Differential Impact of COVID-19 on the Energy Consumption of Residential and Business Sector
Pedro Hancevic, Profesor Investigador Titular de la División de Economía del CIDE, y Hector H. Sandoval escribieron el artículo Differential Impact of COVID-19 on the Energy Consumption of Residential and Business Sector en la revista Economics of Energy & Environmental Policy.
As a consequence of the COVID-19 pandemic, some patterns of energy consumption changed in the residential and non-residential sectors. This paper uses data from a local utility company in Florida to quantify the heterogeneous impacts of the pandemic on electricity and natural gas consumption across households from different income levels and across essential and non-essential businesses. We found significant increases in the average residential electricity consumption during the lockdown and subsequent reopening phases, which translate into higher cost for households. We found that natural gas consumption dropped abruptly in the business sector and also important differences between the electricity consumption of essential and non-essential businesses, with the former consuming more and the latter less electricity.
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