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Environmental, social, and governance (ESG) reporting and accountability in the utilities sector: Research paths and policy directions
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-12-01 DOI: 10.1016/j.jup.2024.101847
Fabio Caputo, Roberta Fasiello
{"title":"Environmental, social, and governance (ESG) reporting and accountability in the utilities sector: Research paths and policy directions","authors":"Fabio Caputo,&nbsp;Roberta Fasiello","doi":"10.1016/j.jup.2024.101847","DOIUrl":"10.1016/j.jup.2024.101847","url":null,"abstract":"<div><div>The increasing pressure on corporations from their stakeholders regarding sustainability is a pivotal driver of transparency on environmental, social, and governance (ESG) topics. New policy directions and ongoing global socio-political dynamics guide the attention. In this context, the utilities sector presents fertile soil for exploring how ESG accountability shapes corporate practices. In this editorial, we discuss ESG reporting as a topic of analysis and describe the primary trends in the literature that support its development. The studies published in this Special Issue are also presented to the reader. Finally, we describe the emerging paths for research on ESG reporting in the sector, focusing on providing policymakers insights. What we learned highlights the interest of utility companies in participating in sustainable development from the scientific and practical perspectives. Insights emerge from the multiple analyses as the authors explored utilities' contribution to sustainability-oriented change.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101847"},"PeriodicalIF":3.8,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142756614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Evidence on environmentally conscious consumers’ preferences for energy-use automation in Germany and Spain
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-26 DOI: 10.1016/j.jup.2024.101861
Stepan Vesely
{"title":"Evidence on environmentally conscious consumers’ preferences for energy-use automation in Germany and Spain","authors":"Stepan Vesely","doi":"10.1016/j.jup.2024.101861","DOIUrl":"10.1016/j.jup.2024.101861","url":null,"abstract":"<div><div>Can environmentally conscious consumers become a driving force in the uptake of energy-use automation? To help answer this question, we collect survey data from samples drawn from the general population in Germany and Spain (combined <em>N</em> = 2864). Self-reported rates of energy-use automation adoption reach 30.0% in the German sample and 41.0% in the Spanish sample. Environmental self-identity, environmental norms, and one's tendency toward environmentally friendly consumer behavior influence preferences for energy-use automation in Germany but not in Spain. We discuss the possibility that this difference could be attributed to energy-use automation becoming so normalized in Spain that psychological characteristics cease to play a significant role in adoption decisions. Certain other individual characteristics and structural conditions are associated with automation technology preferences, particularly age, gender, income, education, and dwelling type.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101861"},"PeriodicalIF":3.8,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Drivers of district heating's dominance in Sweden's urban areas: A historical perspective
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-26 DOI: 10.1016/j.jup.2024.101860
Lars Fälting , Anders Forssell , Magnus Åberg
{"title":"Drivers of district heating's dominance in Sweden's urban areas: A historical perspective","authors":"Lars Fälting ,&nbsp;Anders Forssell ,&nbsp;Magnus Åberg","doi":"10.1016/j.jup.2024.101860","DOIUrl":"10.1016/j.jup.2024.101860","url":null,"abstract":"<div><div>District heating systems are common in the Northern Hemisphere, but their extent and position in heating markets vary. In Sweden, district heating currently supplies more than half of the demand for heating in Swedish buildings, significantly more in urban areas, with most of the district heating systems built between 1970 and 1990, motivated by the possibility of combining heat production with efficient generation of power. This analysis explains why so many district heating systems were built through an analysis of historical policy documents, statistical data, and interviews. The conclusion is that interrelated drivers can explain this expansion. In particular, the energy crises of the 1970s led to concerns about oil dependency. The parallel reduction in oil use and imported fuels also improved air quality. A national referendum in 1980 also began the phase-out of nuclear power, with combined heat and power playing a pivotal role in its replacement. Favourable governmental loans and grants, combined with more coercive regulations and a general sense that building district heating systems was a “sign of the times”, encouraged even smaller and mid-sized cities to build district heating systems. Thus, the foundation was laid to support the strong current position of district heating in Sweden.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101860"},"PeriodicalIF":3.8,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747173","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Economic analysis of the impact of Turkey's renewable support mechanism on solar energy investment
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-26 DOI: 10.1016/j.jup.2024.101862
Murat Erdem , Mert Gürtürk
{"title":"Economic analysis of the impact of Turkey's renewable support mechanism on solar energy investment","authors":"Murat Erdem ,&nbsp;Mert Gürtürk","doi":"10.1016/j.jup.2024.101862","DOIUrl":"10.1016/j.jup.2024.101862","url":null,"abstract":"<div><div>This analysis considers the effects of past and present renewable support mechanisms on solar energy investment in Turkey based on economic conditions. Changes in the costs of solar energy plants due to inflation over time, the effects of the formula coefficients presented, and the advantages/disadvantages compared to the previous program are presented. Due to current high interest rates and inflationary pressures, annual earnings from solar energy investments have been calculated to range from US$ 70,946 to US$ 138,893. The investment payback period varies between 6.2 and 12 years, while the total support amount is 122.59 cents (US$/kWh). We find that the economic policies have negatively affected the predictability and sustainability of solar energy investments. The results are relevant to policymakers and investors. Optimum energy policies are needed for sustainable energy development in Turkey and developing countries like Turkey.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101862"},"PeriodicalIF":3.8,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Enlarging or narrowing? Exploring the impact of energy poverty on carbon inequality in China
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-25 DOI: 10.1016/j.jup.2024.101859
Congyu Zhao , Xuan Zhai , Zhengguang Liu , Chenchen Song
{"title":"Enlarging or narrowing? Exploring the impact of energy poverty on carbon inequality in China","authors":"Congyu Zhao ,&nbsp;Xuan Zhai ,&nbsp;Zhengguang Liu ,&nbsp;Chenchen Song","doi":"10.1016/j.jup.2024.101859","DOIUrl":"10.1016/j.jup.2024.101859","url":null,"abstract":"<div><div>This paper investigates the impact of energy poverty eradication on carbon inequality mitigation in China. First, we find that energy poverty positively correlates with carbon inequality, indicating that alleviating energy poverty narrows the inequality of carbon emissions. Second, alleviating energy poverty is especially crucial in regions facing a more deteriorated situation characterized by energy poverty and carbon inequality. Third, environmental protection expenditures are a mediator and can also directly tackle carbon inequality. Fourth, energy poverty inhibits technological innovation and leads to more traditional energy consumption, undermining the energy transition.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101859"},"PeriodicalIF":3.8,"publicationDate":"2024-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Water utility network loss reduction and service quality under price cap and rate of return regulation
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-23 DOI: 10.1016/j.jup.2024.101857
Selvin Thanacoody
{"title":"Water utility network loss reduction and service quality under price cap and rate of return regulation","authors":"Selvin Thanacoody","doi":"10.1016/j.jup.2024.101857","DOIUrl":"10.1016/j.jup.2024.101857","url":null,"abstract":"<div><div>Water utilities in Eastern Europe are regulated under different schemes and achieve different water utility network loss reductions and service quality levels. Through a theoretical model, we analyse a water utility’s response to price-cap or rate-of-return regulation when setting their levels of water loss reduction and service quality. Lower price caps induce the firm to reduce water losses when demand is inelastic, while higher rates of return lead the firm to reduce water losses only from low levels of the ROR model. Service quality increases in the price cap but shrinks in the ROR model. We show that PC regulation is a superior policy when the cost of capital is not too high, as the firm can efficiently supply at a low price and provide some level of quality.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101857"},"PeriodicalIF":3.8,"publicationDate":"2024-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Energy knowledge and public response to restarting nuclear plants in Japan following the fukushima accident
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-22 DOI: 10.1016/j.jup.2024.101858
Tomohiro Fujita
{"title":"Energy knowledge and public response to restarting nuclear plants in Japan following the fukushima accident","authors":"Tomohiro Fujita","doi":"10.1016/j.jup.2024.101858","DOIUrl":"10.1016/j.jup.2024.101858","url":null,"abstract":"<div><div>Since the Fukushima accident, Japan's nuclear policy has changed dramatically. However, restarting operations of some reactors has become an option for the government. This study focuses on the role of objective knowledge and, for the first time, develops statements for measuring people's accurate factual judgments and reflecting on energy issues in post-Fukushima Japan. Replies of two surveys conducted in the Kansai region were analyzed. From them, it was observed that having objective knowledge was positively associated with holding a favorable opinion rather than an ambiguous opinion toward restarting the plants, and association differences existed between subjective and objective knowledge.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101858"},"PeriodicalIF":3.8,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Monte Carlo simulation of community microgrid operation: Business prospects in the Brazilian regulatory framework
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-21 DOI: 10.1016/j.jup.2024.101856
Francisco C.R. Coelho , Fernando A. Assis , José Filho C. Castro , Antonio R. Donadon , Ronaldo A. Roncolatto , Vittoria E.M.S. Andrade , Pedro A.C. Rosas , Silvangela L.S.L. Barcelos , Osvaldo R. Saavedra , Rafael G. Bento , Rafael K. Carneiro , Pablo F. Hernandez , Luiz C.P. Silva
{"title":"Monte Carlo simulation of community microgrid operation: Business prospects in the Brazilian regulatory framework","authors":"Francisco C.R. Coelho ,&nbsp;Fernando A. Assis ,&nbsp;José Filho C. Castro ,&nbsp;Antonio R. Donadon ,&nbsp;Ronaldo A. Roncolatto ,&nbsp;Vittoria E.M.S. Andrade ,&nbsp;Pedro A.C. Rosas ,&nbsp;Silvangela L.S.L. Barcelos ,&nbsp;Osvaldo R. Saavedra ,&nbsp;Rafael G. Bento ,&nbsp;Rafael K. Carneiro ,&nbsp;Pablo F. Hernandez ,&nbsp;Luiz C.P. Silva","doi":"10.1016/j.jup.2024.101856","DOIUrl":"10.1016/j.jup.2024.101856","url":null,"abstract":"<div><div>Microgrids offer an innovative solution to modern energy challenges, providing enhanced reliability and resilience to distribution systems while accommodating the growing presence of distributed energy resources (DER). However, realizing the potential benefits of microgrids requires a comprehensive assessment of their complex technical and economic aspects. This paper introduces a dedicated techno-economic evaluation model for community microgrids (CMGs) while considering a consumer-centric internal market. Uncertainties arising from load variations and intermittent generation are addressed via Monte Carlo simulation (MCS). The proposed internal market model aligns with the Brazilian regulatory framework and enables currently unavailable innovations, such as a community internal market; however, the model can be adapted to the context of any system. We demonstrate the capabilities of the methodology by presenting a case study involving a real microgrid, where economic benefits are shared among all consumers. This study, derived from a research and development (R&amp;D) project, underscores its practical relevance in advancing cleaner and more sustainable energy systems.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"92 ","pages":"Article 101856"},"PeriodicalIF":3.8,"publicationDate":"2024-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142747171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Enlarged scars: The effects of economic policy uncertainty on electricity accessibility and urban-rural disparity 扩大的伤疤经济政策的不确定性对电力可及性和城乡差别的影响
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-12 DOI: 10.1016/j.jup.2024.101852
Congyu Zhao , Xuan Zhai , Miaomiao Tao , Shuai Che
{"title":"Enlarged scars: The effects of economic policy uncertainty on electricity accessibility and urban-rural disparity","authors":"Congyu Zhao ,&nbsp;Xuan Zhai ,&nbsp;Miaomiao Tao ,&nbsp;Shuai Che","doi":"10.1016/j.jup.2024.101852","DOIUrl":"10.1016/j.jup.2024.101852","url":null,"abstract":"<div><div>Using a comprehensive dataset spanning 22 countries from 2000 to 2020, this study investigates the influence of economic policy uncertainty on electricity accessibility and the urban-rural gap in accessibility, employing a fixed-effect model. Our research provides several new contributions to the existing body of knowledge. First, heightened economic policy uncertainty is linked to reduced electricity access in both urban and rural areas, and it also correlates with an increase in the disparity between these regions. Second, the relationship between economic policy uncertainty and electricity access is not uniform across different levels of accessibility. Specifically, a negative relationship is evident when accessibility is low, but this effect becomes insignificant when access levels surpass the median (50th quantile). While the positive association between economic policy uncertainty and the urban-rural gap is present, it does not intensify as the disparity widens. Third, a mechanism analysis reveals that policy uncertainty contributes to government corruption, further hindering electricity access and deepening regional inequalities. The analysis also highlights how economic policy uncertainty can exacerbate corruption, compounding access issues. Finally, green finance emerges as a mitigating factor, alleviating some of the adverse effects of policy uncertainty. These results provide a deeper understanding of the intricate dynamics at play and suggest that carefully crafted policies can help offset the negative consequences of economic policy uncertainty.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101852"},"PeriodicalIF":3.8,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Pathways to a sustainable electricity sector in Kenya: Challenges and transformational factors 肯尼亚实现可持续电力部门的途径：挑战和转型因素
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-11-11 DOI: 10.1016/j.jup.2024.101854
Maria Apergi , Laima Eicke , Andreas Goldthau , Jude Kurniawan , Esther Schuch , Silvia Weko
{"title":"Pathways to a sustainable electricity sector in Kenya: Challenges and transformational factors","authors":"Maria Apergi ,&nbsp;Laima Eicke ,&nbsp;Andreas Goldthau ,&nbsp;Jude Kurniawan ,&nbsp;Esther Schuch ,&nbsp;Silvia Weko","doi":"10.1016/j.jup.2024.101854","DOIUrl":"10.1016/j.jup.2024.101854","url":null,"abstract":"<div><div>Which factors may enable a secure, affordable, and sustainable development of the Kenyan energy system? The present study aims to understand how the country's energy system could be structured in 2050, to unravel the main challenges, and to identify critical leverage points for policy action. To this end, we designed energy scenarios for Kenya using cross-impact balance and succession analysis, drawing extensively from expert judgments. The results highlight the importance of improving the quality of the grid, further reforming the electricity market structure, encouraging more competition, and promoting decentralization as the main leverage points for ensuring a secure and sustainable energy future.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101854"},"PeriodicalIF":3.8,"publicationDate":"2024-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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