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China's electricity market restructuring and technology mandates: Plant-level evidence for changing operational efficiency

Ma, Chunbo; Zhao, Xiaoli - In: Energy Economics 47 (2015) C, pp. 227-237

China's electricity sector has experienced substantial efficiency improvement during the last one and a half decades. The recent literature has mostly attributed the efficiency improvement to the 2002 unbundling reform with little attention paid to the large scale retrofitting process introduced...

Persistent link: https://www.econbiz.de/10011189284

Deregulation, vertical unbundling and the performance of China's large coal-fired power plants

Zhao, Xiaoli; Ma, Chunbo - In: Energy Economics 40 (2013) C, pp. 474-483

In 2003, China's integrated electricity utility – the State Power Corporation (SPC) – was unbundled and dismantled into five generation groups and two grid companies in an effort to increase competition and improve efficiency. In this paper, we study the impact of this deregulation reform on...

Persistent link: https://www.econbiz.de/10010868793

Access to natural gas storage facilities: Strategic and regulation issues

Baranes, Edmond; Mirabel, François; Poudou, Jean-Christophe - In: Energy Economics 41 (2014) C, pp. 19-32

In this paper, we analyze the strategic function of gas storage focusing on how gas storage decisions impact … that gas storage is actually used strategically even in a symmetric oligopolistic setting along the gas value chain …. Storage is then a way to intensify competition on the spot market. Second, we analyze the setting where a company has favored …

Persistent link: https://www.econbiz.de/10010729334

Marginal Reductions in Vehicle Emissions Under a Dual-Blend Ethanol Mandate : Evidence from a Natural Experiment

Noel, Michael - 2020

Among the many reasons policy makers across the world have sought to supplement fuel supplies with ethanol-blended fuels are the cited environmental benefits that come with replacing a fossil-fuel with a cleaner burning alternative. Dual-blend ethanol mandates, in which multiple ethanol blends...

Persistent link: https://www.econbiz.de/10012827402

LNG is linking regional natural gas markets: Evidence from the gravity model

Barnes, Ryan; Bosworth, Ryan - In: Energy Economics 47 (2015) C, pp. 11-17

Evidence exists that global natural gas markets have become more integrated over time. One possible explanation for this increased level of integration is that increased liquefied natural gas trade has increased the opportunity for price arbitrage by decreasing transport costs. If this...

Persistent link: https://www.econbiz.de/10011189299

What drives natural gas prices? — A structural VAR approach

Nick, Sebastian; Thoenes, Stefan - In: Energy Economics 45 (2014) C, pp. 517-527

Russian exports in February 2012. Our results show that the natural gas price is affected by temperature, storage and supply …

Persistent link: https://www.econbiz.de/10011039622

Dependence and extreme dependence of crude oil and natural gas prices with applications to risk management

Aloui, Riadh; Aïssa, Mohamed Safouane Ben; Hammoudeh, … - In: Energy Economics 42 (2014) C, pp. 332-342

In this article, we show how the copula-GARCH approach can be appropriately used to investigate the conditional dependence structure between the crude oil and natural gas markets as well as to derive implications for portfolio risk management in extreme economic conditions. Using daily price...

Persistent link: https://www.econbiz.de/10011039677

Bidirectional causality in oil and gas markets

Halova Wolfe, Marketa; Rosenman, Robert - In: Energy Economics 42 (2014) C, pp. 325-331

Do events in the natural gas market cause repercussions in the crude oil market? This paper studies linkages between the two markets using high-frequency, intraday oil and gas futures prices. By analyzing the effect of weekly oil and gas inventory announcements on price volatility, we show a...

Persistent link: https://www.econbiz.de/10010752933

Scenarios for Russia's natural gas exports to 2050

Paltsev, Sergey - In: Energy Economics 42 (2014) C, pp. 262-270

Russia is an important energy supplier as it holds the world's largest natural gas reserves and it is the world's largest exporter of natural gas. Despite a recent reduction in Russia's exports to Europe, it plans to build new pipelines. We explore the long-term (up to 2050) scenarios of Russian...

Persistent link: https://www.econbiz.de/10010752936

Gas release and transport capacity investment as instruments to foster competition in gas markets

Chaton, Corinne; Gasmi, Farid; Guillerminet, Marie-Laure; … - In: Energy Economics 34 (2012) 5, pp. 1251-1258

Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....

Persistent link: https://www.econbiz.de/10011039531