Kuwait’s power sector is getting some respite after the hot summer months, with electricity demand having fallen sharply in September. This enabled Kuwait to ease the pressure on its power plants, especially its less efficient units, and cut the amount of crude oil and other liquids used as feedstock.
Peak load fell sharply from 14.60GW in August to 13.97GW in September (see chart 1) according to the latest government statistics. Not just was this a large monthly decline, but it was also the first year-on-year decline since June. Peak demand in the previous two months was by far the highest on record, with July’s 14.96GW the all-time high. As the demand surge was in large-part driven by Covid-19 travel restrictions, July’s figure may remain the peak for some time to come. (CONTINUED - 663 WORDS)