Restructuring European electricity markets – A panel data analysis

Dynamic Panel Data Analysis Of European Tourism Demand In Malaysia

Multiscale Analysis of European Electricity Markets

Electricity is considered a new commodity, mainly since the start of the electricity markets liberalization. However it represents an increasingly important sector of trading and as such a challenging area of research. Here we focus on the role of electricity power exchanges for the creation of a single European electricity market, on a di¤erent empirical perspective. We use daily power exchang...

Environmental Regulation in Oligopoly Markets: A Study of Electricity Restructuring

Electricity restructuring o®ers the potential for more e±cient production and investment, but may create the opportunity for producers to exercise market power. Oligopolists may cause deadweight loss in wholesale electricity markets, even when demand is perfectly inelastic, by inducing cross̄rm production ine±ciencies. This study estimates the environmental implications of production ine±ciencie...

Electricity Demand in MENA Countries: A Panel Cointegration Analysis

Abstract In this study, we applied recently developed panel unit root and cointegration techniques to examine the long-run real income per capita and price elasticities for demand of electricity in selected Middle East and North African (MENA) countries using an annual data series from 1990 to 2011.Our main finding from the panel analysis is that the demand for electricity is highly price ela...

The Trouble With Electricity Markets: Understanding California's Restructuring Disaster

S tarting in June 2000, California’s wholesale electricity prices increased to unprecedented levels. The June 2000 average of $143 per megawatt-hour (MWh) was more than twice as high as in any previous month since the market opened in April 1998. These high prices produced enormous proŽ ts for generating companies and Žnancial crises for the regulated utilities that were required to buy power i...