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?
Monitoring the impact of the COVID-19 crisis on electricity: lower demand with different profiles
The COVID-19 is having an impact on several sectors of the economy, and the power sector is not spared. The electricity sector is an integral part of the economy. The importance of its monitoring lies in the fact that it can help us: (1) prepare for futures challenges in the electricity sector associated with the revenue gap in the following months; (2) track the economic … [Read more...] about Monitoring the impact of the COVID-19 crisis on electricity: lower demand with different profiles
Leveraging the Benefit of Low Oil Prices: A Call for Hedging Actions
For several weeks now the world has been suffering the impacts of COVID-19. One of the immediate impacts of the crisis has been a significant drop in economic activity, resulting in a sudden fall in demand and inevitably world oil prices. Such low oil prices had not been witnessed since the 2008 global financial crisis. For how long these prices will remain low is a big … [Read more...] about Leveraging the Benefit of Low Oil Prices: A Call for Hedging Actions
An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean
In March 2020, oil prices crashed by around 60% from their previous six-month high, with Brent oil – the international benchmark – falling US$22.74 per barrel on March 31st, its lowest daily level since 2002. From December 2019 to February 2020, oil demand in China fell by around 2 million barrels per day (mbd) because of the rapid propagation of the novel coronavirus. The … [Read more...] about An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean
Electricity Demand in the Time of COVID-19
What the Picture Looks Like in Latin America and the Caribbean? The short-term effects of COVID-19 cannot be ignored by anyone. Millions of Americans have lost their jobs, the French have to ask for permission to leave their house, the Vatican was empty on the first days of Easter and carparks have been transformed into temporary hospitals. All sectors of the economy … [Read more...] about Electricity Demand in the Time of COVID-19