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A Cross-Domain Approach to Analyzing the Short-Run Impact of COVID-19 on the US Electricity Sector
- Source :
- Joule; November 2020, Vol. 4 Issue: 11 p2322-2337, 16p
- Publication Year :
- 2020
-
Abstract
- The novel coronavirus disease (COVID-19) has rapidly spread around the globe in 2020, with the US becoming the epicenter of COVID-19 cases since late March. As the US begins to gradually resume economic activity, it is imperative for policymakers and power system operators to take a scientific approach to understanding and predicting the impact on the electricity sector. Here, we release a first-of-its-kind cross-domain open-access data hub, integrating data from across all existing US wholesale electricity markets with COVID-19 case, weather, mobile device location, and satellite imaging data. Leveraging cross-domain insights from public health and mobility data, we rigorously uncover a significant reduction in electricity consumption that is strongly correlated with the number of COVID-19 cases, degree of social distancing, and level of commercial activity.
Details
- Language :
- English
- ISSN :
- 25424351
- Volume :
- 4
- Issue :
- 11
- Database :
- Supplemental Index
- Journal :
- Joule
- Publication Type :
- Periodical
- Accession number :
- ejs54641551
- Full Text :
- https://doi.org/10.1016/j.joule.2020.08.017