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Can I read Is it all about supply? Demand-side effects on the Spanish electricity market following Covid-19 lockdown policies on EtoBox?
Is it all about supply? Demand-side effects on the Spanish electricity market following Covid-19 lockdown policies by Cristina Pizarro-Irizar is a Engineering article available to read on EtoBox.
What is Is it all about supply? Demand-side effects on the Spanish electricity market following Covid-19 lockdown policies about?
A key characteristic of electricity prices is their sensitivity to changes in supply and demand. In this sense, the Covid-19 lockdown policies modified electricity consumption patterns at both business and household levels, affecting the shape and position of the electricity demand curve and, thus, leading to a direct effect on electricity prices. However, could this demand-side effect be greater than other supply-induced effects? Is it persistent over time? This paper uses a synthetic bidding approach and concludes that the strict lockdown phase had a strong, immediate – but not persistent – effect on the Spanish electricity price. Furthermore, a high share of renewable energy and a reduction in fossil fuel and emission prices have also proven crucial in driving prices down, though lockdown policies had more impact on prices.
Who reads Is it all about supply? Demand-side effects on the Spanish electricity market following Covid-19 lockdown policies?
It is typically read by researchers, students, and practitioners in Engineering.
- Author
- Cristina Pizarro-Irizar
- Publisher
- Elsevier BV
- Published
- 2023
- Language
- EN
- Field
- Engineering (Physical Sciences)