This paper describes the current state of the Macedonian electricity sector. It looks at ongoing structural changes …, driven by the gradual adoption of the EU acquis on energy, and comes up with estimates for electricity subsidies. It …

as consisting of the three subsectors of crude oil and natural gas production, refinery, and electricity production. It … electricity sector, and inefficient government subsidies in the latter two subsectors. …

energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process …, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output …. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could …

Several regulatory authorities worldwide have recently imposed forward contract obligations on electricity producers as … bidding in electricity markets, or in any other auction-based market. For this purpose, we introduce forward contracts in a …

, electricity and a composite good, "other fuels". This composite good is subject to such large measurement errors in the data set … and electricity consumption and it is shown how the model's structural parameters, i.e. those of household preferences … presented and the diversity of implied price and income elasticities is emphasized. Both gas and electricity are found to be …

electricity program allowing us to compute a levelized cost. We identify a modest escalation of capital cost and a larger than … electricity nevertheless remains cheaper. Comparisons with coal, natural gas and wind power are carried out to the advantage of …