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October 22, 2020

Coronavirus company news summary – Indian electricity sales register 13% rise in September quarter – Solar power dwindles in Europe

By Jessica Paige

22 October

Indian Energy Exchange (IEX) registered sales of 16,486 million units (MU) in Q3, a 13.2% growth from the previous quarter. The increased sales were attributed to multiple factors including rise in power demand, reopening of industrial and economic activities and lifting of Covid-19 related lockdown restrictions in the country.

Hydro and wind power dominated the renewable energy sector in Europe while solar power generation dropped, as the continent emerged from the first wave of the coronavirus pandemic. The solar power generated declined to 35.1TWh in the third quarter from 47.6TWh in the June quarter, according to data from Enappsys.

American power utility companies Florida Power & Light (FPL) and Duke Energy restarted disconnecting electricity to customers in Volusia and Flagler counties in Florida for the non-payment of bills. The companies refrained from taking action for several months taking into consideration the rising coronavirus cases and the resulting lockdown restrictions. While Duke Energy resumed disconnecting electricity to customers defaulting on payments in September, FPL started cutting off power in October.

Wholesale electricity prices declined by almost 50% in the third quarter to a six year low, according to data from Australian Energy Market Operator. Covid-19 induced lockdown combined with use of rooftop solar panels by Australians contributed to the the decline. The gas prices during the third quarter also fell by almost half from corresponding period in 2019, predominantly due to 5% decline in fossil fuel demand.

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