Over the past few months, we, as a country, have been coming to terms with the impacts that the current COVID-19 health and economic crisis has had on the broader community and how Australians have had to adapt the way in which we lead our lives.
Preventative measures, imposed by the National Cabinet, have led to strict health and safety protocols (e.g. social distancing), which in turn contributed to significant, unforeseen and unprecedented economic shocks such as businesses mothballing, workforce furloughing, contraction and remote working arrangements.
As a consequence, across the National Electricity Market (NEM), households and businesses’ reliance on, and consumption of their essential utilities have been – and are being – impacted through this unique situation.
The KPMG Strategy team have been analysing the demand and supply drivers over this period and have created the COVID-19 Energy Market Insights series for the Australian energy sector.
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