Showing 1 - 10 of 397
Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable … electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand … curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable …
Persistent link: https://www.econbiz.de/10014239209
According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is not fixed but endogenous. This implies that a national climate policy that overlaps with the emission trading system can have an impact on total aggregate emissions. Roughly...
Persistent link: https://www.econbiz.de/10012840226
We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and … CO2 regulation, in which a group of countries operates an emissions trading scheme (ETS). Electricity markets are either … electricity, some emissions as well as some coal-based electricity ‘leak’ into other countries and the aggregate welfare of the …
Persistent link: https://www.econbiz.de/10012890195
With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it occurs within a few years. This article shows that...
Persistent link: https://www.econbiz.de/10012866399
are on electricity-included property lease contracts causing them to face a marginal electricity price of zero. We use … electricity in response to summer temperature fluctuations. The result is retrieved under weaker identifying assumptions than … previous split incentives papers, and is robust when exposed to several opportunities to fail. The electricity reduction in …
Persistent link: https://www.econbiz.de/10012866313
Electricity is a general purpose technology and the catalyst for the second industrial revolution. Developing countries … with the length of higher-voltage electricity lines. Instrumenting for electrification using hydroelectric potential, we …
Persistent link: https://www.econbiz.de/10012859605
This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of … electricity consumption follows an inverted U-shaped distribution as a function of the age of the household's head. Most notably …
Persistent link: https://www.econbiz.de/10013250745
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using … effects are key in wholesale electricity markets. Out-of- sample prediction errors using machine learning are (slightly) lower … green the energy matrix on wholesale electricity prices are first order. CO2 permit prices strongly impact electricity …
Persistent link: https://www.econbiz.de/10014081588
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost …
Persistent link: https://www.econbiz.de/10010352376
interwoven in the electricity market as the producers of green electricity are also the suppliers of TGCs. In this paper, we … formulate an analytic equilibrium model for simultaneously functioning electricity and TGC markets, and focus on the role of … market power. We consider a Stackelberg leadership model with endogenous treatment of the interaction between the electricity …
Persistent link: https://www.econbiz.de/10011522422