Covid-19 outbreak to have a high impact on fossil fuel sector: Poll
Verdict has conducted a poll to understand what industry observers and participants think about the impact of Covid-19 outbreak on the power sector.
Coal-based generation holds a higher than 40% share in the global electricity generation. With the ongoing Covid-19 outbreak, the decrease in electricity demand has forced several coal plants to operate at lower capacity, reducing the overall generation mix.
Electricity Consumption in Slovakia Decline due to Covid-19 Pandemic
Electricity companies in Slovakia have witnessed reduced demand in Q1 2020 when compared with the same period last year due to the spread of Covid-19. Electricity consumption in Slovakia declined by 2.2% in the first two months of 2020 when compared with the same period of 2019. In March 2020, demand for electricity declined by 3.7%.