Monthly Report on the Electricity System April 2024
Monthly Report on the Electricity System
April 2024
2
Monthly Report on the Electricity System
April 2024
Energy
Balance
Sheets
page 5
Electricity System
page 14
In April, electricity demand was 23,492 GWh, an increase compared to the same month of the previous year (+1.1%) and down compared to April 2022 (-4.2%). There was also a drop in foreign exchange (-28.9%) compared to the same month of 2023. In 2024, electricity demand (101,204 GWh) was higher compared to the same period in 2023 (+0.8%) but was lower compared to the cumulative figure for 2022 (-3.5%). The value of electricity demand was achieved with two more working day (20 vs 18), and with an average monthly temperature that was 1.5°C higher compared to April of last year. The adjusted figure results in no change (+0.0%). The annual trend of April 2024 (compared to April 2023) for the industrial electricity consumption index was positive (+1.0%) with raw data.
In March 2024, 34.2% of the electricity demand was met via production from Non- Renewable Energy Sources, 51.2% via Renewable Energy Sources and the remainder via foreign exchange. In April, production from Renewable Energy Sources increased (+43.8%) compared to the same month of the previous year. In 2024 the operating capacity of renewables increased by 2,356 MW. This value is 736 MW higher (+45%) compared to the same period of the previous year. In the first four months of 2024, photovoltaic operating capacity increased by 2,167 MW. During the same period of 2023 the increase was 1,419 MW, recording an increase of 748 MW (+53%). In the first four months of 2024, operating capacity increased by 209 MW. During the same period of 2023, the increase was 195 MW, which is an increase of 14 MW (+7%).
Electricity Market
page 19
The April 2024 total for withdrawal programmes on the DAM was approximately €1.8 Bn, (-12%compared to the previous month and -36% compared to April 2023).
In April 2024, the spread between average bid-up and bid-down prices on the MSD was€94/MWh, (+8% compared to the previous month and -13%compared to April 2023). Total volumes increased compared to the previous month (+2%).
In April 2024, the spread between bid-up and bid-down prices on the MB was €138/MWh (+7% compared to the previous month and - 26% compared to April 2023. Total volumes increased compared to the previous month (+16%).
3
Monthly Report on the Electricity System
April 2024
4
Monthly Report on the Electricity System
April 2024
Energy Balance Sheets
Monthly Summary and Short-Term Analysis
In April, electricity demand was 23,492 GWh, an increase compared to the same month of the previous year (+1.1%) and down compared to April 2022 (-4.2%). There was also a drop in foreign exchange (-28.9%) compared to the same month of 2023.
In 2024, electricity demand (101,204 GWh) was higher compared to the same period in 2023 (+0.8%) but was lower compared to the cumulative figure for 2022 (- 3.5%).
Demand breakdown - coverage by sources
[GWh] | Apr 2024 | Apr 2023 | % 24/23 | Jan-Apr 24 | Jan-Apr 23 % 24/23 |
In April 2024, there was a notable increase in renewable
Renewable Hydro
Pumping Production(2)
Thermal
of which Biomass of which Hard Coal
Geothermal
Wind
Photovoltaic
Net Total Production
Pumping
Net Total Production for Consumption
of which RES (3) of which not RES
Import
Export
Net Foreign Exchange
Electricity demand(1)
4.534 | 1.524 | 197,5% | 14.027 | 6.710 | 109,0% |
213 | 168 | 26,8% | 542 | 575 | -5,7% |
9.378 | 11.240 | -16,6% | 46.180 | 56.247 | -17,9% |
1.264 | 1.135 | 11,4% | 5.169 | 5.049 | 2,4% |
268 | 202 | 32,7% | 1.323 | 6.245 | -78,8% |
438 | 442 | -0,9% | 1.788 | 1.756 | 1,8% |
2.091 | 2.164 | -3,4% | 9.602 | 8.822 | 8,8% |
3.703 | 3.098 | 19,5% | 9.460 | 8.546 | 10,7% |
20.357 | 18.636 | 9,2% | 81.599 | 82.656 | -1,3% |
305 | 240 | 27,1% | 774 | 821 | -5,7% |
20.052 | 18.396 | 9,0% | 80.825 | 81.835 | -1,2% |
12.029 | 8.363 | 43,8% | 40.046 | 30.883 | 29,7% |
8.023 | 10.033 | -20,0% | 40.779 | 50.952 | -20,0% |
3.805 | 5.006 | -24,0% | 21.355 | 19.474 | 9,7% |
365 | 170 | 114,7% | 976 | 943 | 3,5% |
3.440 | 4.836 | -28,9% | 20.379 | 18.531 | 10,0% |
23.492 | 23.232 | 1,1% | 101.204 | 100.366 | 0,8% |
hydroelectric production (+197.5%) and an increase in photovoltaic production (+19.5%), while there was a decrease in thermal production (-16.6%) and wind production (-3.4%), and a slight decrease in geothermal production (-0.9%) compared to the same month the previous year.
In 2024, there was a change in exports, which increased (+3.5%) compared to 2023. The trend in total net production for consumption in April was up (+9.0%) compared to the same month
- Electricity Demand = Net Total Production for Consumption + Foreign Balance
- Pumping production is calculated assuming theoretical efficiency during the pumping phase
- RES Production = Renewable Hydro + Biomass + Geothermal + Wind + Photovoltaic -
Source: Terna
in 2023
The value of electricity demand was achieved with two more working day (20 vs 18), and with an average monthly temperature that was 1.5°C higher compared to April of last year. The adjusted figure results in no change (+0.0%).
In the first four months of the year, national demand grew by 0.8% compared to the corresponding period of 2023 (+0.5% adjusted value).
The short-term data, adjusted for seasonal, calendar and temperature effects, recorded a slight decrease in electricity demand for April 2024 compared to March (-0.8%).
Demand - seasonality adjusted
The value, adjusted for seasonal, calendar and temperature effects, shows negative cyclical change (-0.8%).
Source: Terna
5
Monthly Report on the Electricity System
April 2024
Energy Balance Sheets
IMCEI
The trend for April 2024 (compared to April 2023) was positive (+1.0%) based on the raw data; using the data adjusted for calendar differences, the change is -1.4%. In the first four months of the year, the index remained stationary (+0.4%).
IMCEI short-term analysis (2015 base = 100)
In April, the variation in the monthly index of Italian electricity consumption was positive, compared to April 2023
Source: Terna
The short-term data, adjusted for seasonal and calendar effects, showed a decrease in the industrial electricity consumption index in April 2024 (-1.7%) compared to March.
Monthly Industrial Electrical Consumption Index - IMCEI (2015 base = 100)
When adjusted for seasonal and calendar effects, the monthly figure for April was negative compared to the previous month
Source: Terna
6
Monthly Report on the Electricity System
April 2024
Energy Balance Sheets
IMSER
The annual trend of February 2024 (compared to February 2023) increased by +4.9% with raw data. In the period January-February 2024, electricity consumption in the services sector had increased overall by +5.1% compared to 2023.
Monthly Service Sector Consumption Index (basis 2019 = 100)
In February, the change in the monthly index of Italian electricity consumption for the services sector was positive (+4.9%) compared to February 2023.
Source: Terna elaboration of data based on a sample of distributors
In detail, there was an increase in almost all the monitored categories as of February 2024: Professional, scientific and technical services, Transportation and storage, Information and Communications, Real Estate, Hotels, restaurants and bars, Public Administration and Defence, Trade, Finance and insurance, Education, Health and social care, Veterinary services and Other services.
In the first two months of the year 2024, the categories of Finance and insurance, Health and social care, Veterinary services and Transportation and storage decreased compared to 2023. There was an increase in all the other sectors.
IMSER sector analysis (basis 2019 = 100) - YOY change and annual cumulative contribution of the sectors
The cumulative figure for January- December 2024 was up by +5.1% compared to the same period in 2023.
Source: Terna elaboration of data based on a sample of distributors
7
Monthly Report on the Electricity System
April 2024
Energy Balance Sheets
Energy Demand Mix
In April 2024, 34.2% of the electricity demand was met via production from Non- Renewable Energy Sources, 51.2% via Renewable Energy Sources and the remainder via foreign exchange.
In 2024, electricity demand was 101,204 GWh, 40.3% of which was met via production from Non-Renewable Energy Sources, 39.6% from Renewable Energy Sources and the remainder from the foreign balance.
Demand breakdown - coverage by sources
Coverage of demand from renewable sources grew from 36.0% in April 2023 to 51.2% in April 2024
In 2024 coverage of demand from non- renewables fell from 50.8% in 2023 to 40.3% in 2024
Source: Terna
2024 trend in demand breakdown and difference from 2023 and 2022
In 2024, electricity demand on the grid is higher than 2023 (+0.8%) and down compared to the cumulative figure for 2022 (-3.5%).
In 2024, energy production from renewable sources totalled 40.0 TWh, up compared to 2023 (+29.7%)
Source: Terna
8
Monthly Report on the Electricity System
April 2024
Energy Balance Sheets
Details of Renewable Energy Sources
In April, production from Renewable Energy Sources increased (+43.8%) compared to the same month of the previous year. Specifically, there was a notable increase in renewable hydroelectric production (+197.5%), an increase in photovoltaic production (+19.5%) and a decrease in wind production (-3.4%).
RES Production - Breakdown
In April 2024, the greater contribution of renewable energy sources to the total is attributed to renewable hydroelectric production (37.7%) and photovoltaic production (30.8%)
In 2024 the ratio of renewable hydroelectric production increased while the contribution from the other sources decreased overall compared to 2023
Source: Terna
2024 trend in net production from RES and difference from 2023
In April 2024, production from RES represented 59.1% of total net national production, an increase compared to the same month in 2023 (44.9%).
In 2024, production from RES represented 49.1% of total net national production, an increase compared to the cumulative figure for 2023 (37.4%).
Source: Terna
9
Monthly Report on the Electricity System
April 2024
Energy Balance Sheets
Historical Energy Balance Sheets
In 2024, total net production allocated for consumption (80,825 GWh) met 79.9% of national electricity demand (101,204 GWh).
2024 Historical Monthly Energy Balance Sheet
[GWh] | Jan | Feb | Mar | Apr May Jun | Jul | Aug Sep Oct Nov Dec Total | ||
Renewable Hydro | 3,033 | 2,606 | 3,855 | 4,534 | 14,027 | |||
Pumping Production (2) | 64 | 106 | 158 | 214 | 542 | |||
Thermal | 13,496 | 12,178 | 11,128 | 9,378 | 46,180 | In 2024, net total | ||
of which Biomass | 1,332 | 1,231 | 1,343 | 1,264 | 5,169 | production was down | ||
of which Hard Coal | 345 | 467 | 243 | 268 | 1,323 | |||
(-1.3%) compared to the | ||||||||
Geothermal | 458 | 432 | 460 | 438 | 1,788 | |||
Wind | 2,802 | 2,295 | 2,414 | 2,091 | 9,602 | same period in 2023, and | ||
Photovoltaic | 1,371 | 1,714 | 2,672 | 3,703 | 9,460 | peak electricity demand | ||
Net Total Production | 21,224 | 19,331 | 20,687 | 20,357 | 81,599 | was reached in January, | ||
Pumping | 92 | 151 | 226 | 305 | 774 | with 26,721 GWh. | ||
Net Total Production for Consumption | 21,132 | 19,180 | 20,461 | 20,052 | 80,825 | |||
of which RES (3) | 8,995 | 8,278 | 10,743 | 12,029 | 40,046 | |||
of which not RES | 12,137 | 10,902 | 9,718 | 8,023 | 40,779 | |||
Import | 5,868 | 6,258 | 5,424 | 3,805 | 21,355 | |||
Export | 279 | 145 | 187 | 365 | 976 | |||
Net Foreign Exchange | 5,589 | 6,113 | 5,237 | 3,440 | 20,379 | |||
Electricity demand (1) | 26,721 | 25,293 | 25,698 | 23,492 | 101,204 | |||
Source: Terna
The developments in the monthly balance sheet for 2023 are provided below.
2023 Historical Monthly Energy Balance Sheet
[GWh] | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |||||
Renewable Hydro | 2,053 | 1,530 | 1,604 | 1,524 | 4,145 | 4,878 | 4,402 | 3,884 | 3,546 | 3,269 | 4,125 | 3,284 | 38,244 | |||||
Pumping Production (2) | 135 | 99 | 172 | 168 | 136 | 95 | 104 | 160 | 100 | 137 | 129 | 95 | 1,530 | |||||
Thermal | 15,618 | 14,756 | 14,633 | 11,240 | 10,890 | 12,256 | 15,608 | 12,365 | 13,529 | 12,763 | 11,269 | 13,007 | 157,934 | |||||
of which Biomass | 1,366 | 1,200 | 1,349 | 1,135 | 1,201 | 1,233 | 1,342 | 1,317 | 1,273 | 1,274 | 1,207 | 1,212 | 15,108 | |||||
of which Hard Coal | 2,294 | 1,868 | 1,881 | 202 | 560 | 1,226 | 1,041 | 662 | 914 | 461 | 579 | 419 | 12,108 | |||||
Geothermal | 458 | 414 | 442 | 442 | 462 | 436 | 445 | 439 | 445 | 462 | 444 | 458 | 5,347 | |||||
Wind | 2,281 | 1,816 | 2,561 | 2,164 | 1,519 | 1,034 | 1,347 | 1,735 | 1,645 | 1,863 | 2,968 | 2,441 | 23,374 | |||||
Photovoltaic | 1,092 | 1,721 | 2,635 | 3,098 | 2,928 | 3,515 | 3,868 | 3,738 | 2,991 | 2,277 | 1,534 | 1,198 | 30,595 | |||||
Net Total Production | 21,637 | 20,336 | 22,047 | 18,636 | 20,080 | 22,214 | 25,774 | 22,321 | 22,256 | 20,770 | 20,469 | 20,483 | 257,023 | |||||
Pumping | 193 | 142 | 246 | 240 | 194 | 136 | 148 | 228 | 143 | 195 | 184 | 136 | 2,185 | |||||
Net Total Production for Consumption | 21,444 | 20,194 | 21,801 | 18,396 | 19,886 | 22,078 | 25,626 | 22,093 | 22,113 | 20,575 | 20,285 | 20,347 | 254,838 | |||||
of which RES (3) | 7,250 | 6,680 | 8,591 | 8,363 | 10,255 | 11,096 | 11,405 | 11,113 | 9,900 | 9,145 | 10,278 | 8,593 | 112,668 | |||||
of which not RES | 14,194 | 13,514 | 13,210 10,033 | 9,631 | 10,982 | 14,221 | 10,980 12,213 11,430 10,007 11,754 | 142,170 | ||||||||||
Import | 5,080 | 4,943 | 4,445 | 5,006 | 4,615 | 3,546 | 4,651 | 3,657 | 3,908 | 4,987 | 4,810 | 4,924 | 54,572 | |||||
Export | 352 | 233 | 188 | 170 | 275 | 314 | 323 | 338 | 248 | 211 | 266 | 402 | 3,320 | |||||
Net Foreign Exchange | 4,728 | 4,710 | 4,257 | 4,836 | 4,340 | 3,232 | 4,328 | 3,319 | 3,660 | 4,776 | 4,544 | 4,522 | 51,252 | |||||
Electricity demand (1) | 26,172 | 24,904 | 26,058 | 23,232 | 24,226 | 25,310 | 29,954 | 25,412 | 25,773 | 25,351 | 24,829 | 24,869 | 306,090 |
In 2023, the month with the highest demand for electricity was July, with 29,954 GWh
Source: Terna
- Electricity Demand = Net Total Production for Consumption + Foreign Balance
- Pumping production is calculated assuming theoretical efficiency during the pumping phase
- RES Production = Renewable Hydro + Biomass + Geothermal + Wind + Photovoltaic
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Terna Rete Elettrica Nazionale S.p.A. published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2024 08:36:08 UTC.