This study investigates the evolution of electricity consumption across residential and industrial sectors in Taiwan. By applying the dynamic factor model, we classify the fluctuations in electricity consumption into aggregate, regional, and individual factors, which sheds light on the latent...

In Hungary, regulated energy prices fell by a quarter in 2013-2014 due to a state intervention. The objective of this article is to measure the effects of this change on the Hungarian residential energy consumption and assess the rationale, the policy context and other consequences of such an...

Motivation: A crucial but difficult goal for governments and policymakers in Nigeria in recent years has been the sustainability of economic growth. This goal must be accomplished by regulating or lowering greenhouse gas emissions, which calls for switching to a low- or zero-carbon production...

This paper explores the asymmetric connectedness of systemic risk between the oil and global stock markets in both the time and frequency domains. To do so, we introduce time-varying parametric vector autoregressive (TVP-VAR) spillover index models and implied volatility indices to examine risk...

This study investigates the dynamic causal relationship between electricity consumption and economic growth in the East African Community (1990-2021). It seeks to interrogate the nature of relationship between electricity consumption and economic growth. The hypothesis used in this study is four...

This paper surveys the literature relevant for comparing centralized and decentralized wholesale electricity markets. Under a centralized design, producers submit detailed cost data to the system operator the day before delivery, who then decides how much to produce for each generation unit....

This paper employs the mixed frequency vector autoregression (MF-VAR) to discuss the causal link between crude oil dependence and military expenditure in China. The empirical results demonstrate that the crude oil dependence Granger causes military expenditure and accounts for 66.8% of the...

The majority penetration of Variable Renewable Energy (VRE) will challenge the stability of electrical transmission grids due to unpredictable peaks and troughs of VRE generation. With renewable generation located further from high demand urban cores, there will be a need to develop new...

The COVID-19 epidemic has severely affected the world economy and energy markets. In order to alleviate the shock, stabilize the financial market, and promote economic recovery, the Fed announced an unlimited QE policy. In order to understand the impact of the policy on the energy market under...

This study analyzes the efficiency of the crude palm oil (CPO) futures market by conducting a variance ratio test and comparing it to the West Texas Intermediate (WTI) futures market. We discover that the weak-form efficient market hypothesis holds for both the CPO and WTI futures markets...