We examine the impact of liberalization, energy efficiency, renewable energy, and security of supply legislations on the risk-return profiles of European energy utilities over the period 1996 to 2013. Results show that, after controlling for equity market and commodity risk factors, the EU...

In Germany, substantial drops in wholesale power prices have become a regular phenomenon. While such price drops have far-reaching implications for the functioning of the power market, their underlying determinants remain poorly understood. To fill this gap, we propose a Markov regime-switching...

In the contemporary era, the utmost imperative of energy resource is an undisputed matter all across the globe. It is quite apparent that development of an economy is inextricably interconnected to energy and its sustained supply. The indispensable role of energy in shaping the economy has also...

Engendering a low-carbon energy transition is necessary to limit climate change impacts and temperature rises. Ideally, such a transition would be inclusive, incorporating all stakeholders, however, the issue of energy poverty is a major obstacle to this goal. This research investigates energy...

US energy and national security in the long term is not about renewable energy, domestic oil production or so-called “energy independence” pipedreams. It is more about the price of crude oil. By 2020 the US will import less than 40% of its total supply of oil, a significant drop from 43% in...

A secure energy supply is important for all countries. This is especially true for EU countries for geopolitical reasons and because of ongoing reforms in energy markets. This study aims to understand how the energy security of EU countries has evolved by applying three energy security...

This paper investigates the economy-wide impacts of a 5% improvement in Scottish household energy efficiency, focussing specifically on general equilibrium energy rebound effects, both in household energy use and in total energy use across the Scottish economy. The impacts are measured through...

Subsidies have become a crucial topic nowadays for many developing countries due to the fluctuations in international fuel prices. Many developing nations (both importers and exporters of fossil fuels) are trying to phase out subsidies due to the burden it exerts on the fiscal budget. Many...