Fitch: Colombian electric demand continues to lag GDP growth

Fitch Ratings expects electric demand in Colombia to continue to lag real gross domestic product (GDP) growth albeit with a shrinking gap over the short to medium term. This is due to low industrial electricity consumption as a percentage of total demand. Over the past decade, while real GDP growth averaged 4.4%, electricity demand grew at 3%. In 2014, GDP growth was 4.7%, which is slightly above the 4.4% growth in electricity demand.