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Working From Home Is Making Power Trading More Tricky in Europe

  • Traders challenged by predicting how lockdowns affect demand
  • Electricity load growth set to rebound this year in Europe
Virus Pandemic Creates Work From Home Culture
Photographer: Stefan Wermuth/Bloomberg

As millions of people across Europe are pondering when and how they will return to offices in the post-pandemic world, the region’s power traders are trying to figure out what a continuation of working at home will mean for their markets.

The difficulty of making predictions about how people will behave is highlighted clearly in the chart below. It shows how demand during the pandemic in Germany, Europe’s biggest power market, at times deviated significantly from the expected load.