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Impact of the COVID-19 Pandemic on the Romanian Electricity Consumption

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  • Diana-Mihaela Jula

    (School of Advanced Studies of the Romanian Academy (SCOSAAR), Department of Economic, Social and Legal Sciences)

Abstract

In the paper we analysed the electricity consumption in Romania, during the period between March and December 2020. The SARIMAX econometric models are used in order to estimate the contrafactual for monthly electricity consumption during the COVID-19 pandemic. The research findings show that the total domestic electricity consumption fell between March and August 2020 and registered a slow recovery by the end of the year. This dynamic is explained by a drastic drop in non-household electricity consumption, while the electricity consumption of household customers is systematically above the long-term trend.

Suggested Citation

  • Diana-Mihaela Jula, 2021. "Impact of the COVID-19 Pandemic on the Romanian Electricity Consumption," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 9(1), pages 166-179, June.
    • Handle: RePEc:ntu:ntugeo:vol9-iss1-166-179
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    References listed on IDEAS

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    Cited by:

    1. Diana-Mihaela Jula, 2022. "Renewable Energy during the Pandemic Crisis," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(1), pages 34-48, June.
    2. Nicolae-Marius Jula & Diana-Mihaela Jula & Bogdan Oancea & Răzvan-Mihail Papuc & Dorin Jula, 2023. "Changes in the Pattern of Weekdays Electricity Real Consumption during the COVID-19 Crisis," Energies, MDPI, vol. 16(10), pages 1-20, May.

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    More about this item

    Keywords

    Electricity consumption; SARIMAX models; COVID-19 pandemic;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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