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This paper reviews Ghana's recent experience on downstream petroleum products pricing and deregulation and looks at its … implications for the nation's energy security. The Government of Ghana in June 2015 put in place a deregulation policy that had the … on the economy. With the advent of full deregulation, the burden of managing forex risks will shift from the government …
Persistent link: https://www.econbiz.de/10013004007
Restricted participation in sequential markets may cause high price volatility and welfare losses. In this paper we therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market with quarter-hourly products. Applying a...
Persistent link: https://www.econbiz.de/10011666918
Legacy electricity retail tariffs are ill-adapted to future electricity systems and markets, particularly with regard to accommodating the multi-faceted shift toward decarbonisation. We examine how retail tariffs need to be reformed to not only meet the future revenue requirements of...
Persistent link: https://www.econbiz.de/10011964329
We develop a flexible forward contracting mechanism for renewable generators with intermittent and uncertain power supply. Such a contract allows the renewable generators to engage in forward contracts in day-ahead markets with flexible loads. In our proposed contracting mechanism, the renewable...
Persistent link: https://www.econbiz.de/10014079955
This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static...
Persistent link: https://www.econbiz.de/10012194466
By studying average variable costs, researchers examining the California energy crisis were sure to find examples of market power - even if that power may not have existed. By studying average variable costs, researchers examining the California energy crisis were sure to find examples of market...
Persistent link: https://www.econbiz.de/10014073302
Classical household theory predicts that adolescents facing a developed labour market should invest in formal education. In contrast, it is obvious that adolescents in subsistence economies should choose learning-by-doing approaches to working on the family farm. However, it is unclear what...
Persistent link: https://www.econbiz.de/10010409968
Persistent link: https://www.econbiz.de/10012254312
Persistent link: https://www.econbiz.de/10011718554
We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10013262773