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In-depth Analysis                                                          NO.10    2020 / 12




            regulatory agencies through industry associations.   Impact of electricity regulation and energy
            The Edison Electric Institute (EEI), for example, has   policy
            done a great deal of work with electric utilities in   Reimbursement of pandemic-related costs
            response to the pandemic, including, among other    The decline in electricity demand due to the
            things:                                          pandemic was the main reason for the impact on
               (1) Industry coordination and liaison: Convene   utility revenues. To mitigate this impact, 22 states,
            leaders of member organizations to discuss strategies   including California, New York, New Jersey, Maryland,
            in response to the pandemic and develop industry   and Illinois (most of which were severely affected
            action guidelines. Convene webinars and invite   by the pandemic), have implemented rate measures
            a wide range of U.S. domestic and international   that charge rates that decouple total electricity costs
            power counterparts to exchange and introduce the   from electricity consumption, which has largely
            means and characteristics of COVID-19 prevention   mitigated the revenue impact of the pandemic on the
            in their respective countries and regions, and share   electricity industry as a whole.
            information and lessons learned.                    State government policies that allow for deferred
               (2) Communication with government departments:   bill payments due to the effects of the pandemic and
            Keep close communication with the government     service shutoffs on delinquent accounts adopted by
            through the Electricity Subsector Coordinating   electric power companies have led to an increase
            Council (ESCC) under the federal government. Apply   in bad debt and have negatively impacted utility
            to government finance and financial institutions   revenues. Currently, regulators in at least 35 states
            to increase liquidity in the secondary commercial   have allowed utility companies to make up for these
            paper market, on which member companies          losses.
            rely extensively for their operations. Apply to the   Encourage renewable energy development
            Securities and Exchange Commission for delayed      Job creation is a top priority for the federal
            filing of compliance documents. Work with the    government, state governments, and local           27
            National Security Council to reflect the electric   governments. Sustained economic growth can be
            industry's social responsibility in return-to-work   supported through job creation in renewable energy.
            arrangements.                                    According to the International Renewable Energy
               (3) Solving operational problems: Introduce the   Agency (IRENA), renewable energy provides more
            concept of essential workers and prioritize the   than 350,000 jobs in the United States. The impact
            provision of personal protective equipment for   of the pandemic on the job market has increased the
            essential workers. Obtain exemptions and extensions   focus on the supporting role of renewable energy for
            of Federal Motor Carrier Safety Administration on   employment.
            vehicle operating restrictions during the pandemic.                              (Source: SGCC)
            Continuously respond to the various issues caused
            by the pandemic to member companies' health and
            safety programs. Investigate member companies'
            issues related to bad debts and delinquent accounts,
            etc.
               (4) Industry pandemic prevention publicity:
            Establish an industry pandemic prevention response
            center to support the customer and community
            side by providing multiple resources. Educate
            state regulators and consumer advocates about
            the electric industry's preparedness and response
            to pandemic prevention and the impact of these
            efforts on the energy industry and customers by
            working with the National Association of Regulatory
            Utility Commissioners (NARUC) and National
            Association of  State Utility Consumer Advocates
            (NASUCA).


                                                                               Global Energy Interconnection Information
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