Consolidated free and captive electricity consumption (3,016.1 GWh) growth in Energisa Group’s concessions was 4.3% in May compared with the same month last year. If unbilled sales are included, the volume in the month was 3,012.5 GWh, compared with 2,865.8 GWh in the same May 2018, an increase of 5.1%. The increase was primarily driven by industrial and residential consumption, which rose by 7.6% and 5.3% respectively.
Residential consumption rose at nine of our eleven distribution companies in the month, propelled by greater consumption in the concession of EMG (+12.4%), followed by ESE (+12.3%) and EPB (+10.3%). This result was driven by hotter than average temperatures.
Industrial consumption, in turn, was driven by the food sector, rising 9.8%. This increase could be linked to the impact of Asian swine flu in China, ramping up demand for Brazilian meat products in May. Moreover, the changes reflect the low comparison basis triggered by the truck driver strike which dampened the performance of this consumer sector in the same period last year.
In the first five months of 2019, Energisa Group’s captive and free electricity consumption (15,027.9 GWh) increased by 4.1% over the same period last year. If unbilled sales are included the volume rises to 15,059.7 GWh, an increase of 4.6% over the same period of the previous year.
All distribution companies experienced growth in the first five months of 2019, with EMT, best performance since 2013, and EMS leading the pack with (+5.4%) each, followed by ETO (+5.2%) and ESS (+4.9%). The strong performance in the midwest (+5.4%) and south and South-east regions (+4.4%) was driven by the warm weather and greater dynamism in agribusiness sector.
Click here to read the Investor Relations Newsletter, edition June 2019.