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来源类型Working Paper
规范类型报告
DOI10.3386/w27937
来源IDWorking Paper 27937
Powering Work from Home
Steve Cicala
发表日期2020-10-12
出版年2020
语种英语
摘要This paper documents an increase in residential electricity consumption while industrial and commercial consumption has fallen during the COVID-19 pandemic in the United States. Hourly smart meter data from Texas reveals how daily routines changed during the pandemic, with usage during weekdays closely resembling those of weekends. The 16% residential increase during work hours offsets the declines from commercial and industrial customers. Using monthly data from electric utilities nationwide, I find a 10% increase in residential consumption, and a 12% and 14% reduction in commercial and industrial usage, respectively, during the second quarter of 2020. This contrasts with the financial crisis of 2008, which also witnessed a rapid decline in industrial electricity consumption, but left residential usage unaffected. The increase in residential consumption is found to be positively associated with the share of the labor force that may work from home. From April through July of 2020, total excess expenditure on residential electricity was nearly $6B.
主题Financial Economics ; Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy ; COVID-19
URLhttps://www.nber.org/papers/w27937
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585611
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Steve Cicala. Powering Work from Home. 2020.
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