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2021-10-01 09:49
Bureau of Energy, Ministry of Economic Affairs

Global Economic Recovery, Domestic Energy Consumption Rises by 5.7% in the First Half of 2021

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Global Economic Recovery, Domestic Energy Consumption Rises by 5.7% in the First Half of 2021
With Western countries gradually lifting lockdown and promoting projects of infrastructures, and the continual business opportunities of applications of emerging technology, the overall economic growth has escalated. Consequently, domestic energy consumption rose by 5.7% in the first half of 2021(this period) compared to the first half of 2020(the same period last year) (figure 1). Energy supply, on the other hand, dropped by 1.5%. The productivity rate of refineries has not yet  resumed to the level before the global COVID-19 outbreak, since the pandemic is yet to be fully stabilized, leading to a sharp decrease of 12.2% in import of crude oil.

The reasons for changes in domestic energy consumption compared to the same period last year are listed below:

1.Industrial sector (accounting for 63.0%, including non-energy use of petrochemical materials):  The international community's demands for products of new technological applications and traditional commodities remain high, stimulating domestic productivity to expand and driving the energy consumption of industrial sector to soar by 9.8%.

2.Transportation sector (accounting for 14.3%): In May 2021, COVID-19 outbroke in Taiwan.  People were forced to stay home with Level 3 Alert in place. Traffics decreased, and so did the consumption of oil for transportation oil; this led to a 4.1% reduction of the energy consumption in transportation sector.

3.Residential sector (accounting for 7.5%): People stayed home for longer periods due to Level 3 Alert, causing the residential use of electricity to climb and energy consumption in residential sector to increase by 2.5%.

4.Service sector (accounting for 6.2%): With orders of wholesale and retail increasing, energy consumption rose accordingly. Furthermore, government agencies had to remain on duty for longer periods due to the local COVID-19 outbreak, so energy consumption in public administration increased, causing energy consumption in service sector to go up by 3.4%.

Moreover, the main change in the structure of electricity generation took place in coal-fired generation, which dropped to 44.2%, compared to 44.5% in the same period last year. As for the growing renewable energy generation, though hydro generation had been affected by limited rainfall, installed capacity of solar photovoltaic continued to grow, driving solar photovoltaic generation to increase by 25.9% (figure 2).

In summary, domestic energy consumption continued to grow as the overall domestic productivity was driven by the desperate demands of major economies during this period. Yet, the pandemic has not been stabilized in most countries due to the spread of COVID-19 variants, interrupting the global supply chain. The ensuing development of the pandemic and the local economy will affect the trend of domestic energy supply and demand in Taiwan.

All the above-mentioned data are disclosed in the "Energy Statistics Monthly (Jun. 2021)", and the link is provided below.
https://www.moeaboe.gov.tw/ECW/populace/web_book/WebReports.aspx?book=M_CH&menu_id=142

Spokesperson for Bureau of Energy, Ministry of Economic Affairs: Deputy Director-General, Chun-Li Lee
Phone Number: 02-2775-7700
Mobile: 0936-250-838
Email: chunlee@moea.gov.tw

Business Contact: Director, Ming-Chih Chuang
Phone number: 02-2775-7710
Mobile: 0936-889-606
Email: mcchuang@moea.gov.tw
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