Morocco’s Department of Economic Studies and Financial Forecasting (DEPF) has reported a 1.2% electricity production drop ending February after a positive performance in January and a 1% increase a year earlier.
Morocco World News reported that this reduction is due to a joint decline in production of the National Office of Electricity and Drinking Water (2.3%) and private production of 2.4%, alleviated by the strengthening of 44.6% of the projects developed under the law 13-09 relating to renewable energies, the DEPF explained in its note of conjuncture of April 2017. Read more…
Power trade up
According to the DEPF, the north African country’s electricity trade with Spain and Algeria increased by 11.9% at the end of February 2017.
This was due to the increase in the volume of imports of 10.9% after an increase of 17.8% the previous year, bringing the evolution of the net energy to 1.9%, after a 3.1% increase year earlier, Morocco World News reported.
Media reported that electricity demand increased slightly by 0.5% at the end of January and February, after a 2.6% growth in the same period of the previous year.
“The DEPF attributed this increase to the consumption of very high, high and medium voltage, which grew by 1.2%, taking advantage of 2.5% increase of energy consumed by distributors and a 6% increase by the industrial sector.
“By contrast, consumption of low-voltage energy fell by 2.4% at the end of February after a 1.7% increase a year ago, the same source said,” Morocco World News reported. Read more…