Electricity Consumption Increases 2% yoy In 2005.

Ukraine has increased its domestic consumption of electricity by 1.9% yoy. The growth leaders were households, the housing sector and food/agricultural sector. The fuel and metal industries had the lowest grow rates.

Electricity Consumption 2005

 

TWh

% of total

Change yoy

Metallurgy

40.8

30%

-2%

Households

26.4

19%

7%

Housing

15.3

11%

5%

Fuel Industry

10.3

7%

-3%

Transportation

9.2

7%

-1%

Food & Agriculture

7.6

5%

5%

Chemical Industry

7.4

5%

2%

Machinery

7.0

5%

-1%

Other

13.8

10%

6%

Total

137.8

100%

2%

Source: Fuel and Energy Ministry

Concorde Capital: The high growth rate of household consumption is connected to the increased incomes of the Ukrainian population: electric devices (air conditioners, microwave ovens, washing machines) are becoming more common place. We expect this segment to be a driving force behind electricity consumption growth for the next few years.