Did the COVID-19 Outbreak Asymmetrically Affect the Spot Electricity Price in India?

Muhammed Ashiq Villanthenkodath and Mantu Kumar Mahalik ()
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Mantu Kumar Mahalik: School of Social Sciences & Humanities, BSA Crescent Institute of Science and Technology
Authors registered in the RePEc Author Service: Muhammed Ashiq V

Energy RESEARCH LETTERS, 2022, vol. 3, issue 2, 1-6

Abstract: We evaluate the asymmetric impact of the second wave of COVID-19 on the spot electricity price in India. The estimated nonlinear autoregressive distributed lag model shows that both positive and negative shocks from the COVID-19 pandemic reduce the long-run spot electricity price. Surprisingly, the COVID-19 negative shock outweighs its positive shock. This result shows the detrimental effect of the COVID-19 pandemic on the spot electricity price, which policymakers in India should not overlook.

Keywords: COVID-19; Spot Electricity Price; NARDL (search for similar items in EconPapers)
JEL-codes: I10 Q41 (search for similar items in EconPapers)
Date: 2022
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