Energy Consumption Decline: Comerc Index Reports a 0.27% Drop in Energy Consumption in October

Written by Paulo Nogueira

Published on 25/11/2021 at 20:56

Updated on 25/11/2021 at 22:21

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Energy Consumption Decline in October Was Felt Across Several Sectors. Factors Beyond Increased Electricity Bills Are Involved in the Issue.

According to the Comerc index, the main sectors of the economy experienced a slight decline in energy consumption in October. Although it was a retraction of only 0.27%, the decrease in energy use by some sectors was offset by an increase in energy consumption from others.

The decline within the historical margin was driven by the Retail (0.11%), Manufacturing (3.56%), Auto Parts and Vehicles (3.66%), and Electromechanics (4.61%) sectors.

Consumption Fluctuation May Not Be Solely Related to Increased Electricity Bill Amounts

In contrast to the declining sectors, there were five sectors with an increase in consumption: Pulp and Paper (0.29%), Steel and Metallurgy (1.40%), Construction Materials (1.51%), and Packaging (1.71%).

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The increases in energy consumption shown by the Comerc index are not solely due to the escalation in electricity prices caused by the water crisis.

Among the markets experiencing the largest declines in October this year, we can also observe the influence of another crisis, a global one, that many markets are currently facing: the chip crisis.

In fact, the most extreme declines were observed in markets that, in some way, were negatively affected by the difficulties producers faced in supplying the chip market fully.

Additionally, it is noteworthy that there was an increase in energy consumption during this October, where we see, for example, the paper and pulp sector, which experienced a considerable increase in demand due to the rise in consumption of hygiene wipes, driven by the pandemic.

The packaging market also saw a significant increase in its activities due to the rise in online purchases caused by Covid restrictions.

Another aspect to consider is the decrease in energy consumption also caused by self-generated energy.

Various markets are rethinking their energy matrix in light of rising grid electricity prices, considering self-generation possibilities.

energy consumption decline, electricity bill generation — **the pulp and paper industry is growing due to demands arising from the pandemic. Image source: correiasinudstriais.com.br**

A clear example of this is the number of pulp and paper companies that have set up or are in the process of establishing small thermoelectric plants, using their own chips and other waste from the paper and pulp production to generate at least part of the energy used in the factory.

Another detail to highlight is the increase in the installation of solar panels in companies. According to the monthly energy report, there was a 67% increase in solar energy generation in Brazil in 2021, partly related to companies and industries.

Energy Consumption Decline: Comerc Index Reports a 0.27% Drop in Energy Consumption in October

Energy Consumption Decline in October Was Felt Across Several Sectors. Factors Beyond Increased Electricity Bills Are Involved in the Issue.

Consumption Fluctuation May Not Be Solely Related to Increased Electricity Bill Amounts

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Energy Consumption Decline: Comerc Index Reports a 0.27% Drop in Energy Consumption in October

Energy Consumption Decline in October Was Felt Across Several Sectors. Factors Beyond Increased Electricity Bills Are Involved in the Issue.

Consumption Fluctuation May Not Be Solely Related to Increased Electricity Bill Amounts

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BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

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