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Energy Economics and Environmental Policy in the Electricity Market

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (31 March 2023) | Viewed by 5347

Special Issue Editor


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Guest Editor
Faculty of Management, University of Primorska, Izolska Vrata 2, SI-6101 Koper-Capodistria, Slovenia
Interests: energy markets; efficiency; energy economics; energy policy; energy management; corporate social responsibility; socially responsible investing; food and energy economics; sustainable energy development
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Special Issue Information

Dear Colleagues,

The electricity markets experience large volatility and instabilities in prices. Different drivers on the supply and demand sides can explain these volatilities in different periods.

This Special Issue invites articles that investigate environmental policy in the electricity market and different drivers of volatilities in the energy and electricity markets. Consequently, different country and cross-country studies are welcome addressing environmental policy and functioning of electricity markets at producer, wholesale, and retail levels, as well as in international cross-border trade and energy exchange markets.

The environmental policy, development, and functioning of electricity markets are important for the sector sustainability, revenues of suppliers, and for expenditures of different structures of consumers in households, and costs in industry and public utilities, which can be addressed by different empirical evidence and research methods.

Based on the analysis of changes and evolution in the development of environmental policy and the electricity market, implications can be derived for science and further research, sustainability, competition and other government policies, and managerial and consumer practices.

Prof. Dr. Štefan Bojnec
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • environmental policy in the electricity market
  • electricity market volatilities
  • electricity prices
  • electricity market functioning
  • drivers of supply and demand for electricity
  • electricity market liberalization and sustainability
  • development of electricity markets and mark-up

Published Papers (2 papers)

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Research

21 pages, 795 KiB  
Article
Climate Change, Exchange Rate, Twin Deficit, and Energy Inflation: Application of VAR Model
by Shazia Kousar, Saeed Ahmad Sabir, Farhan Ahmed and Štefan Bojnec
Energies 2022, 15(20), 7663; https://0-doi-org.brum.beds.ac.uk/10.3390/en15207663 - 17 Oct 2022
Cited by 7 | Viewed by 1811
Abstract
The motivation behind the study is continuous fluctuations in energy prices in Pakistan, so this study aims to investigate the role of a twin deficit, urbanization, climate change, energy production from oil and gas, and the exchange rate in energy inflation. This study [...] Read more.
The motivation behind the study is continuous fluctuations in energy prices in Pakistan, so this study aims to investigate the role of a twin deficit, urbanization, climate change, energy production from oil and gas, and the exchange rate in energy inflation. This study utilized oil prices and electricity prices to capture energy inflation using time series data from 1972 to 2021, from World Development Indicators (WDI) and the Census of Electricity Establishment (CEE). This study utilized the vector auto-regressive (VAR) model to investigate the short-run and long-run estimates. This study found that the twin deficit and the exchange rate have a significant and positive association with energy inflation. However, the size impact of the twin deficit is greater on oil prices as compared to electricity prices. Furthermore, urbanization, climate change, and energy production from oil and gas have a positive and significant long-run association with electricity prices. Moreover, the results of the variance decomposition test indicate that the relative contribution of the budget deficit in electricity prices (Model 1) is greater than other modeled variables, while the relative contribution of the budget deficit and climate change is greater in oil prices (Model 2), as compared to other exogenous variables. This study helps policymakers to devise policies to control energy inflation, which affects the well-being of society. Full article
(This article belongs to the Special Issue Energy Economics and Environmental Policy in the Electricity Market)
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23 pages, 564 KiB  
Article
Testing the Pollution Haven Hypothesis with the Role of Foreign Direct Investments and Total Energy Consumption
by Vishal Dagar, Farhan Ahmed, Farah Waheed, Štefan Bojnec, Muhammad Kamran Khan and Sana Shaikh
Energies 2022, 15(11), 4046; https://0-doi-org.brum.beds.ac.uk/10.3390/en15114046 - 31 May 2022
Cited by 28 | Viewed by 2810
Abstract
The main objective of this study was to examine the nonlinear relationship between environmental deterioration and foreign direct investment for subpanels based on the country’s income level. In this study, the model’s determinants were total consumption of energy and electricity consumption, the share [...] Read more.
The main objective of this study was to examine the nonlinear relationship between environmental deterioration and foreign direct investment for subpanels based on the country’s income level. In this study, the model’s determinants were total consumption of energy and electricity consumption, the share of renewable energy, and economic growth. Due to the observation of cross-sectional dependence, utilization of cointegration tests and panel data unit root were incorporated, which confirmed a mixed integration order. For the compliance of long-run and short-run relationships among the variables, a pooled mean group estimator panel auto-regressive distributed lag approach was incorporated. The results of long-run development support the pollution haven hypothesis; hence, ecological footprint is increased by the activities related to foreign direct investments. The obtained findings depend on the different subpanels based on the income level of countries. For the assurance of economic development sustainability in the energy sector, along with the electrical energy sector, customized policymaking is suggested by this study based on the particulars of each subpanel. Full article
(This article belongs to the Special Issue Energy Economics and Environmental Policy in the Electricity Market)
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