Yahoo Finance | Energy use dropped 13% as country went into lockdown

Our Senior Modeller Tom Edwards was quoted in Yahoo Finance discussing the drop in energy use as the UK went into lockdown. Demand for energy dropped 13% across the day last Wednesday, two days after the lockdown.

Tom explained that as large electrical loads such as factories, shops and rail started to reduce their activities, demand fell with it is likely we can expect more reduced activity over the coming weeks.

The government announced lockdown resulted in further reductions. This is most notable in the morning peak and middle of the day when we would typically expect the industrial and commercial load to be ramping up.

Tom Edwards, Senior Modeller

Yahoo Finance