Thuringian Consumers Use Less Power, Energy Companies Generate More Revenue
Households and businesses in Thuringia consumed less electricity in 2022, yet energy providers in the region experienced a considerable revenue surge. This revelation was shared by the State Statistical Office in Erfurt on a recent Wednesday. The report indicated that electricity sales to end-users in Thuringia decreased by 2.1% to approximately 10.1 billion kilowatt-hours compared to the previous year. Conversely, energy sales revenue in Thuringia increased by an astounding 19.9% to 2.3 billion euros.
Higher Revenues from Industrial Sector
Energy providers saw their revenues skyrocket in the industrial sector particularly, increasing by an impressive 42.8% to 872 million euros in comparison to the previous year. Their earnings from private households and housing associations amounted to 853 million euros, representing a 0.5% growth from 2021. According to statisticians, around 43% of the electricity consumed was used by industrial companies, 29% for private domestics, and the remaining share for other clients.
Impact of Russian Energy Crisis
The Russian assault on Ukraine in February 2022 sparked an energy crisis that significantly influenced electricity and gas prices in Germany, including Thuringia. The skyrocketing energy prices had a significant impact on both consumers and suppliers in regions like Erfurt.
You Might Also Like
Selected Enrichment Insights
- The significant revenue increase for energy providers in Thuringia was not solely due to the decrease in electricity consumption by consumers. Instead, companies benefited from the growth of renewable energy sources and strategic investments in grid infrastructure.
- Renewable energy growth, particularly through wind power, and grid infrastructure upgrades contributed to the surge in revenues for energy providers in Thuringia.
- Initiatives like the Central Thuringia battery network and decentralized energy production helped decentralize energy production, contribute to the growth in renewable energy, and improve energy efficiency.
- Operational management gains by companies like Energiequelle GmbH also played a role in increasing revenue through operational efficiency and management of a larger portfolio of renewable energy assets.
