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The European Union has set ambitious targets for emission reduction and the penetration of renewable energy, including the electricity generation sector as one of the major emitters of CO2. After a period of subsidy-driven investments, the costs of renewables decreased strongly making...
Persistent link: https://www.econbiz.de/10011899727
Offshore wind power is regarded as a crucial renewable energy technology to achieve the ambitious CO2 reduction targets of the EU. However, offshore wind power is not yet competitive with traditional electricity generation technologies, so its sustained development depends on national support...
Persistent link: https://www.econbiz.de/10013119769
The European Union has set ambitious targets for emission reduction and the penetration of renewable energy, including the electricity generation sector as one of the major emitters of CO2. After a period of subsidy-driven investments, the costs of renewables decreased strongly making...
Persistent link: https://www.econbiz.de/10014111750
This paper analyses the interdependencies existing in wholesale European electricity prices. The results of a multivariate long run dynamic analysis of weekly median prices reveal the presence of a strong although not perfect integration among some neighboring markets considered in the sample...
Persistent link: https://www.econbiz.de/10014222397
Long-term energy contracts have featured prominently in many decisions of the European Commission to support the opening of the electricity markets. Contracts were seen to foreclose the market hence the Commission comprehensively unwound pre-existing long-term contracts and formulated strict...
Persistent link: https://www.econbiz.de/10010369937
Persistent link: https://www.econbiz.de/10011564902
With the completion of mass electrification projects in Europe, electricity supply seemed to have gradually escaped the political attention of European publics. No more new villages to connect to the national power grid, no more political celebrations of remote communities entering modernity and...
Persistent link: https://www.econbiz.de/10013459225
Persistent link: https://www.econbiz.de/10013350078
The paper investigates the effects of oil price shocks on stock market volatility in Europe by focusing on three … measures of volatility, i.e. the conditional, the realised and the implied volatility. The findings suggest that supply …-side shocks and oil specific demand shocks do not affect volatility, whereas, oil price changes due to aggregate demand shocks …
Persistent link: https://www.econbiz.de/10013403135
Persistent link: https://www.econbiz.de/10009685246