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, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually …
Persistent link: https://www.econbiz.de/10010270518
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
subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …
Persistent link: https://www.econbiz.de/10011584949
In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the … divestitures on German wholesale electricity prices. Our identification strategy is based on the observation that energy suppliers … convergence between peak and off-peak prices. Using daily electricity prices for the 2006 - 2012 period and controlling for cost …
Persistent link: https://www.econbiz.de/10011744987
the distributional consequences inherent in the pricing strategy of basic goods and services, such as electricity. However …, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we …
Persistent link: https://www.econbiz.de/10012908694
win rebates can effectively encourage further conservation among those who can meet the threshold reduction. The theory … monthly residential electricity use with over 45 million observations to estimate the overall effect of a Vietnamese … electricity rebate program with this competitive element. Next, I empirically test the model’s predictions. I find that the …
Persistent link: https://www.econbiz.de/10013239327
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10010264447
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10010276986
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
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