{"title":"Improving asset management in capital-intensive industries: Case study of a Portuguese water utility","authors":"Mariana Casalta , Flávia Barbosa , Luciana Yamada , Lígia B. Ramos","doi":"10.1016/j.jup.2024.101822","DOIUrl":"10.1016/j.jup.2024.101822","url":null,"abstract":"<div><p>The efficient management of assets delivers value and is essential for achieving service objectives, managing risks, and reducing costs. This paper proposes decision-support methods to help capital-intensive industries manage their assets and optimise their life cycle. Optimisation approaches were developed to support long-term investment planning by maximising the value created and minimising the budget used. Also, the trade-off for both objectives was analysed. Using the proposed models will lead to efficient management of available capital and excellent service delivery. Thus, water companies will fulfil the regulator’s requirements and present well-founded decision-making. This study was applied to a Portuguese water utility.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101822"},"PeriodicalIF":3.8,"publicationDate":"2024-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001152/pdfft?md5=2dcedb2f051f10461a17d4b52c44afea&pid=1-s2.0-S0957178724001152-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142167650","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}
{"title":"The impact of extended decision times in planning and regulatory processes for energy infrastructure","authors":"Genaro Longoria , Muireann Lynch , Niall Farrell , John Curtis","doi":"10.1016/j.jup.2024.101824","DOIUrl":"10.1016/j.jup.2024.101824","url":null,"abstract":"<div><p>Effective planning and regulatory processes ensure orderly energy systems. Often, decisions are not made within mandated timeframes and discrete approval processes are infrequent. A given delay may be compounded where multiple approval processes exist in sequence. These factors can negatively affect system costs and, ultimately, consumer welfare. We show that delays have meaningful impacts on electricity prices, system emissions, infrastructure investment and system operating costs. Our numerical simulation of data from Ireland shows that wholesale electricity prices are up to 10% higher and CO<sub>2</sub> emissions up to 4% higher, attributable to delays associated with planning and regulatory approvals.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101824"},"PeriodicalIF":3.8,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001176/pdfft?md5=8907a056cec9e9de2035545f38ac1c3f&pid=1-s2.0-S0957178724001176-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142163346","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}
Utilities PolicyPub Date : 2024-09-10DOI: 10.1016/j.jup.2024.101815
Laarni C. Escresa , Adrian Matthew G. Glova
{"title":"Politico-economic determinants of the performance of electric cooperatives in the Philippines","authors":"Laarni C. Escresa , Adrian Matthew G. Glova","doi":"10.1016/j.jup.2024.101815","DOIUrl":"10.1016/j.jup.2024.101815","url":null,"abstract":"<div><p>In rural areas in the Philippines, ensuring access to affordable, reliable, and sustainable electricity falls mainly to electric cooperatives (ECs). While this electrification model proved successful in the United States, developing countries with weak political competition and institutions may allow rent-seeking behavior in the sector. This paper examines the politico-economic determinants of EC performance in the Philippines and finds that lower political competition within an EC franchise area is associated with poor collection efficiency and larger employee size. The study points to the need for greater regulatory scrutiny among EC franchise areas with weak political competition. It also provides insights on facilitating progress towards attaining sustainable development goals and energy transition in developing countries with similar institutional endowments.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101815"},"PeriodicalIF":3.8,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001085/pdfft?md5=4b054c43231f1c14d9bb076e3f82e4f2&pid=1-s2.0-S0957178724001085-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142163345","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}
Utilities PolicyPub Date : 2024-09-06DOI: 10.1016/j.jup.2024.101819
Yiting Zhang , Henry J. Liu , Shuai Ling , Dan Wang , Yifan Fu , Xueqing Wang
{"title":"A collaborative governance model for electric vehicle charging infrastructure incorporating policy evaluation and feedback","authors":"Yiting Zhang , Henry J. Liu , Shuai Ling , Dan Wang , Yifan Fu , Xueqing Wang","doi":"10.1016/j.jup.2024.101819","DOIUrl":"10.1016/j.jup.2024.101819","url":null,"abstract":"<div><p>The rapid growth of electric vehicles (EVs) worldwide has raised concerns about and exacerbated the undersupply of charging infrastructure (CI), highlighting an urgent need for policy support. However, there is a lack of critical research that conducts a post-implementation evaluation for the CI-related policies, considering various goals and objectives of stakeholders. Thus, the study fills the void by applying the multi-actor multi-criteria analysis (MAMCA), which aims to assess CI-related policies based on stakeholder perspectives. We selected Tianjin, China, as a case study and collected data from two focus groups and one semi-structured interview across the city’s six central districts. As revealed by the empirical evidence, the interviewed stakeholders favor subsidies in terms of their welfare, followed by electricity adjustments. The EV incentives, multi-operation mechanisms, and supportive urban planning rank lower but are still supported by the stakeholders, while supportive land use and policy advocacy are opposed. We also identified that the stakeholders’ concerns are varied, where the CI operation department prioritizes operating profit and costs, the government focuses on electricity safety, and the end-user group is concerned with all criteria except profit. Implications for future policy and practice were also discussed. This research can enrich the collaborative governance model (CGM) by incorporating policy evaluation and feedback.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101819"},"PeriodicalIF":3.8,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142150846","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}
Utilities PolicyPub Date : 2024-09-01DOI: 10.1016/j.jup.2024.101816
Ming Zhang , Manfeng Guo
{"title":"Attracting Private Investment to Renewable Energy Projects in India","authors":"Ming Zhang , Manfeng Guo","doi":"10.1016/j.jup.2024.101816","DOIUrl":"10.1016/j.jup.2024.101816","url":null,"abstract":"<div><p>Attracting private investments to renewable energy projects is a topic of significant debate within academic circles. This study investigates the relationship between green fiscal policy and green monetary policy concerning investments in renewable energy in India, spanning from 1990 to 2021, employing the ARDL (Autoregressive Distributed Lag) technique. The findings reveal that green taxes can positively or negatively impact investments in renewable energy sources. Furthermore, green monetary policy, mainly through the provision of green loans, accelerates investment inflows into renewable energy sources in the short and long terms. Challenges hindering private investment in India's renewable energy sector include compounded risk and inflation. Nonetheless, financial development and literacy rates are crucial in expanding investment in renewable energy sources. Based on these findings, practical policy recommendations for India entail enhancing sustainable literacy through green education, promoting social inclusivity, and establishing effective monetary and fiscal policies.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101816"},"PeriodicalIF":3.8,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142117684","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}
{"title":"Achieving water security in India through sustainable wastewater reuse: The roles of policy, politics, and people","authors":"Manjari Manisha, Kavita Verma, Anirudha Tadpatri Pranesh, Santrupt Raju Marigoudar, Chanakya Hoysall, Lakshminarayana Rao","doi":"10.1016/j.jup.2024.101814","DOIUrl":"10.1016/j.jup.2024.101814","url":null,"abstract":"<div><p>This study investigates the challenges and strategies associated with successfully implementing the Koramangala-Challaghatta Valley project in Karnataka, India. This project is an innovative approach for water security in semi-arid regions by indirectly recharging groundwater using treated wastewater. Interviews with various stakeholders reveal strategies to address key challenges. An integrated wastewater management and safe reuse framework were applied to analyze the qualitative data. This study highlights the effectiveness of an integrated approach, including institutional collaboration with policies/programs to address technical, financial, and risk mitigation aspects, while community participation promotes social acceptance and ensures the long-term sustainability of wastewater reuse initiatives.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101814"},"PeriodicalIF":3.8,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142075922","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}
Utilities PolicyPub Date : 2024-08-26DOI: 10.1016/j.jup.2024.101817
Jonathan Gumz , Janet R. Stephenson , Diego C. Fettermann , Ben Wooliscroft
{"title":"A mixed-method analysis of New Zealand's smart meter rollout experience","authors":"Jonathan Gumz , Janet R. Stephenson , Diego C. Fettermann , Ben Wooliscroft","doi":"10.1016/j.jup.2024.101817","DOIUrl":"10.1016/j.jup.2024.101817","url":null,"abstract":"","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101817"},"PeriodicalIF":3.8,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142075958","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}
Utilities PolicyPub Date : 2024-08-23DOI: 10.1016/j.jup.2024.101818
Nourhane Houssam , Dalia M. Ibrahiem , Khadiga M. El-Aasar
{"title":"Insights from the N11 economies on drivers of the clean energy transition","authors":"Nourhane Houssam , Dalia M. Ibrahiem , Khadiga M. El-Aasar","doi":"10.1016/j.jup.2024.101818","DOIUrl":"10.1016/j.jup.2024.101818","url":null,"abstract":"<div><p>The research literature on the driving mechanisms for the clean energy transition in the Next 11 (N11) economies to accomplish their carbon-free targets is scarce. We address this research gap with an empirical analysis of the effects of renewable fuels, resource allocation, corporate governance, energy trade, economic growth, carbon taxes, and digitalization on the shift to clean energy between 1990 and 2022. Using the method of Moments Quantile Regression, the results show that all regressors enhance the shift to clean energy. Based on the study outcomes, policymakers should intensify their attempts to coordinate policies to support sustainable development goal ambitions.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101818"},"PeriodicalIF":3.8,"publicationDate":"2024-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142048116","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}
Utilities PolicyPub Date : 2024-08-20DOI: 10.1016/j.jup.2024.101809
Wen-Kai Hsu , Show-Hui S. Huang , Thu Ngo Ngoc Le , Nguyen Tan Huynh
{"title":"Evaluating Vietnam's container terminal efficiency considering carbon neutrality","authors":"Wen-Kai Hsu , Show-Hui S. Huang , Thu Ngo Ngoc Le , Nguyen Tan Huynh","doi":"10.1016/j.jup.2024.101809","DOIUrl":"10.1016/j.jup.2024.101809","url":null,"abstract":"<div><p>This paper aims to assess container terminal (CT) efficiency with the effect of carbon neutrality. Among mechanisms to achieve carbon neutrality in CTs' operations, emission taxes are deemed the most preferred tool to internalize the external costs associated with greenhouse gas emissions by placing a financial burden on polluters. This paper first uses cluster analysis to determine the homogeneous decision-making units (DMUs), i.e., container terminals. A novel approach is proposed to determine the level of emission taxes that DMUs should be levied based on how much CO2 they discharge. Since emission taxes are an undesirable output from the operations of CT operators (CTOs), the Slacks-based Measure Data Envelopment Analysis (SBM-DEA) model is thus employed to incorporate the emission taxes into the research model and to determine the optimal emission taxes for CTOs. Finally, the CTOs in Vietnam (hereafter the VN-CTOs case) are empirically surveyed to verify the proposed model. The proposed research framework can contribute a methodological reference toward the relevant literature in achieving carbon neutrality. Further, the empirical results can provide practical information for the Vietnamese CTOs to improve their CT efficiency.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101809"},"PeriodicalIF":3.8,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142012443","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}
{"title":"Is the U.S. energy independence and Security Act of 2022 associated with stock market volatility?","authors":"Hiridik Rajendran , Parthajit Kayal , Moinak Maiti","doi":"10.1016/j.jup.2024.101813","DOIUrl":"10.1016/j.jup.2024.101813","url":null,"abstract":"<div><p>This study investigates the influence of the U.S. Energy Independence and Security Act (EISA) of 2022 on stock market volatility. Considering potential policy impacts on market dynamics, it employs a mean-reverting jump-diffusion model for volatility analysis, supported by rigorous hypothesis testing to validate empirical findings. For investor sentiment analysis, a pre-trained model (BERT-base-multilingual-uncased) is used to assess sentiment, with logistic regression and Bidirectional LSTM utilized for sentiment prediction. Contrary to conventional findings, logistic regression outperforms Bidirectional LSTM for the small dataset. Overall, the study estimates show no statistically noteworthy difference in volatility before and after implementing the EISA of 2022. This study provides valuable insights for navigating financial decisions within the intricate landscape of energy markets.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"90 ","pages":"Article 101813"},"PeriodicalIF":3.8,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0957178724001061/pdfft?md5=123d1977e7c52204331953e952157ffc&pid=1-s2.0-S0957178724001061-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141997954","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}