Presentation of report No. 7 of Papers of the Canarian Economy

Last Friday, August 7, together with CEPSA, we presented the results of the study; The impact of Covid-19 on mobility and energy consumption.

Herein seventh edition of Papeles de Economía Canaria we have carried out a estimation of 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.

It also analyzes the evolution on the consumption of energy products, such as fuel and electricity, before, during and after the state of alarm.

Finally, it concludes with different Future reflections on mobility in the so-called “new normal” and therefore, How the demand for energy products in the Canary Islands and their respective tax collection could be affected. 

Some of the main conclusions are:

  • An interannual drop in the consumption of petroleum products in the Canary Islands, of 56.67% on average in the month of April and 51.38% in May. The demand for electrical energy was reduced by 21.5% in April and 19.5% in May, compared to the same months of the previous year.
  • During the state of alarm, the Canary Islands registered a significant decrease in vehicle traffic, of 80%, a figure that reached 90% in the case of public transport, and reached a 95% reduction in air traffic. On April 6 there were 40 flights in the Canary Islands, compared to 1,048 in the same month of the previous year, and, between March 18 and 26, the Canary Islands airports registered 8,623 passengers, in contrast to the 187,654 in the same week in 2019.

Access to the full report:

Report No. 7: Roles of the Canarian economy

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