We investigate the effect of energy liberalizations on policies that support renewable energy in a long panel of OECD countries. We estimate this effect accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy. Using regulation in other...

Energy has been at the core of the EU integration since its inception. However, following the path of a shooting star, the key role of energy gradually declined over time, to the level of being basically left out from the Treaties, at least up to Lisbon. The EU has struggled to circumnavigate...

From employment to education, many areas of our daily lives have gone virtual, including the virtual workplace and virtual classes. By comparison, the way we generate, deliver, and consume electricity is an anachronism. And the electric industry’s outdated business model and regulatory...

The disaster at Fukushima has clearly illuminated some of the issues, which operating an energy market through regionally isolated monopolies give rise to. At the same time, a shift towards renewable energies is increasingly being perceived as necessary in Japan. In order to achieve this...

Pakistan had been mired in a crippling energy crisis for several years but is experiencing a rapid turnaround in the energy sector with several new projects coming online. However, the interventions undertaken by the government rely heavily on imported fuel such as oil, coal, and LNG. An...

Emission-free hydrogen (H2) is crucial to decarbonize energy supply and to tackle the climate crisis. To unlock the potential of H2, pipelines infrastructures and related investments are required to enable trade. However, it is uncertain what future H2 infrastructure will be needed. The paper...

A capacity mechanism next to the energy-only market provides necessary investment incentives that spot markets lack. The adequate capacity mix can only be achieved by accounting for the current transition phase to electricity generation with a growing share of renewables. We show that an...

Decarbonization goals of the European Commission foresee different future scenarios for the European power market of which all are exceeding 60% renewables in the power system.3 High shares of intermittent renewable sources require significant changes to the physical system and impact the...

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...

The diffusion of renewable electricity generating technologies is widely considered as crucial for establishing a sustainable energy system in the future. However, the required transition is unlikely to be achieved by market forces alone. For this reason, many countries implement various policy...