Steve Maas, NATIONAL BUREAU OF ECONOMIC RESEARCH
Apr 28, 2021
During the COVID-19 pandemic, residential electricity consumption was drastically increased compared to the normal times.
During the COVID-19 pandemic, it was revealed that residential electricity consumption was drastically increased compared to the normal times. The article addresses that Americans spent $6 billion more on at-home power consumption from April to July 2020 than during normal times.
While the commercial and industrial power consumption was reduced significantly, the residential sector's power usage had increased that much reduced. Due to the COVID-19, people spent longer time in their home than normal times especially from April to July when the executive order, stay-at-home, was announced.
During that period, most of work changed into the remote work, and also even if the executive order is terminated, many companies are still working from home. However, there are not much energy efficient house in residential area, especially for those living in large suburban houses.
Therefore, we would like to introduce our product, FORCE, to make energy efficient residential sector because increase of power consumption in residential sector would bring environmental effects.