Electricity market models, implemented as dynamic programming problems, have been applied widely to identify possible pathways towards a cost-optimal and low carbon electricity system. However, the joint optimization of generation and transmission remains challenging, mainly due to the fact that...

We study the valuation of preferences for small scale initiatives in renewable electricity generation. We analyse the results of a stated choice experiment among 507 respondents in The Netherlands and provide valuations of characteristics of small scale initiatives. Respondents prefer installing...

We investigate how financial market participants value energy accidents. We employ an event study to look into the response of stock markets to 209 accidents. These accidents were derived from Sovacool’s (2008) database on major energy accidents from 1907 to 2007. It appears that the stock...

This paper investigates the relationship between absolute energy consumption and gross domestic product (GDP) per capita for 113 countries over the period 1971–2004. Energy has been scarcely explored in the Environmental Kuznets curve (EKC) debate and is taken as the indicator of overall...

The continuing increases in oil prices have renewed the argument over the real culprits behind these movements. The growth in demand for oil in international markets, especially from the United States and China, is often identified as the main source of consumption pressure on prices, and thus...

Energy is a key input in investment decision making with a well-known effect on economic growth. Inelasticity of energy demand urges an understanding of its price dynamics. This paper makes a joint analysis of the price of oil, natural gas, and electricity in U.S. markets using a multi-regime...

This paper analyzes the evolution of real energy efficiency in the European Union and the attribution across countries of its percent change. Relying on a multiplicative energy intensity approach that is implemented through the Sato-Vartia Logarithmic Mean Divisia Index method, we decompose the...

The frequent power outages which characterises Ghana's electricity sector have raised serious concerns among policy makers and stakeholders. The causes of this problem have been cited as growing demand and inadequate investment. The objective of this study, therefore, was to identify the factors...

Renewable energy is defined as the contribution of renewables to total primary energy supply (TPES). Renewables include the primary energy equivalent of hydro (excluding pumped storage), geothermal, solar, wind, tide and wave sources. Energy derived from solid biofuels, biogasoline, biodiesels,...

Spanish local governments may offer, in accordance with Royal Decree 2/2004, tax credits up to 50% in Real Estate Tax for those with installed solar powered thermal or electrical energy systems. This paper analyzes by logistic regression estimation which factors influence the decision of...