Industry back to pre-pandemic levels despite energy crisis

The country’s industrial sector is proving to be resilient amid the energy crisis, judging by its energy consumption patterns, up 3.2 percent in November, compared to the equivalent month a year earlier, according to data provided by power grid operator IPTO in its monthly report.

Overall high-voltage electricity demand in November reached 555 GWh, almost to the pre-pandemic level of 563 GWh that had been recorded in November, 2019.

Export activity by the heavy industry sector has risen, reflecting these electricity demand figures. However, industrial players have had to deal with rising energy costs over the past few months. Producers are inevitably passing on increase energy costs to consumers.