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Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment
This article examines the effect of the coronavirus disease 2019 (COVID-19) pandemic on electricity markets across select Canadian provinces, using available data. Using high-frequency electricity data, we find electricity demand declined by roughly 10 percent in Ontario and by about 5 percent in Al...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
University of Toronto Press
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8231073/ http://dx.doi.org/10.3138/cpp.2020-060 |
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author | Leach, Andrew Rivers, Nic Shaffer, Blake |
author_facet | Leach, Andrew Rivers, Nic Shaffer, Blake |
author_sort | Leach, Andrew |
collection | PubMed |
description | This article examines the effect of the coronavirus disease 2019 (COVID-19) pandemic on electricity markets across select Canadian provinces, using available data. Using high-frequency electricity data, we find electricity demand declined by roughly 10 percent in Ontario and by about 5 percent in Alberta, British Columbia, and New Brunswick. On the supply side, in Alberta we find reductions from some natural gas plants and an increase in net generation from the oil sands region, whereas Ontario sees an increase in net electricity exports. Policy implications include potential rate impacts as a result of fixed charges spread over a smaller rate base, the potential use of electricity data as a real-time economic indicator during the pandemic, and a call to arms to make electricity data across all Canadian provinces more readily available. |
format | Online Article Text |
id | pubmed-8231073 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | University of Toronto Press |
record_format | MEDLINE/PubMed |
spelling | pubmed-82310732021-06-28 Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment Leach, Andrew Rivers, Nic Shaffer, Blake Can Public Policy Articles This article examines the effect of the coronavirus disease 2019 (COVID-19) pandemic on electricity markets across select Canadian provinces, using available data. Using high-frequency electricity data, we find electricity demand declined by roughly 10 percent in Ontario and by about 5 percent in Alberta, British Columbia, and New Brunswick. On the supply side, in Alberta we find reductions from some natural gas plants and an increase in net generation from the oil sands region, whereas Ontario sees an increase in net electricity exports. Policy implications include potential rate impacts as a result of fixed charges spread over a smaller rate base, the potential use of electricity data as a real-time economic indicator during the pandemic, and a call to arms to make electricity data across all Canadian provinces more readily available. University of Toronto Press 2020-08-01 /pmc/articles/PMC8231073/ http://dx.doi.org/10.3138/cpp.2020-060 Text en © Canadian Public Policy / Analyse de politiques This article is made available via the PMC Open Access Subset for reuse and analysis with acknowledgement of the original source. |
spellingShingle | Articles Leach, Andrew Rivers, Nic Shaffer, Blake Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment |
title | Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment |
title_full | Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment |
title_fullStr | Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment |
title_full_unstemmed | Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment |
title_short | Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment |
title_sort | canadian electricity markets during the covid-19 pandemic: an initial assessment |
topic | Articles |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8231073/ http://dx.doi.org/10.3138/cpp.2020-060 |
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