Where's the peak in the era of COVID?
Over the past two months, the world’s daily patterns have changed drastically. As we know from Shave the Peak, even small changes to routines, especially during peak hours, can have an outsize impact on the emissions, costs, and fuel mix of our electricity system. So it’s no surprise to see that the pandemic and the subsequent stay-at-home orders have shifted many aspects of the electricity mix, here in New England and beyond. In fact, the average cost of electricity during March was the lowest in market history, in large part because of the pandemic.
So what’s going on in our electricity mix, and why? And perhaps most importantly, what lessons from the pandemic’s impact on the electric system should we be taking into the future?