Showing 1 - 10 of 369
transfer scheme called “gas price brake.” A unique feature of this energy price relief measure is that both households and the … industry receive a transfer that increases in one’s actual gas price. In a formal model, we show that such a transfer scheme … overcome this adverse effect of the gas price brake. An equivalent critique applies to the electricity price brake that is to …
Persistent link: https://www.econbiz.de/10014256244
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10014081588
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips curves for 35 OECD economies from 1995 to 2020. As carbon pricing we consider prices of emissions trading systems (ETS) and carbon taxes. We find that an increase in prices of ETS...
Persistent link: https://www.econbiz.de/10013305654
The movement to deregulate major industries over the past 40 years has produced large efficiency gains. However, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information available to market participants through the...
Persistent link: https://www.econbiz.de/10012892212
. Equity, commodity, and distillate markets positively price returns, and equity market risk and returns are higher than for …
Persistent link: https://www.econbiz.de/10014240484
We examine heterogeneity in Norwegian households’ price responses to critical peak pricing (CPP) on electricity …. Increasing the grid transmission charge by 4,067% (corresponding to an increase in the electricity price by 1,242%) leads to a 12 …
Persistent link: https://www.econbiz.de/10013293279
Under collusion, firms deviate from current profit maximization in anticipation of future rewards. As current profit maximization places little restrictions on firms’ pricing behaviour, collusive conduct is hard to infer. We show that bids from certain firms in the Colombian wholesale...
Persistent link: https://www.econbiz.de/10014357630
price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level … and to protect them from sudden price fluctuations. Such regulations are already in place in several countries, but … whether they indeed help lower the overall fuel price level is unclear. In this paper, we study the effect of Austria’s Fuel …
Persistent link: https://www.econbiz.de/10013250741
We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … across U.S. states in the pass-through of oil price shocks to retail gasoline prices. We show that these differences are … transportation infrastructure, refinery technology, and environmental regulations, creating cross-sectional gasoline price shocks in …
Persistent link: https://www.econbiz.de/10014358334
We explore the impact of an EU-wide nuclear phase-out by 2030 provided the EU energy and climate policy for 2030 is implemented. Using a numerical simulation model of the European energy industry (LIBEMOD), we find that a complete nuclear phase-out in Europe by 2030 has a moderate impact on...
Persistent link: https://www.econbiz.de/10011307073