Energy Economics最新文献_第7页

Energy reserve dynamics: Integrating renewable energy for energy security and sustainability in lesser-developed economies 能源储备动态：在欠发达经济体整合可再生能源以实现能源安全和可持续性

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-08 DOI: 10.1016/j.eneco.2025.108882

Emna Kanzari , Gioacchino Fazio , Stefano Fricano , Roberto Cardinale

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引用次数: 0

Cross-border and cross-regional electricity transmission: Is there a price impact in south Norway? 跨境和跨区域电力传输：挪威南部是否有价格影响？

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-06 DOI: 10.1016/j.eneco.2025.108878

Vidar Bendiksen , Lars Olai Fjellestad Løining , Štefan Lyócsa

{"title":"Cross-border and cross-regional electricity transmission: Is there a price impact in south Norway?","authors":"Vidar Bendiksen , Lars Olai Fjellestad Løining , Štefan Lyócsa","doi":"10.1016/j.eneco.2025.108878","DOIUrl":"10.1016/j.eneco.2025.108878","url":null,"abstract":"<div><div>The potential impact of cross-border electricity exchange on domestic prices is a topic of active public debate in many countries. In this study, we quantify the extent to which electricity flows have contributed to hourly spot prices in Southern Norway (bidding region NO2). Using data from 2015 to 2024 and a system of non-crossing quantile regressions, we find that while electricity transmission flows have a limited effect on expected and median prices, they do help explain variation in the tails of the future price distribution. Specifically, regional electricity transmission and transmission with Netherlands and Denmark is only weakly associated with future prices. By contrast, electricity flows with Great Britain and Germany/Luxembourg have the potential to increase price volatility in Norway. While these effects can be economically significant, in-sample, they do not translate into improved out-of-sample forecasts of the price distribution. We discuss the policy implications of these findings and conclude that, on average, cross-border electricity flows do not themselves lead to increases in market prices. However, decoupling wholesale and retail prices for households through government subsidies and the introduction of fixed-rate schemes effectively addresses increased price volatility. Regarding the debate over restricting electricity flows, our results suggest that such policies should be trading partner-specific and should take into account the varying conditions under which cross-border electricity flows occur.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"150 ","pages":"Article 108878"},"PeriodicalIF":14.2,"publicationDate":"2025-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145019888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Joint decisions of renewable energy investment and daily energy procurement in smart microgrids 智能微电网中可再生能源投资与日常能源采购的联合决策

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-06 DOI: 10.1016/j.eneco.2025.108875

Tian Wang , Yangyang Liang , Yongjing Zhang

{"title":"Joint decisions of renewable energy investment and daily energy procurement in smart microgrids","authors":"Tian Wang , Yangyang Liang , Yongjing Zhang","doi":"10.1016/j.eneco.2025.108875","DOIUrl":"10.1016/j.eneco.2025.108875","url":null,"abstract":"<div><div>This paper explores the joint decision-making problem of renewable energy investment and daily electricity procurement within smart microgrids. By considering time-of-use pricing, demand shifting, and the intermittent nature of renewable energy, we develop a two-stage optimization model: the first stage uses a quadratic investment cost function to determine renewable energy capacity, while the second stage adopts a stochastic decision-making approach based on two-point probability distributions to manage traditional energy procurement under uncertain renewable output. Our findings indicate that higher nighttime electricity prices encourage greater reliance on renewable energy, although this does not necessarily lead to increased investment in renewable capacity. Additionally, through comparative statics analysis, we reason that advancements in home automation will reduce the psychological cost of demand shifting, yet renewable energy investment does not straightforwardly increase due to associated uncertainties. To empirically support our analysis, we simulate one year of demand and wind generation data from PJM RTO, revealing that even a small-scale wind turbine requires more than five years to recover its investment costs. To further reason about policy implications, we extend our model by introducing two policy measures, renewable energy buyback and carbon emission penalties, and demonstrate analytically and numerically that a buyback policy boosts investment but may paradoxically increase reliance on traditional sources, while carbon emission penalties effectively reduce traditional energy use without necessarily increasing renewable energy investment.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"150 ","pages":"Article 108875"},"PeriodicalIF":14.2,"publicationDate":"2025-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145045092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Moving forward blindly: Uncertainty, reliability, and the energy transition 盲目前进：不确定性、可靠性和能源转型

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-06 DOI: 10.1016/j.eneco.2025.108883

Alicia Bassière , David Benatia

引用次数: 0

Evolution of the oil and gas price-linkage with multiple uncertainties 多重不确定性下的油气价格联动演化

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-06 DOI: 10.1016/j.eneco.2025.108893

Tiantian Wang , Fei Wu , Dayong Zhang

{"title":"Evolution of the oil and gas price-linkage with multiple uncertainties","authors":"Tiantian Wang , Fei Wu , Dayong Zhang","doi":"10.1016/j.eneco.2025.108893","DOIUrl":"10.1016/j.eneco.2025.108893","url":null,"abstract":"<div><div>This study examines the evolution of oil-gas return spillovers over a sample period characterized by multiple sources of market uncertainties, with a dynamic frequency-domain spillover network model. These uncertainties or risks originate from destruction of energy infrastructure, pandemics, and geopolitical conflicts. In the long-term frequency domain, crude oil benchmarks are shown to be recipients of risk spillovers from highly market-driven natural gas markets. Among these benchmarks, the emerging crude oil futures benchmark (INE) exhibits greater sensitivity to risk spillovers compared with traditional ones like WTI and Brent. Regional geopolitical tensions, such as the Russia-Ukraine conflict, substantially amplify risk spillovers from regional natural gas markets to crude oil markets across all frequency domains. The leading role of natural gas markets is expected to rise during the ongoing energy transition. When comparing the Asian natural gas markets with those in North America and Europe, it is evident that higher levels of marketization contribute to both quicker responsiveness to risk spillovers caused by systemic events and an enhanced capacity to transmit risks within the oil-gas system.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"151 ","pages":"Article 108893"},"PeriodicalIF":14.2,"publicationDate":"2025-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145093856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Stabilizing energy markets: A dynamic analysis of price cap regulation in oligopolistic environments 稳定能源市场：寡头垄断环境下价格上限管制的动态分析

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-06 DOI: 10.1016/j.eneco.2025.108879

Veronika Nálepová , Marek Lampart

{"title":"Stabilizing energy markets: A dynamic analysis of price cap regulation in oligopolistic environments","authors":"Veronika Nálepová , Marek Lampart","doi":"10.1016/j.eneco.2025.108879","DOIUrl":"10.1016/j.eneco.2025.108879","url":null,"abstract":"<div><div>This paper provides a theoretical analysis of Cournot oligopoly dynamics under price cap regulation, particularly in the context of exogenous shocks, akin to recent events in the energy markets. Utilizing the 0–1 chaos test, we identified significant shifts in market behavior, highlighting the sensitivity of oligopolistic energy markets to regulatory parameters. Our findings indicate that improperly set tax policies can lead to chaotic and unstable market conditions. Exogenous shocks can cause firm divergence, which can be mitigated by introducing a short-term price cap. The analysis demonstrates that price caps effectively moderate the impact of exogenous shocks, enabling firms to revert to their pre-shock state without altering market dynamics. Moreover, the results suggest that price caps are more effective than windfall taxes. This research underscores the necessity for precise and adaptive regulatory frameworks to maintain market stability and protect both consumers and businesses from extreme price fluctuations. These insights are vital for policymakers aiming to design interventions that balance market stability with consumer protection in an increasingly interconnected and volatile global economy.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"151 ","pages":"Article 108879"},"PeriodicalIF":14.2,"publicationDate":"2025-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145093861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Policy-driven energy transition: China's low-carbon journey and global implications 政策驱动的能源转型：中国的低碳之旅及其全球影响

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-05 DOI: 10.1016/j.eneco.2025.108888

Yilong Li , Yongjian Huang , Jie Sheng

{"title":"Policy-driven energy transition: China's low-carbon journey and global implications","authors":"Yilong Li , Yongjian Huang , Jie Sheng","doi":"10.1016/j.eneco.2025.108888","DOIUrl":"10.1016/j.eneco.2025.108888","url":null,"abstract":"<div><div>This paper examines the effects of China's 2014 Energy Development Strategic Action Plan (EDSAP) on the low-carbon transition of provincial energy consumption from 2007 to 2022. Using an intensity-based difference-in-differences approach with event-study and robustness tests, we show that EDSAP significantly promotes a cleaner energy mix, with effects that intensify over time. Mechanism analysis identifies green finance, technological innovation, and government attention as key drivers, while excessive intervention dampens policy effectiveness. Spatial Durbin results confirm positive direct impacts and reveal spillovers to neighboring provinces, underscoring interregional externalities. Heterogeneity tests further indicate stronger outcomes in provinces with higher marketization and outside the eastern region. These findings highlight how finance, innovation, and governance channels jointly shape the effectiveness of energy transition policies, while also pointing to the importance of calibrated state intervention and cross-regional coordination in advancing China's low-carbon development under the evolving framework of the 2024 Energy Law.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"150 ","pages":"Article 108888"},"PeriodicalIF":14.2,"publicationDate":"2025-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145045093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How do health shocks affect household energy poverty? 健康冲击如何影响家庭能源贫困？

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-04 DOI: 10.1016/j.eneco.2025.108884

Wei Fan , Haolun Xu , Shulei Cheng , Fan Yang

引用次数: 0

Equitable subsidy amounts for upfront energy costs in developing countries 对发展中国家的前期能源成本给予公平的补贴

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-04 DOI: 10.1016/j.eneco.2025.108890

Daniel Mahn , Rohan Best , Cong Wang , Olukorede Abiona

{"title":"Equitable subsidy amounts for upfront energy costs in developing countries","authors":"Daniel Mahn , Rohan Best , Cong Wang , Olukorede Abiona","doi":"10.1016/j.eneco.2025.108890","DOIUrl":"10.1016/j.eneco.2025.108890","url":null,"abstract":"<div><div>We investigate the sensitivity of households to subsidy amounts for proposed investments in a solar lighting system or a connection to the electricity grid. Using a large microdata sample of 15,930 households for a group of 12 developing countries, the results show that having a formal bank account significantly influences the willingness to pay for a solar lighting system or for grid access, but this effect diminishes with delayed payment options. Economically constrained households, such as those without a formal bank account, are not sensitive to subsidies for solar lighting systems, which may be too expensive, but they are sensitive to subsidies for cheaper investments. Our interaction analysis reveals that households without a bank account (and thus constrained by financial conditions) who are offered an investment with a 66 % subsidy are more likely to be willing to pay than are those households with a bank account and who receive a full price offer without any subsidies. We can then calculate equitable subsidy amounts, which we normatively define as the amounts necessary to give each household an equal probability of being willing to pay the upfront cost. For example, when there are no subsidies for households with a formal bank account, equitable subsidy amounts for households without a formal bank account are approximately 43 % for a solar lighting system and 65 % for a grid connection.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"150 ","pages":"Article 108890"},"PeriodicalIF":14.2,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145045096","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regulatory game model of carbon leakage collusion: Prospect theory and verification agency dynamics 碳泄漏合谋监管博弈模型：前景理论与验证代理动力学

IF 14.2 2区经济学

Energy Economics Pub Date : 2025-09-03 DOI: 10.1016/j.eneco.2025.108874

Qingsong Xing , Yanlin Yan , Fumin Deng , Peng Wang

{"title":"Regulatory game model of carbon leakage collusion: Prospect theory and verification agency dynamics","authors":"Qingsong Xing , Yanlin Yan , Fumin Deng , Peng Wang","doi":"10.1016/j.eneco.2025.108874","DOIUrl":"10.1016/j.eneco.2025.108874","url":null,"abstract":"<div><div>The compliance of carbon data quality is a key factor that concerns national image, market stability, and policy-making, and has always been one of the hot issues widely concerned by all sectors of society. As an important tool for promoting corporate environmental, social, and governance (ESG) behaviors, the Emission Trading System (ETS) plays a significant role in achieving carbon emission reduction targets. This study introduces prospect theory to construct a regulatory game model of carbon leakage collusion behavior involving both passive and active participation of verification institutions, and discusses the collusion conditions of various participants under different model parameters. Through numerical simulation, the study explores the impact of key factors such as collusion benefits on the shift in the collusion behavior of verification institutions and on the collusion situation of multiple behavior subjects under different model parameters. The main conclusions are as follows: 1) The choice of collusion method by the actors of carbon verification institutions is influenced by their subjective perception of the probability of successful government supervision and the benefits of collusion; 2) The behavior subjects are more sensitive to changes in the degree of loss aversion coefficient than to changes in the degree of marginal sensitivity coefficient.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"150 ","pages":"Article 108874"},"PeriodicalIF":14.2,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145019887","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0