The import risks confronting oil consumers are influenced by transport conditions, oil prices, geopolitics, etc. This paper constructs an evaluation framework for oil import security from a perspective of supply chain process, and builds a two-phase DEA-like model to evaluate oil import...

In the last 10years, thanks to the worldwide energy liberalization process, the birth of competitive gas markets and the recent financial crisis, traditional long term swing contracts in Europe have been supplemented in a significant way by make-up clauses which allow postponing the withdrawal...

We consider the problem of hedging European options written on natural gas futures, in a market where prices of traded assets exhibit jumps, by trading in the underlying asset. We provide a general expression for the hedging strategy which minimizes the variance of the terminal hedging error, in...

Various studies have examined whether market power abuses by independent electricity generators contributed to the demise of the California Power Exchange (PX). However, the behavior of wholesale power marketers has generally been overlooked. To fill this gap, our paper focuses on the pricing...

This paper analyzes the energy efficiency of China's 30 administrative regions during the period from 1997 to 2010. Most existing studies ignored the variation of production technologies among regions in China. Taking this factor into account, we introduce a parametric metafrontier approach...

In this paper, we aim to assess how the changes in aspects of demand impact the use of energy in the developing economies of Brazil, China, and India and the developed economies of Germany, the United Kingdom, and the United States. To achieve this objective, we use input–output matrices for...

Korea will introduce an emission trading policy from 2015. The rules for the initial allocation of emission allowances have not been decided yet. This paper assesses the effect of various initial emission allowance allocation methods of the Korean electricity market. This study employs the mixed...

Energy service company (“ESCO”) uses Energy Performance Contracting (“EPC”) to provide energy-saving services to its clients. Under an EPC, both ESCO and the client invest in the energy efficiency measures, according to a negotiated share of investment. Within the length of the contract,...

The international roll out of residential smart meters has increased considerably in recent years. The improved consumption feedback provided, and in particular, the installation of in-house displays, has been shown to significantly reduce residential electricity demand in some international...

In this paper we explore the relative importance of the outside temperature and sunshine duration for the explanation of variations of electricity consumption in Prague, Czech Republic. An assessment of relative importance is made on various time scales ranging from the shortest ones associated...