This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of decrease of power generation cost (with external costs...

This study uses Markowitz mean-variance portfolio theory with forecasted data for the years 2005 to 2035 to determine efficient electricity generating technology mixes for Switzerland. The SURE procedure has been applied to filter out the systematic components of the covariance matrix. Results...

This study applies financial portfolio theory to determine efficient electricity-generating technology mixes for Switzerland and the United States. Expected returns are given by the (negative of the) rate of increase of power generation cost. Volatility of returns relates to the standard...

Die volkswirtschaftlichen Kosten verschiedener energiewirtschaftlicher Strategien hängen wesentlich von der Reaktion der Nachfrage ab. Vor diesem Hintergrund geht die KOF Studie in einer Literaturübersicht dem Teilaspekt der volkswirtschaftlichen Anpassung über die Auswirkungen der Änderung...

Due to the increasing European import dependency, significant additional natural gas volumes will be required. In addition to the Nord Stream pipeline, the Nabucco and South Stream pipeline are projects planned for the next decade to provide further gas supplies to the European market. As one of...

The uprising and military confrontation in Libya that began in February 2011 has led to disruptions of gas supplies to Europe. An analysis of how Europe has compensated for these missing gas volumes shows that this situation has not affected security of supply. However, this situation would...

We study the determinants of households' choices of lighting fuels in Kenya, including the option of using solar home systems (SHSs). The paper adds new evidence on the factors that influence the introduction and adoption of decentralized and less carbon-intensive energy sources in developing...

Steigende Energiepreise, Risiken der Versorgungssicherheit und die mit der Verbrennung fossiler Brennstoffe einhergehenden Kohlendioxidemissionen haben alternative Energieträger verstärkt in die öffentliche Diskussion gebracht. Insbesondere der Transportsektor ist stark von einem...

We propose a model of the European gas market where the risk that Russian deliveries are interrupted is endogenized. While Russia's attempts to buy considerable parts of the European downstream industry have faced strong political opposition, we argue that Russian participation in the downstream...