Eon: Lockdown sees business energy demand fall 38 per cent

0

Business energy demand has dropped 38 per cent on average since the start of coronavirus lockdowns, according to Eon.

Leisure, hospitality and real estate sectors have taken bigger hits.

Even essential sectors, such as water, agriculture and IT, are using around 20 per cent less, according to the supplier’s consumption figures.

Electricity is the largest part of Eon’s B2B business and director of business energy sales, Iain Walker, stated in a blog that the firm “expects electricity demand to remain this way for some time to come”.

As much of the population is largely confined to their homes, National Grid ESO’s figures over the last week show weekday electricity demand is down around 20 per cent. That compares to around 14 per cent declines in the first four weeks of lockdown.

To mitigate low demand, the system operator has now launched a new service that will pay businesses to use more power, or stop exporting onsite generation to the grid.

Related stories:

Ørsted posts fat profit, shrugs off coronavirus, eyes more PPAs

National Grid launches footroom service to tackle lockdown lows

As solar breaks records, National Grid mulls turning it off

National Grid: UK coal-free for 18 days

Coronavirus demand destruction gives National Grid another plate to spin

National Grid mulls footroom options as demand drops

Coronavirus and the power system: Keep calm and put the kettle on

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here