EU Power Use Rises for First Time Since Virus Lockdown
- Lockdowns have hindered power demand for almost two months
- Recovery seen taking years if lockdowns are prolonged
Lights illuminate the windows in residential properties in High Wycombe, U.K.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Electricity use in the European Union rose for the first time in eight weeks, indicating economic activity may be starting to increase as coronavirus infections and deaths decline.
Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life. Volkswagen AG has begun rebooting plants, while Airbus SE is up and running as Europe starts returning to work after shutdowns plunged the region into its worst economic slump in living memory.