Utilities look past COVID-19 power demand slump

17 April 2020 - 12:00 am UTC

The COVID-19 lockdown in Europe and the UK has dragged down power demand and forced a wave of customer payment defaults. Energy utilities are so far proving resilient but a cashflow time lag may bite in 2021, reports Katherine Steiner-Dicks


Government-imposed lockdowns in the face of the COVID-19 pandemic have been quick to filter through to the UK and European retail energy markets.

The trend is regional. Electricity consumption in Italy and France, for example, fell 16% below expectations over a seven-day period between 14-24 March, according to a model by Independent Commodity Intelligence Services (ICIS).

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