We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using … green the energy matrix on retail electricity prices are first order. CO2 permit prices strongly impact electricity prices … (particularly for baseload prices). Among energy sources, natural gas has the largest effect on electricity prices. Importantly, the …

This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … of the electricity market in the US as our case study, we find support for our theoretical predictions. Furthermore, we …

, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … accrue to electricity generators. Using natural gas prices as a proxy for generators’ surplus, we find railroads charge … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …

Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this …, especially in the electricity sector. Gas exports to Europe will be significantly affected as more gas becomes available for … exports. Removal of other market imperfections in the Russian energy markets has smaller impacts on prices and quantities than …

region and drives up gas and electricity prices. The firms observed to withhold pipeline capacity also own non … estimate that capacity withholding increased average gas and electricity prices by 38% and 20%, respectively, over the three … role in the US electricity generation mix. In recent years, the region’s wholesale natural gas and electricity markets have …

areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … California disaster. Part of the explanation for these difficulties stems from past successful liberalization and deregulation … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …

dispatch prices, it can, for example, withhold capacity at lower prices for the first bid in a period, creating a price hike …, and then add capacity at lower prices to ensure dispatch. Using data from the Australian NEM we provide the first …We extend existing theoretical frameworks describing electricity markets where each generator provides a Market …

natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the … potential presence of jumps in natural gas spot prices in the U. S. and in the U. K. We find compelling empirical evidence for … between the U.S. and U.K. jump probabilities may be due to oil prices, other factors play a role. …

market for natural gas, are associated with capacity constraints. Prices are determined in residual markets where the least … industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher …

elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation … regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be …