Topic Energy Economics

First Evidence of Asymmetric Cost Pass-through of EU Emissions Allowances: Examining Wholesale Electricity Prices in Germany

This paper applies the literature on asymmetric price transmission to the emerging commodity market for EU emissions allowances (EUA). We utilize an error correction model and an autoregressive distributed lag model to measure the relationship between CO2 price changes and the development of wholesale electricity prices. Using data from the German market for electricity and EUAs, we find that the rising ...

From Transition to Competition: Dynamic Efficiency Analysis of Polish Electricity Distribution Companies

In this paper we test the hypothesis that the economic transition toward a market economy increases the efficiency of firms. We study 32 Polish electricity distribution companies between 1997-2002, by applying common benchmarking methods to the panel: the nonparametric data envelopment analysis (DEA), the free disposal hull (FDH), and, as a parametric approach, the stochastic frontier analysis (SFA). ...

A Markov Switching Model of the Merit Order to Compare British and German Price Formation

The objective of this paper is to develop a model to determine the price formation of wholesale electricity markets. For that purpose, we model wholesale electricity prices depending on the prices of fuels (coal and natural gas) and of CO2 emission allowances using a Markov Switching Regression. We apply the model to wholesale electricity prices in the UK and in Germany. While British electricity prices ...

GTAP-E: An Energy-Environmental Version of the GTAP Model with Emission Trading

Energy is an important commodity in many economic activities. Its usage affects the environment via CO2 emissions and the Greenhouse Effect. Modeling the energy-economy-environment-trade linkages is an important objective in applied economic policy analysis. Previously, however, the modeling of these linkages in GTAP has been incomplete. This is because energy substitution, a key factor in this chain ...

The European Electricity and Climate Policy: Complement or Substitute?

Learning-by-Doing in the Renewable Energy Equipment Industry or in Renewable Electricity Production: Why Does It Matter to Differentiate?

In economic models of energy and climate policy, endogenous technological change is generally introduced as the result of either investment in research-and-development or of learning-by-doing. In this paper, we analyze alternative ways of modeling learning-by-doing in the renewable energy sector in a top-down CGE model. Conventionally, learning-by-doing effects in the renewable energy sector are allocated ...

The Way towards an Energy Policy for Europe

Die Forderung nach einer gemeinsamen europäischen Energiepolitik ist seit dem Zweiten Weltkrieg ein Kernthema der europäischen Integration. Seit den Nachwehen der beiden Ölschocks sind alle Versuche, eine gemeinsame Energiepolitik zu definieren, gescheitert. Der Beitrag identifiziert Gründe, wieso eine solche kohärente und ambitionierte gemeinsame Energiepolitik erforderlich ist. Er untersucht, inwieweit ...

Using Energy and Materials More Efficiently: Large and Profitable Potentials, But Little Attention from Energy and Climate Policy

Der Beitrag skizziert zunächst die gegenwärtigen Herausforderungen an das globale Energiesystem und stellt das vorhandene Wissen zu energieeffizienten Lösungen in allen Sektoren dar. Dabei geht es nicht nur um die Umwandlung von Primär- in Nutzenergie, sondern - wichtiger noch - von Nutzenergie in Energiedienstleistungen (Materialeffizienz und Substitution). Bei der Analyse der Effizienzpotentiale ...

Applied Economic-Environment-Energy Modelling for Quantitative Impact Assessment

Die deutsche Energiepolitik braucht eine Trendwende: ein 10-Punkte-Plan für eine nachhaltige Energieversorgung