As the number of vaccines rises and vaccinations programs throughout Latin America and the Caribbean (LAC) take up different speeds, the end of the covid pandemic is within sight. From the Energy division in the IDB, we have been tracking the impact the covid transformative effects in LAC’s behaviors and economic activity have on utilities. While the pandemic grew in strength … [Read more...] about The road ahead: how the pandemic transformed electricity demand. The path to recovery.
COVID-19 reminds us of the importance of continually investing in energy efficiency and technologies to reach a sustainable energy matrix in the Caribbean. Energy efficiency and sustainability are recurring issues that challenge the Caribbean energy sector. Prior to the COVID-19 pandemic, the energy sector has been vulnerable to the effects of climate change. The frequency … [Read more...] about Transforming the energy system in the Caribbean: technological disruption, and resilience
Among the different impacts of COVID-19 on the energy sector, we have seen a strong impact on prices around the world. For instance, the European power market has experienced record negative prices. The electricity prices depend on the market design and also on structural and conjunctural variables. Understanding how prices are reacting is important for a better understanding … [Read more...] about Electricity prices: the heterogeneous impact of COVID-19 on LAC markets
Since the pandemic started the Energy division has been monitoring the evolution of the electricity demand and comparing it to the regular patters that were consumed the last year. After implementing different measures of social distancing in different countries, electricity consumption has reduced to different degrees. Monitoring this evolution is important both at sectorial … [Read more...] about Energy Consumption, a Gaze to the Industrial Production Reduction
Since confinement measures began to be applied, we have been forced to remain inside our homes for a long period of time. These measures of social distancing have required the reduction of economic activities, the closing of schools, and the limitation of physical displacement. In the region, a huge number of people share residences with their families or other co-inhabitants … [Read more...] about The quarantine and its dwellers: ¿Do we change our electricity consumption behavior?