Amper Meteo: Growing electricity and gas savings continued in Czechia in Q1

Businesses and households continued to save on gas and electricity in Czechia in the first quarter of this year. Although people had already started saving last year because of rising prices and the outbreak of war, the trend strengthened further this year. The impact of the mild winter was only marginal, Amper Meteo analyst Kamil Rajdl said in a press release. Gas consumption was more than a tenth lower than a year earlier, while electricity consumption fell by around five percent.

After adjusting for the impact of weather and consumption by the Počerady combined-cycle power plant, gas consumption fell by 11.1 percent. Compared with the five-year average for 2017 to 2021, the decline was 18.4 percent. Weather-adjusted electricity consumption was 5.2 percent lower year on year, while savings compared with the five-year average reached six percent. Energy savings were also evident last year, but even more was saved in the first quarter of this year. „Mild temperatures have, of course, also contributed to low gas consumption in recent months, but on average they have not differed from those in previous years. Our analysis shows, however, that saving was by far the dominant factor behind lower gas consumption, while the impact of weather was practically zero,“ Rajdl said.