SRPN: Energy Politics (Topic)最新文献

{"title":"Valuation of Multiple Hyro Reservoir Storage Systems in Competitive Electricity Markets","authors":"B. Felix, C. Weber","doi":"10.2139/ssrn.2424674","DOIUrl":"https://doi.org/10.2139/ssrn.2424674","url":null,"abstract":"Increasing renewable generation results in growing supply uncertainty. By now hydrostorages are the most efficient way of smoothing uncertain power supply. In liberalized and competitive markets the valuation of hydro storages investment projects needs to take the market information and therefore the uncertainty of electricity prices into account in investment valuation. Besides the investment in new pump storage facilities the extension of existing storage sites may be an opportunity. However, the correct valuation of multiple reservoir storage systems within an uncertain market is a valuation problem with high dimensionality. We propose an approach that applies numerically constructed multinomial recombining price trees to reduce the problem dimension. We present results for a representative case study. In doing so, we apply a spot price model which accounts for the price fundamentals as well as for the price stochastic.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"12 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":"124047207","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":"Место обновљивих извора енергетске ефикасности у енергетској политици Европске Уније (The Place of Renewable Sources and Energy Efficiency in the Energy Policy of the European Union)","authors":"Slobodan Cvetanović, M. Jovanovic","doi":"10.2139/SSRN.2433476","DOIUrl":"https://doi.org/10.2139/SSRN.2433476","url":null,"abstract":"Serbian Abstract: Растућа употреба обновљивих извора и унапређење енергетске ефикасности представљају кључне циљеве развоја сектора енергетике земаља Европске уније. Њихова реализација је истовремено у функцији остваривања концепта одрживог развоја као нове парадигме развоја. То упућује на закључак да се сви пројекти употребе обновљивих извора и унапређења енергетске ефикасности морају сагледавати из угла испољавања економских, еколошких и друштвених ефеката. Имајући у виду ове чињенице, у раду се чини сагледавање места обновљивих извора и енергетске ефикасности у енергетској политици Европске уније. Анализа се базира првенствено на сагледавању решења која су дефинисана у директивама Европске комисије које су посвећене обновљивим изворима и унапређењу енергетске ефикасности у земама чланицама Уније.English Abstract: The increasing renewable source usage and energy efficiency enhancement represent the key aims of the energy sector's development in EU countries. The purpose of their implementation is at the same time the creation of the renewable sources concept as a new development paradigm. Thus, this points to the conclusion that all the projects of renewable source usage and energy efficiency enhancement must be viewed from the perspective of the manifestation of economic, environmental and social effects. Having these facts in mind the paper considers the place of renewable sources and energy efficiency in the energy policy of the EU. The analysis is primarily based on examination of the solutions that are defined in the directives of the European Commission that deal with renewable sources and energy efficiency.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114366783","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":"Export-led Growth Hypothesis in Nigeria: Applications of ARDL Model and Co-integration Analysis","authors":"M. Ojide","doi":"10.2139/ssrn.2269067","DOIUrl":"https://doi.org/10.2139/ssrn.2269067","url":null,"abstract":"A key policy objective of most oil-producing economies, especially among developing countries like Nigeria, is sustainable diversification of national income sources. For most oil-producing economies, this depends significantly on exploring the full potential of the non-oil sector. Autoregressive distributed lag (ARDL) model and co-integration analysis are used in this article to evaluate the growth impact of non-oil exports and sustainability of non-oil exports vis-a-vis growth in Nigeria. The regression result and the co-integration analysis show that growth evidence of non-oil exports exists in Nigeria; it is also sustainable. In other words, beyond export-led growth hypothesis, non-oil export-led growth hypothesis also holds in Nigeria.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129716849","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":"On the Sociology of Innovation: Public versus Private Investment in Alternative Energy Development for the Twenty-First Century","authors":"Roger I. Roots","doi":"10.2139/ssrn.2370950","DOIUrl":"https://doi.org/10.2139/ssrn.2370950","url":null,"abstract":"For more than a century, social scientists have predicted an end to known supplies of petroleum, coal and other nonrenewable energy commodities. Experts and policymakers have sought to hedge off this allegedly approaching calamity by promoting alternatives such as solar, hydroelectric, wind, biomass, and geothermal energy. More recently, Washington policymakers have been advocating a move to hydrogen energy, and have proposed multi-million-dollar research and development (R & D) programs to produce the technology capable of applying hydrogen energy to motor transportation. This article analyzes some of these energy proposals in light of data amassed by the late economic history scholar Julian Simon. Simon’s path-breaking research suggests that there really is no “energy crisis” at all, because energy scarcity is reflected in price, and real energy prices have been declining for more than a century (1996, 163). Humans are born problem-solvers, concluded Simon, and they can best solve their energy problems through private-sector competition in free markets. Private entrepreneurs, notes Simon, have managed to improve extraction methods so much that known stocks of coal and petroleum are much more plentiful now than ever before. Moreover, there is great danger that government planning and funding of energy R & D will stifle rather than foster energy innovation because government funding breeds rent-seeking and other non-inventive behaviors among scientists that outweigh the benefits of funding (Kealey 1996).","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"450 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115616629","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":"Economic Growth and Electricity Consumption: MS‐VAR and MS‐Granger Causality Analysis","authors":"M. Bildirici","doi":"10.1111/OPEC.12011","DOIUrl":"https://doi.org/10.1111/OPEC.12011","url":null,"abstract":"This study estimates the causality relationship between electricity consumption and economic growth by Markov Switching VAR (MS‐VAR) method for some emerging countries: Argentina, China, India, Brazil, Mexico, Turkey and South Africa. Knowledge of the direction of causality between electricity consumption and economic growth is of primary importance if appropriate energy policies and energy conservation measures are to be devised. The results from MS‐VAR models show that in first, second and third regime, electricity consumption is the Granger cause of the economic growth and economic growth is the Granger cause of the electricity consumption. In sum, we found some evidence of bidirectional Granger causality between the electricity consumption and the economic growth.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127343874","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":"An Assessment of the Impact of Energy Insecurity on State Stability in India","authors":"K. Varigonda","doi":"10.1016/J.ENPOL.2013.06.091","DOIUrl":"https://doi.org/10.1016/J.ENPOL.2013.06.091","url":null,"abstract":"","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133242399","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 Likely Impact of Basel III on a Bank's Appetite for Renewable Energy Financing","authors":"Patrick A. Narbel","doi":"10.2139/ssrn.2341519","DOIUrl":"https://doi.org/10.2139/ssrn.2341519","url":null,"abstract":"The new Basel III regulations are likely to make long-term financing more expensive, which will affect the financing of capital-intensive renewable energy technologies, because they typically rely on long-term financing. In addition, the capital and liquidity requirements of Basel III are likely to limit the amount of capital available for renewable energy financing from banks in the future. Together, these are threats to renewable energy deployment because limited financing may prevent the financing of some projects and because more expensive loans are likely to make a number of projects uninteresting financially. A potential solution is proposed here, which requires financing capital-intensive energy projects, pooling these investments into a portfolio and selling down the portfolio in tranches to various types of investors. The benefit of this solution for banks is that it will allow them to maintain the financing of capital intensive renewable energy projects, while complying more easily with Basel III.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"196 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116148487","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":"Asymmetric Incentives in Subsidies: Evidence from a Large-Scale Electricity Rebate Program","authors":"Koichiro Ito","doi":"10.1257/POL.20130397","DOIUrl":"https://doi.org/10.1257/POL.20130397","url":null,"abstract":"Many countries use substantial public funds to subsidize reductions in negative externalities. However, such subsidies create asymmetric incentives because increases in externalities remain unpriced. This paper examines implications of such asymmetric subsidy incentives by using a regression discontinuity design in California's electricity rebate program that provided a financial reward for energy conservation. Using household-level panel data from administrative records, I find precisely-estimated zero causal effects in coastal areas. In contrast, the incentive produced a 5% consumption reduction in inland areas. Income and climate conditions significantly drive the heterogeneity. Asymmetric subsidy structures weaken incentives because consumers far from the rebate target show little response. The overall program cost is 17.5 cents per kWh reduction and $390 per ton of carbon dioxide reduction, which is unlikely to be cost-effective for a reasonable range of the social marginal cost of electricity.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116635933","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":"Renewable Energy and Electricity Prices: Indirect Empirical Evidence from Hydro Power","authors":"R. Huisman, Victoria Stradnic, Sjur Westgaard","doi":"10.2139/ssrn.2340569","DOIUrl":"https://doi.org/10.2139/ssrn.2340569","url":null,"abstract":"Many countries have introduced policies to stimulate the production of electricity in a sustainable or renewable way. Theoretical and simulation studies provide evidence that the introduction of renewable energy promotion policies lead to lower electricity prices as sustainable energy supply as wind and solar have very low or even zero marginal costs. Empirical support for this result is relatively scarce. The motivation for this study is to provide additional empirical evidence on how the growth of low marginal costs renewable energy supply such as wind and solar influences power prices. We do so indirectly studying Nord Pool market prices where hydro power is the dominant supply source. We argue that the marginal costs of hydro production varies depending on reservoir levels that determine hydro production capacity. Hydro power producers have an option to produce or to delay production and the value of the option to delay increases when the reservoir levels decrease and the option to delay decreases in value when reservoir levels increase and producers face the risk of spillovers. Hence, an increase in reservoir levels mimics the situation of an increase of low marginal costs renewable energy in a market. Our results show that higher reservoir levels, more hydro capacity, lead to significant lower power prices. From this we conclude that an increase in low marginal costs renewable power supply reduces the power prices. The second contribution of this paper is that we develop a market clearing price model by modelling the supply curve of power that varies over time depending on fundamentals such as hydro capacity and the prices of alternative power sources and that deals with maximum prices which apply to all power markets that we know. With our result, we strengthen support for the view that an increase in wind and solar supply lowers the power price. This is good news for consumers, but it increases the costs of sustainable energy policies such as feed-in tariffs and at the same time lowers revenues and profits for power producers in case governments would abandon such policies. This effect makes the economic and policy support for renewable energy less sustainable. Policy makers have to account for this if they want to stimulate a sustainable growth of sustainable energy supply.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121336045","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":"Energy Subsidies and Energy Consumption — A Cross-Country Analysis","authors":"J. Charap, Arthur Ribeiro da Silva, P. Rodriguez","doi":"10.5089/9781484367247.001","DOIUrl":"https://doi.org/10.5089/9781484367247.001","url":null,"abstract":"The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we analyze a panel of cross-country data to explore the responsiveness of energy consumption to changes in energy prices and the implications of our findings for the debate on energy subsidy reform. Our findings indicate a long-term price elasticity of energy demand between -0.3 and -0.5, which suggests that countries can reap significant long-term benefits from the reform of energy subsidies. Our findings also indicate that short-term gains from subsidy reform are likely to be much smaller, which suggests the need for either a gradual approach to subsidy reform or for more generous safety nets in the short term.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130394071","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}