Utilities Policy最新文献_第9页

Energy citizenship in northern Ghana: drivers of community engagement in the sustainable energy transitions 加纳北部的能源公民：社区参与可持续能源转型的驱动因素

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-10-03 DOI: 10.1016/j.jup.2025.102067

Albert Kotawoke Awopone , Abdul-Latif Ayariga Amidu , Sarpong Hammond Antwi , Patrick Nyaaba Ayambire , Isaac Prempeh

引用次数: 0

Evolution of smart grid cybersecurity: toward a systematic framework for collaborative and sustainable development 智能电网网络安全的演变：迈向协作和可持续发展的系统框架

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-10-13 DOI: 10.1016/j.jup.2025.102081

Luanjuan Jiang , Xin Chen , Qianmu Li

{"title":"Evolution of smart grid cybersecurity: toward a systematic framework for collaborative and sustainable development","authors":"Luanjuan Jiang , Xin Chen , Qianmu Li","doi":"10.1016/j.jup.2025.102081","DOIUrl":"10.1016/j.jup.2025.102081","url":null,"abstract":"<div><div>This paper aims to navigate the evolution of Smart Grid Cybersecurity (SGCS) by conducting a comprehensive review of evolving challenges and proposing a collaborative framework for long-term security. A systematic analysis is conducted to reveal the research paradigm and evolution path of SGCS on a global scale. Advanced data analysis techniques are applied to produce research outputs, including key themes, graphical clusters, and science mapping of evolutionary trajectories in SGCS. Intrusion detection, critical infrastructure protection, and information and communications technology are identified as the three pivotal themes shaping the development and research frontiers of SGCS. To effectively address the challenges facing SG systems, particularly the secure integration of heterogeneous technologies, and to ensure long-term security, a collaborative framework is established. This framework involves key stakeholders in cybersecurity policies, business strategies, innovative technologies, and public participation. Further development trends and research ideas regarding each factor are discussed. Partnership among the stakeholders is emphasized to ensure the industry's future sustainability and long-term security. This study offers significant value to academics and practitioners by offering a comprehensive review of SGCS development, insights to guide future research, and a collaborative approach that can inform decision-making and promote enduring security strategies.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"97 ","pages":"Article 102081"},"PeriodicalIF":4.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145324385","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 role of institutions and public policies in catalyzing solar power growth in India 制度和公共政策在促进印度太阳能发展中的作用

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-09-08 DOI: 10.1016/j.jup.2025.102034

Mousami Prasad , Gaurav Singh Rana , Rajeev Jindal

{"title":"The role of institutions and public policies in catalyzing solar power growth in India","authors":"Mousami Prasad , Gaurav Singh Rana , Rajeev Jindal","doi":"10.1016/j.jup.2025.102034","DOIUrl":"10.1016/j.jup.2025.102034","url":null,"abstract":"<div><div>Solar started as an additional energy source in India's energy mix but has transitioned into a strategic energy source and a key element of India's energy and climate commitments. Solar capacity has reached half of India's coal capacity and generates about 8% of electricity. While prior studies discuss opportunities, challenges, and policies, systematic evaluations remain scarce. This study adopts an institutional approach to analyze India's solar sector growth using latest numbers available in the reviewed literature, discuss future challenges, and the impacts on emissions and jobs. Using mixed-method research, including discourse analysis, we find purpose-built entities have been at the centre of solar growth in a coordinated effort from other layered organizations to target specific solar applications. Much of the growth came from lateral consensus-building and coordination on solar policies across the central government agencies. Institutions and policies supported mainstreaming solar by increasing installation, generation, and use of solar as an energy source. The focus on domestically produced solar panels and other equipment is now gaining traction. We find that from 2010 to 2024, solarization has saved 409–488 Mt CO<sub>2</sub> emissions and created over 21,000 full-time and 210–262 thousand temporary jobs. We identify four challenges that could adversely affect the speed and scale of future solar growth, namely land availability, investment needs, structural issues, and target setting, called the ‘<em>LIST challenges in the solar sector’</em>. The growth in solar now requires consensus-building and coordination amongst national entities and subnational entities and policies to catalyze the strategic integration of solar.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"97 ","pages":"Article 102034"},"PeriodicalIF":4.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145011107","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

Privatization pathways in Brazilian water utilities: The role of financial standing 巴西水务公司的私有化道路：财务地位的作用

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-09-24 DOI: 10.1016/j.jup.2025.102052

Carlos Motta Nunes , Rui Cunha Marques

{"title":"Privatization pathways in Brazilian water utilities: The role of financial standing","authors":"Carlos Motta Nunes , Rui Cunha Marques","doi":"10.1016/j.jup.2025.102052","DOIUrl":"10.1016/j.jup.2025.102052","url":null,"abstract":"<div><div>Since the 2020 reform of Brazil’s water supply and sanitation (WSS) sector, private provision of these services has expanded sharply. Major cities such as São Paulo and Rio de Janeiro are now served by private operators, primarily following the privatization of their state-owned companies, either by share sale or through concession contracts. Brazil is thus one of the most prominent markets for private WSS provision in the world. The objective of this study is to investigate the main factors associated with WSS privatization in Brazil, focusing on utility-level variables. While previous research has emphasized municipal-level factors such as fiscal health, economic efficiency, and party ideology, utility-level effects remain understudied. Drawing from the literature on privatization motivations, we hypothesize that municipalities served by utilities with greater investment needs, lower efficiency, and poorer service quality are more likely to privatize. Using a dataset covering 5397 municipalities from 2012 to 2023, we apply discrete-time duration analysis to account for time-varying factors. We find little evidence supporting our hypotheses. Instead, utility-level financial indicators emerge as the most relevant, suggesting privatization is more likely when its financial standing is strong. Our findings also confirm the importance of municipal-level factors. Using Kingdon’s Multiple Streams Framework, we argue that privatization in Brazil is more likely when there is a convergence of political, technical, and financial conditions, alongside private sector interest.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"97 ","pages":"Article 102052"},"PeriodicalIF":4.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158818","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

Evaluating the value of lost load to South Korea's residential electricity consumers by stated and revealed preference methods 通过声明和显示的偏好方法评估韩国住宅电力消费者损失负荷的价值

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-10-07 DOI: 10.1016/j.jup.2025.102072

Taeyoung Jin

{"title":"Evaluating the value of lost load to South Korea's residential electricity consumers by stated and revealed preference methods","authors":"Taeyoung Jin","doi":"10.1016/j.jup.2025.102072","DOIUrl":"10.1016/j.jup.2025.102072","url":null,"abstract":"<div><div>This study estimates the value of lost load (VoLL) for the residential sector in South Korea, where an isolated electricity system and the rapid growth of renewable energy sources increase the risk of blackouts. We provide benchmark outage cost estimates using two complementary approaches based on stated preferences (the contingent valuation method, CVM) and revealed preferences (the leisure cost method, LCM). The CVM VoLL is 3,564 KRW/kWh (2.76 USD/kWh), reflecting households' willingness to pay to prevent a 1-h outage. In contrast, the LCM VoLL is 7,473 KRW/kWh (5.78 USD/kWh), representing the opportunity cost of lost leisure. A robustness check applying a two-step classification of protest responses yields 4,857 KRW/kWh (3.76 USD/kWh), narrowing the gap with international benchmarks. The relatively low CVM VoLL reflects the public-good perception of electricity in South Korea, where Korea Electric Power Corporation, a public utility, supplies power under regulated tariffs. By contrast, the higher LCM VoLL highlights the implicit economic value of reliability. Distinguishing protest zeros in stated-preference surveys is therefore critical for accurate estimation. Taken together, these results demonstrate the importance of integrating robust VoLL estimates into electricity market reforms. In the short term, they provide empirical support for addressing the public utility's financial deficit caused by regulated tariffs. In the long term, they can guide the development of capacity and ancillary service markets, and help address the “missing money” problem associated with energy transitions. Beyond Korea, the findings offer insights for other countries with isolated grids or strong public-sector governance, contributing to more reliable and equitable electricity market design.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"97 ","pages":"Article 102072"},"PeriodicalIF":4.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267734","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

Impact of ESG performance on the cost of capital in the energy, utilities, and basic materials sectors ESG绩效对能源、公用事业和基础材料行业资本成本的影响

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-09-28 DOI: 10.1016/j.jup.2025.102016

Sindre Wilberg , Vibeke Kjellevoll , Franziska Holz , Anne Neumann

{"title":"Impact of ESG performance on the cost of capital in the energy, utilities, and basic materials sectors","authors":"Sindre Wilberg , Vibeke Kjellevoll , Franziska Holz , Anne Neumann","doi":"10.1016/j.jup.2025.102016","DOIUrl":"10.1016/j.jup.2025.102016","url":null,"abstract":"<div><div>This paper explores the presence of an environmental, social, and governance (ESG) premium for firms operating in the energy, utilities, and basic materials sectors. Specifically, we examine the influence of ESG performance on firms’ cost of capital in both debt and equity markets. We apply a measure of the ex ante implied cost of equity and the cost of debt to a global sample of over 24,000 firm-year observations spanning the period from 2010 to 2021. We also investigate the financial impact of each component of the aggregated ESG score. We employ a pooled ordinary least squares with robust standard errors, controlling for firm-specific and macroeconomic factors.</div><div>Contrary to the prevailing view in recent literature, our results indicate no evidence supporting an ESG premium for energy, utilities, and basic materials firms. However, we find an inverse relationship between environmental performance and the cost of capital. This finding supports the existence of a “green premium,” which can be attributed to green investor preferences and sustainable operations, reducing regulatory and other environmental risks. In contrast, the social score is positively related to the cost of debt, suggesting that lenders view investments in social efforts as risk-enhancing or a waste of resources. We argue that the aggregated ESG score is too broad, but its components adequately capture investors’ risk-return preferences. Firms can benefit from reduced financing costs by improving their environmental efforts, although social investments may result in higher borrowing costs.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"97 ","pages":"Article 102016"},"PeriodicalIF":4.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145221430","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

Financial statement comparability and earnings management under alternative standards: A study of Brazilian electrification cooperatives 替代标准下的财务报表可比性和盈余管理：巴西电气化合作社研究

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-09-23 DOI: 10.1016/j.jup.2025.102058

Paulo Vitor Souza de Souza , Allison Manoel de Sousa

引用次数: 0

Proximity of U.S. community water systems: implications for regional collaboration 美国社区供水系统的邻近性：对区域合作的影响

IF 4.4 3区经济学

Utilities Policy Pub Date : 2025-12-01 Epub Date: 2025-10-11 DOI: 10.1016/j.jup.2025.102079

Robert B. Sowby, R. Bennett Price

引用次数: 0

Path dependence meets export-driven decarbonization: A historical institutional analysis of Taiwan's renewable energy policies 路径依赖与出口驱动的脱碳：台湾再生能源政策的历史制度分析