As stay-at-home orders keep businesses shuttered across much of the United States, electricity demand has fallen to a near 17-year low, according to analysts at the Edison Electric Institute (EEI) trade group, as cited by Reuters. Over the last week ending April 11, US power output fell to just 64,177 gigawatt hours—down 6.1% for the same week last year, and the lowest weekly output since mid-2003. This drop in power demand is coinciding with a drop in prices as well, leading to a sell-off in wholesale US electricity markets, according to the Financial Times . It will mean a smaller bottom line for power companies, which some suggest may shift demand away from fossil fuels and toward wind and solar. Power futures, according to data from Nodal Exchange cited by FT, have dropped between 22 percent and 37 percent over the last two months. New York City and California […]