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Displaying results 51 to 75 of 118.

  1. The many channels of firm's adjustment to energy shocks
    evidence from France
    Author: Fontagné, Lionel; Martin, Philippe J.; Orefice, Gianluca
    Published: July 2023
    Publisher:  CESifo, Munich, Germany

    Based on firm level data in the French manufacturing sector, we find that firms adapt quickly, strongly and through multiple channels to energy shocks, even though electricity and gas bills represent a very small share of their total costs. Over the... more

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    Based on firm level data in the French manufacturing sector, we find that firms adapt quickly, strongly and through multiple channels to energy shocks, even though electricity and gas bills represent a very small share of their total costs. Over the period 1996-2019, faced with an idiosyncratic energy price increase, firms reduce their energy demand, improve their energy efficiency, increase intermediate inputs imports and optimize energy use across plants. Firms are also able to pass-through the cost shock fully on their export prices. Their production, exports and employment fall. A consequence of these multiple adjustment mechanisms is that the fall in profits is either non-significant, small or specific to only the most energy intensive firms. We also find that the impact of electricity shocks has weakened over time, suggesting that only firms able to adapt their production process to energy cost shocks have survived. Importantly, when faced with large electricity and gas price increases, firms are less able to reduce their consumption. These results shed light on the mechanisms of resilience of the European manufacturing sector in the context of the present energy crisis.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/279298
    Series: CESifo working papers ; 10548 (2023)
    Subjects: energy crisis; employment; production; competitiveness; electricity; gas
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  2. A broader perspective on the inflationary effects of energy price shocks
    Author: Kilian, Lutz; Zhou, Xiaoqing
    Published: December
    Publisher:  Federal Reserve Bank of Dallas, Research Department, Dallas

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    Series: Working paper / Federal Reserve Bank of Dallas, Research Department ; 2224
    Subjects: Headline; core; goods; services; oil; gasoline; diesel; jet fuel; natural gas; coal; electricity
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  3. Perfect so far?
    substitutability between wind & solar and dirty electricity generation
    Author: Wiskich, Anthony
    Published: 2023
    Publisher:  Australian National University, Crawford School of Public Policy, Canberra

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2023, 27 (June 2023)
    Subjects: elasticity of substitution; climate change; energy; electricity; production function
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  4. 10 years after
    long-term adoption of electricity in rural Rwanda
    Author: Masselus, Lise; Ankel-Peters, Jörg; Gonzalez Sutil, Gabriel; Modi, Vijay; Mugyenyi, Joel; Munyehirwe, Anicet; Williams, Nathan; Sievert, Maximiliane
    Published: 2024
    Publisher:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

    Extending the power grid into hitherto unconnected areas is high on the policy agenda in Sub-Saharan Africa. Yet, connection rates and electricity consumption remain low in grid connected areas, at least in the short and medium run. This paper... more

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    Extending the power grid into hitherto unconnected areas is high on the policy agenda in Sub-Saharan Africa. Yet, connection rates and electricity consumption remain low in grid connected areas, at least in the short and medium run. This paper provides a long-term follow-up on an evaluation of a large-scale grid extension program in rural Rwanda. We study the adoption of grid electricity over time using a panel of 41 communities that were electrified up to ten years ago. We find that connection rates for households living near the grid increased from 62% in 2013 to 82% in 2022. At the wider community level, connection rates are much lower, at 51%. Furthermore, electricity consumption and appliance usage are low and did not grow over time. We corroborate these findings with administrative consumption data from the utility customer data base. Our findings suggest that investments into gridbased rural electrification cannot be justified by economic development impacts and cost-benefit considerations. Die Ausweitung des Stromnetzes auf bisher nicht angeschlossene Gebiete steht ganz oben auf der politischen Agenda in Afrika südlich der Sahara. Dennoch sind die Anschlussraten und der Stromverbrauch in netzgebundenen Gebieten zumindest kurz- und mittelfristig niedrig. Dieses Papier bietet eine langfristige Nachbereitung einer Evaluierung eines groß angelegten Netzausbauprogramms im ländlichen Ruanda. Wir untersuchen die Akzeptanz von Netzstrom im Laufe der Zeit anhand eines Panels von 41 Gemeinden, die vor bis zu zehn Jahren elektrifiziert wurden. Wir stellen fest, dass die Anschlussquote für Haushalte, die in der Nähe des Netzes leben, von 62 % im Jahr 2013 auf 82 % im Jahr 2022 gestiegen ist. Auf der Ebene der gesamten Gemeinde liegen die Anschlussquoten mit 51 % deutlich niedriger. Darüber hinaus sind der Stromverbrauch und die Gerätenutzung gering und haben im Laufe der Zeit nicht zugenommen. Wir untermauern diese Ergebnisse mit administrativen Verbrauchsdaten aus der Kundendatenbank des Versorgungsunternehmens. Unsere Ergebnisse deuten darauf hin, dass Investitionen in die netzgestützte ländliche Elektrifizierung nicht durch wirtschaftliche Entwicklungseffekte und Kosten-Nutzen-Erwägungen gerechtfertigt werden können.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783969732618
    Other identifier:
    hdl: 10419/300563
    Series: Ruhr economic papers ; #1086
    Subjects: Energy access; energy consumption; energy use; electricity; Sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  5. Integration of wind power into an electricity system using pumped-storage
    economic challenges and stakeholder impacts
    Author: Bahramian, Pejman
    Published: [2021]
    Publisher:  [Department of Economics, Queen's University], [Kingston, Ontario, Canada]

    The Province of Ontario has had a very aggressive program of introducing wind electricity generation technologies into its generation supply mix. This program, combined with the rigid baseload production by nuclear and hydro plants, has created a... more

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    The Province of Ontario has had a very aggressive program of introducing wind electricity generation technologies into its generation supply mix. This program, combined with the rigid baseload production by nuclear and hydro plants, has created a surplus baseload electricity supply for 20 years. Pumped hydro storage (PHS) has been suggested as an economically viable technology for storing energy produced by non-dispatchable wind energy sources. In this vein, an analytical framework has been developed to explore the feasibility of the PHS facility to manage the surplus supply of electricity and compare its cost performance with the alternative gas power plants. The analysis is undertaken for a situation where the PHS plant uses surplus energy for the first 20 years of its operation, and additional wind energy would be provided for the second 20 years of the project's life. It is found that given the level of capital costs of building PHS in Ontario, the PHS expansion is not economically cost-effective to utilize the projected off-peak surpluses. The economic analysis also illustrates that in the context of Ontario, the integration of PHS with wind power generation will have a negative impact on the Canadian economy in all circumstances. This loss is borne mainly by the electricity consumers of Ontario. Even considering the cost of GHG emissions from a world perspective, this investment is not worthwhile. It would be better socially from the perspective of the world if the surplus baseload electricity from Ontario would be given away to the US free of charge. It could then be used to reduce generation by natural gas plants in the USA, hence reducing GHG emissions globally, without any incremental cost to Canada.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Queen's Economics Department working paper] ; [no. 1478]
    Subjects: economic analysis; electricity; Ontario; pumped hydro storage; wind power
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
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    Datei wurde von der herausgebenden Institution entfernt
  6. From hierarchies to markets and partially back again in electricity: responding to deep decarbonization commitments and security of supply criteria
    Author: Joskow, Paul L.
    Published: June 2021
    Publisher:  MIT Center for Energy and Environmental Policy Research, Cambridge, MA, USA

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    Series: Working paper series / MIT Center for Energy and Environmental Policy Research ; 2021, 008
    Subjects: electricity; hybrid markets; security of supply; decarbonization; intermittency
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  7. Facilitating transmission expansion to support efficient decarbonization of the electricity sector
    Author: Joskow, Paul L.
    Published: June 2021
    Publisher:  MIT Center for Energy and Environmental Policy Research, Cambridge, MA, USA

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    Series: Working paper series / MIT Center for Energy and Environmental Policy Research ; 2021, 009
    Subjects: electricity; transmission; decarbonization; wind generation; solar generation; regulation
    Scope: 1 Online-Ressource (circa 54 Seiten)
  8. Electricity market integration, decarbonisation and security of supply
    dynamic volatility connectedness in the Irish and Great Britain markets
    Author: Do, Hung; Nepal, Rabindra; Jamasb, Tooraj
    Published: 3 February 2020
    Publisher:  University of Cambridge, Faculty of Economics, Cambridge

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    Series: Cambridge working paper in economics ; 202007
    EPRG working paper ; 2003
    Subjects: Market integration; electricity; renewable; energy policy; volatility
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  9. The long-run gains from the early adoption of electricity
    Author: Brey, Björn
    Published: [2021]
    Publisher:  University of Nottingham, GEP, [Nottingham]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This version: November 1, 2021
    Series: Array ; research paper 2021, 5
    Subjects: electricity; industrialization; long-run development; human capital
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  10. The economic benefits of mitigating the eisk of unplanned power outages
    Author: Hashemi, Majid; Jenkins, Glenn P.
    Published: 10-2021
    Publisher:  Department of Economics, Queen's University, Kingston, Ontario, Canada

    This paper takes on a novel perspective to the overloading of distribution substations by considering the common-pool characteristics of electric infrastructure capacity. Using firmand substation-level data from a sample of Nepalese firms, the... more

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    This paper takes on a novel perspective to the overloading of distribution substations by considering the common-pool characteristics of electric infrastructure capacity. Using firmand substation-level data from a sample of Nepalese firms, the results provide evidence of common-pool resource (CPR) problems across substations' ownership boundaries: firms with captive substations experience fewer and shorter unplanned outages than firms connected to shared substations. Based on these findings, private investments in captive substations emerge as a coping mechanism against unreliable electricity supply. Lastly, an appraisal framework for such investments is developed and used to quantify the economic benefits to Nepal's economy.

     
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    Other identifier:
    hdl: 10419/247209
    Series: Queen's Economics Department working paper ; no. 1468
    Subjects: Opportunity cost of power outages; electricity reliability; common-pool resource; electricity
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  11. Electricity Markets in Transition
    a proposal for reforming European electricity markets
    Author: Fabra, Natalia
    Published: 23 November 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17689
    Subjects: electricity; energy crisis; energy transition; market design
    Scope: 1 Online-Ressource (circa Seiten)
  12. La qualità dell’approvvigionamento di energia elettrica
    un confronto fra macroaree
    Author: Galano, Simona; Sessa, Luca; Zuccolalà, Simone
    Published: [2022]
    Publisher:  Banca d'Italia, [Rom]

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    Language: Italian
    Media type: Book
    Format: Online
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    Series: Questioni di economia e finanza / Banca d'Italia ; number 737 (Dicembre 2022)
    Subjects: electricity; quality; continuity of supply; interruptions; voltage dips; regional inequality; productivity; competitiveness; regulation; infrastructures
    Scope: 1 Online-Ressource (circa 76 Seiten), Illustrationen
  13. Developing a model for consumer management of decentralized options
    Author: Frings, Cordelia; Helgeson, Broghan
    Published: [2022]
    Publisher:  Institute of Energy Economics at the University of Cologne (EWI), Köln, Germany

    The shift from centralized to decentralized energy provision has created an opportunity for a wide range of distributed energy resources. In deciding how to best serve their long-term energy needs, end consumers face a plethora of investment options... more

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    The shift from centralized to decentralized energy provision has created an opportunity for a wide range of distributed energy resources. In deciding how to best serve their long-term energy needs, end consumers face a plethora of investment options together with complex regulatory instruments as well as growing uncertainty regarding, e.g. techno-economic and political developments. Optimization models using linear programming methods are one option to help shed light on possible technology combinations and the economic consequences for end consumers. Yet the existing literature indicates a clear lack of models capable of accounting for high technical, regulatory and economic detail while optimizing investments in multiple future years. Therefore, within this paper, the mixed-integer linear programming model COMODO (Consumer Management of Decentralized Options) is developed to determine the cost-minimal energy provision for end consumers. The model uses its extensive technology catalog to perform an investment and dispatch optimization for multiple years, minimizing total costs over a long-term time horizon while accounting for developments in techno-economic data, regulatory frameworks and energy market conditions. Furthermore, piecewise-linear functions are created to represent costs and subsidies for different systems sizes and for future years. In order to demonstrate the capabilities of the model developed, an exemplary application is presented to investigate the energy provision of four single-family homes in Germany for the years 2025 to 2045. Three scenarios are designed that build upon each other regarding the amount of information available to consumers and their decentralized energy technologies. The results show a clear preference for gas boilers as a base technology coupled with electric heaters to cover demand peaks. Households with higher demand levels invest in PV systems in 2025, while other households with lower demands either wait until 2040 or do not invest. A sensitivity analysis then examines the effects of higher carbon pricing in the German building sector on the consumer’s energy provision. The subsequent increase in the retail gas price leads to households choosing to fully electrify their heat provision, i.e., installing a heat pump combined with thermal storage, PV and an electric heater. On average, these households experience an increase in total costs ranging from 3.5% to 5.4% over the complete time horizon and realize a long-term decrease in annual carbon emissions of up to 80% compared to the analysis with lower carbon pricing. Lastly, this work also presents a novel method of analyzing the marginal costs of electricity and heat provision, revealing a strong correlation between the implicit marginal costs of energy provision and the assumptions on retail energy prices.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/268218
    Series: EWI working paper ; no 22, 05 (December 2022)
    Subjects: Distributed energy resources; mixed-integer linear programming; consumer investment behavior; consumer modeling; heating; electricity; techno-economic optimization; energy system design
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  14. A broader perspective on the inflationary effects of energy price shocks
    Author: Kilian, Lutz; Zhou, Xiaoqing
    Published: [2022]
    Publisher:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is... more

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    Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is embodied in the prices of goods and services that consumers buy, say when purchasing an airline ticket or when buying online garden furniture made from plastic to be delivered by mail. Previous research has focused on quantifying the pass-through of the price of crude oil or the price of motor gasoline to U.S. inflation. Neither approach accounts for the fact that percent changes in refined product prices need not be proportionate to the percent change in the price of oil, that not all energy is derived from oil, and that the correlation of price shocks across energy markets is far from one. This paper develops a vector autoregressive model that quantifies the joint impact of shocks to several energy prices on headline and core CPI inflation. Our analysis confirms that focusing on gasoline price shocks alone will underestimate the inflationary pressures emanating from the energy sector, but not enough to overturn the conclusion that much of the observed increase in headline inflation in 2021 and 2022 reflected non-energy price shocks.

     
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    Other identifier:
    hdl: 10419/268890
    Series: CFS working paper series ; no. 686
    Subjects: Headline; core; oil; gasoline; diesel; jet fuel; natural gas; coal; electricity
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  15. The political economy of south africa’s carbon tax
    Author: Baker, Lucy
    Published: November 2022
    Publisher:  The International Centre for Tax and Development at the Institute of Development Studies, Brighton, UK

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    Language: English
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    ISBN: 9781804700518
    Series: ICTD working paper ; 150
    Subjects: carbon tax; mineral-energy complex; climate policy; emissions; coal; just transition; electricity
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  16. Supply flexibility in electricity markets
    Author: Crampes, Claude; Renault, Jérôme
    Published: [2018]
    Publisher:  Toulouse School of Economics, [Toulouse]

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    Series: Working papers / Toulouse School of Economics ; no 18-964
    Subjects: flexibility; electricity; production costs; day-ahead market; real-time market; perfect competition; imperfect competition
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  17. Averting expenditures and willingness to pay for electricity supply reliability
    Author: Niroomand, Naghmeh; Jenkins, Glenn P.
    Published: [2022]
    Publisher:  [Queen's Economics Department], [Kingston, Ontario]

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    Series: Development discussion paper ; 2022-16
    Subjects: averting expenditures; electricity; reliability; revealed preference; willingness to pay
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  18. The Shifting Finance of Electricity Generation
    Author: Andonov, Aleksandar; Rauh, Joshua
    Published: 2022
    Publisher:  SSRN, [S.l.]

    We collect ownership data of U.S. power plants accounting for 99% of U.S. electricity generation over the 2008-2020 period. Domestic listed corporations have reduced their ownership from 69% to 54% of total generation, while private equity,... more

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    We collect ownership data of U.S. power plants accounting for 99% of U.S. electricity generation over the 2008-2020 period. Domestic listed corporations have reduced their ownership from 69% to 54% of total generation, while private equity, institutional investors, and foreign corporations have increased their ownership from 8% to 24%. These new entrants have increased their share largely through the adoption of innovative technologies and creation of new natural gas, solar, and wind power plants, rather than acquisitions of existing plants. We find only limited support for the leakage hypothesis that incumbent domestic corporations, which are subject to more disclosure requirements and scrutiny, sell older fossil-fuel power plants to the new ownership types in order to keep them alive. Market deregulation is the main economic factor explaining the heterogeneity in ownership structure in the electricity sector, while climate concerns and renewable policy measures have a limited effect. The changing ownership structure has implications for electricity markets as private equity operates power plants at lower capacity factors and sells electricity for $1.87 higher average price per MWh. Private equity owners sell electricity under contracts with shorter duration, shorter increment pricing, and more peak-term periods, especially when selling electricity generated from fossil fuels

     
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    Series: Stanford University Graduate School of Business Research Paper ; No. 4287123
    Subjects: energy; innovation; private equity; institutional investors; power plants; utilities; electricity
    Other subjects: Array; Array
    Scope: 1 Online-Ressource (69 p)
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    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2022 erstellt
  19. Market design for the procurement of reactive power
    the current state in Germany
    Author: Pechan, Anna; Buchmann, Marius
    Published: December 2023
    Publisher:  Constructor University Bremen, Bremen Energy Research (BER), Bremen

    The market-based procurement of system services for network operators is gaining momentum in the current debate about the future market design in the energy sector. Since current sources of reactive power are primarily fossil-fuel power plants which... more

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    The market-based procurement of system services for network operators is gaining momentum in the current debate about the future market design in the energy sector. Since current sources of reactive power are primarily fossil-fuel power plants which will not be available in a carbon neutral energy system, reactive power will be sources from distributed assets in the electricity networks. The German regulator has proposed new rules for reactive power procurement, which are based on three pillars: The technical connection agreements, fully integrated network components owned by the network operators and market-based procurement. While this approach is primarily aiming at the reactive power demand on the transmission grid level, assets from the medium voltage grid can participate in this process as well. We evaluate this approach from an economic perspective and conclude that while such a three-pillar system can secure an effective provision of reactive power, the efficiency heavily depends on the regulatory system and that it provides the correct incentives for the network operator.

     
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    hdl: 10419/283475
    Series: Bremen energy working papers ; no. 46
    Subjects: reactive power; electricity; network; market design
    Scope: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  20. Is the electricity sector a weak link in development?
    Author: Colmer, Jonathan; Lagakos, David; Shu, Martin
    Published: December 2023
    Publisher:  CESifo, Munich, Germany

    This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic model in which... more

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    This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic model in which electricity is a strong complement to other inputs in production. We parameterize the model using our own new measures of electricity-sector TFP across countries. The model predicts modest long-run GDP gains from improving electricity-sector TFP, contrary to the notion that electricity is a weak link. Parameterizations that make electricity a weak link mostly require the electricity sector to be counterfactually large or unproductive.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Series: CESifo working papers ; 10874 (2023)
    Subjects: electricity; economic development; weak link; TFP
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  21. Is the electricity sector a weak link in development?
    Author: Colmer, Jonathan; Lagakos, David; Shu, Martin
    Published: [2023]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Series: Discussion paper / Centre for Economic Performance ; no. 1970 (January 2024)
    Subjects: electricity; economic development; weak link; TFP
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  22. Is electrification in India fiscally sustainable?
    Author: Barnwal, Prabhat; Ryan, Nicholas
    Published: January 2024
    Publisher:  National Council of Applied Economic Research, [New Delhi, India]

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    Series: Working paper / National Council of Applied Economic Research ; no. WP 150
    Subjects: public sector reform; electricity; government bailouts; direct benefit transfer
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  23. Complementary inputs and industrial development
    can lower electricity prices improve energy efficiency?
    Author: Singer, Gregor
    Published: February 2024
    Publisher:  London School of Economics and Political Science, London

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    Series: Grantham Research Institute on Climate Change and the Environment working paper ; no. 407
    Subjects: electricity; electricity consumption; Electricity prices; electricity supply and demand; energy costs; energy efficiency; India; manufacturin
    Scope: 1 Online-Ressource (circa 90 Seiten)
  24. The expansion of incentive (performance based) regulation of electricity distribution and transmission in the United States
    Author: Joskow, Paul L.
    Published: [2024]
    Publisher:  MIT Center for Energy and Environmental Policy Research, Cambridge, MA, USA

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    Series: Working paper series / MIT Center for Energy and Environmental Policy Research ; 2024, 01 (January 2024)
    Subjects: electricity; electricity distribution; electricity transmission; incentive regulation; cost-of-service regulation
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  25. Electricity market integration, decarbonisation and security of supply
    dynamic volatility connectedness in the Irish and Great Britain markets
    Author: Do, Hung; Nepal, Rabindra; Jamasb, Tooraj
    Published: 2020
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, [Canberra]

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    Series: CAMA working paper ; 2020, 42 (April 2020)
    Subjects: Market integration; electricity; renewable; energy policy; volatility
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen