In 2002 the Government of Sri Lanka proposed power sector policy guidelines for the first time in its history in order to facilitate the restructuring of the sector. This paper attempts to critically examine and appraise the Government’s proposals with suggestions for improvements. The...

In response to the structural shift in oil price coupled with greater import dependency, concerns about security of supply have once again emerged as a major policy issue. The UK, the largest producer of oil and natural gas in the European Union, became a net importer of natural gas in 2004,...

The industrial sector embodies a multifaceted production process consequently modelling the ‘derived demand’ for energy is a complex issue; made all the more difficult by the need to capture the effect of technical progress of the capital stock. This paper is an exercise in econometric...

A number of energy demand studies have considered the importance of modelling Asymmetric Price Responses (APR), for example, the often-cited work of Gately and Huntington (2002). Griffin and Schulman (2005) questioned the asymmetric approach arguing that this is only capturing energy saving...

After more than ten years of prescriptive regulation of the privatised water industry, very recently there has been a change of view about the feasibility and the likely benefits of water competition. This paper reviews some of the factors behind the change and some of the advantages of...

An error correction model is fitted to monthly data on net retail prices for the United Kingdom over the period January 1982 to June 1995 in order to examine the short-run response of retail petrol prices to changes in input costs and the exchange rate. The hypothesis of a symmetric response by...

Energy arguably plays a vital role in economic development. Hence many studies have attempted to test for causality between energy and economic growth; however, no consensus has emerged. This paper, therefore, tests for causality between energy and GDP using a consistent data set and methodology...

This paper examines the long-run relationship between energy demand, GNP and energy price in Japan using data covering 1887 – 1998. It is found that, if an underlying energy demand trend (UEDT) is appropriately incorporated, an econometric model produces a long-run income elasticity of unitary...

This paper tests and supports the hypothesis that information provided by the media about the environmental effects of benzene had a significant impact on the demand for super unleaded petrol in the United Kingdom between 1991 and 1995, explaining in part the large drop in demand at the end of...