Slow recovery of energy market possible

It is noticeable on the road and with the reopening of major retailers such as Ikea, it is even more clear that the economy is on the upward path again. Moreover, it is a law that with increasing economic speed, the demand for energy also increases again. At the same time, there is also the realization that the economy may never again reach the same pace as before the corona crisis. Especially in aviation, the battlefield is incalculable and airlines are in danger of going bankrupt.

Global oil reservoir
The knowledge that the enormous oil and gas reserves that have been created will remain hanging above the market for a long time also reduces the chance that the energy market will quickly return to what it was like before the corona crisis. The current news is that the oil price continues to show record low figures. Despite efforts, oil prices have not recovered so far.

Less extreme weather
The gradual growth in energy demand is likely to be offset by a declining supply of sustainable energy in the coming weeks. Because the weather extremes that resulted in both record wind energy and record solar energy yields in recent months will not be an issue for at least the next few weeks. The weather type becomes changeable, meaning that both extremes in wind force and solar radiation are extremely small.

Record solar yield
April will most likely be the second sunniest month ever measured, in De Bilt since 1901. Only April 2007 was even sunnier and drier. So April 2020 will probably go down as the first month ever that a yield of 1 Twh (Terrawatt hour) of sustainable electricity was measured from solar panels. This is 10% of the total national electricity demand. Compared to 5 years ago, the solar pole capacity is also 5 times higher. Despite this record, the energy yield from wind turbines continues to exceed the yield from solar energy, according to figures from energieopwek.nl. The KNMI reports that there is a clear trend in the amount of sunshine in spring.