IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v286y2021ics0306261920317347.html
   My bibliography  Save this article

Quantitative assessment of U.S. bulk power systems and market operations during the COVID-19 pandemic

Author

Listed:
  • Ruan, Guangchun
  • Wu, Jiahan
  • Zhong, Haiwang
  • Xia, Qing
  • Xie, Le

Abstract

Starting in early 2020, the novel coronavirus disease (COVID-19) severely attached the U.S., causing substantial changes in the operations of bulk power systems and electricity markets. In this paper, we develop a data-driven analysis to substantiate the pandemic’s impacts from the perspectives of power system security, electric power generation, electric power demand and electricity prices. Our results suggest that both electric power demand and electricity prices have discernibly dropped during the COVID-19 pandemic. Geographically diverse impacts are observed and quantified, while the bulk power systems and markets in the northeast region are most severely affected. All the data sources, assessment criteria, and analysis codes reported in this paper are available on a GitHub repository.

Suggested Citation

  • Ruan, Guangchun & Wu, Jiahan & Zhong, Haiwang & Xia, Qing & Xie, Le, 2021. "Quantitative assessment of U.S. bulk power systems and market operations during the COVID-19 pandemic," Applied Energy, Elsevier, vol. 286(C).
    • Handle: RePEc:eee:appene:v:286:y:2021:i:c:s0306261920317347
    DOI: 10.1016/j.apenergy.2020.116354
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261920317347
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2020.116354?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Chiaramonti, David & Maniatis, Kyriakos, 2020. "Security of supply, strategic storage and Covid19: Which lessons learnt for renewable and recycled carbon fuels, and their future role in decarbonizing transport?," Applied Energy, Elsevier, vol. 271(C).
    2. Editorial, 2020. "Covid-19 and Climate Change," Journal, Review of Agrarian Studies, vol. 10(1), pages 5-6, January-J.
    3. López Prol, Javier & O, Sungmin, 2020. "Impact of COVID-19 measures on electricity consumption," MPRA Paper 101649, University Library of Munich, Germany.
    4. Zhang, Xingxing & Pellegrino, Filippo & Shen, Jingchun & Copertaro, Benedetta & Huang, Pei & Kumar Saini, Puneet & Lovati, Marco, 2020. "A preliminary simulation study about the impact of COVID-19 crisis on energy demand of a building mix at a district in Sweden," Applied Energy, Elsevier, vol. 280(C).
    5. Michelle Graff & Sanya Carley, 2020. "COVID-19 assistance needs to target energy insecurity," Nature Energy, Nature, vol. 5(5), pages 352-354, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. de Chalendar, Jacques A. & Benson, Sally M., 2021. "A physics-informed data reconciliation framework for real-time electricity and emissions tracking," Applied Energy, Elsevier, vol. 304(C).
    2. M. A. Hannan & M. S. Abd Rahman & Ali Q. Al-Shetwi & R. A. Begum & Pin Jern Ker & M. Mansor & M. S. Mia & M. J. Hossain & Z. Y. Dong & T. M. I. Mahlia, 2022. "Impact Assessment of COVID-19 Severity on Environment, Economy and Society towards Affecting Sustainable Development Goals," Sustainability, MDPI, vol. 14(23), pages 1-23, November.
    3. Michael Jon Ritchie & Jacobus Wilhelm Burger & Dhasaren Naidoo & Marthinus Johannes Booysen, 2022. "Towards Informed Policy Making: An Analysis of the Impact of COVID-19 on Electricity Purchases in South Africa," Energies, MDPI, vol. 15(20), pages 1-12, October.
    4. Hasan Murat Ertuğrul & Mustafa Tevfik Kartal & Serpil Kılıç Depren & Uğur Soytaş, 2022. "Determinants of Electricity Prices in Turkey: An Application of Machine Learning and Time Series Models," Energies, MDPI, vol. 15(20), pages 1-17, October.
    5. Wang, Delu & Gan, Jun & Mao, Jinqi & Chen, Fan & Yu, Lan, 2023. "Forecasting power demand in China with a CNN-LSTM model including multimodal information," Energy, Elsevier, vol. 263(PE).
    6. Russo, M.A. & Ruivo, L. & Carvalho, D. & Martins, N. & Monteiro, A., 2021. "Decarbonizing the energy supply one pandemic at a time," Energy Policy, Elsevier, vol. 159(C).
    7. Tian, Jinfang & Yu, Longguang & Xue, Rui & Zhuang, Shan & Shan, Yuli, 2022. "Global low-carbon energy transition in the post-COVID-19 era," Applied Energy, Elsevier, vol. 307(C).
    8. Tomasz Cieślik & Piotr Narloch & Adam Szurlej & Krzysztof Kogut, 2022. "Indirect Impact of the COVID-19 Pandemic on Natural Gas Consumption by Commercial Consumers in a Selected City in Poland," Energies, MDPI, vol. 15(4), pages 1-18, February.
    9. Qiu, Dawei & Wang, Yi & Hua, Weiqi & Strbac, Goran, 2023. "Reinforcement learning for electric vehicle applications in power systems:A critical review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 173(C).
    10. S. M. Mahfuz Alam & Ahmed Abuhussein & Mohammad Ashraf Hossain Sadi, 2023. "Month-Wise Investigation on Residential Load Consumption Impact during COVID-19 Period on Distribution Transformer and Practical Mitigation Solution," Energies, MDPI, vol. 16(5), pages 1-24, February.
    11. Ku, Arthur Lin & Qiu, Yueming (Lucy) & Lou, Jiehong & Nock, Destenie & Xing, Bo, 2022. "Changes in hourly electricity consumption under COVID mandates: A glance to future hourly residential power consumption pattern with remote work in Arizona," Applied Energy, Elsevier, vol. 310(C).
    12. Tomasz Wołowiec & Iuliia Myroshnychenko & Ihor Vakulenko & Sylwester Bogacki & Anna Maria Wiśniewska & Svitlana Kolosok & Vitaliy Yunger, 2022. "International Impact of COVID-19 on Energy Economics and Environmental Pollution: A Scoping Review," Energies, MDPI, vol. 15(22), pages 1-26, November.
    13. Costa, Vinicius B.F. & Pereira, Lígia C. & Andrade, Jorge V.B. & Bonatto, Benedito D., 2022. "Future assessment of the impact of the COVID-19 pandemic on the electricity market based on a stochastic socioeconomic model," Applied Energy, Elsevier, vol. 313(C).
    14. Lazo, Joaquín & Aguirre, Gerson & Watts, David, 2022. "An impact study of COVID-19 on the electricity sector: A comprehensive literature review and Ibero-American survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    15. Ma, Xiangyu & Zhou, Huijie & Li, Zhiyi, 2021. "On the resilience of modern power systems: A complex network perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 152(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. García, Sebastián & Parejo, Antonio & Personal, Enrique & Ignacio Guerrero, Juan & Biscarri, Félix & León, Carlos, 2021. "A retrospective analysis of the impact of the COVID-19 restrictions on energy consumption at a disaggregated level," Applied Energy, Elsevier, vol. 287(C).
    2. Thomas Pownall & Iain Soutar & Catherine Mitchell, 2021. "Re-Designing GB’s Electricity Market Design: A Conceptual Framework Which Recognises the Value of Distributed Energy Resources," Energies, MDPI, vol. 14(4), pages 1-26, February.
    3. Wang, Qiang & Li, Shuyu & Zhang, Min & Li, Rongrong, 2022. "Impact of COVID-19 pandemic on oil consumption in the United States: A new estimation approach," Energy, Elsevier, vol. 239(PC).
    4. Micheli, Leonardo & Solas, Álvaro F. & Soria-Moya, Alberto & Almonacid, Florencia & Fernandez, Eduardo F., 2021. "Short-Term Impact of the COVID-19 Lockdown on the Energy and Economic Performance of Photovoltaics in the Spanish Electricity Sector," MPRA Paper 107969, University Library of Munich, Germany.
    5. Aviad Navon & Ram Machlev & David Carmon & Abiodun Emmanuel Onile & Juri Belikov & Yoash Levron, 2021. "Effects of the COVID-19 Pandemic on Energy Systems and Electric Power Grids—A Review of the Challenges Ahead," Energies, MDPI, vol. 14(4), pages 1-14, February.
    6. Jiang, Peng & Fan, Yee Van & Klemeš, Jiří Jaromír, 2021. "Impacts of COVID-19 on energy demand and consumption: Challenges, lessons and emerging opportunities," Applied Energy, Elsevier, vol. 285(C).
    7. Sławomir Bielecki & Tadeusz Skoczkowski & Lidia Sobczak & Janusz Buchoski & Łukasz Maciąg & Piotr Dukat, 2021. "Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users," Energies, MDPI, vol. 14(4), pages 1-32, February.
    8. Chaofeng Tang & Kentaka Aruga, 2021. "Effects of the 2008 Financial Crisis and COVID-19 Pandemic on the Dynamic Relationship between the Chinese and International Fossil Fuel Markets," JRFM, MDPI, vol. 14(5), pages 1-11, May.
    9. Wenxiao Chu & Francesco Calise & Neven Duić & Poul Alberg Østergaard & Maria Vicidomini & Qiuwang Wang, 2020. "Recent Advances in Technology, Strategy and Application of Sustainable Energy Systems," Energies, MDPI, vol. 13(19), pages 1-29, October.
    10. Collen Zalengera & Maxon L. Chitawo & Isaac Chitedze & Long Seng To & Vincent Mwale & Kondwani T. Gondwe & Timeyo Maroyi, 2021. "Unbending the Winding Path of a Low-Income Country’s Energy Sector amid the COVID-19 Pandemic: Perspectives from Malawi," Energies, MDPI, vol. 14(21), pages 1-15, November.
    11. Abulibdeh, Ammar, 2021. "Spatiotemporal analysis of water-electricity consumption in the context of the COVID-19 pandemic across six socioeconomic sectors in Doha City, Qatar," Applied Energy, Elsevier, vol. 304(C).
    12. Fatin Samara & Bassam A. Abu-Nabah & Waleed El-Damaty & Mayyada Al Bardan, 2022. "Assessment of the Impact of the Human Coronavirus (COVID-19) Lockdown on the Energy Sector: A Case Study of Sharjah, UAE," Energies, MDPI, vol. 15(4), pages 1-19, February.
    13. Indre Siksnelyte-Butkiene, 2021. "Impact of the COVID-19 Pandemic to the Sustainability of the Energy Sector," Sustainability, MDPI, vol. 13(23), pages 1-19, November.
    14. Georgeta Soava & Anca Mehedintu & Mihaela Sterpu & Eugenia Grecu, 2021. "The Impact of the COVID-19 Pandemic on Electricity Consumption and Economic Growth in Romania," Energies, MDPI, vol. 14(9), pages 1-25, April.
    15. Tian, Jinfang & Yu, Longguang & Xue, Rui & Zhuang, Shan & Shan, Yuli, 2022. "Global low-carbon energy transition in the post-COVID-19 era," Applied Energy, Elsevier, vol. 307(C).
    16. Lazo, Joaquín & Aguirre, Gerson & Watts, David, 2022. "An impact study of COVID-19 on the electricity sector: A comprehensive literature review and Ibero-American survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    17. Luis M. Abadie, 2021. "Energy Market Prices in Times of COVID-19: The Case of Electricity and Natural Gas in Spain," Energies, MDPI, vol. 14(6), pages 1-17, March.
    18. Werth, Annette & Gravino, Pietro & Prevedello, Giulio, 2021. "Impact analysis of COVID-19 responses on energy grid dynamics in Europe," Applied Energy, Elsevier, vol. 281(C).
    19. Chen, Xiaoyuan & Chen, Yu & Zhang, Mingshun & Jiang, Shan & Gou, Huayu & Pang, Zhou & Shen, Boyang, 2021. "Hospital-oriented quad-generation (HOQG)—A combined cooling, heating, power and gas (CCHPG) system," Applied Energy, Elsevier, vol. 300(C).
    20. Zhiang Zhang & Ali Cheshmehzangi & Saeid Pourroostaei Ardakani, 2021. "A Data-Driven Clustering Analysis for the Impact of COVID-19 on the Electricity Consumption Pattern of Zhejiang Province, China," Energies, MDPI, vol. 14(23), pages 1-22, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:286:y:2021:i:c:s0306261920317347. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.