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The year 2020 was marked by the corona pandemic. The energy industry was also badly affected by the effects of the pandemic and the various lockdowns. As things stand, the winners are renewables, especially in the PPA area, but also hydrogen as the industry’s new favorite topic.
The Covid 19 pandemic has had a major impact on the course of the energy industry in 2020. Due to social and economic restrictions, the demand for electricity has fallen by 3.6 percent compared to the previous year (source: Agora Energiewende ). This led to different effects on the futures markets.
The effects of the pandemic