Turkey will be the country least affected by the coronavirus-related decrease in electricity demand in Europe, with an expected 0.3% drop for the year.
Electricity demand, one of the most important indicators of economic growth, fluctuated in many countries due to the restrictions taken to prevent the spread of the pandemic.
According to an Anadolu Agency (AA) report Thursday that compiled data from the International Energy Agency (IEA) Electricity Market Report, as a result of the measures taken against the pandemic, the global economy is expected to shrink by 4.4% this year, while electricity demand will decrease by 2%, the biggest decline in the last 50 years. On a regional basis, the biggest decrease will be in Europe with 4%.
Electricity demand is set to decrease by 6.9% in Finland, 6% in the U.K., Austria and Italy and 5.7% in Spain and Slovenia year-on-year. While the electricity demand in Greece is predicted to decrease by 5.4%, France’s demand will decrease by 5.3% and Germany’s electricity demand is projected to decrease by 4.8%.
Turkey, thus, is expected to be the least-affected in Europe.
The report highlighted that the world’s electricity demand will enter a growth trend in 2021 thanks to an expected 5.2% recovery in the economy and will increase by 3%.
