Page 33 - RSB Annual Report 2019 English Final

Losses, measured as the difference between sales and production, were 9%, up from 6% in 2018. Increased losses occurred at just two of the DC providers. Metering inaccuracies were blamed in cases where energy sold amounted to more than energy produced. Correctly installed and operated meters are accurate to within one percent and any small errors are unlikely to be systematic and will thus cancel each other out. Companies should ensure meters are installed according to the manufacture’s guidance and they should address discrepancies arising from meter readings. These two actions should resolve cases where energy sold is reported as greater than energy produced. Out-turn unit prices rose to AED1.18/TRh (AED0.33/ kWc) in 2019 driven by the lower demand per square meter of floor space – a likely combination of cooler weather, energy efficiency measures and lower 1.00 average occupancy. New schemes which have fully 0.80 Figure 18 Annual Report 2019 0% 20% 40% 60% 80% 2014 2015 2016 Range 2017 2018 2019 Average Energy Losses 1.60 1.40 1.20 Out-turn prices contracted load but little corresponding consumption, and therefore a higher unit price, did not have a significant influence on the average sector price because of that low consumption. The unit prices of these new schemes are expected to reduce as occupancy increases, driving higher consumption. The typical DC bill is a new indicator that provides an estimate of what a typical customer with average demand, occupying a unit of 200m2, would expect to pay. The weighted average charge of all reporting companies is used to develop this typical bill. In 2019 it fell by 8.1% to AED15,262, which reflects lower cooling load density in new DC schemes and lower consumption. 0.60 0.40 0.20 0.00 2014 2015 2016 Min of Prices 2017 2018 2019 Average Figure 19 RSB 33 AED/kWhc