Electricity use in Peru dropped 6 per cent in March, contrary to the normal pattern that sees it generally increases in March as activity resumes following the southern hemisphere’s summer vacation period.
According to BNamericas, the demand pattern “turned south this year,” which would indicate the impact of COVID-19 as the country locked down to contain the pandemic.
On March 6, the government announced Peru’s first confirmed case of COVID-19 and declared a state of emergency and 15-day mandatory quarantine on March 16 that was later extended to April 12.
Information from grid coordinator COES shows that after five years of growth, consumption slid 6 per cent sequentially in March and fell nearly 12 per cent year-on-year.
A review of weekly COES numbers also reveals the substantial drop in power generation. Production rose 3 per cent the week of March 7 to 13 compared with the year-ago period, but output in the weeks of March 14 to 20 and 21 to 27 fell 17 and 31 per cent, respectively.
Previous guidance from the grid coordinator forecast a 4.8% increase in offtake for 2020.
In the three-week period, which falls within the rainy season, thermo generation ” almost entirely fired by natural gas ” fell 54% from a year ago, while production from hydro and renewables remained stable. Gas-fired plants saw their contribution fall from 27% in the week of March 7 to 13 to 13.7% and 3% in the weeks of March 14 to 20 and 21 to 27. Hydro’s share rose from 64.4% to 74.6% and 82%.
Hydro makes up 39% of Peru’s total installed capacity, and the country added more than 168 MW of hydroelectric generating capacity in 2019.