THERMAL SCIENCE

International Scientific Journal

Nebojša M. Ćorović

,

Branka D. Gvozdenac Urošević

,

Nenad A. Katić

ELECTRICITY CONSUMPTION AND MARKET PRICES IN SERBIA IMPACT OF THE PANDEMIC OF COVID-19

ABSTRACT
The COVID-19 pandemic has begun in early 2020 and still continues to strongly affect the entire world delivering a significant global, shock, but varying across countries and commodity sectors. The Government of the Republic of Serbia has been adopting different measures to slow down the dissemination of the corona-virus, specifically nationwide lockdown in March and April 2020. Business activities have been reduced. The pandemic situation has changed the lifestyle as people are mostly staying home and working from home. This paper provides a re-view of unprecedented impacts of COVID-19 pandemic, with restrictions and lockdown in Serbia, on electricity sector at this stage of the crisis. The outcomes offer a contribution to the body of literature because limited research has been conducted on these relationships in case of Serbia. Sets of statistical indicators are used to analyze changes the electricity sector has been facing. Data visualization is used to compare developments during the pandemic with those of previous years. Our research and data-driven analysis of these impacts should improve the understanding of the techno-economic effects of unforeseen events, such as a pandemic, on the power system, scrutinizing if effects could be relative-ly short‐lived or longer‐lasting.
KEYWORDS
pandemic COVID-19, electricity consumption, load profiles, day-ahead market, electricity prices
PAPER SUBMITTED: 2021-11-30
PAPER REVISED: 2022-03-25
PAPER ACCEPTED: 2022-04-15
PUBLISHED ONLINE: 2022-10-29
DOI REFERENCE: https://doi.org/10.2298/TSCI2205067C
CITATION EXPORT: view in browser or download as text file
THERMAL SCIENCE YEAR 2022, VOLUME 26, ISSUE Issue 5, PAGES [4067 - 4078]
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Electricity consumption and market prices in Serbia impact of the pandemic of COVID-19

© 2024 Society of Thermal Engineers of Serbia. Published by the Vinča Institute of Nuclear Sciences, National Institute of the Republic of Serbia, Belgrade, Serbia. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International licence