ABSTRACT

Early Economic Impacts of COVID-19 in Europe: A View from the Grid   [open pdf - 0B]

From the Abstract: "This paper presents preliminary estimates of how electricity consumption has changed in the European Union since the spread of COVID-19 [coronavirus disease 2019], as a proxy for short-term changes in economic activity. I collect hourly data by country from European Network of Transmission System Operators for Electricity (ENTSO-E) from 2016-present, and match it with automated weather stations to adjust for heating and cooling demand. As of the week ending 4 April, 2020, power consumption is down roughly 10%, with large differences across countries reflecting the timing and stringency of lockdown policies."

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Date:
2020-04-08
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University of Chicago
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University of Chicago: https://www.uchicago.edu/
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application/pdf
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