Global power demand witnessed the biggest decline since the Great Depression due to the lockdown restrictions implemented to curb the COVID-19 pandemic.
The COVID-19 pandemic caused the biggest decline in power demand since the Great Depression.
The power sector suffered a 2.5% contraction in demand during the first quarter of 2020 due to the lockdowns implemented worldwide to limit the COVID-19 spread.
The power sector witnessed a decline in demand during the first few months of 2020 as the COVID-19 pandemic led to lockdowns and shut down of manufacturing as well as other sectors.
Give your business an edge with our leading industry insights.
Remote working or working from home has become the new norm during the COVID-19 times which call for maintaining physical distancing and complying with lockdown measures to curb disease spread.
The COVID-19 pandemic has caused global power demand to decline forcing developers to temporarily stall new projects.
The lockdowns enforced to fight the COVID-19 pandemic have led to a decline in power consumption stalling some of the new projects temporarily.