Bloomberg Law
March 19, 2020, 3:50 PM

Lockdowns Begin Taking a Toll on U.S. Electricity Markets (1)

Christopher Martin
Christopher Martin
Bloomberg News

The mass shutdown of schools and businesses over the coronavirus is starting to take a bite from electricity demand in the biggest U.S. power markets.

Peak demand on the grid stretching from New Jersey to Illinois came in 5% lower than forecast Monday, partly because of shuttered schools and offices, according to grid operator PJM Interconnection LLC.

“We saw some reduction that day and will continue to consider coronavirus-inspired changes in human behavior in the load forecast,” PJM spokesman Jeffrey Shields said in an email.

It’s apt to be only the beginning. Power demand is already falling in ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.