TY - JOUR
T1 - Covid-19 and its effect on the supply and demand of fossil fuel energy
T2 - 2020 Medan International Conference on Energy and Sustainability, MICES 2020
AU - Sewandono, R. Edi
AU - Munandar, Adis Imam
N1 - Publisher Copyright:
© Published under licence by IOP Publishing Ltd.
PY - 2021/6/28
Y1 - 2021/6/28
N2 - Energy has a strategic contribution to the economic development of the countries. Due to Covid-19 that disrupts the demand and supply of fossil fuel energy products, thus, several sectors are also impacted. This study aims to investigate the effect of Covid-19 on the supply-demand of fossil fuel energy in Indonesia. The data in this research will be in the form of descriptive qualitative data by using secondary data analysis from several sources, the study reveals that the Covid-19 pandemic has a positive effect on Indonesian energy consumption. This result indicates that during Covid-19, 12.9%% oil fuel consumption decreased, 10.8% gas use decline, 0.9% LPG gas consumption rose 7.8%, electricity power declined, and the coal consumption 14.3% reduced, consequently the reduction in fossil fuel energy use will be very beneficial for dependency on imports which causes a lot of budget deficits, also potentially decreasing intensity and elasticity of energy then finally fulfilled sustainability energy.
AB - Energy has a strategic contribution to the economic development of the countries. Due to Covid-19 that disrupts the demand and supply of fossil fuel energy products, thus, several sectors are also impacted. This study aims to investigate the effect of Covid-19 on the supply-demand of fossil fuel energy in Indonesia. The data in this research will be in the form of descriptive qualitative data by using secondary data analysis from several sources, the study reveals that the Covid-19 pandemic has a positive effect on Indonesian energy consumption. This result indicates that during Covid-19, 12.9%% oil fuel consumption decreased, 10.8% gas use decline, 0.9% LPG gas consumption rose 7.8%, electricity power declined, and the coal consumption 14.3% reduced, consequently the reduction in fossil fuel energy use will be very beneficial for dependency on imports which causes a lot of budget deficits, also potentially decreasing intensity and elasticity of energy then finally fulfilled sustainability energy.
UR - http://www.scopus.com/inward/record.url?scp=85109988314&partnerID=8YFLogxK
U2 - 10.1088/1755-1315/753/1/012023
DO - 10.1088/1755-1315/753/1/012023
M3 - Conference article
AN - SCOPUS:85109988314
SN - 1755-1307
VL - 753
JO - IOP Conference Series: Earth and Environmental Science
JF - IOP Conference Series: Earth and Environmental Science
IS - 1
M1 - 012023
Y2 - 27 October 2020 through 28 October 2020
ER -