COVID-19 Impacts on Electricity Demand in Canada
Published On: January 06, 2021
Electricity Commodity Update - December 2020
Generally, the shock-induced by COVID-19 on Canada's economies and the provinces followed a similar trail. Social distancing and stay-at-home measures, combined with government mandates to shut down non-essential goods and services establishments, drove a significant decrease in consumer spending and triggered an unprecedented plunge in demand for goods and services. From a macro perspective, the closure of international borders halts the flow of final goods and intermediate inputs, creating significant bottlenecks in global supply chains and interruptions to local and multinational corporations' ongoing manufacturing operations.