Social, political, and economic trends suggest that the United States may soonjoin other United Nations Framework Convention on Climate Change (UNFCCC)countries in drafting substantive, national climate change policy. After providing a briefoverview of past and present climate action taken both...

Financial processes may possess long memory and their probability densities may display heavy tails. Many models have been developed to deal with this tail behaviour, which reflects the jumps in the sample paths. On the other hand, the presence of long memory, which contradicts the efficient...

In this paper we assess the short-term forecasting power of different time series models in the electricity spot market. In particular we calibrate AR/ARX ("X" stands for exogenous/fundamental variable—system load in our study), AR/ARX-GARCH, TAR/TARX and Markov regime-switching models to...

In this paper we present an analysis of the results of a study into wholesale (spot) electricity price forecasting utilising Neural Networks (NNs) and Support Vector Machines (SVM). Frequent regulatory changes in electricity markets and the quickly evolving market participant pricing (bidding)...

Many power markets around the world have been facing inadequacy with generation capacity investment to meet the growing demand. Among various frameworks directed towards this problem, capacity markets have emerged in major eastern US power markets. In this paper, a prototype capacity market is...

Artículo de revista ; This article analyses the cost of electricity for Spanish firms. This cost is compared with other expenditure by Spanish industrial firms on goods and services and with their turnover, distinguishing by firm size and sector. Generally, in the industrial sector, the ratio...

The article examines industrial and services firms’ direct energy costs as a proportion of their turnover in 2019, differentiating by fuel type (electricity, natural gas and other fuels) and by firm size and economic sector. The analysis shows that the proportional expenditure on different...

The increase in electricity prices, which peaked in August 2022, has affected the various activities carried out in the Spanish electricity sector differently. This paper analyses the impact of this increase on the sector, distinguishing between electric power companies and electricity...

El incremento de los precios de la electricidad, que alcanzó su máximo en agosto de 2022, ha afectado de forma diversa a las distintas actividades que se desarrollan en el sector eléctrico español. Este artículo analiza el impacto de dicho incremento sobre el sector, distinguiendo entre...

This paper develops analytical models to estimate the welfare effects of higher Corporate Average Fuel Economy (CAFE) standards on new passenger vehicles. The analysis incorporates a broad range of fuel-and-driving-related externalities, fuel taxes, different assumptions concerning consumers'...