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Iran expects electricity demand peak of 72GW for next summer

Iranian authorities expect electricity demand will reach a record of 72 gigawatts next summer.

Iran’s state electricity company Tavanir expects demand for power in the country will reach a record of 72 gigawatts (GW) in peak consumption days over the summer of 2023.

Tavanir’s CEO Arash Kordi said on Sunday that the figure will be an increase of 3.66% from annual peak electricity usage seen last month.

Kordi said, however, that launching new power plants across Iran will go ahead as planned as he insisted that Tavanir will meet a target of connecting 6 GW of new capacity to the power grid by late September.

On the consumption side, the official said Iran had managed to avoid any power cuts in the household sector over the hot summer days in August. He said a stable supply of electricity to Iranian manufacturers this year helped control cement and steel prices and led to an increase in manufacturing exports from the country.

Kordi described as successful a new scheme introduced by Iran’s Energy Ministry in May which for a first time allowed the allocation of credits to electricity bills of low-consuming customers.

He said some 8 trillion rials ($26.6 million) had been allocated under the scheme over the hot months starting late May.

The official said discounts and credits had been awarded to more than 16 million electricity customers in Iran, adding that bills issued for heavy consumers had skyrocketed this summer because of a new pricing mechanism adopted by Tavanir.

Kordi said government estimates show electricity use by crypto currency miners in Iran is currently around 1.2 to 1.5 GW, adding that the crypto mining in the country had expanded both in terms of size and geographical locations compared with last summer.

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