Italy leads power demand recovery

Bloomberg

Italy’s electricity demand jumped as lockdown restrictions were loosened, signaling that an economic recovery may be on its way.
While consumption rose in France and Britain and held steady in Germany and Spain from the previous week, it’s not clear how quickly demand will recover or if it’ll ever reach pre-crisis levels as the threat of a deep recession looms. Across the European Union demand for power was stable compared with the previous seven days, according to data from Finnish energy technology company Wartsila Oyj.
“Major nations across the globe are starting to ensure that essential industries and facilities become operational,” said Somik Das, senior power analyst at GlobalData Ltd., a market research and data analytics firm. “This will lead to slightly increased demand and electricity prices will slowly and steadily rise in the future.”