Energy consumption stops its decline in November

Electricity consumption, which saw a steep decline in the first nine months of the year, recovered over the last two months, and even saw a rise in the first week of November. Consumption of electricity, one of the few indicators that can give a rapid diagnosis of the state of an economy, was even cited by president Traian Basescu in his speeches, saying that is has more confidence in its progression than in economists’ analyses. Therefore, according to data on the website of Transelectrica (national grid company), the decline in energy consumption in October and November amounted to only 6.6% and 3.4% respectively against the similar periods of last year. “It is true. Over the last two months, as we had anticipated, there was a rebound in electricity consumption at system level. There were two factors that led to an improvement. Firstly there were the low temperatures, especially in October, which led to a rise in energy consumption. Secondly, there were improvements in the industrial sector, as well,” explained Adrian Baicusi, general manager of Transelectrica.