{"title":"Made in Mexico: Energy Reform and Manufacturing Growth","authors":"Jorge Alvarez, Fabián Valencia","doi":"10.5089/9781498376426.001.A001","DOIUrl":"https://doi.org/10.5089/9781498376426.001.A001","url":null,"abstract":"This paper assesses the real effects of the energy reform in Mexico by looking at its impact on manufacturing output through changes in energy prices. Using sub-sector and state-level manufacturing output data, along with past variation in energy prices, we find electricity prices - relative to oil and gas - to be more important in the manufacturing process, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could increase manufacturing output by up to 3.6 percent, and overall real GDP by 0.6 percent. Larger reductions are possible over the long run if increased efficiency in the sector leads electricity prices to converge to U.S. levels. Moreover, including the impact of lower electricity tariffs on the services sector, could lead to significantly larger effects on GDP. Accounting for endogeneity of unit labor costs in a panel VAR setting leads to an additional indirect channel which amplifies the impact of electricity prices on output.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125893871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Time Regularities in the Russian Power Market","authors":"I. Pipkin","doi":"10.21314/JEM.2014.109","DOIUrl":"https://doi.org/10.21314/JEM.2014.109","url":null,"abstract":"We describe time regularities in the Russian power market and day-of-the-week and intraday price patterns in European and Siberian zones. The magnitudes of the price difference and time lag between the zones suggest extending the interconnector between the zones. The persistence and magnitude of time regularities in the price of power in the European zone imply that technologies that allow for flexibility on either the supply side or the demand side can be profitable.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130310886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Electricity Retailers’ Behavior in a Highly Competitive Nordic Electricity Market","authors":"I. Ilieva, S. Gabriel","doi":"10.21314/JEM.2014.107","DOIUrl":"https://doi.org/10.21314/JEM.2014.107","url":null,"abstract":"The integration of the national electricity retail markets in the Nordic region is expected to intensify competition among retailers. At the same time, technological developments will make possible the creation of a smart electricity grid that includes smart meters, two-way communication and real-time pricing. With the help of smart-meter technologies, retailers will be able to significantly increase the range of their service offers, allowing customers to choose from a variety of retail products. We describe the present status of the Nordic retail market for electricity and discuss the likely impact of a pending regulatory change to the common Nordic end-user market based on the functionalities offered by smart metering. In particular, we investigate the effects on competing retailers’ profit, price markup and service investment by formulating a nonlinear program and solving it for numerical values that have been calibrated to be close to reality. The results from model simulations for a two-retailer case indicate that price and service decisions made by one retailer have a strong impact on the market strategy of the other. The range of this impact depends on the overall level of price markup values.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126990285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rebound Effect of Energy Intensity Reduction on Energy Consumption","authors":"T. Wei, Jinjin Zhou, Hongxia Zhang","doi":"10.2139/ssrn.2465550","DOIUrl":"https://doi.org/10.2139/ssrn.2465550","url":null,"abstract":"Abstract Energy is one of essential productive resources in economic activities and its efficiency improvement is taken one of the key measures for energy conservation to promote economic growth as well as reduce air pollution. Several large energy consumption regions such as China, India, and Europe have set targets on lowering energy intensity - physical energy use per unit economic output - widely accepted as an indicator of energy efficiency. One percent reduction in energy intensity is expected to conserve one percent physical energy use from an engineer’s perspective. However, the reduction in energy intensity would probably stimulate economic growth and result in more “unexpected” energy use, namely rebound effect on energy use. To convey the rebound effect consequences to policy makers, business managers, engineers, researchers and other stakeholders who take energy intensity an indicator of energy efficiency and a measure for energy conservation, the present article offers a method starting from a general form of production function to identify properties of and analyze key drivers behind the rebound effect. Different from the strict definition of rebound effect in energy economics, where energy efficiency is narrowly defined as energy-augmented or energy-specific technological change, measurable partial rebound effect of energy intensity reduction would be the most preferred output for a policy maker who pursues targets of both economic growth and energy conservation. We have also presented empirical results for 40 regions for illustration.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125837631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Enhancing Flexibility and Ensuring Efficiency and Security: Improving the Electricity Market in Brazil via a Virtual Reservoir Model","authors":"Felipe A. Calabria, J. Saraiva, J. Glachant","doi":"10.2139/ssrn.2490377","DOIUrl":"https://doi.org/10.2139/ssrn.2490377","url":null,"abstract":"• Nevertheless, the conciliation between commercial commitments and the physical dispatch is not smooth. There is a lack of “trading opportunities” to encourage participants to comply with their contracts. Moreover, the Brazilian short-term market acts as a mechanism to settle differences rather than a true market and, neither the short-term price nor the dispatch schedule is determined by the market.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"156 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120934155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Coal Production Subsidies Elimination in Ukraine: A CGE Analysis","authors":"M. Chepeliev","doi":"10.2139/ssrn.2609315","DOIUrl":"https://doi.org/10.2139/ssrn.2609315","url":null,"abstract":"Despite intensive development and implementation of government programs and sector-specific energy policies together with consideration of subsidies elimination as a strategic coal industry priority, governmental grants volumes for this economic activity are growing from year to year. While in 2003 Government cost covering support for coal industry equaled to 0,9 bn UAH, in 2013 Ukrainian Government transferred over 13,3 bn UAH, which is a crippling burden for National Budget. And although coal subsidies elimination process can be considered as a highly complicated and painful, due to resulting social issues, current economic situation even more escalates its necessity. In this paper a computable general equilibrium (CGE) model is applied to study the consequences and economic effects of coal subsidies elimination in Ukraine.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130148837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Shuai Gao, W. Cai, Wenling Liu, C. Wang, Zhongxiang Zhang
{"title":"Corporate Preferences for Domestic Policy Instruments Under a Sectoral Market Mechanism: A Case Study of Shanxi Province in China","authors":"Shuai Gao, W. Cai, Wenling Liu, C. Wang, Zhongxiang Zhang","doi":"10.2139/ssrn.2515837","DOIUrl":"https://doi.org/10.2139/ssrn.2515837","url":null,"abstract":"Understanding companies’ preferences for various domestic policy instruments is crucial to designing and planning Sectoral Market Mechanism (SMM) in China. Based on a detailed overview of domestic policy instruments under SMM, this paper evaluates corporate preferences for diverse domestic policy instruments and identifies potential influencing factors through econometric analysis. The data were collected from 113 respondents in all 11 prefecture-level cities of Shanxi province, China. Regarding policy instruments under the system of government receiving tradable units, corporate energy saving potential, learning capacity and companies’ characteristics have shown significant influences on companies’ preferences. Dissemination and the popularization of knowledge are also important to help companies learn how to improve energy efficiency. In terms of policy measures with voluntary installation-level targets, corporate competition level, organizational size and ownership are the main factors influencing companies’ preferences. Reducing inequality in the distribution of responsibility is especially important to gain companies’ support. Under the policy with mandatory installation-level targets, it suggests that policymakers should focus on status of energy use management and internationalization orientation. Policy instruments familiar to companies that are able to relieve corporate financial pressures might be good options to gain higher acceptance. Moreover, our results show that it is very important to choose an issuance frequency of one to three years under sectoral crediting.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128976901","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Desiderio Romero-Jordán, P. D. del Río, Cristina Peñasco
{"title":"Household Electricity Demand in Spanish Regions. Public Policy Implications","authors":"Desiderio Romero-Jordán, P. D. del Río, Cristina Peñasco","doi":"10.2139/ssrn.2471056","DOIUrl":"https://doi.org/10.2139/ssrn.2471056","url":null,"abstract":"This paper analyses the determinants of household electricity demand with a panel data, partial adjustment model of Spanish regions in the 1998-2009 period. The results show that electricity demand responds positively and significantly to electricity demand in the previous year, income, temperature range, penetration of electric water heating in households and the number of heating and cooling degree days. It is significantly and negatively related to electricity prices, gas prices, penetration of electric heating in households and whether households have at least one member being 64 years or older. Price elasticities in the preferred model are -0.26 (short-term) and -0.37 (long-term). Income elasticities are 0.31 (short-term) and 0.43 (long-term). Several implications for electricity-efficiency policies are derived from the results of the analysis.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132785005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Environmental Strengths and Concerns on the Accounting Performance of Firms in the Energy Sector","authors":"Özgür Arslan-Ayaydin, J. Thewissen","doi":"10.1007/978-3-319-13746-9_5","DOIUrl":"https://doi.org/10.1007/978-3-319-13746-9_5","url":null,"abstract":"","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133186947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exploring a Regional Approach to EU Energy Policies","authors":"J. de Jong, C. Egenhofer","doi":"10.4337/eecj.2014.02.06","DOIUrl":"https://doi.org/10.4337/eecj.2014.02.06","url":null,"abstract":"Regional approaches to EU energy policies have been termed the ‘Schengenisation’ of energy, making reference to the Schengen Convention eliminating intra-European border controls. They aim to hone the effectiveness of EU energy policy objectives through enhanced policy coordination at the regional scale. Typically, this includes energy market integration while accounting for member states’ continued deployment of national-level policy instruments regarding the appropriate energy mix and the security of energy supply, which is foreseen in the EU Treaty. \u0000 \u0000This report explores the potential for such regional approaches. It assesses lessons from existing initiatives, regional energy arrangements such as the Danube Energy Forum, the Mediterranean Energy Forum, the Pentalateral Energy Forum, the North Seas Countries’ Offshore Grid Initiative and the Nordic Co-operation partnership, to determine whether regional energy initiatives are an efficient, effective and politically acceptable approach toward reaching three EU energy policy objectives: competitiveness, supply security and sustainability. Regional approaches could possibly play an important role for governing EU renewables policy, which the European Commission has identified in the 2030 climate and energy framework as an important element for governance.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124647275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}