scholarly journals The Peculiarities of Energy Trade on Digital Platforms Using Unconventional Contract Structures

2020 ◽  
Vol 3 ◽  
pp. 78-84
Author(s):  
Lyubov I. Shevchenko ◽  
◽  
Timur R. Kulakhmetov ◽  
Keyword(s):  
Public Relations ◽  
Electricity Markets ◽  
Energy Transition ◽  
Energy Sector ◽  
Regulatory Framework ◽  
Market Mechanisms ◽  
Digital Platforms ◽  
Energy Trade ◽  
The Impact ◽  
Development Regulation

Digitalization shall spur the development of market mechanisms and competition, especially in retail electricity markets, by making information available to all stakeholders, including regulators and consumers. It will be difficult to implement initiatives to make sure consumer demands are met at all times without studying global practices of using unconventional contract structures in the energy sector and the impact of the energy transition on public relations. At the same time, the absence of an effective regulatory framework that would allow us to take full advantage of unconventional contract structures for their further application in the energy sector can result in technological inferiority in key areas of the smart energy sector in terms of both technology and standardization. As the Russian regulatory framework for the regulation of public relations using unconventional contract structures is still in its infancy, it makes sense to turn our attention to other countries’ distributed generation development regulation practices that gave impetus to change the industry and use digital platforms.

scholarly journals THE PECULIARITIES OF ENERGY TRADE ON DIGITAL PLATFORMS USING UNCONVENTIONAL CONTRACT STRUCTURES

2020 ◽  
Vol 3 ◽  
pp. 22-29
Author(s):  
Lyubov I. Shevchenko ◽  
◽  
Timur R. Kulakhmetov ◽  
Keyword(s):  
Public Relations ◽  
Electricity Markets ◽  
Energy Transition ◽  
Energy Sector ◽  
Regulatory Framework ◽  
Market Mechanisms ◽  
Digital Platforms ◽  
Energy Trade ◽  
The Impact ◽  
Development Regulation

Digitalization shall spur the development of market mechanisms and competition, especially in retail electricity markets, by making information available to all stakeholders, including regulators and consumers. It will be difficult to implement initiatives to make sure consumer demands are met at all times without studying global practices of using unconventional contract structures in the energy sector and the impact of the energy transition on public relations. At the same time, the absence of an effective regulatory framework that would allow us to take full advantage of unconventional contract structures for their further application in the energy sector can result in technological inferiority in key areas of the smart energy sector in terms of both technology and standardization. As the Russian regulatory framework for the regulation of public relations using unconventional contract structures is still in its infancy, it makes sense to turn our attention to other countries’ distributed generation development regulation practices that gave impetus to change the industry and use digital platforms.

Robustness of Norway Economy and Energy Supply/Demand

2017 ◽  
Vol 8 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Alireza Aslani ◽  
Maryam Hamlehdar ◽  
Reza Saeedi
Keyword(s):  
Electricity Markets ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Sector ◽  
Good Choice ◽  
Energy Utilization ◽  
Economic Stability ◽  
High Dependency ◽  
Strategic Role ◽  
The Impact

Energy has a strategic role in the social and economic development of the countries all over the world. Due to the high dependency on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. Norway, as a fossil fuel export country, is a good choice for the analysis of the relationships between the economics robustness and fossil fuel economics fluctuations. While the country is one of the pioneers in the field of sustainable energy utilization, they have tried to provide a robust economic situation for the oil exports revenues. In this article, the effects of energy changes on the economy are investigated in Norway. In this regard, first, the impact of oil price on macro-economic parameters is discussed. Afterwards, the main issues related to the energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, and the electricity markets are discussed.

scholarly journals Sustainable energy transition in Central Asia: status and challenges

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Mirjana Radovanović ◽  
Sanja Filipović ◽  
Andrea Andrejević Panić
Keyword(s):  
Quantitative Analysis ◽  
Central Asia ◽  
Sustainable Energy ◽  
International Energy Agency ◽  
Energy Transition ◽  
Regulatory Framework ◽  
The Other ◽  
Special Importance ◽  
Other Hand ◽  
The Impact

Abstract Background The paper aims at gaining insight into the implementation of the process of sustainable energy transition in the countries of Central Asia: Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. Information and scientific studies on the situation in these countries is scarce. On the other hand, these are resource-rich countries, some are exporters, and all are energy transit countries. The main aim of the paper was realized by applying the energy policies and regulatory framework analysis, defining priorities and monitoring selected indicators prescribed by the International Energy Agency. Methods The following methods were used in the quantitative analysis: measurement of data intercorrelation; Pearson test of correlation; principal component analysis (with rotation method: Oblimin with Kaiser normalization); Kaiser–Meyer–Olkin measure of sampling adequacy, Bartlett’s test of sphericity and t-test. The period covered by the quantitative analysis: 1990–2018, provided that the available data for 2019 or 2020 were used in certain cases. Results Sustainable energy transition is, at the analysis of policies and data, at a low level. There is no adequate regulatory framework in these countries. The energy transition takes place exclusively within the framework of providing enough energy, without regard to sustainability, while even energy exporting countries are not making efforts to achieve a sustainable energy transition. Conclusions There are no indications that the energy transition in the countries of Central Asia will take place according to the standards of the European Union or global bodies. On the other hand, having in mind the natural resources of the mentioned countries and the specific geopolitical position, monitoring the changes is of special importance. The impact of changes on sustainability can be determined mainly ex post.

Tanzania mining reforms set stage for new negotiations

2017 ◽  
Keyword(s):  
Energy Sector ◽  
Regulatory Framework ◽  
Extractive Industries ◽  
Mining Operations ◽  
Content Type ◽  
National Assembly ◽  
The Impact

Significance Earlier in July, the National Assembly passed three bills overhauling the regulatory framework for the extractive industries. Together, they constitute an attempt to squeeze additional revenue from mining operations. Impacts The president’s assertive stance will strengthen his domestic political standing. The regulations may create new domestic patronage opportunities. The impact on the energy sector will be moderated by its greater value.

scholarly journals FACTORS OF SUSTAINABLE ENERGY TRANSFORMATIONS MANAGEMENT IN THE UKRAINIAN ENERGY SECTOR

2020 ◽  
pp. 149-155
Author(s):  
U. Pysmenna ◽  
G. Trypolska ◽  
T. Kurbatova ◽  
O. Kubatko
Keyword(s):  
Sustainable Development ◽  
Power Plants ◽  
Sustainable Energy ◽  
Energy Transition ◽  
Energy System ◽  
Energy Sector ◽  
Transition Management ◽  
Energy Sustainability ◽  
Energy Transitions ◽  
The Impact

The article considers the preconditions for sustainable development of the energy sector from the standpoint of political and economic basis of energy transitions, actualizes and reveals the scientific problem of the impact of socio-technical transitions, in particular energy, on economic sustainability. It is determined that the task of assessing the efficiency of the energy system as a set of criteria for achieving a compromise of interests, stability and reliability of energy markets is best solved by assessing energy sustainability. Problems and ways to intensify the use of energy policy levers to promote sustainable energy transitions have been identified. It is determined that with the help of sustainable energy transitions the state is able to overcome its own inefficiency of energy conversion and consumption and to demonstrate the phenomenon of decoupling (economic growth without significant growth of energy consumption). Energy policies and strategies as means of energy transition management are considered: creation of preconditions for their occurrence; acceleration / deceleration, support of current transittions; minimization of negative external factors and social factors of vulnerability to changes in socio-technical regimes; maintaining an optimal energy balance. A deeper understanding of the process of energy transition management, vulnerability of energy systems under their influence has been achieved. Three key factors of energy transition management in order to strengthen the level of energy sustainability and ensure sustainable development of the economy: the course (flow) of transitions, the vulnerability of the economic system under their influence and the level of sustainability of energy transitions. Effective management of such transitions with the help of these factors can be a guarantee of sustainable development not only of the energy sector but also of the economy as a whole and create the conditions for its transition to a sustainable and circular type of development. The management of energy transitions in the energy sector of Ukraine is analyzed on the example of diversification of electricity supply through the operation of small solar power plants in private households.

Analysis of the Robustness of Norway's Economy and Energy Supply/Demand Fluctuations

2019 ◽  
pp. 215-241
Author(s):  
Maryam Hamledar ◽  
Reza Saeidi ◽  
Alireza Aslani
Keyword(s):  
Electricity Markets ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Sector ◽  
Good Choice ◽  
Energy Utilization ◽  
Economic Stability ◽  
High Dependency ◽  
Oil Export ◽  
The Impact

The high dependency on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policymakers and researchers. Norway, as a fossil fuel exporting country, is a good choice for the analysis of the relationships between economic robustness and fossil fuel economic fluctuations. While the country is one of the pioneers in the field of sustainable energy utilization, they have tried to provide a robust economic environment for oil export revenues. In this chapter, the impacts of energy changes on the economy are investigated in Norway. In this regard, first, the impact of oil prices on macro-economic parameters is discussed. Afterwards, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, and the electricity markets are discussed.

scholarly journals Analysis of the Robustness of Australia Economy and Energy Supply/Demand Fluctuation

2017 ◽  
Vol 11 (2) ◽  
pp. 35-48 ◽  
Author(s):  
Alireza Aslani ◽  
Mohsen Rezaee ◽  
Seyed Mostafa Mortazavi
Keyword(s):  
Electricity Markets ◽  
Energy Supply ◽  
Fossil Fuels ◽  
Energy Sector ◽  
Energy Prices ◽  
Economic Stability ◽  
Policy Makers ◽  
High Dependency ◽  
Strategic Role ◽  
The Impact

Abstract Energy has a strategic role in social and economic development of the countries. Due to the high dependency of energy supply to fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. As the competitiveness of Australia products/services has high dependency on energy prices, analyzing the relationships of economics robustness with fossil fuel fluctuations is important for the policy makers and researchers. In this paper, the researchers investigate the effects of energy changes on Australian economics. In this regard, first, the impact of oil price on macro-economic parameters is discussed. After that, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, electricity markets are discussed.

Robustness of US Economy and Energy Supply/Demand Fluctuations

2017 ◽  
Vol 6 (4) ◽  
pp. 1-15 ◽  
Author(s):  
Alireza Aslani ◽  
Morteza Niknejad ◽  
Amin Maghami
Keyword(s):  
Electricity Markets ◽  
Energy Supply ◽  
Fossil Fuels ◽  
Energy Sector ◽  
Energy Utilization ◽  
Energy Prices ◽  
High Dependency ◽  
The Us ◽  
Demand Fluctuations ◽  
The Impact

Energy has a strategic role in social and economic development of the countries. Due to the high dependency of energy supply on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. The US, as the first energy consumer in the world, is an interesting country to analyze the relationships of economics robustness with fossil fuel economic-fluctuations. While the country has one of the pioneers in domestic energy utilization, the competitiveness of the country is highly dependent on energy prices. In this paper, the researchers investigate the effects of energy changes on the economics of the US. First, the impact of oil price on macro-economic parameters is discussed. After that, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, electricity markets are discussed.

scholarly journals The Impact of Independent Supervisory Boards on Transformations in the Energy Sector: Results of an International Longitudinal Study

Energies ◽  
2021 ◽  
Vol 14 (17) ◽  
pp. 5293
Author(s):  
Dmytro Osiichuk ◽  
Mirosław Wasilewski ◽  
Serhiy Zabolotnyy
Keyword(s):  
Energy Use ◽  
Supervisory Board ◽  
Binary Logistic Regression ◽  
Energy Transition ◽  
Energy Sector ◽  
Binary Logistic Regression Analysis ◽  
Board Independence ◽  
Firm Level ◽  
Energy Companies ◽  
The Impact

The paper aims at establishing an associative link between supervisory board members’ independence and the dynamics of environmental policy transformations in the energy sector. To that end, we apply static panel models and binary logistic regression analysis to an international sample of 358 energy companies observed over the period between 1990 and 2020. Our empirical results point to a lack of any persistent link between board independence and energy transition after controlling for country-specific effects and firm-level financials. Although firms with a higher percentage of independent directors on boards are more likely to set emission targets and implement resource reduction policies, they are simultaneously more likely to be involved in environmental controversies and increase coal output. They are also significantly less likely to enforce an energy efficiency policy. No significant link is found between board independence and environmental expenditures, CO2 equivalent emissions, and renewable energy use by energy companies. Overall, despite the widespread expectation that independent boards will accelerate energy transition, empirical evidence suggests that they are more likely to maintain the status quo. Delving into the problem of incentives in the energy sector, we find that executive compensations and corporate profitability exhibit a persistent positive link with CO2 emissions.

scholarly journals Public value tensions for Dutch DSOs in times of energy transition

2017 ◽  
Vol 18 (1-2) ◽  
pp. 132-149 ◽  
Author(s):  
Marga Edens
Keyword(s):  
Distribution System ◽  
Social Acceptance ◽  
Public Support ◽  
Energy Transition ◽  
Daily Practice ◽  
Energy Sector ◽  
Public Values ◽  
Public Value ◽  
The Impact ◽  
Current Energy

This article centres around two concepts: public values and regulatory disconnection. It provides a study of the potential tensions Dutch distribution system operators (DSOs) encounter in their role as safeguarders of energy sector public values. The article elaborates how these public values tensions can be traced back to current energy sector legislation not being able to keep up with the energy transition. DSOs have the statutory task of safeguarding public values (understood as ‘properties of utility services’), such as availability, affordability and safety. They are expected to safeguard these public values in such a way that a certain balance between them is maintained. Based on interviews with Dutch sector representatives and an expert panel survey, we show that DSOs do strive for a balance between public values, but that the energy transition makes achieving it more difficult. Three cases were selected where DSOs apparently struggle. We find that the energy sector legislation DSOs have to comply with in these cases does not always account for the impact of the energy transition, thus constituting a regulatory disconnection. The discrepancy between the legislator’s and DSO’s intentions and the DSO’s daily practice would suggest additional research into mechanisms that may facilitate DSOs in conducting a more explicit trade-off, which would produce a public value treatment that is sustainable in terms of social acceptance. This would help secure the energy transition its much needed public support.

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