Topic Energy Economics

Renewable Energy and Equilibrium Hedging in Electricity Forward Markets

We study the impact of renewable energy on forward markets for electricity. Previous literature shows that forward prices are determined by time-varying demand and volatile spot prices. We introduce supply risk from renewable generation and find that stochastic renewable output mitigates income risk for generating firms, in particular when negative shocks to renewable output have large positive price ...

The Elephant in the Room: How Do We Regulate Gas Transportation Infrastructure as Gas Demand Declines? Commentary

The use of gas will decline dramatically as part of the transition to net zero. Modeling at European levelsshows that by 2050 about 70% less gaseous fuels will be used. Significant regulatory reform is needed todeal with the impacts of this decline on the gas grid.

Spatial Competition and Pass-through of Fuel Taxes: Evidence from a Quasi-natural Experiment in Germany

This paper analyses the pass-through rates and their determinants of the temporary German fuel discount in 2022 at its start and its termination. Based on a unique dataset of fuel station characteristics and prices, we employ a Regression Discontinuity in Time (RDiT) methodology to estimate heterogeneous pass-through rates. Our main contribution is to identify the impact of horizontal and vertical ...

Five Essays in Energy Economics: Numerical and Empirical Perspectives on the Decarbonization of the Energy Sector

Diese Dissertation behandelt die Herausforderungen der Dekarbonisierung im Energiesektor aus verschiedenen Perspektiven mit unterschiedlichen Methoden. Kapitel 1 liefert Hintergrund und Motivation. Kapitel 2 analysiert die Beziehung zwischen geografischer und zeitlicher Flexibilität im Strommarkt in einem Szenario mit 100% erneuerbaren Energien in zwölf mitteleuropäischen Ländern. Unter Anwendung eines ...

Options for Importing Green Hydrogen into Germany by 2030: Transportation Routes, Country Assessments and Implementation Requirements ; Analysis

Whether or not Germany can be carbon-neutral by 2045 will also depend on whether hydrogen can be successfully utilised. The ramp-up of a green hydrogen economy which includes a substantial, industrial-scale supply of hydrogen by 2030 is an ambitious goal. The strong rise in the demand for green hydrogen and its synthesis products by industry (e.g. steel, chemical and glass industries), transport (shipping, ...

Comparison of the Environmental Impacts of Heating Systems in Chile by Life Cycle Assessment

The present study conducts a Life Cycle Assessment (LCA) to evaluate the environmental impacts of heating technologies commonly used in Chile based on six environmental indicators: Climate Change (CC), Human Toxicity (HT), Formation of Particulate Matter (PM), Formation of Photochemical Oxidants (PO), Ozone Destruction (OD), and Water Depletion (WD). Due to the extensive length of the territory studied, ...

Energy Transition Metals: Bottleneck for Net-Zero Emissions?

The energy transition requires substantial amounts of metals, including copper, nickel, cobalt, and lithium. Are these metals a bottleneck? We identify metal-specific demand shocks, estimate supply elasticities, and study the price impact of the transition in a structural scenario analysis. Prices of these four metals would reach previous historical peaks but for an unprecedented, sustained period ...

Editorial: Fostering the Energy Transition Amidst Geopolitical and Climate Risks in a Post-covid World

Evaluating Nuclear Power’s Suitability for Climate Change Mitigation: Technical Risks, Economic Implications and Incompatibility with Renewable Energy Systems: A Framework to Push Research Frontiers

This paper presents a comprehensive analysis of the suitability of nuclear power as an option to combat the escalating climate emergency. Summarizing and evaluating key arguments, we elucidate why nuclear power is unsuitable for addressing climate change. The primary argument centers around the unresolved technical and human risks of accidents and proliferation, which are unlikely to be e????ectively ...

VAT Pass-through and Competition: Evidence from the Greek Islands

We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we investigate how changes in VAT rates are passed through to consumers in islands with different market structure. We show that pass-through increases with competition, going from 50% in monopoly to around 80% ...