RENEWABLES ARE TAKING THE POWER


By the end of the first quarter of 2020, more than 100 countries around the word had implemented a full or partial lockdown to reduce the spread of Covid-19. A significant amount of individuals were asked to stay or work from home to limit contact between people. As the result, domestic demand for electricity raised above seasonal averages as the usage of electronic domestic devices significantly increased.


However, the global demand for electricity plummeted around the world during that period. According to the International Energy Agency (IAE), the global electricity consumption will decline by more than 5% this year, the most since the Great Depression in the 1930s. In the US, seasonal demand dropped to a 16 year low in April 2020 while the National Grid in the UK is estimating the demand to be 20% below normal levels during the lockdown.


The electricity demand from industrial, commercial and transport sectors have been significantly impacted by the residual effects of the lockdown and more generally the freeze of the economy. Factories, offices, high street shops, restaurants, airports, train stations temporally or permanently closed; or have been operating at a reduced capacity. As the result, lower electricity demand from those 3 sectors have cancelled higher domestic demand and put further pressure to system operators to maintain the balance between supply and demand. This has been even more challenging as production from renewables such as solar and wind have been above seasonal average in Europe as well as in the U.S due to wild weather or storms.


16 | ADMISI - The Ghost In The Machine | Q2 Edition


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