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dc.contributor.authorMatea, María de los Llanos
dc.coverage.spatialEspaña
dc.date.accessioned2023-07-27T11:18:05Z
dc.date.available2023-07-27T11:18:05Z
dc.date.issued2023-07-24
dc.identifier.issn1695-9086 (en línea)
dc.identifier.issn1130-4987 (en papel)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/32629
dc.description.abstractRationale In view of the energy emergency owing to the war in Ukraine, this article analyses how natural gas consumption by households, firms and the electricity sector evolved in 2022 and early 2023, to identify whether the changes are merely conjunctural or structural in nature. Takeaways •Last year was much warmer than usual. This explained households’ lower demand for gas in the first half of 2022, but it was not sufficient to warrant the larger fall in demand in the second half. During the first four months of 2023 the typical temperature-related consumption pattern was restored. •Firms’ demand for gas has been lower than usual since April 2022, including in the first four months of 2023. This lower consumption may partly be on account of energy efficiency improvements and investments in renewables made by firms. •By contrast, in 2022 the electricity sector posted its highest demand for natural gas in recent years, owing to low hydropower and cogeneration output and, especially, to Spanish electricity exports for conjunctural reasons.
dc.format.extent10 p.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofEconomic Bulletin / Banco de España, 2023/Q3, 06
dc.relation.hasversionVersión en español 123456789/30829
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectNatural gas prices
dc.subjectElectricity exports
dc.subjectMeasures
dc.titleHow natural gas demand has evolved in 2022-2023
dc.typeArtículo
dc.identifier.bdebib000474691
dc.identifier.bdepubECBU-2023-Q3-06
dc.subject.bdeServicios públicos
dc.subject.bdeEconomía del consumo y del ahorro
dc.subject.bdeOrganización industrial
dc.publisher.bdeMadrid : Banco de España, 2023
dc.subject.jelL00
dc.subject.jelM21
dc.subject.jelQ49
dc.identifier.doihttps://doi.org/10.53479/32629
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