Energy consumption decreases

In Nicaragua, electricity consumption in the industrial sector fell 4% between March and August of this year, mainly due to the political and social crisis the country is currently experiencing.

Thursday, October 4, 2018

Sergio Maltez, president of the Nicaraguan Chamber of Industry (Cadin), explained to about the reduction in electricity consumption that "... This reduction in the sector could be the result of less activities in construction and mining. In both the construction industry and non-metallic mining, several projects have been stopped. In addition, when the crisis began, some companies temporarily closed and evidently did not consume the same percentage of energy'."

See "Central America: $1.6 billion in Energy Projects"

According to statistics from the Central Bank of Nicaragua (BCN), other economic activities also reported a decrease in electricity consumption between March (the month prior to the crisis) and July, which is the case of the commercial sector that reported a fall of 2%.

On the other hand, Juan Carlos López, coordinator of the Centro Juridico Social de Ayuda al Consumidor (ICJSAC), noted that "... It is possible that the fall in consumption is higher and that the information has been covered up by the BCN. In the current context is observed a lower consumption because several companies have closed, others are working with half gas, and households are also saving energy, since the head of the household lost the job and the situation may become worse."

See Industrial and Commercial sector consumption.

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Central America: Energy Consumption Drops 8%

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Due to the drop in economic activity generated by the covid-19 crisis, a 7.9% reduction in domestic electricity consumption was reported in the region between March and June 2020, when compared to the levels of the same period in 2019.

Regarding the reduction of internal consumption of electricity in the countries from March to June 2020, we have that Guatemala had a drop in its demand of 239 GWh (Gigawatt hours), which corresponds to 6.6% compared to the consumption of electricity in 2019, in the case of El Salvador with a reduction of 335 GWh, equivalent to 15.4%, says a report from the Regional Operating Agency (EOR).

Low Fuel Consumption

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Because of the political and economic crisis affecting the country, diesel consumption in Nicaragua is reported to have fallen 5.3% between January and May compared to the same period in 2018.

Statistics of hydrocarbon sales of the Ministry of Energy and Mines (MEM) during the first five months of 2019 the consumption of super gasoline reported a 2.5% decrease compared to the same period last year, and in the case of regular gasoline registered a slight increase of 0.3% for the periods concerned.

Electricity Costs: Disadvantaged Industrialists

April 2019

Nicaraguan companies in the industrial sector pay between $0.20 and $0.22 per kWh, while in other Central American countries the price ranges between $0.11 and $0.18 per kWh.

Data from a regional energy study by the Federation of Chambers of Commerce of the Central American Isthmus (Fecamco) reveal that for the industrial sector in Guatemala it pays the least for electricity and that of Nicaragua it assumes the highest costs in the region.

Nicaragua Acquires Less Capital Goods

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The decline in economic activity is the reason for the year-on-year decline of 36% reported in the capital goods imports up to August this year.

According to figures from the Central Bank of Nicaragua (BCN), between August 2017 and the same month of this year, imports of capital goods registered a fall of 35.8%, declining from $107 million to $69 million.

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