This paper investigates price volatility and spillover effects in the Nordic electricity wholesale markets, comprising Sweden, Finland, Denmark, and Norway. Utilizing both the Time-Varying Parameter Vector Autoregressive (TVP-VAR) and Rolling Window-based VAR (RW-VAR) approaches, we analyze the...

Fuel price caps are one of the potential regulatory tools for controlling wholesale electricity prices when fuel prices are volatile. In this paper, we introduce a theoretical model to study the effects of such caps on firms’ bidding behavior and clearing prices in spot market auctions. We...

Against the backdrop of the Covid-19 pandemic, this study explores the hedging and safe-haven potential of green bonds for conventional equity, fixed income, commodity, and forex investments. We use the cross-quantilogram approach that provides a better understanding of the dynamic relationship...

Uneven electrification can be a source of welfare disparity. Given the recent progress of electrification in India, we analyze the differences in access and reliability of electricity, and its impact on household welfare for marginalized and dominant social groups by caste and religion. We carry...

This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static...

Access to reliable energy is central to improvements in living standards and is a recognized Sustainable Development Goal. This study moves beyond counting the electrified households and examines the effect of the hours of electricity households receives on their welfare. We hypothesize that...

Indonesia has a target of achieving 23% of renewable energy share in total energy mix in 2025. However, as commonly observed across developing economies, Indonesia also does not have accurate and comprehensive database of renewable energy potentials, especially wind energy. Therefore, this...

This study examines the effects of the rule of law on carbon-dioxide emissions using a large sample of countries for over a century. In principle, the turning point of the Environmental Kuznets Curve (EKC) is compared for a range of countries lying between autocracy and democracy. Using decadal...

This paper assesses ethnic differences for four energy outcomes using a survey of 6,000 households in Nepal. These four outcomes are avoiding open wick lamps, having a solar lighting system, living in a neighbourhood with street lighting, and having a connection to the national grid. We find...

We examine the risk transmission mechanisms in the interconnected Australian National Electricity Market (NEM). We illustrate that the transmission of extreme events in terms of their magnitude (via skewness) and the likelihood of their occurrence (via kurtosis) should be considered when...