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New Insights On Electricity Demand Amid Limited Photovoltaic Production

Electricity demand is set to stabilize at approximately 1090 megawatts (MW) today, mirroring the levels recorded on Wednesday. Experts project that demand will peak between 2 PM and 4:30 PM, despite the absence of additional photovoltaic input.

Afternoon Peak And Evening Decline

While the afternoon window experiences robust demand, the period from 7 PM to 11 PM, reliant solely on conventional energy sources due to a lack of solar production, sees a reduction to about 900 MW. This shift underscores the critical balance energy planners must maintain between renewable and conventional outputs.

Historical Benchmarks And Record Demand

Historical data reveals that the highest demand this year reached 1126 MW on July 7 at 3:45 PM, while the all-time high was recorded at 1294 MW on July 22. These figures not only highlight trends in energy usage but also point to potential strains on the pre-defined grid capacity during peak moments.

Conventional Capacity And Renewable Integration

The maximum conventional generation capacity currently stands at 1292 MW, fluctuating with unit availability. It is important to note, as clarified by TSO spokesperson Hara Koussiappa, that this figure exclusively reflects conventional energy production, with renewable energy sources (RES) – which now contribute 28 to 29 percent of total production – being accounted for separately in production planning.

Strategic Implications For Energy Management

The dynamics of electricity demand, particularly the reliance on conventional energy amidst gaps in renewable production, pose significant implications for energy policy. With increasing emphasis on grid resilience and optimal renewable integration, industry leaders are closely monitoring these trends to develop strategies that ensure reliable supply and operational efficiency in an evolving energy landscape.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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