Weather slightly warmer than in 2008
Whereas the economic trend is primarily reflected in the level of demand for energy from industrial enterprises, household energy consumption is significantly influenced by weather conditions. This reflects the fact that residential heating depends on temperatures, causing revenue and earnings to fluctuate from one season to the next. We achieve approximately two-thirds of our gas sales in the winter and autumn (first and fourth quarters). Weather conditions can also influence how fiscal years compare to one another. Temperatures in our core markets, i.e. Germany, the UK and Central Eastern Europe, were much lower year on year in the winter months. In the spring and summer, however, they were higher, especially in Continental Europe. As a result, the weather during the reporting period as a whole was slightly warmer. In addition to energy consumption, weather conditions also influence the generation of electricity, mostly from wind turbines. Due to the colder winter, there was much less wind in Germany in the first quarter compared to the same period last year and to the long-term seasonal average. There was slightly more wind in the spring, while in the summer, wind levels were roughly in line with benchmarks. In summary, there was a marginal decline in the period being reviewed.
Economic crisis reduces energy consumption in RWE’s core markets
The recession left deep marks on energy consumption. However, the negative economic effect was somewhat mitigated by relatively stable demand for electricity among households and in the service sector. Based on available data, electricity usage in Germany was about 7 % lower than in the first three quarters of 2008. It was also down in the UK (–6 %), Poland
(–6 %), Hungary (–5 %) and Slovakia (–9 %). Gas consumption was greatly influenced by the economic trend as well. In Germany and the Czech Republic, it decreased by an estimated 7 %, dropping 11 % in the UK and as much as 22 % in Hungary.