BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Electric Power

European 2015 power demand up just 0.4% as Dec erases gains: SocGen

Metals | Steel

Insight Conversation with Arnoud Balhuizen, BHP Chief Commercial Officer

Electric Power

Platts M2MS-Power

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Conference

Oil

Factbox: No-deal Brexit risks rise for commodity markets

European 2015 power demand up just 0.4% as Dec erases gains: SocGen

* December decline of 5.5% biggest monthly drop in 2015
* Rebound mainly due to cold Q1, summer heatwave
* Structural power demand still below 2009 levels

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

European electricity demand in 2015 was just slightly above 2014 levels as a very mild December saw demand plunge 5.5% from December 2014, erasing most of the temperature-driven demand gains earlier in the year, according to analysis by Societe Generale Commodities Research.

The SocGen data is based on a focus group model of demand figures from France, the UK, the Netherlands, Belgium, Spain, Portugal, Italy, Denmark, Poland and Greece, representing some 63% of total EU power consumption. It does not include Germany.

For the whole of 2015, the SG Elec Pulse registered an increase of 0.4%, the bank said, adding that a "return to more normal weather and a warm summer have contributed to slightly higher consumption" after demand dropped 2.6% in 2014.



Overall, however, demand for electricity in the market area covered by the index remains below 2009 levels despite the economic rebound since the financial crisis, with the annual growth rate calculated at nearly minus 2%.

"Once again, we remark that this is a structural change and that -- even if demand were to recover in 2016 -- the actual weather-independent growth is likely to be tame," the SocGen analysts said in their note.

In last year's annual note, SocGen had said that historic data suggests "we are past peak demand" and that it was "clear that the current multi-year decreasing trend is here to stay." Compared to the peak in 2008, demand in 2015 was still down 7% or nearly 150 TWh for the 10 nations covered, the data shows.

Domestic power demand in Europe's biggest power market Germany, which is not included in the SocGen focus group, is estimated to have risen 0.4% in 2015 compared to 2014, German utility group BDEW said in December.

--Andreas Franke, andreas.franke@platts.com
--Edited by Alisdair Bowles, alisdair.bowles@platts.com