2020-02 Global Monthly Report

COVID-19 IMPACT
The COVID-19 pandemic has rapidly
spread around the world, affecting over
200 countries and all industries. Below
is a brief summary of the impact and
UK lockdown causes 13%
drop in energy demand
For residential customers working from
home during lockdown, Uswitch
estimates though an increase of 25% in
electricity consumption and 17% more
gas usage per day.
IBERDROLA
Apart from measures taken to ensure
safe business continuity, Iberdrola has
devised a special care program for
Spanish hospitals, donated 22 Mil. EUR
in medical supply and organised an
internal donation drive, offers free
BUSINESS FOCUS
EU Commission launches
industrial strategy for a
green, digital future
response from key energy companies.
EMEA Utilities better-set to
withstand COVID-19 impact
than other sectors
According to a new report from S&P
Global Ratings, the sector outlook is
stable, though the measure to combat
the pandemic could result in a power
Vattenfall pulls out of Dutch
offshore wind tender citing
COVID-19 concerns
ENGIE
The French group has devised a plan to
protect employees and sustain its
electric emergency service for the
elderly and facilities for payment of
electricity and gas bills to Spanish
households, SMEs and self-employed.
See all the brand's global measures
against the pandemic here.
ENEL
Enel issued a first-of-its-kind insurance
Wind energy sets new
record in Europe in
February
Wind output in February 2020
increased by 68% from previous year
levels, accounting for record 27% of
total generation in Europe vs. previous
high of 18% in February 2019.
demand decline by 5%-7% in 2020 and
power prices to be down 20% in 2021
vs. previous assumptions. Read the full
report here.
COVID-19 causes emissions
levels to plummet in Europe
A significant drop in nitrogen dioxide
levels was revealed – coinciding with
the strict quarantine measures.
essential services, improved its liquidity
with a new bond issue totaling 2.5 B
EUR, reviewed 2020 targets and
cancelled 2019 dividend. ENGIE also
made its Ogenie platform available free
of charge to allow isolated people to
stay in touch and will provide free
electricity, gas and technical assistance
for the construction or extension of new
medical units in 93 Italian hospitals.
tool for its 68.000 global staff, has
donated connection to the grid to
healthcare facilities, including temporary
ones and has pledged 23 Mil. EUR
through its Enel Cuore to support key
organizations involved in providing
health and social assistance.
SSE
SSE joined UK C-19 Business Pledge
Demand for renewables
outstripped supply in 2019
in Europe
Green energy jobs could
grow 85% in the UK by
2030