Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s economy uses 7.5% less electricity in Jan-Aug

Romania's electricity consumption decreased to 35.1 TWh in January-August, 5.1% less than in the same period last year.

The overall end-user consumption was dragged down by the 7.5% year-on-year plunge in non-residential use of electricity amid subdued economic activity in industry and services (offices, retail).

The household electricity consumption increased by 3.5% yoy - but the 0.29 TWh increase (to 8.56 TWh) was far from balancing the 2.13 TWh drop in the demand for electricity in the non-residential sector (economy).

Speaking of the raw energy resources, the consumption in the first eight months of the year dropped by 12% compared to the same period of 2019, to 20.4 million tonnes of oil equivalent (toe).

Steeper declines were seen in the consumption of coal (-36.2%), crude oil (-16%), and natural gas (-10.4%).

(Photo: Pexels)

[email protected]

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s economy uses 7.5% less electricity in Jan-Aug

Romania's electricity consumption decreased to 35.1 TWh in January-August, 5.1% less than in the same period last year.

The overall end-user consumption was dragged down by the 7.5% year-on-year plunge in non-residential use of electricity amid subdued economic activity in industry and services (offices, retail).

The household electricity consumption increased by 3.5% yoy - but the 0.29 TWh increase (to 8.56 TWh) was far from balancing the 2.13 TWh drop in the demand for electricity in the non-residential sector (economy).

Speaking of the raw energy resources, the consumption in the first eight months of the year dropped by 12% compared to the same period of 2019, to 20.4 million tonnes of oil equivalent (toe).

Steeper declines were seen in the consumption of coal (-36.2%), crude oil (-16%), and natural gas (-10.4%).

(Photo: Pexels)

[email protected]

Normal
 

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