Energy PolicyPub Date : 2023-10-09DOI: 10.1016/j.enpol.2023.113848
{"title":"Introduction to the Energy Policy’s “50 for 50” Virtual Special Issue","authors":"","doi":"10.1016/j.enpol.2023.113848","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113848","url":null,"abstract":"","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113848"},"PeriodicalIF":9.0,"publicationDate":"2023-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202425","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}
Energy PolicyPub Date : 2023-10-07DOI: 10.1016/j.enpol.2023.113852
Gerson Aguirre , Joaquín Lazo , David Watts
{"title":"Regulatory response to COVID-19 in the Ibero-American electricity sector: Policy implications and critical analysis of support measures","authors":"Gerson Aguirre , Joaquín Lazo , David Watts","doi":"10.1016/j.enpol.2023.113852","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113852","url":null,"abstract":"<div><p><span>The confinement measures implemented to curb the spread of COVID-19 caused massive job destruction and increased residential electricity consumption due to the increased time people spent in their homes, putting millions of people around the world at risk of energy poverty<span> at a time when they depended on it for telecommuting, distance learning, recreation, and communication. Governments reacted quickly and introduced various emergency measures to secure the power supply. This article reviews and classifies the emergency measures implemented in the electricity sector in 22 Ibero-American countries, identifying the validity of the measures, the benefits provided, and the requirements to apply. The paper focuses on economic support measures for residential customers. The main measures include the prohibition of disconnection of electricity service, deferment of payment of the electricity bill, installment payments of the electricity debt, and reduction of the electricity tariff. However, measures aimed at commercial and industrial customers and companies participating in the electricity </span></span>supply chain are also reviewed. We argue that these measures, applicable not only during health crises but also during any event that confines the population for an extended period, should be targeted at the most vulnerable population to reduce fiscal expenditure and increase social impact.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113852"},"PeriodicalIF":9.0,"publicationDate":"2023-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202794","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}
Energy PolicyPub Date : 2023-10-07DOI: 10.1016/j.enpol.2023.113822
Jessica Coria , Jūratė Jaraitė
{"title":"Ownership structure and prices: A case study of the Swedish tradable green certificate market","authors":"Jessica Coria , Jūratė Jaraitė","doi":"10.1016/j.enpol.2023.113822","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113822","url":null,"abstract":"<div><p>This paper studies the ownership structure among participants in the Swedish tradable green certificate (TGC) system and its implications for TGC prices. First, we investigate cross-ownership – a situation when a firm is active on both the demand and supply sides of the TGC market – by linking suppliers and obliged parties to their parent firms. Next, we calculate indexes of market concentration that account for cross-ownership. Finally, we use detailed TGC transaction-level data to analyze differences in the prices of the TGCs traded by cross-ownership versus non-cross-ownership firms. Our results show considerable cross-ownership, with many firms active on both TGC supply and demand sides. However, even after accounting for cross-ownership, the market concentration of the entire TGC market is low and has decreased over time. Despite the absence of market concentration, our analysis of TGC prices indicates that cross-ownership firms have the ability to differentiate TGC prices from non-cross-ownership firms. Such behavior is consistent with the behavioral assumption that the ultimate owner's objective is to maximize the total profit of the portfolio of shares, and that, therefore, the pricing behavior would differ from that of a perfectly competitive firm without ownership links to other firms in the industry.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113822"},"PeriodicalIF":9.0,"publicationDate":"2023-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202434","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}
{"title":"Modelling the growth dynamics of sustainable renewable energy – Flourishing green financing","authors":"Jatin Trivedi , Dipanwita Chakraborty , Haitham Nobanee","doi":"10.1016/j.enpol.2023.113846","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113846","url":null,"abstract":"<div><p><span><span>This study investigates global energy production and consumption trends amid the backdrop of rising global temperatures. Utilizing data from the World Bank, we analyze renewable energy (RE) production and consumption in 51 countries, encompassing 38 OECD nations, 18 non-OECD countries, and 31 </span>IEA member states. Employing dynamic </span>hierarchical clustering<span><span> analysis (HCA) with various linkage methods, including single-linkage, combined-linkage, and Ward linkage, we identify patterns in RE source growth. Our findings offer valuable insights for green </span>finance<span> and private investors, enabling them to develop essential infrastructure to bolster economic sustainability. Furthermore, our results underscore the significance of exploring RE growth and its associated clusters to inform energy policies and investment opportunities. We emphasize the necessity of adopting green and sustainable energy policies, fostering RE sharing, and making informed decisions to maximize natural resource utilization. Additionally, we stress the importance of structuring both short- and long-term global corporate green financing strategies and policies to facilitate the transition toward sustainable energy solutions.</span></span></p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113846"},"PeriodicalIF":9.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202798","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}
Energy PolicyPub Date : 2023-10-05DOI: 10.1016/j.enpol.2023.113828
Alejandro Pena-Bello, Robin Junod, Christophe Ballif, Nicolas Wyrsch
{"title":"Balancing DSO interests and PV system economics with alternative tariffs","authors":"Alejandro Pena-Bello, Robin Junod, Christophe Ballif, Nicolas Wyrsch","doi":"10.1016/j.enpol.2023.113828","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113828","url":null,"abstract":"<div><p>Distributed rooftop photovoltaics (PV) is one of the pillars of the energy transition yet their widespread integration strains grids, leading to over-voltage, reverse power flow, and infrastructure strain. Furthermore, increased PV self-consumption reduces imported electricity, posing challenges for cost recovery by Transmission System Operators (TSOs) and Distribution System Operators (DSOs), whose grid costs were traditionally tied to volumetric tariffs. To investigate whether alternative tariffs could mitigate PV impacts at the distribution level without hampering PV development, we assess five electricity tariffs that could help the DSOs to recover the costs of maintaining the distribution grid. We also analyze their effects on private storage investment and their implications for urban, semi-urban, and rural low-voltage networks. We found that tariffs with a capacity-based component promote further adoption of PV and storage. At the same time, they allow the DSOs to recover the grid cost without incurring relevant economic differences for the customer. Our study found that alternative tariffs like dynamic and capacity-based tariffs promote the adoption of storage and PV systems. While no single tariff alone can fully mitigate PV impacts at the distribution level, our results point towards the need of managing PV export through solutions like PV curtailment.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113828"},"PeriodicalIF":9.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202481","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}
Energy PolicyPub Date : 2023-10-05DOI: 10.1016/j.enpol.2023.113825
Jie Liu , Haoqi Qian , Qian Zhang , Zhiyan Lin , Pierluigi Siano
{"title":"Corruption induced energy inefficiencies: Evidence from China's energy investment projects","authors":"Jie Liu , Haoqi Qian , Qian Zhang , Zhiyan Lin , Pierluigi Siano","doi":"10.1016/j.enpol.2023.113825","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113825","url":null,"abstract":"<div><p>China is currently having a lot of conversations about energy and corruption<span>. This research explores how corruption and energy investment affect energy efficiency by employing statistical methodologies and analyzing data spanning from 2000 to 2017. The research findings indicate that corruption has a detrimental effect on energy efficiency. Further analysis reveals that energy investment acts as a mediator in this relationship. The influence of corruption on energy efficiency varies depending on the endowment of energy resources and the level of performance pressure. Regions with lower endowments of energy resources experience a greater detrimental impact of corruption on energy efficiency. However, in regions with higher endowments of energy resources, energy investment has a complete mediating effect. In regions with lower performance pressure, corruption significantly reduces energy efficiency, whereas, in regions with higher performance pressure, the mediating role of energy investment is more prominent. The approval system reform in the energy investment sector since 2013 has reduced the adverse impact of corruption on energy investment and, consequently, on energy efficiency. These research findings offer valuable insights for the Chinese government to address shortcomings, combat corruption in the energy sector, optimize energy investment, and enhance energy efficiency further.</span></p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113825"},"PeriodicalIF":9.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202791","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}
Energy PolicyPub Date : 2023-10-05DOI: 10.1016/j.enpol.2023.113833
Chiara Patricia Drolsbach , Maximilian Maurice Gail , Phil-Adrian Klotz
{"title":"Pass-through of temporary fuel tax reductions: Evidence from Europe","authors":"Chiara Patricia Drolsbach , Maximilian Maurice Gail , Phil-Adrian Klotz","doi":"10.1016/j.enpol.2023.113833","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113833","url":null,"abstract":"<div><p>Several European countries have implemented temporary fuel tax reductions in 2022 to relieve the financial burden on their citizens. This paper is the first to provide estimates of the pass-through rates as well as the effect on retail margins for France and Italy. Further, it contributes to the recent literature on the fuel tax reduction in Germany. Using a unique data set containing daily consumer prices at service station chain level for gasoline and diesel, we employ a staggered Difference-in-Differences (DiD) design. Our main results imply that in the aggregate there was a full-shifting of the fuel tax reductions in all three countries. Nevertheless, in an event study design we find that the pass-through rates over time are heterogeneous between the countries and types of fuel. Depending on time, heterogeneous effects imply a full-shifting up to a minor over-shifting of the pass-through rates. These findings also have important implications for the effective design of unconventional fiscal policy as well as for competition policy in the fuel market.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113833"},"PeriodicalIF":9.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202432","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}
Energy PolicyPub Date : 2023-10-05DOI: 10.1016/j.enpol.2023.113836
Magnus Schauf , Sebastian Schwenen
{"title":"System price dynamics for battery storage","authors":"Magnus Schauf , Sebastian Schwenen","doi":"10.1016/j.enpol.2023.113836","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113836","url":null,"abstract":"<div><p><span><span>While steep learning curves have been documented for lithium-ion battery packs, little evidence exists on whether total system prices for end-users reflect this decline. We use project-level data from California to estimate system price dynamics and experience rates for battery storage systems. We document low experience rates of about 1.3%, i.e., with every doubling in cumulative projects, system prices fall by 1.3%. Larger systems show higher experience rates of up to 11%, while smaller systems show slightly negative experience rates. We find that limited competition among </span>installers is restraining price declines for small systems. Moreover, learning is driven by </span>industry (rather than firm) experience and is significantly lower for balance-of-system prices. In sum, our results suggest that price dynamics relevant to end-users fall behind the pace of reported cost declines for battery packs, and warrant policy focus on installer competition and balance-of-system costs.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113836"},"PeriodicalIF":9.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202470","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}
Energy PolicyPub Date : 2023-10-05DOI: 10.1016/j.enpol.2023.113843
Yuting Mou , Anthony Papavasiliou , Katharina Hartz , Alexander Dusolt , Christian Redl
{"title":"An analysis of shortage pricing and capacity remuneration mechanisms on the pan-European common energy market","authors":"Yuting Mou , Anthony Papavasiliou , Katharina Hartz , Alexander Dusolt , Christian Redl","doi":"10.1016/j.enpol.2023.113843","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113843","url":null,"abstract":"<div><p>Various market design options have been implemented or proposed in order to address the missing money problem and facilitate the energy transition. In order to analyze the performance of energy-only markets, and energy markets supplemented by shortage pricing and/or capacity remuneration mechanisms, we develop a capacity expansion model for the European system. A number of market design scenarios are simulated until the year 2050. We consider a range of sensitivity analyses so as to understand the effect of various market design options on the performance of energy markets and their variants, as well as the effects of cross-border coordination. The findings of this paper indicate that capacity remuneration mechanisms are sensitive to numerous non-obvious design parameters and can sometimes lead to over-dimensioning, even if the effect on total cost can be less pronounced, whereas shortage pricing appears as a no-regret measure because price adders recede when there is abundant flexibility in the system.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113843"},"PeriodicalIF":9.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202433","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}
Energy PolicyPub Date : 2023-10-03DOI: 10.1016/j.enpol.2023.113838
Yung-Shuen Shen , Guan-Ting Huang , Chien-Li Chang-Chien , Lance Hongwei Huang , Chien-Hung Kuo , Allen H. Hu
{"title":"The impact of passenger electric vehicles on carbon reduction and environmental impact under the 2050 net zero policy in Taiwan","authors":"Yung-Shuen Shen , Guan-Ting Huang , Chien-Li Chang-Chien , Lance Hongwei Huang , Chien-Hung Kuo , Allen H. Hu","doi":"10.1016/j.enpol.2023.113838","DOIUrl":"https://doi.org/10.1016/j.enpol.2023.113838","url":null,"abstract":"<div><p><span><span>In response to the 2050 net-zero emission goal, Taiwan initiated the “Pathway to Net-Zero Emissions” in 2022, including a focus on electric vehicles (EVs). However, the emission reduction effect of electric vehicles has not been fully studied in Taiwan. Therefore, this study aims to conduct life cycle assessment<span> (LCA) on environmental performance by replacing petrol vehicles with electric vehicles on the basis of the well-to-wheel method. This study also establishes a feedback mechanism through system dynamics to correlate the DALY results of LCA with population and energy demand. Results of the impact of DALY on lifespan and population is relatively small, indicating that the reduction in </span></span>environmental impact<span> from electric vehicles helps mitigate the decline in population. The emission-reducing potential and environmental impact of electric vehicles by 2050 are also estimated. Results demonstrate that within a 95% confidence interval and considering uncertainties arising from total driving distance, fuel economy, and energy intensity of electric vehicles, the greenhouse gas emissions of electric vehicles in 2050 will be between 7.826 × 10</span></span><sup>5</sup> and 1.069 × 10<sup>6</sup> tCO<sub>2</sub>e, respectively. In addition, the emission-reducing potential of electric vehicles is in the range of 1.076 × 10<sup>6</sup> to 1.804 × 10<sup>6</sup> tCO<sub>2</sub>e.</p></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"183 ","pages":"Article 113838"},"PeriodicalIF":9.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50202739","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}