IMPACT OF THE COVID-19 PANDEMIC ON THE ENERGY MARKET: AN ASSESSMENT OF THE EVIDENCE
Article Sidebar
Number of views 356
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Main Article Content
Abstract
COVID-19, a unique virus, is the 21st century's unexpected crisis. It affects both individuals' daily lives and the world economy's sustainability. Correct economic appraisal of the crisis's impacts is critical for forecasting how businesses, sectors, and, more specifically, stock prices would behave in a future crisis time. That is why this paper will assess the effects of Covid-19 on one of the most vital sectors of the economy, the energy sector. The findings in the research indicate that the energy industry will experience both disadvantageous and beneficial economic repercussions. Furthermore, the share prices of energy companies that generate both traditional and renewable energy were compared in the early stages of the pandemic, during the lockdowns and softening period, using data collected and systematized from stock exchange markets (the New York Stock Exchange (NYSE) and NASDAQ) and databases that show actual stock prices (Bloomberg and Yahoo Finance).
Article Details
References
Imlak Shaikh (2022). “Impact of COVID-19 pandemic on the energy markets” DOI: https://doi.org/10.1007/s10644-021-09320-0
Aviad Navon, Ram Machlev et al. (2021). “Effects of the COVID-19 Pandemic on Energy Systems and Electric Power Grids–A Review of the Challenges Ahead” DOI: https://doi.org/10.3390/en14041056
Antony Froggatt and Dr Daniel Quiggin (2021). “China, EU and US cooperation on climate and energy”
LM Abadie (2021). “Energy Market Prices in Times of COVID-19: The Case of Electricity and Natural Gas in Spain” DOI: https://doi.org/10.3390/en14061632
Hao Xiong, Wen Shi, Shilin Xu et al. (2021). “Impact of COVID-19 on Corporate Liabilities in the Energy & Power Industry” DOI: https://doi.org/10.46557/001c.18936
Afees Salisu and Idris Adediran (2020). “Uncertainty due to infectious diseases and energy market volatility” DOI: https://doi.org/10.46557/001c.14185
Anupam Dutta, Elie Bouri, Gazi Salah Uddin et al. (2020). “Impact of COVID-19 on Global Energy Markets”
Mendes, Goncalo, Nylund et al. (2018). “Local energy markets: Opportunities, benefits, and barriers”
Govinda R.Timilsina, Lado Kurdgelashvili and Patrick A. Narbel (2012). “Solar energy: Markets, economics and policies” DOI: https://doi.org/10.1596/1813-9450-5845
Steven A. Gabriel, Antonio J. Conejo and J. David Fuller (2012). “Complementarity Modeling in Energy markets” DOI: https://doi.org/10.1007/978-1-4419-6123-5
Eric Martinot, Akanksha Chaurey, Debra Lew (2002). “Renewable Energy Markets in Developing Countries” DOI: https://doi.org/10.1146/annurev.energy.27.122001.083444
Frede Hvelplund (2006). “Renewable energy and the need for local energy markets” DOI: https://doi.org/10.1016/j.energy.2006.01.016
Boyle and Godfrey (1996). “Renewable Energy”
The impact of COVID-19 on capital markets, one year in (March 10, 2021) https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-impact-of-covid-19-on-capital-markets-one-year-in
COVID-19 and the banking and capital markets industry (2020) https://www.pwc.com/us/en/ industries/banking-capital-markets/library/coronavirus-banking-and-capital-markets.html
The Impact Of Covid-19 On The Energy Transition (2020)
https://www.dnv.com/energy-transition/impact-of-covid19-on-the-energy-transition.html
The impact of COVID-19 on European power markets (2020) https://www2.deloitte.com/ uk/en/pages/energy-and-resources/articles/the-impact-of-covid19-on-european-power-markets.html
Yahoo Finance indicators. Internet source: https://finance.yahoo.com/sector/ms_energy
Bloomberg indicators. Internet source: https://bloomberg.com/
U.S. Energy Information Administration, Independent Statistics and Analysis: https://www.eia.gov/
Investing indicators. Internet source: https://investing.com/
NASDAQ indicators. Internet source: https://www.nasdaq.com/
NYSE indicators. Internet source: https://www.nyse.com/