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(Machine) Learning from the COVID-19 Lockdown about Electricity Market Performance with a Large Share of Renewables

Corona virus image with world map
Image by Alexey Hulsov
Christoph Graf
Federico Quaglia

The negative demand shock due to the COVID-19 lockdown has reduced net demand for electricity—system demand less amount of energy produced by intermittent renewables, hydroelectric units, and net imports—that must be served by controllable generation units. Under normal demand conditions, introducing additional renewable generation capacity reduces net demand. This article explore what insights the lockdown can provide about electricity market performance with a large share of renewables.