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Price effects of the Austrian fuel price fixing act : a synthetic control study

Becker, Maike; Pfeifer, Gregor; Schweikert, Karsten - 2021

Price Fixing Act on gasoline and diesel price levels. Using the synthetic control method, we construct a counterfactual and … Price Fixing Act came into effect, gasoline prices are 23.4% lower than the synthetic control predicts. The effect on diesel … effective in terms of gasoline prices but may need further refinements to effectively tackle diesel prices as well. …

Persistent link: https://www.econbiz.de/10012415508

Estimating pass-through rates for the 2022 tax reduction on fuel prices in Germany

Dovern, Jonas; Frank, Johannes; Glas, Alexander; … - 2022

months, starting on 1 June 2022. Using the synthetic control method to compare actual prices of gasoline and diesel to those …

Persistent link: https://www.econbiz.de/10013380895

Changing electricity markets : quantifying the price effects of greening the energy matrix

Kohlscheen, Emanuel; Moessner, Richhild - 2022 - Original Version: June 2022, this version: July 2022

We analyse the drivers of European Power Exchange (EPEX) retail 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/10013262773

UK natural gas : gas-specific or oil driven pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2013

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...

Persistent link: https://www.econbiz.de/10010212645

Trade with endogenous transportation costs : the value of LNG exports

Oglend, Atle; Osmundsen, Petter; Selland Kleppe, Tore - 2015

This paper investigates the economic value of trade when prices of transportation services are endogenous to cross-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short-run, and long lead-times are involved in...

Persistent link: https://www.econbiz.de/10010483579

Modeling UK natural gas prices when gas prices periodically decouple from the oil price

Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2015

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...

Persistent link: https://www.econbiz.de/10010486860

Is it all oil?

Asche, Frank (contributor); Osmundsen, Petter (contributor); … - 2005

After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the Continental market and to the fact that the significant...

Persistent link: https://www.econbiz.de/10002578053

Jump processes in natural gas markets

Mason, Charles F.; Wilmot, Neil - 2014

Natural gas is likely to become increasingly important in the future. Understanding the stochastic underpinnings of 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...

Persistent link: https://www.econbiz.de/10010235818

Unconventional gas and the European Union : prospects and challenges for competitiveness

Vollebergh, Herman R. J.; Drissen, Eric - 2014

This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...

Persistent link: https://www.econbiz.de/10010422070

Energy taxes and natural gas demand in EU-countries

Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2001

Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters. Traditional tax incidence theory presumes spot...

Persistent link: https://www.econbiz.de/10011399311