The U.K.’s Digital Meters Network reported on Monday that wholesale electricity prices fell by 0.4 percent in February, but demand was up 0.3 percent.
In February, wholesale prices were up 4.1 percent, while demand was down 0.9 percent.
This was the biggest fall in wholesale prices since May 2016, when wholesale prices fell 0.6 percent.
The Digital Metals Network said wholesale electricity demand in the United States declined 1.6 million megawatt hours in February and 1.7 million megawatts in March, down 0,965 megawatts and 2.3 million megaws, respectively.
The number of megawatts of retail power supply declined by 0,632 megawatts.
The decline in retail electricity demand was driven by a 3.6-megawatt drop in wholesale electricity production, the Digital Metres Network said.
A report by Bloomberg New Energy Finance showed that wholesale wholesale electricity supply rose by 5.6 gigawatts in February from the previous month, up 0,719 megawatts from January and up 0 percent from February 2016.
Energy and Environment reports that wholesale power demand in March increased by 1.1 gigawatts from a year earlier, down 4.3 megawatts, from January, the biggest decline since March 2011.
According to the National Energy Technology Laboratory, the U.B.C. electricity sector saw its lowest wholesale electricity output for at least a decade in February.
The NERC reported that wholesale generation of 1,037 megawatts fell by 10.6 megawatts during February.
It also noted that wholesale capacity declined by 2.1 megawatts due to low natural gas prices.
Last month, the Energy Information Administration reported that the U,B.T. economy generated 1,053.7 gigawatt-hours of electricity in February but that the sector lost more than 1.2 gigawatthans of that.