Thursday, 3 November 2011

Growth in power consumption accelerates

Mariae Francesca C. Ramos
BusinessWorld
Read full article: http://www.bworldonline.com/Research/economicindicators.php?id=0513

ELECTRICITY CONSUMPTION rose faster in 2010 than in the previous year, fueling worries that the country’s power generating capacity might not be able to meet the growing demand.

Total power consumption increased by 9.4% to 67,743 gigawatt hours (GWh) last year from 61,934 GWh in 2009, when the annual growth rate was only at 1.8%, data from the Department of Energy (DoE) showed.

Overall consumption has been rising since 2000, when it was pegged at only 45,290 GWh. Cid L. Terosa, senior economist at the University of Asia and the Pacific, said this is an indication of a healthy economy. “The higher the power consumption, the higher the economic activity, the higher the economic growth,” he said.

Power consumption went up across all sectors in 2010 — by 7.6% to 18,833 GWh for residential, by 10.2% to 16,261 GWh for commercial, by 8.7% to 18,576 GWh for industrial, and by 4.8% to 1,596 GWh for other sectors. The power utilities themselves accounted for the rest of the electricity consumed last year.

Meanwhile, the country’s installed generating capacity grew by just 4.8% to 16,359 megawatts in 2010 from 15,610 MW the previous year.

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