Changes in electricity demand pattern in Europe due to COVID-19 shutdowns
Micha{\l} Narajewski, Florian Ziel
TL;DR
This paper analyzes how COVID-19 shutdowns caused significant shifts in electricity demand patterns across European countries, using high-dimensional regression to identify structural breaks and relate them to pandemic progression and policies.
Contribution
It introduces a novel application of high-dimensional regression techniques to detect demand profile changes due to COVID-19 shutdowns in Europe.
Findings
Demand patterns significantly shifted during shutdowns
Structural breaks correlate with pandemic stages
Regulatory measures influenced demand changes
Abstract
The article covers electricity demand shift effects due to COVID-19 shutdowns in various European countries. We utilize high-dimensional regression techniques to exploit the structural breaks in demand profiles due to the shutdowns. We discuss the findings with respect to coronavirus pandemic progress and regulatory measures of the considered countries.
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Taxonomy
TopicsEnergy Load and Power Forecasting · Energy and Environment Impacts · COVID-19 impact on air quality