Spain: Electricity Demand for Endesa's Distribution Market Increased by 8.02% in 2003
Electricity demand for Endesa's Spanish distribution market amounted to 101,635 GWh in 2003, an 8.02% increase against the previous year.
On a homogeneous basis, electricity demand in the mainland for Endesa was 88,870 GWh, a 7.84% increase against 2002 and compared to a 6.07% rise for the total sector, including Endesa. This growth is explained by the fact that the markets where Endesa operates are the ones with the highest economic development in Spain.
In the islands, the demand increased by 9.4% year on year, with a total of 12,765 GWh distributed. During 2003, Endesa invested approximately Euro 746 million in its distribution business in Spain, an increase of 13% compared to 2002.
In 2003, Endesa's market share in distribution in Spain, including the extra peninsular systems, was 45.4% vs. 44.6% the previous year, and in the Spanish mainland it was 39.7% compared to 39.1% in 2002.
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