Dimitris Kouimtsidis
ENERGY consumption in Spain has fallen due to coronavirus.
Demand grows in households, but the drop in usage from businesses outweighs.
According to data from Red Electrica de Espana (REE), electricity demand has dropped between 5% and 10% in the last week compared to what is expected on average.
This is because in the early hours of the day, there are lower energy demands than usual, due to companies and factories either working from home or working with a skeleton crew.
According to REE Director of Operations, Miguel Duvison: “It can be inferred that the reduction in the morning is due to the fact that consumption is more linked to economic activity and, in the afternoon , demand is fundamentally associated with domestic consumption.”
The two areas with the highest drops are Madrid and Catalunya, where the drop is higher than 10%.
The reduction in consumption however is not reflected in the prices, which had been showing a downward trend for a long period of time.
Experts also expect electricity prices to drop further in the coming days.
