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for “virtual energy” as a diverse suite of widely dispersed resources that can combine and interconnect to provide, in the … vehicles, and other virtual energy resources (VERs) can coordinate to become virtual power plants that mimic, and ultimately … sustainable, more reliable, and more democratic.To realize virtual energy’s full potential, however, requires a radical rethinking …
Persistent link: https://www.econbiz.de/10014253897
Persistent link: https://www.econbiz.de/10011704678
We show that gasoline retailer profits heavily depend on the direction of wholesale cost movements. Using a unique, firm-level, proprietary sample of 121 U.S. gasoline retailers collectively operating over 4500 stores, we find that it tends to be only in months when wholesale prices are...
Persistent link: https://www.econbiz.de/10011100133
Ease of entry is crucial to well-functioning electricity markets. This paper investigates the patterns of entry in the generation segment of the electricity industry of OECD countries and seeks to provide an understanding of their key determinants. It aims to derive implications for the design...
Persistent link: https://www.econbiz.de/10011588355
Studies have shown that many consumers and businesses fail to invest in energy efficiency improvements despite … seemingly ample financial incentives to do so – the so-called energy efficiency gap. Attempts to explain this gap often focus on … of inefficiency – has a strong and significant positive effect on searching for information on energy efficiency goods. I …
Persistent link: https://www.econbiz.de/10013076892
This study investigates the role of heterogeneous agents in oil markets and tests tales of speculators in oil price formation. Results obtained from using a non-linear heterogeneous agent model suggest that oil market prices are driven by different groups of speculators, namely fundamentalists,...
Persistent link: https://www.econbiz.de/10011312641
This study investigates the price formation of electricity futures at the European Energy Exchange (EEX) and aims at … serve several purposes for energy utilities, including price discovery, hedging, valuation and trading. …
Persistent link: https://www.econbiz.de/10010433655
green the energy matrix on retail electricity prices are first order. CO2 permit prices strongly impact electricity prices …, as do the prices of source energy commodities. And carbon permit prices' impact has clearly increased post-2021 … (particularly for baseload prices). Among energy sources, natural gas has the largest effect on electricity prices. Importantly, the …
Persistent link: https://www.econbiz.de/10013262773
The harmonization and integration of separate national energy markets to an interconnected internal European market is … a top priority of the European Commission. However, as energy policy largely remains subject to national sovereignty, a … that the phase-out triggered price increases of up to 19 percent in neighbouring countries whilst the renewable energy …
Persistent link: https://www.econbiz.de/10011374098
The hike in energy prices across Europe in 2022 and 2023 led to significant government interventions. Several … governments introduced 'energy price cap' measures to alleviate the increased burden on households' expenditures. This paper … the negative distributional consequences of the inflationary shock while it would completely offset the increase in energy …
Persistent link: https://www.econbiz.de/10014473004