Metropolitan construction companies increased energy consumption by 3.6%

From January through October 2023, metropolitan construction companies increased their energy consumption to more than one billion kilowatt-hours. This is 3.6% more than in the same period of 2022. This was reported by Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

"Companies in the construction sector for 10 months showed the largest increase in energy consumption among the sectors of the capital's economy - by 3.6%. This is due to the implementation of large infrastructure projects, construction of social and commercial facilities. In particular, more than 11 million square meters of real estate objects were commissioned in Moscow in January-October 2023. The volume of completed construction works, including current construction, as well as repair and reconstruction works, increased by 10.6% in comparable prices compared to 10 months of last year", - said the Deputy Mayor. 

At the same time, urban electric transport increased its energy consumption by 2.9% to 2.37 billion kilowatt-hours. This indicator shows the development of the capital's transportation system, primarily the metro, as well as the demand for new transportation arteries among citizens. Electricity consumption by industrial facilities increased by 0.9% - up to four billion kilowatt-hours.

According to the Department of Economic Policy and Development of Moscow, the capital's business in January-October this year increased energy consumption to 26.4 billion kilowatt-hours. This is 1.6% more than in the same period of 2022. The increase in electricity consumption is an important indirect indicator of business activity: the more goods and services companies produce, the more electricity the commercial sector needs. Thus, we can talk about the sustainable development of the urban economy, the department noted.