Track: COVID-19 Analytics Competition

Abstract

The COVID-19 pandemic impacts exceed the world's imagination to go beyond health-related issues to impact every single aspect of our lives, including how we produce and consume energy daily. This research aims to provide an in-depth analysis of the impacts of the COVID-19 pandemic on renewable and non-renewable energy production. The study selects the United States (U.S.) due to 2020 energy data readiness at the time of the study. The U.S. energy data is mainly collected from the U.S. Energy Information Administration (EIA) from January to July 2018 to 2020, and August 2019 and 2020. The data is analyzed by thoroughly studying the energy value variations month-by-month. The study outcomes show that, as a result of the COVID-19 lockdown and restrictions on people's mobility and activities, non-renewable energy has a drastic decline, while renewable energy has significant growth. The residential sector's energy consumption notably increases with the lockdown's imposition, while the other sectors decrease. The prices of fossil fuels are slightly affected by the pandemic,  where the maximum drop in prices is approximately $24.64 for petroleum liquids.