SSE expects a temporary 30% drop in electricity consumption
Energy distributor SSE expects a temporary 30% drop in electricity consumption amid the shutdown of much of Slovakia’s industrial capacity. Energy suppliers are facing a challenge―no demand for electricity they purchased under long contracts some time ago. As a result, power prices at the Slovak spot market have fallen recently from €50 per MWh to around €20 and even turned negative last Sunday. The surplus electricity is often purchased on the cheap by producers who now need not produce it, making a hefty profit in the process. About 17-20% of SSE clients have stopped paying their energy bills.