The Power consumption in Australia reached 236,799 GWh in 2020
The indicator recorded a historical decline at a CAGR of 0.84% between 2017 to 2020
Power Consumption in Australia recorded a YoY decline in 2020
An increasing population and economic growth are expected to positively influence electricity consumption in Australia. Consumption increased at a low-single digit CAGR between 2000 and 2020. The power consumption in the country is driven by commercial and residential sector. The power consumption in the country has remained at almost the same level except a slight decline in 2020 owing to the spread of COVID-19 pandemic leading to slowdown of economic activities in the country.
In 2020, commercial sector has the dominant share in power consumption. This was followed by residential and industrial sectors.
Power consumption is the net electricity consumed by the end users by excluding losses and own consumption and after adjusting exports and imports in a calendar year (fiscal year in some cases). The unit is represented in Gigawatt hours (GWh) and the scope is limited to historic period.
Impact of COVID-19
Compared to other country, the power sector in Australia was able to contain the negative impact of the spread of pandemic. However, almost the regions in the country observed a demand reduction. Victoria, Queensland, South Australia observed the major demand reductions whereas in Tasmania, and South Australia demand reduction was very less. As per AEMO, operational demand reduced across the NEM, with the largest reductions being observed in Queensland and New South Wales as these regions experiencing the biggest uptake of rooftop PV.
Related Companies
In 2020, Australia’s power generation market is dominated by AGL Energy Ltd. This was followed by Origin Energy Ltd and Snowy Hydro Ltd.
AGL Energy Ltd (AGL) is an integrated energy company that owns, operates and develops energy assets and provides natural gas, electricity, solar photovoltaic solutions and related products and services. The company’s power generation portfolio includes coal, gas, hydro, wind, solar, landfill and biomass-based power generation facilities. It also invests and operates natural gas exploration, development and production tenements and operates natural gas storage facilities. The company serves wholesale markets, consumer markets and business customers across New South Wales, Victoria, South Australia and Queensland in Australia. AGL is headquartered in Sydney, Australia.
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