scholarly journals Energy Prices Forecasting Using GLM

2018 ◽  
pp. 321-334 ◽  
Author(s):  
M. Filomena Teodoro ◽  
Marina A. P. Andrade ◽  
Eliana Costa e Silva ◽  
Ana Borges ◽  
Ricardo Covas
Keyword(s):  
Energy Prices

Global Financial Crisis and Its Impact on Russia

2009 ◽  
pp. 9-27 ◽  
Author(s):  
A. Kudrin
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Central Bank ◽  
Global Financial Crisis ◽  
Developed Countries ◽  
Real Economy ◽  
Energy Prices ◽  
Russian Government ◽  
The Real

The article examines the causes of origin and manifestation of the current global financial crisis and the policies adopted in developed countries in 2007—2008 to deal with it. It considers the effects of the financial crisis on Russia’s economy and monetary policy of the Central Bank in the current conditions as well as the main guidelines for the fiscal policy under different energy prices. The measures for fighting the crisis that the Russian government and the Central Bank use to support the real economy are described.

Anti-crisis measures or structural reforms: Russia’s economic policy in 2015

2016 ◽  
pp. 5-33 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Structural Transformation ◽  
Growth Model ◽  
Emerging Economies ◽  
Social Issues ◽  
Import Substitution ◽  
Structural Reforms ◽  
Energy Prices ◽  
New Models

The paper deals with 2015 trends and challenges for social and economic policy in the nearest future. The analysis of global crisis includes: uneven developments in the leading advanced and emerging economies; new models of economic growth which look differently in different countries; prospects of globalization and challenges of ‘regional globalization’; currency configurations of the future; energy prices dynamics and its influence on political and economic prospects of particular states. Current challenges are discussed in the context of previous 30 years. Among the main topics on Russia, there are approaches to a new growth model, structural transformation (including import substitution issues), economic dynamics, budget and monetary outlines, social issues. The priorities of economic policy are also considered.

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

Budgetary Authority and Coalition Management

2018 ◽  
Author(s):  
Paul Chaisty ◽  
Nic Cheeseman ◽  
Timothy J. Power
Keyword(s):  
Resource Dependence ◽  
Economic Resources ◽  
System Level ◽  
Energy Prices ◽  
Economic Crises ◽  
Government Transparency ◽  
Discretionary Spending ◽  
The Cost ◽  
Coalition Size

This chapter considers how presidents use their budget powers and the allocation of targeted discretionary spending to manage their coalitions. It considers the costs of budget tool deployment (in terms of time, controversy, and economic resources), and the factors that affect these costs: system-level factors (government transparency, federalism, personal-vote elections), coalition-level factors (coalition size, fragmentation, and heterogeneity), and conjunctural factors (economic crises and energy prices). It explores these factors with cases of budget tool deployment in Ukraine, Ecuador, and Russia. The Ecuadorean and Russian cases illustrate the divergent effects of resource dependence on the cost of budget tool dependence. Finally, it uses data from MP surveys to show the high value that legislators attribute to budget tools, and to illustrate how the composition of coalitions affects the costs that presidents are likely to face.

scholarly journals Vertical financial disparity, energy prices and emission reduction: Empirical insights from Pakistan

2021 ◽  
Vol 294 ◽  
pp. 112946
Author(s):  
Weiqing Li ◽  
Fengsheng Chien ◽  
Quang-Thanh Ngo ◽  
Tien-Dung Nguyen ◽  
Sajid Iqbal ◽  
...  
Keyword(s):  
Emission Reduction ◽  
Energy Prices

scholarly journals Saving energy in residential buildings: the role of energy pricing

2021 ◽  
Vol 167 (1-2) ◽  
Author(s):  
Jens Ewald ◽  
Thomas Sterner ◽  
Eoin Ó Broin ◽  
Érika Mata
Keyword(s):  
Energy Demand ◽  
Income Elasticity ◽  
Residential Buildings ◽  
Policy Framework ◽  
Energy Prices ◽  
Residential Energy ◽  
Residential Energy Demand ◽  
Long Run ◽  
Zero Carbon

AbstractA zero-carbon society requires dramatic change everywhere including in buildings, a large and politically sensitive sector. Technical possibilities exist but implementation is slow. Policies include many hard-to-evaluate regulations and may suffer from rebound mechanisms. We use dynamic econometric analysis of European macro data for the period 1990–2018 to systematically examine the importance of changes in energy prices and income on residential energy demand. We find a long-run price elasticity of −0.5. The total long-run income elasticity is around 0.9, but if we control for the increase in income that goes towards larger homes and other factors, the income elasticity is 0.2. These findings have practical implications for climate policy and the EU buildings and energy policy framework.

scholarly journals Electricity Markets during the Liberalization: The Case of a European Union Country

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4317
Author(s):  
Štefan Bojnec ◽  
Alan Križaj
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
Renewable Energy Sources ◽  
Primary Energy ◽  
Lessons Learned ◽  
Policy Implications ◽  
Daily Maximum ◽  
Energy Prices ◽  
Electricity Prices ◽  
Electricity Power

This paper analyzes electricity markets in Slovenia during the specific period of market deregulation and price liberalization. The drivers of electricity prices and electricity consumption are investigated. The Slovenian electricity markets are analyzed in relation with the European Energy Exchange (EEX) market. Associations between electricity prices on the one hand, and primary energy prices, variation in air temperature, daily maximum electricity power, and cross-border grid prices on the other hand, are analyzed separately for industrial and household consumers. Monthly data are used in a regression analysis during the period of Slovenia’s electricity market deregulation and price liberalization. Empirical results show that electricity prices achieved in the EEX market were significantly associated with primary energy prices. In Slovenia, the prices for daily maximum electricity power were significantly associated with electricity prices achieved on the EEX market. The increases in electricity prices for households, however, cannot be explained with developments in electricity prices on the EEX market. As the period analyzed is the stage of market deregulation and price liberalization, this can have important policy implications for the countries that still have regulated and monopolized electricity markets. Opening the electricity markets is expected to increase competition and reduce pressures for electricity price increases. However, the experiences and lessons learned among the countries following market deregulation and price liberalization are mixed. For industry, electricity prices affect cost competitiveness, while for households, electricity prices, through expenses, affect their welfare. A competitive and efficient electricity market should balance between suppliers’ and consumers’ market interests. With greening the energy markets and the development of the CO2 emission trading market, it is also important to encourage use of renewable energy sources.

scholarly journals Profitability of Various Energy Supply Systems in Light of Their Different Energy Prices and Climate Conditions

Buildings ◽  
2020 ◽  
Vol 10 (6) ◽  
pp. 100 ◽  
Author(s):  
Elaheh Jalilzadehazhari ◽  
Georgios Pardalis ◽  
Amir Vadiee
Keyword(s):  
Renewable Energy ◽  
Heat Pump ◽  
Energy Supply ◽  
Ground Source Heat Pump ◽  
Energy Prices ◽  
Single Family ◽  
Climate Zones ◽  
Ground Source ◽  
Supply Systems ◽  
Energy Supply Systems

The majority of the single-family houses in Sweden are affected by deteriorations in building envelopes as well as heating, ventilation and air conditioning systems. These dwellings are, therefore, in need of extensive renovation, which provides an excellent opportunity to install renewable energy supply systems to reduce the total energy consumption. The high investment costs of the renewable energy supply systems were previously distinguished as the main barrier in the installation of these systems in Sweden. House-owners should, therefore, compare the profitability of the energy supply systems and select the one, which will allow them to reduce their operational costs. This study analyses the profitability of a ground source heat pump, photovoltaic solar panels and an integrated ground source heat pump with a photovoltaic system, as three energy supply systems for a single-family house in Sweden. The profitability of the supply systems was analysed by calculating the payback period (PBP) and internal rate of return (IRR) for these systems. Three different energy prices, three different interest rates, and two different lifespans were considered when calculating the IRR and PBP. In addition, the profitability of the supply systems was analysed for four Swedish climate zones. The analyses of results show that the ground source heat pump system was the most profitable energy supply system since it provided a short PBP and high IRR in all climate zones when compared with the other energy supply systems. Additionally, results show that increasing the energy price improved the profitability of the supply systems in all climate zones.

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