Azerbaijan , Baku, June 23 /Trend/
Iran 's power consumption increased by 0.5 percent in current year (started on March 20, 2011) compared to previous year due to cut in subsidies, Mehr News Agency reported quoting Iran Energy Minister Majid Namjou as saying.
"Iran's peak electrical demand is 38,744 megawatt and it also increased by only 0.5 percent compared to previous year," he said.
The peak electrical demand is the greatest amount of electricity consumed by customers at any given time .
The peak electrical demand has increased by 7 to 8 percent in previous years.
The parliament spent approximately $8 billion out of oil income to pay the subsidies to Iranian families and created the opportunity for government to increase goods price to 20 percent and provide $5.50 billion in income.
The cutting subsidies are planned over the course of five years of the Fifth Socio-Economic Development Plan (2010-2015).