sector bottomed out, as consumption fell to 195 million kwh due to the pandemic, but in the following months the figures improved and in November the turnover rose to 297 million kwh.

Although the cumulative figures from January to November 2020 show that consumption in commercial establishments fell by 26% compared to the same period last year, a significant recovery was reported in the last months of last year.

Transforming the Nicaraguan consumer

May 2020

The outbreak of covid-19 generated strong changes in the dynamics of the markets in the region, and in this context, in Nicaragua consumers have decreased by 16% their visits to supermarkets and have increased their interest in e-commerce services.

The interactive information system developed by CentralAmericaData monitors in real time the changes in consumer habits in all the markets of the region, with detailed information that is fundamental to understanding the new commercial environment that has emerged in an accelerated manner.

Latest Changes in Consumers

May 2020

Given a scenario of social distancing and changing shopping habits, consumers in Panama have decreased their visits to supermarkets and interest in e-commerce services has grown.

The interactive information system developed by CentralAmericaData, monitors in real time the changes in consumer habits in all markets of the region, with detailed information essential to understand the new commercial environment that has emerged in an accelerated manner.

Electricity Rates Decreased in Panama

March 2020

As part of the measures to mitigate the effects of the covid-19 crisis, the government decreed a 30% reduction in the tariff for customers consuming between 301 kWh and 1000 kWh.

The measure will grant a 50% reduction in electricity rates to customers consuming from 0 to 300 kWh, which represents about 70%, reported the National Public Services Authority (Asep).

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica ECO-Residential Development & Business

Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available.
The Ocean Ranch eco-residential development is located...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(May 14)
Brent Crude Oil
68.5
Coffee "C"
145.00
Gold
1,844
Silver
27.460