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Preserving competition and economic welfare in Israel's PV market 维护以色列光伏市场的竞争和经济福利
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-10-08 DOI: 10.1016/j.jup.2024.101842
Miriam Tourgeman, Chen Cohen, Ofir Rubin
{"title":"Preserving competition and economic welfare in Israel's PV market","authors":"Miriam Tourgeman,&nbsp;Chen Cohen,&nbsp;Ofir Rubin","doi":"10.1016/j.jup.2024.101842","DOIUrl":"10.1016/j.jup.2024.101842","url":null,"abstract":"<div><div>Despite global efforts, many countries struggle to meet renewable energy targets. In 2022, Israel's renewable energy accounted for only 10% of its electricity generation despite its abundant solar resources. This study analyzes the outcomes of three tenders for photovoltaic (PV) facilities aimed at advancing national renewable energy goals. The results reveal lower production costs but increased market concentration, with a 50% reduction in the number of winning firms, consolidating around major players. While efficiency has improved, the exit of smaller, less competitive firms raises concerns about long-term dominance. Cournot oligopoly simulations predict rising concentration and market power.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101842"},"PeriodicalIF":3.8,"publicationDate":"2024-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142420372","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
Organizational models for the decommissioning of nuclear power plants: Lessons from the United Kingdom and the United States 核电站退役的组织模式：英国和美国的经验教训
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-10-07 DOI: 10.1016/j.jup.2024.101843
Alexander Wimmers , Christian von Hirschhausen
{"title":"Organizational models for the decommissioning of nuclear power plants: Lessons from the United Kingdom and the United States","authors":"Alexander Wimmers ,&nbsp;Christian von Hirschhausen","doi":"10.1016/j.jup.2024.101843","DOIUrl":"10.1016/j.jup.2024.101843","url":null,"abstract":"<div><div>With nuclear reactor fleets continuously aging, the decommissioning of closed reactors is gaining increasing attention. In nuclear decommissioning, technical, organizational, and regulatory challenges lead to long project durations and cost escalations. This paper attempts to examine the organizational efficiencies in nuclear decommissioning by applying the framework of the \"system good\" analysis and assessments based on new institutional economics. It compares the former parent-body-organization model practiced in the United Kingdom with current approaches observed in the United States, highlighting potential gains and policy recommendations for private sector involvement in nuclear decommissioning. Inefficiencies experienced in the United Kingdom include regulatory issues, private actors' opportunism, and information asymmetries. Comparatively, the models observed in the United States show fewer such issues, but regulators should address potential profit-driven shortcuts and funding adequacy.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101843"},"PeriodicalIF":3.8,"publicationDate":"2024-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142420371","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
Oil prices and the renewable energy transition: Empirical evidence from China 石油价格与可再生能源转型：中国的经验证据
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-28 DOI: 10.1016/j.jup.2024.101840
Shahriyar Mukhtarov
{"title":"Oil prices and the renewable energy transition: Empirical evidence from China","authors":"Shahriyar Mukhtarov","doi":"10.1016/j.jup.2024.101840","DOIUrl":"10.1016/j.jup.2024.101840","url":null,"abstract":"<div><div>This paper explores the effect of oil price, gross domestic product (GDP), and carbon dioxide (CO2) emissions on renewable energy consumption in China from 1990 to 2020, utilizing the canonical cointegrating regression (CCR) method. The findings indicate that the oil price, GDP and CO2 emissions positively and significantly affect renewable energy consumption over the examined time frame. Numerically, a 1% increase in oil prices, GDP, and CO2 emissions results in a 0.16%, 0.39%, and 1.70% increase in renewable energy consumption, respectively. The positive effect of oil prices on renewable energy consumption can be seen as the cost advantage of renewable energy, which may grow with rising oil prices, leading to a rise in its adoption. The study underscores the significance of promoting renewable energy usage, emphasizing the need for policies that aid energy security and environmental sustainability.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101840"},"PeriodicalIF":3.8,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142359511","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
Effect of electricity policy uncertainty and carbon emission prices on electricity demand in China based on mixed-frequency data models 基于混合频率数据模型的电力政策不确定性和碳排放价格对中国电力需求的影响
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-27 DOI: 10.1016/j.jup.2024.101825
Wanbo Lu , Qibo Liu , Jie Wang
{"title":"Effect of electricity policy uncertainty and carbon emission prices on electricity demand in China based on mixed-frequency data models","authors":"Wanbo Lu ,&nbsp;Qibo Liu ,&nbsp;Jie Wang","doi":"10.1016/j.jup.2024.101825","DOIUrl":"10.1016/j.jup.2024.101825","url":null,"abstract":"<div><div>This paper first constructs the electricity policy uncertainty (EPU) in China with textual methods and analyses the effect of the EPU and carbon emission prices (CEPs) on the total electricity demand. This paper also forecasts the demand for electricity in China with three mixed-frequency data models. The results show that the EPU index efficiently captures the uncertainty of China's electricity policy. The effects of EPU and CEPs on electricity demand are significant, and incorporating them into the forecasting model will improve the accuracy and timeliness. Moreover, compared with the ARMA model and LSTM neural networks, mixed-frequency data models perform better in electricity demand forecasting.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101825"},"PeriodicalIF":3.8,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142328026","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
The impact of pollution information disclosure on household electricity consumption: Evidence from China 污染信息披露对家庭用电量的影响：来自中国的证据
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-27 DOI: 10.1016/j.jup.2024.101838
Lu Chen, Yingcheng Wang
{"title":"The impact of pollution information disclosure on household electricity consumption: Evidence from China","authors":"Lu Chen,&nbsp;Yingcheng Wang","doi":"10.1016/j.jup.2024.101838","DOIUrl":"10.1016/j.jup.2024.101838","url":null,"abstract":"<div><div>Using the China Family Panel Studies (CFPS) and other county- and city-level datasets, we examined the effect of pollution information disclosure (PID) on household electricity use in China. The results show that PID led to a significant increase in the sensitivity of household electricity consumption to changes in air quality, particularly in higher-income and more educated households and in more polluted cities. This finding may be attributed to enhanced public awareness of pollution risk and subsequent behavioral responses. We highlight the need for holistic policies based on the interplay between environmental awareness, behavioral change, and energy consumption.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101838"},"PeriodicalIF":3.8,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142328027","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
Developing a global sustainable electricity use index using the pressure-state-response framework 利用压力-状态-响应框架制定全球可持续用电指数
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-25 DOI: 10.1016/j.jup.2024.101826
Shine Raju Kappil , Ranjan Aneja , Amandeep Verma
{"title":"Developing a global sustainable electricity use index using the pressure-state-response framework","authors":"Shine Raju Kappil ,&nbsp;Ranjan Aneja ,&nbsp;Amandeep Verma","doi":"10.1016/j.jup.2024.101826","DOIUrl":"10.1016/j.jup.2024.101826","url":null,"abstract":"<div><div>This study analyse and compare the sustainable electricity usage in 60 countries listed on the official websites of World Energy Consumption Statistics and Climate Bond Initiative. The study also analyses the impact of increased usage of sustainable electricity on the economies' dependence on non-renewable energy sources in the evaluation system. We used a standard index system based on the Pressure-State Response (PSR) model to measure global sustainable electricity usage. Model results convey that Norway is the best performer in sustainable electricity usage, while several European countries display commendable scores, confirming their commitment to sustainable electricity practices. On the other hand, despite being the leading economies in terms of GDP, major economies such as the United States, China, Japan, and India have underperformed compared to others in the evaluation system. The study employs regression techniques to explain the relationship between sustainable electricity usage and non-renewable energy dependence. Results confirm a negative relationship between the variables, indicating the role of sustainable energy practices in reducing fossil fuel consumption. It emphasizes the urgency of a balanced approach to economic growth and natural resource usage to support a green future.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101826"},"PeriodicalIF":3.8,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142319709","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
Measuring wholesale electricity price risk from climate change: Evidence from Portugal 衡量气候变化带来的批发电价风险：葡萄牙的证据
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-21 DOI: 10.1016/j.jup.2024.101837
Negin Entezari , José Alberto Fuinhas
{"title":"Measuring wholesale electricity price risk from climate change: Evidence from Portugal","authors":"Negin Entezari ,&nbsp;José Alberto Fuinhas","doi":"10.1016/j.jup.2024.101837","DOIUrl":"10.1016/j.jup.2024.101837","url":null,"abstract":"<div><p>The increasing widespread utilization of renewable energy sources, especially those reliant on the weather, coupled with the effects of climate change, is making electricity markets more sensitive to weather conditions. Portugal relies heavily on hydropower for its domestic energy generation. With its robust VAR approach, this study aims to comprehend how water resource variations due to precipitation patterns or reservoir levels influence price dynamics in the wholesale electricity market. By investigating whether these price increases are associated with temperature variations and considering the impact of temperature on both electricity demand and the availability of water resources for power generation, we provide crucial insights into the vulnerability of the electricity system to hydrological uncertainties. These findings can help stakeholders, including policymakers and industry professionals, develop effective strategies to manage price fluctuations. Understanding these relationships is critical to informed decision-making regarding resource allocation, energy market regulations, and infrastructure planning to mitigate the impact of climate-induced changes on electricity prices.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101837"},"PeriodicalIF":3.8,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001309/pdfft?md5=66b75cca7ddf4b8da17d22dc50094a84&pid=1-s2.0-S0957178724001309-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142270680","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
Can financial literacy Ease energy poverty? Some Lessons at the household level in China 金融知识能否缓解能源贫困？中国家庭层面的一些经验
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-19 DOI: 10.1016/j.jup.2024.101835
Miaomiao Tao , Boqiang Lin , Stephen Poletti , Addison Pan
{"title":"Can financial literacy Ease energy poverty? Some Lessons at the household level in China","authors":"Miaomiao Tao ,&nbsp;Boqiang Lin ,&nbsp;Stephen Poletti ,&nbsp;Addison Pan","doi":"10.1016/j.jup.2024.101835","DOIUrl":"10.1016/j.jup.2024.101835","url":null,"abstract":"<div><p>Energy poverty and financial literacy are two cross-cutting vital dimensions in sustainable global development. This study examines whether and how financial literacy reduces energy poverty at the household level in China. A two-way fixed regression model demonstrates the catalytic role of financial literacy in eradicating energy poverty. Furthermore, this study identifies potential mechanisms between financial literacy and energy poverty from a mediation and moderation perspective. Financial literacy indirectly and robustly mitigates energy poverty by heightening households' future expectations. However, higher financial risk weakens this facilitating effect on households’ future expectations, as increased financial risk destabilizes household finances.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101835"},"PeriodicalIF":3.8,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001280/pdfft?md5=5da2e22556c3b288f1d92b586fc71550&pid=1-s2.0-S0957178724001280-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142270798","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
The evolution of benchmaking the carbon efficiency drinking water companies in England and Wales 英格兰和威尔士饮用水公司碳效率基准的演变
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-19 DOI: 10.1016/j.jup.2024.101836
Manuel Mocholi-Arce , Ramon Sala-Garrido , Alexandros Maziotis , Maria Molinos-Senante
{"title":"The evolution of benchmaking the carbon efficiency drinking water companies in England and Wales","authors":"Manuel Mocholi-Arce ,&nbsp;Ramon Sala-Garrido ,&nbsp;Alexandros Maziotis ,&nbsp;Maria Molinos-Senante","doi":"10.1016/j.jup.2024.101836","DOIUrl":"10.1016/j.jup.2024.101836","url":null,"abstract":"<div><p>Water utilities face the challenge of transitioning to a low-carbon urban water cycle while reducing operational costs. This study evaluates the static and dynamic carbon efficiency of a sample of water companies from 2013 to 2018 operating in England and Wales. Each company was evaluated relative to itself and its peers using cross-efficiency Data Envelopment Analysis techniques. The results showed that the carbon performance of the water industry improved by 2.1% per year, mainly due to efficiency change. In contrast, the contribution of factors driving technical and scale change was almost negligible.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101836"},"PeriodicalIF":3.8,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001292/pdfft?md5=bfbe2891db2261a36fc04e1d29b0deea&pid=1-s2.0-S0957178724001292-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142270681","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
A novel TSO settlement scheme for the Frequency Containment Reserve Cooperation in Europe’s integrated electricity market 欧洲一体化电力市场中频率约束储备合作的新型 TSO 结算方案
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2024-09-17 DOI: 10.1016/j.jup.2024.101821
Fernando J. Ribeiro , João A. Peças Lopes , Filipe J. Soares , André G. Madureira
{"title":"A novel TSO settlement scheme for the Frequency Containment Reserve Cooperation in Europe’s integrated electricity market","authors":"Fernando J. Ribeiro ,&nbsp;João A. Peças Lopes ,&nbsp;Filipe J. Soares ,&nbsp;André G. Madureira","doi":"10.1016/j.jup.2024.101821","DOIUrl":"10.1016/j.jup.2024.101821","url":null,"abstract":"<div><p>Frequency Containment Reserve (FCR) Cooperation is a European effort to integrate several countries in an integrated international electricity market platform for FCR procurement. In this market, Balancing Service Providers (BSPs) are on the supply side and Transmission System Operators (TSOs) on the demand side. This paper proposes a novel settlement scheme for sharing costs among TSOs; it proposes no changes to existing market clearing rules or to the existing settlement of the BSPs’ revenues. It is shown that the current TSO settlement scheme is an inequitable mechanism that originates negative costs for some TSOs in specific conditions, which are extensively discussed. The proposed TSO settlement scheme overcomes these inequities. In the proposed scheme, TSOs begin paying the local BSPs for the cleared bids needed locally, and the remaining imports are calculated in a subsequent step. Doing so avoids using the so-called “import/export costs”, which are demonstrated to be the source of the inequities in the current scheme. It is shown that if the proposed pricing scheme had been adopted from July 2019 to December 2022, all TSOs would have been affected. Specifically, the most negatively impacted TSO would have its accumulated costs increased by 16% and the most positively impacted TSO would have its accumulated cost decreased by 32%. The inequities of the current mechanism amount to more than 50 M€ or 7.4% of the total accumulated costs. Although the proposed mechanism is tested here under the FCR Cooperation, it can be applied to other markets where the rules allow different local settlement prices.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101821"},"PeriodicalIF":3.8,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142242919","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
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