Impact on energy consumption and mobility of Covid-19
With the preparation of this work, Corporación 5 has the aim to provide objective data that contributes to estimating how the declaration of the state of alarm and the situation caused by the health crisis derived from COVID-19 in the Canary Islands has affected energy consumption and mobility, analyzing the evolution of the consumption of energy products, such as fuel and electricity, before, during and after the state of alarm, concluding with different future reflections on mobility in the so-called "new normal" and therefore, how the demand for energy products in the Canary Islands could be affected.
Continuing with the philosophy of previous editions of Papeles de Economía Canaria, the objective of this issue focuses on carrying out the diagnostic work of the current situation, without trying to provide possible solutions or recommendations on the policies to be implemented for the future.
On this occasion, thanks to the collaboration of Cepsa, the seventh edition of Papeles de Economía Canaria is presented.
CONCLUSIONS I
- The COVID-19 crisis is an opportunity to rethink human mobility itself. The effect on mobility after the imposed restrictions is evident in the case of the promotion of teleworking and education through online media.
- Many service companies, including the public administration itself, are allowing their employees to telework from their home.
- In the Canary Islands, there was a traffic decrease of more than 80% during the state of alarm. Reaching -90% in the case of public transport, and -95% in air traffic.
- The drop in the consumption of petroleum products in the Canary Islands has been more than -50% during the month of May.
- The The fall in electricity consumption was -21.5% in April and -19.56% in May.
- There has been a great decrease in the collection of taxes such as Fuel (-35.6 million €) or electric (-1.6 million €) in the Canary Islands in just 2 months (April and May) due to mobility restrictions.
CONCLUSIONS II
- The tax on fuels derived from petroleum represents 4.5% of public revenues of the Autonomous Community of the Canary Islands, with a collection of 350.5 million euros.
- Collection of Fuel Tax could have been seen reduced by 35.6 million euros in the Canary Islands in just 2 months.
- Collection of the Electricity Tax could have been seen reduced by 1.6 million euros in just 2 months.
REPORT
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