WorldWideScience

Sample records for european energy market

  1. EU Energy Policy and Future European Energy Markets: Consequences for the Central and East European States

    OpenAIRE

    Margarita M. Balmaceda

    2002-01-01

    This working paper explores the European Union vector in the Central and East European (CEE) energy situation, in particular in terms of the CEE countries' energy relationship with Russia. Attention is paid not only to concrete EU energy policies but also to the larger question of European energy markets. EU policies impact the CEE states' energy relationship with Russia through specific EU requirements vis-à-vis the candidate countries, through the side-effects of other EU policies, through ...

  2. Roadmap towards a competitive European energy market

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2010-10-15

    With the financial crisis evolving into a severe, global economic recession, there have been growing doubts over whether energy markets can continue to operate efficiently under present conditions or whether the shift to non-market mechanisms would be a better choice. This question remains an ongoing source of debate in the recently liberalised electricity sector. Textbook wisdom says that the market is the most efficient place to allocate financial means for investments. Therefore, during a period of a crisis, it should follow that we actually need more market mechanisms, not fewer, if we want to stimulate investments in an economically efficient way. Regulated electricity prices and nationalistic thinking will not help to solve Europe's electricity challenges with regards to either the generation or the transportation of electricity.

  3. Financing Renewable Energy in the European Energy Market

    Energy Technology Data Exchange (ETDEWEB)

    De Jager, D.; Klessmann, C.; Stricker, E.; Winkel, T.; De Visser, E.; Koper, M. [Ecofys, Utrecht (Netherlands); Ragwitz, M.; Held, A. [Fraunhofer ISI, Karlsruhe (Germany); Resch, G.; Busch, S.; Panzer, C. [Energy Economics Group EEG, Vienna University of Technology, Vienna (Austria); Gazzo, A.; Roulleau, T.; Gousseland, P.; Henriet, M.; Bouille, A. [Ernst and Young, London (United Kingdom)

    2011-01-15

    The Directive 2009/28/EC on the promotion of the use of energy from renewable sources (RES) sets the overall target to reach 20% renewable energy in gross final energy consumption in 2020. This target is broken down into binding individual Member State targets. Reaching these targets will require a huge mobilization of investments in renewable energies in the coming decade. In order to improve financing and coordination with a view to the achievement of the 20 % target, Article 23 (7) of the Directive requires the Commission to present an analysis and action plan with a view to: (a) The better use of structural funds and framework programmes; (b) The better and increased use of funds from the European Investment Bank and other public finance institutions; (c) Better access to risk capital; (d) The better coordination of Community and national funding and other forms of support; (e) The better coordination in support of renewable energy initiatives whose success depends on action by actors in several Member States. This report presents the results of the title project. The study provides an up to date and thorough assessment of the costs of renewable energy and the support and financing instruments available for renewable energy R and D, demonstration projects and large-scale deployment. This includes details of each Member State's expenditure (via grants, support schemes, loans etc.) and use of Community funds, including loans of the EIB (European Investment Bank) and the EBRD (European Bank for Reconstruction and Development). It also explores the possible instruments for use in the future and constraints in the capital market, which hinder the development of renewable energy. Finally, it develops recommendations for improving financing and support instruments, improving the sector's access to capital, and closing the financing gap for reaching the 2020 targets. The chapters of the report represent separate tasks: (1) Costs of renewable energy

  4. Shale gas. Opportunities and challenges for European energy markets

    Energy Technology Data Exchange (ETDEWEB)

    De Joode, J.; Plomp, A.J.; Ozdemir, O. [ECN Policy Studies, Petten (Netherlands)

    2013-02-15

    The outline of the presentation shows the following elements: Introduction (Shale gas revolution in US and the situation in the EU); What could be the impact of potential shale gas developments on the European gas market?; How may shale gas developments affect the role of gas in the transition of the power sector?; and Key messages. The key messages are (1) Prospects for European shale gas widely differ from US case (different reserve potential, different competition, different market dynamics); (2) Shale gas is unlikely to be a game changer in Europe; and (3) Impact of shale gas on energy transition in the medium and long term crucially depends on gas vs. coal prices and the 'penalty' on CO2 emissions.

  5. European Electricity Market and EU Members'Energy Policies

    OpenAIRE

    Veselý, Aleš

    2012-01-01

    The main focus of this thesis is to find out what factors have the biggest influence on the price of electricity for household consumers in the European Union in the context of creating the internal electricity market in the EU. By means of the cluster analysis six EU Member States have been selected according to the following criteria: electricity consumption, electricity production, and the price of electricity. As a result of that Belgium, the Czech Republic, Estonia, Hungary, Malta and Sw...

  6. Market integration of local energy systems: Is local energy management compatible with European regulation for retail competition?

    NARCIS (Netherlands)

    Eid, C.; Bollinger, L.A.; Koirala, B.P.; Scholten, D.J.; Facchinetti, E.; Lilliestam, J.; Hakvoort, R.A.

    2016-01-01

    The growing penetration of distributed energy resources is opening up opportunities for local energy management (LEM) – the coordination of decentralized energy supply, storage, transport, conversion and consumption within a given geographical area. Because European electricity market liberalization

  7. Energy efficiency and performance indicators of European electricity market

    Directory of Open Access Journals (Sweden)

    Constantin DUGULEANĂ

    2015-06-01

    Full Text Available The electric power system plays a vital role in the development of every country, ensuring the “fuel” which feeds its economic motor. The efficient functioning of this motor is essential for economy. The efficiency and the performances of electric power systems are reflected on the living level of population, through the money spent and the satisfaction level of their needs. The continuity of power distribution process, the good communication between the suppliers and consumers, the promptitude of interventions, the environment protection - all these are aspects characterizing the performance level of power distribution systems. The paper analyzes the evolution of quality indicators of power distribution systems both for countries’ level and for population on European market of electricity.

  8. Price determinants of the European carbon market and interactions with energy markets

    Energy Technology Data Exchange (ETDEWEB)

    Schumacher, Katja; Cludius, Johanna; Matthes, Felix [Oeko Institut e.V., Berlin (Germany); Diekmann, Jochen; Zaklan, Aleksandar [Deutsches Institut fuer Wirtschaftsforschung, Berlin (Germany); Schleich, Joachim [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany)

    2012-06-15

    This report explores the determinants of short run price movements in the carbon market and their interaction with energy markets, in particular with the electricity market. Focusing on Phase 2 of the EU ETS we conduct econometric time series analysis based on continental EU and UK market data. Our findings suggest that market fundamentals have a dominant effect on the EUA price, but that non-fundamental factors may also play a role. We further found that the electricity price has a significant positive impact on the carbon price in the short run.

  9. International Rivalry In The Energy Sector: The Eastern European Market Of Atomic Energy In Focus

    Directory of Open Access Journals (Sweden)

    Y. V. Borovsky

    2017-01-01

    Full Text Available In the post-bipolar world nuclear power has become one of the areas of competition and rivalry betweenRussiaand the West. The comprehensive analysis of theoretical publications allows us to consider international competition as an abstract, depoliticized contest of states and other international actors (including companies for some limited (mainly economic benefits. International rivalry is more a political process, necessarily involving some rival pairs of states (or groups of states that compete with each other not only to get some benefits, but to expand their territory or power. The competition and rivalry betweenRussiaand the West in the sphere of nuclear power are especially apparent in the Eastern European region where the American, European and Japanese corporations, with the support of the Western foreign ministries and EU institutions, try to achieve two main goals. The first goal is to win the contracts to build new power units, especially in tenders where Rosatom participates. The second goal is to become suppliers of nuclear fuel for multiple Russian- or Soviet-made VVER-type reactors, which are functioning or will be run in a number of countries in the region (Slovakia,CzechRepublic,Hungary,Bulgaria, andUkraine. Such activities can involve high risks. The West’s efforts to curb the dominant position of "Rosatom" inEastern Europeare formally associated with the need to create a "competitive market" of nuclear services in the region and to ensure the European energy security. It is also noteworthy that the expansion of Rosatom (and its predecessors to foreign markets, including Eastern Europe, is actively supported by the Russian state which in the second half of the 1990s – after a failed attempt of following in the footsteps of the West – joined in the rivalry, mostly imposed by the U.S. and their allies. As shown by the analysis,Russiaand the West, primarily theUnited States, are involved in the nuclear power sector to

  10. The political importance of energy cooperation between Germany and Denmark on the European Union energy market

    Directory of Open Access Journals (Sweden)

    Ruszel Mariusz

    2016-01-01

    Full Text Available Denmark and Germany have similar goals of energy transition. Both states are going to implement a policy that is aimed at the transition from a fossil fuel-based system towards a renewable energy system with variable renewables generation. The main objective of the German energy transition is to cover more than 80% of the energy consumption with renewables by 2050. For comparison, Denmark is going to build a fossil fuel-free system, which would be able to cover 100% of energy consumption with renewables by 2050. To this end, stronger cooperation between Germany and Denmark could enhance the position of both countries on the EU energy market. The main aim of this paper is to analyse the impact of the energy cooperation between Germany and Denmark. It is crucial to answer the question of how both states could build a stronger energy position and which tools would be useful in this regard. Denmark is the world’s leader in the deployment of wind power, which is also implemented in the northern part of Germany. For this reason, both states have similar challenges with respect to the stabilisation of electricity systems. The current and prospective integration of energy systems of both countries is also important for the improvement of energy security. It is also crucial to answer the questions whether the energy integration will have political implications for both countries, and whether stronger energy cooperation between Germany and Denmark will strengthen the competitive advantage of German economy in the EU.

  11. Stepping stones to significant market shares for renewables. The European forum for market players and decision makers in the renewable energy industry

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    This invitation to a two-day European Forum for market players and decision makers in the renewable energy business lists the presentations made at the conference in 2007. The programme included contributions in the following areas: Policies and market deployment initiatives, market trends and experience - from support schemes to market experience, opportunities in a changing framework in Switzerland, instruments and infrastructure requirements - how to make the market work and supply and demand aspects of a growing market. The conference examined how renewable forms of energy can gain significant market shares and reach a quota of 50% renewables in 50 years. The first session examined policies and market deployment initiatives, the second market trends and experiences, the third opportunities for Switzerland in a changing framework. The second day featured sessions on instruments and infrastructure requirements as well as on supply and demand aspects in a growing market. The conference was complemented with four workshops.

  12. RE-Shaping. Shaping an effective and efficient European renewable energy market. D23 Final Report

    Energy Technology Data Exchange (ETDEWEB)

    Rathmann, M.; Klessmann, C.; Nabe, C.; De Jager, D.; De Lovinfosse, I. [Ecofys, Utrecht (Netherlands); Ragwitz, M.; Steinhilber, S.; Breitschopf, B. [Fraunhofer Institute for Systems and Innovation Research ISI, Karlsruhe (Germany); Burgers, J.; Boots, M. [KEMA, Arnhem (Netherlands); Weoeres, B. [EnergoBanking, Budapest (Hungary); Resch, G.; Panzer, C.; Ortner, A.; Busch, S. [Vienna University of Technology, Institute of Energy Systems and Electric Drives, Energy Economics Group EEG, Vienna (Austria); Neuhoff, K.; Boyd, R. [Climate Policy Initiative, German Institute for Economic Research (DIW Berlin), Berlin (Germany); Junginger, M.; Hoefnagels, R. [Utrecht University, Utrecht (Netherlands); Cusumano, N.; Lorenzoni, A. [Bocconi University, Milan (Italy); Konstantinaviciute, I. [Lithuanian Energy Institute LEI, Kaunas (Lithuania)

    2012-02-15

    The core objective of the RE-Shaping project is to assist Member State governments in preparing for the implementation of Directive 2009/28/EC (on the promotion of the use of energy from renewable sources) and to guide a European policy for RES (renewable energy sources) in the mid- to long term. The past and present success of policies for renewable energies will be evaluated and recommendations derived to improve future RES support schemes. The core content of this collaborative research activity comprises: Developing a comprehensive policy background for RES support instruments; Providing the European Commission and Member States with scientifically based and statistically robust indicators to measure the success of currently implemented RES policies; Proposing innovative financing schemes for lower costs and better capital availability in RES financing; Initiation of National Policy Processes which attempt to stimulate debate and offer key stakeholders a meeting place to set and implement RES targets as well as options to improve the national policies fostering RES market penetration; Assessing options to coordinate or even gradually harmonize national RES policy approaches. This report marks the end of the research project RE-Shaping and summarizes its research activities, results, and recommendations.

  13. Priority for import capacity. The fear of the European Union for a free European energy market; Voorrang aan importcapaciteit. Brussel vreest werking vrije Europese markt

    Energy Technology Data Exchange (ETDEWEB)

    Roggen, M. (ed.)

    2002-05-01

    Brussels (the seat of the European Union in Belgium) is worried about the performance of the liberalized European energy market. The natural gas and electricity networks are suffering from chronic congestion. Some areas are largely or even entirely cut off from the European energy infrastructure. Those problems must be addressed to realize the internal market. A package of reforms has been put forward by the European Commission the end of 2001 and 12 priority projects are identified and briefly discussed in this article. [Dutch] Brussel vreest dat een vrije Europese markt niet goed zal werken als grensoverschrijdende knelpunten met de transportcapaciteit voor aardgas en elektriciteit niet opgelost worden en geisoleerde landen geen adequate toegang krijgen met het buitenland. Eind 2001 heeft de Europese Commissie een pakket maatreglen voor de energie-infrastructuur voorgesteld. Twaalf projecten van Europees belang krijgen prioriteit.

  14. European energy markets integration and its effects on prices and efficiency of electricity producing firms

    OpenAIRE

    Armada Ramírez, Ferran

    2016-01-01

    [eng] In this work we investigate the effect of energy (electricity) market integration in Europe and its effects on electricity prices and efficiency improvements in electricity producing firms. We first describe at detail the electricity sector, the role of electricity markets, the main characteristics of electricity as a commodity as well as the main features of this particular and strategic sector, we speak about the evolution of consumption of electricity in developed countries and parti...

  15. Time-varying dependency in European energy markets: an analysis of Nord Pool, European Energy Exchange and Intercontinental Exchange energy commodities

    OpenAIRE

    Veka, Steinar; Lien, Gudbrand; Westgaard, Sjur; Higgs, Helen

    2012-01-01

    In this paper we investigate the extent to which the price of Nordic electricity derivatives correlates with European Energy Exchange (EEX) and Intercontinental Exchange (ICE) electricity contracts. We also include their price correlation with ICE gas, Brent crude oil, coal and carbon emission contracts. Using multivariate generalized autoregressive conditional heteroskedasticity models, we find significant time-varying relationships between all of the energy commodities included in the analy...

  16. The political economy of energy use and pollution: the environmental effects of East-European transition to market economy

    Energy Technology Data Exchange (ETDEWEB)

    Midttun, A.; Chander, I. [Norwegian School of Management, Sandvicka (Norway)

    1998-11-01

    The transition of Eastern Europe to Western-type liberal capitalism has been interpreted as an important step towards a more ecologically sustainable Europe. The main argument has been that the energy efficiency of the West-European economy will be imported to Eastern Europe and lead to lower energy consumption and lower pollution. This line of argumentation seems sound as far as the industrial sector is concerned. However, it does not take into consideration the energy and pollution bill of the lavish lifestyle of modern consumer-oriented societies. A shift away from the moderate private consumption of East-European Communism, towards the Western consumerist lifestyle may diminish or even abolish the positive ecological effects of the East-European transition to a competitive market economy. The article explores energy consumption and pollution patterns of Eastern and Western Europe both as far as industrial and domestic end-user consumption is concerned. The article argues that these patterns are related to basic characteristics of the communist and capitalist systems and that pollution and energy use are fundamentally conditioned by the overall political economy. 18 refs., 14 figs., 1 tab., 1 app.

  17. Market forces in european soccer

    NARCIS (Netherlands)

    Haan, M.; Koning, Ruud H.; Witteloostuijn, A. van

    2003-01-01

    Recent decades have witnessed major changes in the market for European soccer. The most profound were the Bosman ruling, which lifted restrictions in the European labor market for soccer talent, and the introduction of the Champions' League, a high-profile international competition that generates

  18. Market forces in european soccer

    NARCIS (Netherlands)

    Haan, M.; Koning, Ruud H.; Witteloostuijn, A. van

    2002-01-01

    Recent decades have witnessed major changes in the market for European soccer. The most profound were the Bosman ruling, which lifted restrictions in the European labor market for soccer talent, and the introduction of the Champions' League, a high-profile international competition that generates

  19. European municipalities and the liberalized energy market; Les municipalites europeennes et le marche liberalise de l'energie

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-04-01

    Municipalities are directly affected by the liberalization of the energy markets. Because they all consume or even produce energy, whether it be for their own consumption or to resell it, they often distribute gas, electricity or heat, they plan urban areas and organize the energy networks on their territory, while in addition citizens expect municipalities to inform them and even protect them against the possible excesses of energy salesmen. Elected representatives administrations, local agencies, municipal companies, citizens' associations etc., all have to innovate. This supplement to Energie-Cites INFO is intended to provide you with practical information and further analyses of the liberalization process. (authors)

  20. Integration of European Bond Markets

    DEFF Research Database (Denmark)

    Christiansen, Charlotte

    2014-01-01

    I investigate the time variation in the integration of EU government bond markets. The integration is measured by the explanatory power of European factor portfolios for the individual bond markets for each year. The integration of the government bond markets is stronger for EMU than non...

  1. Energy Choices. Energy markets; Vaegval Energi. Energimarknader

    Energy Technology Data Exchange (ETDEWEB)

    Damsgaard, Niclas (Econ Poeyry AB, Stockholm (Sweden))

    2008-12-15

    Each of the major energy markets for oil, coal, natural gas, biofuels and electricity has its own character. But markets are dependent on each other in an often complicated way. This interconnection has become even more complex since the market for emissions trading began in Europe in 2005. This report describes the current situation of the different energy markets but also the relationships between them, and some possible future scenarios. The oil market is global, but is dominated by a few producing countries. Coal is traded on the international market with good competition and over time probably a stable price. Other markets are more regional or even local. One example is the natural gas market. In the current situation of natural gas is not particularly important for Sweden's energy supply, but very much so in a European perspective. There may be repercussions also in Sweden. The gas price ups and downs are important for the price of emission rights and electricity. Biofuel markets ranging from global markets, such as ethanol, to regional or local markets, depending on processing. Only with the creation of a single trading venue, Nordpool was a common pricing of electricity possible in the Nordic region. In the near future we will have a common electricity market covering at least the Nordic region and northwestern Europe. This does not mean that prices will become equalized, for that further expansion of the transmission capacity is needed. It is possible to imagine several scenarios for future energy markets, but the interaction between the different markets will persist. To develop appropriate instruments is of great importance to achieve the political objectives in the energy field the next decade

  2. Stochastic volatility and multi-dimensional modeling in the European energy market

    Energy Technology Data Exchange (ETDEWEB)

    Vos, Linda

    2012-07-01

    In energy prices there is evidence for stochastic volatility. Stochastic volatility has effect on the price of path-dependent options and therefore has to be modeled properly. We introduced a multi-dimensional non-Gaussian stochastic volatility model with leverage which can be used in energy pricing. It captures special features of energy prices like price spikes, mean-reversion, stochastic volatility and inverse leverage. Moreover it allows modeling dependencies between different commodities.The derived forward price dynamics based on this multi-variate spot price model, provides a very flexible structure. It includes cotango, backwardation and hump shape forward curves.Alternatively energy prices could be modeled by a 2-factor model consisting of a non-Gaussian stable CARMA process and a non-stationary trend models by a Levy process. Also this model is able to capture special features like price spikes, mean reversion and the low frequency dynamics in the market. An robust L1-filter is introduced to filter out the states of the CARMA process. When applying to German electricity EEX exchange data an overall negative risk-premium is found. However close to delivery a positive risk-premium is observed.(Author)

  3. Essays on European bond markets

    NARCIS (Netherlands)

    Cheung, Y.C.

    2005-01-01

    This dissertation focused on a number of issues that are of importance in the current European bond market. In the past years, the fiscal policy of the Eurozone members, advances in the technology of trading platforms and the introduction of a single currency have reshaped the fixed income markets

  4. Competition between the various fossil sources of energy on the European and world markets through the year 2000

    Energy Technology Data Exchange (ETDEWEB)

    Brunner, G.

    1980-06-01

    Crude oil will continue to dominate the world energy market and play the price-setting role through the year 2000, but its share of the total energy consumption in the non-Communist world should decline to approx. 50%. World crude oil production should stabilize at approx. 65 million bbl/day in the 1990's, of which approx. 30 million bbl/day would be produced by non-OPEC countries. The price of natural gas should remain to be linked to that of fuel oil, as long as the latter is in abundant supply. With the production costs of $45-$100/ton petroleum equivalent (tpe), most of West European coal is not competitive with the imported coal or with fuel oil and is expected to remain so through 2000. Outside Europe, particularly in the U.S., coal is entirely competitive and increasingly will be shipped to Europe and also converted to high-Btu gas. Nuclear energy and coal should progressively replace fuel oil and will compete in electricity production. Petroleum production from heavy crudes, oil shales, and tar sands is not expected to exceed 150 million tpe in 2000 because of the high costs of production, i.e., about $35,000/bbl/day by that time, and environmental problems.

  5. The globalization and Europeanization of mortgage markets

    NARCIS (Netherlands)

    Aalbers, M.B.

    2009-01-01

    Do globalization and Europeanization lead to the deterritorialization of European mortgage markets? Neither economic globalization nor EU policies have resulted in one European mortgage market. The various European mortgage markets are still quite different from one another in many respects. In most

  6. European Home Energy

    DEFF Research Database (Denmark)

    Tommerup, Henrik M.

    2009-01-01

    An important aim of the european energy performance of buildings directive is to improve the overall energy efficiency of new homes......An important aim of the european energy performance of buildings directive is to improve the overall energy efficiency of new homes...

  7. RE-Shaping. Shaping an effective and efficient European renewable energy market. D20 Report. Consistency with other EU policies, System and Market integration. A Smart Power Market at the Centre of a Smart Grid

    Energy Technology Data Exchange (ETDEWEB)

    Neuhoff, K.; Boyd, R.; Grau, T. [Climate Policy Initiative, German Institute for Economic Research (DIW Berlin), Berlin (Germany); Hobbs, B.; Newbery, D. [Electricity Policy Research Group, University of Cambridge, Cambridge (United Kingdom); Borggrefe, F. [University of Cologne, Cologne (Germany); Barquin, J.; Echavarren, F. [Universidad Pontificia Comillas, Madrid (Spain); Bialek, J.; Dent, C. [Durham University, Durham (United Kingdom); Con Hirschhausen, C. [Technical University of Berlin, Berlin (Germany); Kunz, F.; Weigt, H. [Technical University of Dresden, Dresden (Germany); Nabe, C.; Papaefthymiou, G. [Ecofys Germany, Berlin (Germany); Weber, C. [Duisberg-Essen University, Duisburg-Essen (Germany)

    2011-10-15

    The core objective of the RE-Shaping project is to assist Member State governments in preparing for the implementation of Directive 2009/28/EC (on the promotion of the use of energy from renewable sources) and to guide a European policy for RES (renewable energy sources) in the mid- to long term. The past and present success of policies for renewable energies will be evaluated and recommendations derived to improve future RES support schemes. The core content of this collaborative research activity comprises: Developing a comprehensive policy background for RES support instruments; Providing the European Commission and Member States with scientifically based and statistically robust indicators to measure the success of currently implemented RES policies; Proposing innovative financing schemes for lower costs and better capital availability in RES financing; Initiation of National Policy Processes which attempt to stimulate debate and offer key stakeholders a meeting place to set and implement RES targets as well as options to improve the national policies fostering RES market penetration; Assessing options to coordinate or even gradually harmonize national RES policy approaches. In the EU, at least 200 gigawatts (GWs) of new and additional renewable electricity sources may be needed by 2020. The aim of this report is to analyse whether the current electricity market and system design is consistent with such an ambitious target. Using an international comparison, we identify opportunities to improve the power market design currently in place across EU countries so as to support the large scale integration of renewable energy sources.

  8. The Swedish Energy Market 2005

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-10-01

    The Swedish Energy Market, 2005 is an annual publication that presents information and statistics on the network based energy markets in Sweden, i.e. the markets for electricity, natural gas and district heating. It also provides an overview of the issues that have arisen on these markets during the second half of 2004 and the first half of 2005. Considerable work is being carried out in the EU on creating a single market for electricity and natural gas. This publication therefore describes expansion of the Swedish market towards a Nordic and a European market. The publication normally includes a theme chapter, describing some event of particular interest for the Swedish energy market during the year. This year, the theme chapter is devoted to the Storm Gudrun, which struck the south of the country at the beginning of January, and its effects on electricity supply throughout the country. The chapter is based on the report submitted to the Government by the Energy Markets Inspectorate in the spring of 2005, and also includes a summary of the Inspectorate's proposals for measures to improve the security of electricity transmission. Energy in Sweden, which is another of the Swedish Energy Agency's annual publications, provides information and statistics on the development of the entire Swedish energy system.

  9. MAPPING EUROPEAN CAPITAL MARKETS TENDENCIES

    Directory of Open Access Journals (Sweden)

    Andreea Avadanei

    2011-01-01

    Full Text Available The scope of this paper is to analyze the main tendencies influencing European capitalmarkets development. In order to point out their implications, we structured our study onfour chapters. The first one illustrates the consolidation of stock exchanges at the Europeanlevel; the seconds presents some considerations about the deregulation/re-regulation of EUcapital markets; the third section highlights the globalization implications on their evolutionand the fourth one indicates the effects of financial innovation. The progressive integrationof European capital markets over the past decade contributed to the lowering of capital costas a result of increased risk diversification opportunities and reduced transaction costs dueto the specialization of financial system provisions. Moreover, the expansion of thesemarkets improved firms financing decisions, leading to an increased share of non-bankfunding sources.

  10. Effects of a Liberalized European Gas Market

    Energy Technology Data Exchange (ETDEWEB)

    Austvik, Ole Gunnar

    2003-07-01

    , firms, these must be made to behave in a way that improves efficiency. In fact, an increase in the number of actors in such markets, per se, may increase cost, and, thus, represent a waste of resources. Usually, but not necessarily, state owned firms are privatised (even though the government may hold a significant share, or control over, the ownership), the operation of vertically integrated services are separated (''unbundled''), competition is established when possible and regulation introduced when necessary (when competition does not work). In the case of natural gas, the U.S. and Canada liberalized their markets in the mid 1980s. Later, gas markets in the U.K., and then Australia and New Zealand, followed. Now, in the European natural gas industry, both market growth and infrastructural developments, as well as political decision making, forcing competition on to firms, is now creating a more competitive environment. In order to analyze these issues in relation to Norway as a major natural gas exporter we have studied the development of EU energy policies, price effects of liberalism, energy taxation, the economics of non-renewable (exhaustible) resources and regulatory economics as well as foreign policy issues concerning security-of-supply issues. The complexity and interdisciplinary insights needed to analyze the European gas market makes it even more complex than analyses of the global oil market. In the European gas market, the problem of choosing the right in-depth level and correct parameters and discipline to apply, becomes particularly apparent and challenging. For most analysts and policy makers, it seems to be an overwhelming task to describe exactly how a liberalized European gas market works, how it should be organized and will develop. In this analysis of the political economy of European gas, we will nevertheless try to shed some light on the causes and effects of what may happen.

  11. Energy-only and capacity markets and the economics of the power sector in a simulation of the Northwest European power market

    Energy Technology Data Exchange (ETDEWEB)

    Hers, Sebastiaan; Redl, Christian; Wijk, Pieter van der; Slot, Thijs [DNV KEMA Energy and Sustainability, Arnhem (Netherlands)

    2013-11-01

    Rising concern with regard to generation adequacy and the ability of energy-only electricity markets to deliver required investments induced debates, regulatory interventions, and consideration of new market mechanisms in several EU member states. Results based on model simulations concerning guaranteed supply safety are presented. (orig.)

  12. Risk premia in energy markets

    DEFF Research Database (Denmark)

    Veraart, Almut E.D.; Veraart, Luitgard A.M.

    -arbitrage arguments as long as the underlying commodities are storable, the situation changes in the case of electricity. Hence, in an empirical study based on electricity spot prices and futures from the European Energy Exchange market, we investigate the empirical behaviour of electricity risk premia from...

  13. Energy and environment policy in the Czech Republic. Vol. 3: Liberalisation of the energy market for electricity and gas in the European Union. A survey and possible implications for the Czech Republic

    Energy Technology Data Exchange (ETDEWEB)

    Brauch, H.G.

    2002-01-01

    This study is organised in four parts. The first part deals with the political context of the EU: its widening and deepening and the evolution of its energy policy. The second part focuses on the liberalisation of the European market for electricity with a review of the structure of the electricity markets in Germany, France, Italy and Great Britain and of the three electricity networks, an assessment of EU liberalisation policy and its implementation in these four countries. The third part deals with the liberalisation of the European market for natural gas by offering an overview of EU liberalisation policy before the gas directive enters into force in August 2000. Finally part four discusses possible implications of energy liberalisation for the Czech Republic. The study concludes with a review of efforts by the Commission to resolve the conflict between liberalisation of energy markets and the climate policy driven sustainability goals. (orig.)

  14. Volatility Spillover Effects in European Equity Markets

    NARCIS (Netherlands)

    Baele, L.

    2003-01-01

    This paper quantifies the magnitude and time-varying nature of volatility spillovers from the aggregate European (EU) and US market to 13 local European equity markets.I develop a shock spillover model that decomposes local unexpected returns into a country speciffic shock, a regional European

  15. Efficient Market Hypothesis: Some Evidences from Emerging European Forex Markets

    National Research Council Canada - National Science Library

    Anoop S Kumar; Bandi Kamaiah

    2014-01-01

    This study attempts to analyze the presence of weak form efficiency in the forex markets of a set of select European emerging markets namely Bulgaria, Croatia, Czech Republic, Hungary Poland, Romania...

  16. Competition between the various fossil-fuel energy resources on the European and World markets in the year 2000

    Energy Technology Data Exchange (ETDEWEB)

    Brunner, G.

    1980-05-01

    This paper looks at probable developments between now and the year 2000 in the role played by each of the major primary energy sources : Oil (still occupies a dominant position but is partially on the decline); natural gas (uncertainty over cost prices); coal (substantial developments in international trade due in the main to the increase in European requirements); and nuclear energy (competition with coal over electricity generation). Also looks at other fossil fuels - where production is limited on the grounds of cost and environmental problems. (In French)

  17. Energy Sector Market Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Arent, D.; Benioff, R.; Mosey, G.; Bird, L.; Brown, J.; Brown, E.; Vimmerstedt, L.; Aabakken, J.; Parks, K.; Lapsa, M.; Davis, S.; Olszewski, M.; Cox, D.; McElhaney, K.; Hadley, S.; Hostick, D.; Nicholls, A.; McDonald, S.; Holloman, B.

    2006-10-01

    This paper presents the results of energy market analysis sponsored by the Department of Energy's (DOE) Weatherization and International Program (WIP) within the Office of Energy Efficiency and Renewable Energy (EERE). The analysis was conducted by a team of DOE laboratory experts from the National Renewable Energy Laboratory (NREL), Oak Ridge National Laboratory (ORNL), and Pacific Northwest National Laboratory (PNNL), with additional input from Lawrence Berkeley National Laboratory (LBNL). The analysis was structured to identify those markets and niches where government can create the biggest impact by informing management decisions in the private and public sectors. The analysis identifies those markets and niches where opportunities exist for increasing energy efficiency and renewable energy use.

  18. Book Review: Diversity in European Marketing

    Directory of Open Access Journals (Sweden)

    Hana Machková

    2012-06-01

    Full Text Available The case book “Diversity in European Marketing” is the result of the scientific cooperation of the CEMS Marketing Faculty Group. Prestigious Central European Universities - Corvinius University of Budapest and University of Economic, Prague - are members of CEMS - the Global Alliance in Management Education of 26 leading business schools and 70 multinational companies. Four authors from these two Universities share in this book their experience of Central European Marketing specifics.

  19. Market liberalization in the European Natural Gas Market. The importance of capacity constraints and efficiency differences

    Energy Technology Data Exchange (ETDEWEB)

    Brakman, S. [University of Groningen, Faculty of Economics, Department of International Economics and Business, P.O. Box 800, 9700 AV Groningen (Netherlands); Van Marrewijk, C.; Van Witteloostuijn, A. [Utrecht University, Utrecht School of Economics, Janskerkhof 12, 3512 BL Utrecht (Netherlands)

    2009-06-15

    In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen for at least two reasons. First, energy markets, including the market for natural gas, are characterized by imperfect competition and increasing costs to develop new energy sources. As a result, new entrants in the market are less efficient than incumbent firms. Second, energy markets, again including the market for natural gas, are associated with capacity constraints. Prices are determined in residual markets where the least efficient firms are active. This is likely to lead to price increases, rather than decreases.

  20. International Voluntary Renewable Energy Markets (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, J.

    2012-06-01

    This presentation provides an overview of international voluntary renewable energy markets, with a focus on the United States and Europe. The voluntary renewable energy market is the market in which consumers and institutions purchase renewable energy to match their electricity needs on a voluntary basis. In 2010, the U.S. voluntary market was estimated at 35 terawatt-hours (TWh) compared to 300 TWh in the European market, though key differences exist. On a customer basis, Australia has historically had the largest number of customers, pricing for voluntary certificates remains low, at less than $1 megawatt-hour, though prices depend on technology.

  1. European Market Making and Policy Duplication

    DEFF Research Database (Denmark)

    Frankel, Christian

    2013-01-01

    This paper argues that private regulation has been essential to the making of the common European market. The distinction between negative and positive integration, usually used to understand the making of the common European market, only gives us part of the picture, as it focuses on public...... authorities and the regulation issued by them, and tends to ignore private authorities. A focus on private regulation is suggested to enlarge the focus on positive and negative integration, and this is used in an analysis of EU's removal of barriers to trade from 1958 to 2000. The paper shows that private...... regulation in the form of technical standardisation has become essential to European market making....

  2. The Western European Mobile Service Market

    DEFF Research Database (Denmark)

    Henten, Anders; Tadayoni, Reza; Hjarup, Søren

    The aim of the paper is to analyse the development of the structure in the Western European mobile services market, based primarily on technological and economic parameters. The focus of the analysis is on the market consolidation process, taking place horizontally, i.e. among the mobile network...

  3. A Survey of the European Security Market

    OpenAIRE

    Carlos Martí Sempere

    2011-01-01

    This document synthesizes the results of the research made on the European security market. It deals with questions of interest regarding the provision of security goods and services for protecting society from terrorism and organised crime. It explores issues such as market revenues, demand and supply, industrial capabilities, technology, research and development, innovation, business strategies, competition as well as market structure, agents' conduct and economic performance. The research ...

  4. RENEWABLE ENERGY STRATEGIES: WHERE EUROPEAN UNION HEADED?

    Directory of Open Access Journals (Sweden)

    RADULESCU IRINA GABRIELA

    2015-06-01

    Full Text Available The states from European Union must take advantage from renewable energy sources in order to revive the economy. Climate change creates new jobs and could reduce energy imports which would stimulate the economy of those states. The European Union should support research in the field, apply more efficient policies in energy, and create economies of scale to get an integrated European energy market in which the main actors can reduce the cost of production of renewable energy. In addition, it is possible to use the comparative advantages of the Member States and not only, like Greece, through solar energy, Southern Mediterranean, through distribution networks interconnections with EU, Russia and Ukraine, through biomass and the North Sea, through wind energy. This paper refers to the evolution and trends of the renewable energy sources and presents some scenarios of it.

  5. Report of the European Energy Law seminar 2011; Verslag European Energy Law seminar 2011

    Energy Technology Data Exchange (ETDEWEB)

    Holwerda, J.M.; Mueller, H.K. [Groningen Centre of Energy Law, Rijksuniversiteit Groningen RUG, Groningen (Netherlands); Mutsaers, A. [De Brauw Blackstone Westbroek, Amsterdam (Netherlands)

    2011-10-15

    The 24th European Energy Law Seminar was held in Noordwijk aan Zee, Netherlands, 11-12 April 2011. The first day attention was paid to the liberalization of the energy markets, the climate and energy. The second day was dedicated to energy security, the upstream sector and development of energy infrastructure. [Dutch] Op 11 en 12 april 2011 vond te Noordwijk aan Zee wederom het jaarlijkse - 24ste - European Energy Law Seminar plaats. De eerste dag stond in het teken van de liberalisering van de energiemarkten en klimaat- en energie, terwijl de tweede dag gewijd was aan energievoorzieningszekerheid, de upstream sector en ontwikkeling van de energie-infrastructuur.

  6. Examining market power in the European natural gas market

    Energy Technology Data Exchange (ETDEWEB)

    Egging, R.G. [Energy Research Centre of the Netherlands, Amsterdam (Netherlands). Policy Studies Group; Gabriel, S.A. [University of Maryland, College Park, MD (United States). Dept. of Civil and Environmental Engineering

    2006-11-15

    In this paper, we develop a mixed complementarity equilibrium model for the European natural gas market. This model has producers as Cournot players with conjectured supply functions relative to their rivals. As such, these producers can withhold production to increase downstream prices for greater profits. The other players are taken to be perfectly competitive and are combined with extensive pipeline, seasonal, and other data reflecting the current state of the market. Four market scenarios are run to analyze the extent of market power by these producers as well as the importance of pipeline and storage capacity. (author)

  7. Energy markets and climate change

    NARCIS (Netherlands)

    Krozer, Yoram

    2017-01-01

    Innovations mechanisms on energy markets are discussed, in particular valorization of energy products which invokes decarbonization of energy recourses. The valorization, meaning higher value of energy products, is expressed as electrification and entry of modern renewable energy based on

  8. THE STEEL EUROPEAN STOCK MARKET EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Viorica CHIRILA

    2015-12-01

    Full Text Available Testing the hypothesis of informational efficiency is a permanent preoccupation of researchers because the theories and the models of modern finance are based on it. This paper presents the results obtained after testing the efficiency hypothesis, in the weak form, for the European stock market of the companies that belong to the economic steel sub-sector. Following the use of both linear and non-linear tests of autocorrelation of returns we can conclude that the European stock market in the economic steel sub-sector is inefficient from an informational point of view and the investors in these stocks may obtain better results than those of the European market in general.

  9. Modeling Risk Convergence for European Financial Markets

    Directory of Open Access Journals (Sweden)

    Radu LUPU

    2014-09-01

    Full Text Available This article studies the convergence of risk on a sample of 13 European indexes. We use a set of 31 model specifications of a significant number of models belonging to the GARCH class and on their estimates we build an aggregate index in a Value-at-Risk approach. We use this index as a base for our convergence analysis. The results indicate a positive and significant tendency of convergence growth for the European financial market

  10. Independent regulatory authorities in European electricity market

    DEFF Research Database (Denmark)

    Olsen, Ole Jess; Larsen, Anders; Sørensen, Eva Moll

    2006-01-01

    Liberalisation of the electricity market has taken place in most European countries within the last decade. It is considered a precondition of successful liberalisation to establish so-called independent regulatory authorities. In this article, we compare the status and practice of them in 16...

  11. Efficient Market Hypothesis: Some Evidences from Emerging European Forex Markets

    Directory of Open Access Journals (Sweden)

    Anoop S Kumar

    2014-06-01

    Full Text Available This study attempts to analyze the presence of weak form efficiency in the forex markets of a set of select European emerging markets namely Bulgaria, Croatia, Czech Republic, Hungary Poland, Romania, Russia, Slovakia and Slovenia using the monthly NEER data ranging from jan-1994 to Dec-2013. We employ a two step comprehensive methodology where in the first place we test for weak form efficiency using a family of individual and joint variance ratio tests. The results show that while the markets of Croatia, Czech Republic and Bulgaria may be weak form efficient at a shorter lag, the other six markets are not informationally efficient. In the next stage, we estimate a measure of relative efficiency to show the extent to which a market is weak-form inefficient. From the results, it is found that the forex markets of Croatia, Czech Republic and Bulgaria are least weak form inefficient compared to others. The findings of the study are of relevance as it shows that even after roughly two decades of free market economic policies, majority of the forex markets in the area remains informationally inefficient.

  12. IEA energy policies review: the European Union

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-09-04

    For the first time, the IEA has reviewed the energy policies of the European Union which shape the energy use of almost 500 million citizens in 27 EU member countries. A unique entity governed under complex and almost constantly evolving structures, the EU constitutes a challenge for energy policy makers. Its energy policy has a global impact, not only because of its 16% share of world energy demand, but also because of the EU leadership in addressing climate change. Strong policy drives are underway in the EU to achieve the completion of the internal energy market, increase renewable energy supply, reduce CO2 emissions and make the EU more energy-efficient. Concerns about security of supply have also led to a greater focus on improved energy relations with supplier countries, and new institutional structures are being put in place. How much progress has been made in the field of security, internal market and external energy policies? And in which of these areas has the EU already implemented a fully integrated policy? This publication addresses these questions and also analyses the impact of the most recent major EU policy measures, in particular the Energy and Climate Package of January 2008 and the 3rd Liberalisation Package of September 2007. This book finds that both of these proposals are highly ambitious. But implementing them and reviewing both volume and allocation of energy R and D will be necessary to achieve a sustainable energy future in a fully competitive integrated EU energy market.

  13. European Schemes for Promoting Renewables in Liberalised Markets

    DEFF Research Database (Denmark)

    Meyer, Niels I.

    2003-01-01

    with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark.An EU directive from September 2001 has......The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models...

  14. Wind offering in energy and reserve markets

    DEFF Research Database (Denmark)

    Soares, Tiago; Pinson, Pierre; Morais, Hugo

    2016-01-01

    dayahead and balancing market is performed. A set of numerical examples illustrate the behavior of such strategy. An important conclusion is that the optimal split of the available wind power between energy and reserve strongly depends upon prices and penalties on both market trading floors.......The increasing penetration of wind generation in power systems to fulfil the ambitious European targets will make wind power producers to play an even more important role in the future power system. Wind power producers are being incentivized to participate in reserve markets to increase...... their revenue, since currently wind turbine/farm technologies allow them to provide ancillary services. Thus, wind power producers are to develop offering strategies for participation in both energy and reserve markets, accounting for market rules, while ensuring optimal revenue. We consider a proportional...

  15. European approaches to changing patterns of energy consumption and supply

    Energy Technology Data Exchange (ETDEWEB)

    Lepetit, P. [Centre Francais sur les Etats-Unis, 75 - Paris (France)

    2001-07-01

    In the case of the broad debate on the security of energy supply, launched by the european commission on november 2000, this document presents the historical european facts and figures, stress the dramatic changes since 1990 and discussed the policy opinions (nuclear energy, tax policy, further progress in opening market and promoting international trade and investment). (A.L.B.)

  16. BUCHAREST HOTEL MARKET IN THE EUROPEAN CONTEXT

    Directory of Open Access Journals (Sweden)

    Silvia Patricia DODU

    2014-12-01

    Full Text Available The European hospitality industry currently sees an increase in all specific indicators, a fact that shows, on one hand, the ability of this sector to overcome the economic turbulences of recent years, but also the real perspectives for future growth. Today’s hotel industry can no longer rely on the traditional growth methods, and needs to prepare for the major confrontation with the next-generation technological developments that generate modern marketing channels but, by default, incur significantly higher costs for simply „being” on the market. The Bucharest hotel market is no exception; in the recent past, it has witnessed a slight upwards trend generated by the increase of demand in the business tourism area, while also facing the challenge of integration of modern technologies in the hotel business.

  17. SPECIFICS OF THE ENERGY MARKETS

    Directory of Open Access Journals (Sweden)

    Delia Vasilica ROTARU

    2014-09-01

    Full Text Available In this paper we have analyzed the specific characteristics of the energy markets in general and the products transacted, in particular. Due to its unique features, electricity, one of the most important products for the economic development of a country, has brought challenges to the organization of a liberalized market to be transacted on. The paper also offers a view on the evolution of the supply and demand on the energy market in the last past years, along with a forecast analysis. The last part of the paper offers a presentation of the specific steps taken in the deregulation of the energy market process.

  18. Learnings from liberalised energy markets

    DEFF Research Database (Denmark)

    The paper presents a number of overlooked problems in liberalised electricity markets, including supply security, environmental concerns and establishment of a sustainable energy development.......The paper presents a number of overlooked problems in liberalised electricity markets, including supply security, environmental concerns and establishment of a sustainable energy development....

  19. 1. European Hydrogen Energy Conference

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-09-01

    This conference is the first of a series of EHA (European Hydrogen Association) conferences that will take place every two years in Europe with the collaboration of the national European Hydrogen Associations. EHEC 2003 takes place within the context of the debates on long term energy strategies organized by the international authorities and the governments of many countries. Under the patronage of the European Commission and the French government, the conference will aim at providing a comprehensive picture of the research work and demonstrations on hydrogen and fuel cells that the currently being carried out all over the globe. EHEC 2003 will provide an opportunity to define the role that hydrogen will have in tomorrow's energy landscape and, in particular, the benefits with regard to: 1)sustainable development of energy 2)control of climate change 3)development of renewable energy 4)increase demand for ground transport. (O.M.)

  20. The Ontario Energy Marketers Association

    Energy Technology Data Exchange (ETDEWEB)

    Baker, W.F.C. [Ontario Energy Marketers Association, ON (Canada)

    1998-12-31

    An overview of the role of the Ontario Energy Marketers Association (OEMA) and its future orientation was presented. Participants in the OEMA include agents, brokers, marketers, local distribution companies, public interest representatives, associations and government representatives. The role of the OEMA is to encourage open competition for the benefit and protection of all energy consumer and market participants. As well, the OEMA serves as a forum for key industry stakeholders to resolve market issues outside the regulatory arena, set standards and codes of practice, establish customer education programs, and develop industry input into public policy making.

  1. Flight to Safety from European Stock Markets

    DEFF Research Database (Denmark)

    Aslanidis, Nektarios; Christiansen, Charlotte

    This paper investigates flight-to-safety from stocks to bonds in seven European markets. We use quantile regressions to identify flight-to-safety episodes. The simple risk-return trade-off on the stock markets is negative which is caused by flight-to-safety episodes: During normal periods, the risk......-return trade-off is positive and during flight-to-safety episodes it is negative. The effects of flight-to-safety episodes on the risk-return trade-off are qualitatively similar for own country flight-to-safety episodes, for flight from own country stock market to the US bond market, and for US flight......-to-safety. The strength of the trade-off is strongest for own country flight-to-safety episodes. The risk-return trade-off is not significantly influenced by recession periods or the recent sovereign debt crisis. The main results hold for flight to gold instead of to bonds....

  2. ANALYSIS OF LABOUR MARKET IN ROMANIA AND THE EUROPEAN UNION

    OpenAIRE

    Tanase Diana; Frant Florin,; Manciu Venera; Tanase Adrian

    2013-01-01

    The paper aims at analysing the labour market, one of the most complex forms of market in economy. The present work forwards a comparative survey regarding the labour market in Romania and in the other European Union member states. The paper starts by highlighting general aspects related to labour market and continues by the presentation of the European Union countries’ ranking according to the labour market efficiency, top elaborated on the basis of the World Economic Forum data. Furthermore...

  3. Energy economics and financial markets

    Energy Technology Data Exchange (ETDEWEB)

    Dorsman, Andre [Vrije Univ. Amsterdam (Netherlands). Dept. of Finance; Simpson, John L. [Curtin Univ., Perth, WA (Australia). School of Economics and Finance; Westerman, Wim (eds.) [Groningen Univ. (Netherlands). Faculty of Economics and Business Economics, Econometrics and Finance

    2013-10-01

    Deals with the upcoming theme of energy issues. Links energy issues with economics and financial markets. Combines global focus with specific regional and local examples. Unites theoretical insights with timely data and practical insights. Specialized author team from all over the world. Energy issues feature frequently in the economic and financial press. Specific examples of topical energy issues come from around the globe and often concern economics and finance. The importance of energy production, consumption and trade raises fundamental economic issues that impact the global economy and financial markets. This volume presents research on energy economics and financial markets related to the themes of supply and demand, environmental impact and renewables, energy derivatives trading, and finance and energy. The contributions by experts in their fields take a global perspective, as well as presenting cases from various countries and continents.

  4. European wood pellet market integration - A study of the residential sector

    Energy Technology Data Exchange (ETDEWEB)

    Olsson, Olle; Hillring, Bengt; Vinterbaeck, Johan [Swedish University of Agricultural Sciences, Department of Energy and Technology P.O. Box 7032 SE-750 07 Uppsala (Sweden)

    2011-01-15

    The integration of European energy markets is a key goal of EU energy policy, and has also been the focal point of many scientific studies in recent years. International markets for coal, oil, natural gas and electricity have previously been investigated in order to determine the extent of the respective markets. This study enhances this field of research to bioenergy markets. Price series data and time series econometrics are used to determine whether residential sector wood pellet markets of Austria, Germany and Sweden are integrated. The results of the econometric tests show that the German and Austrian markets can be considered to be integrated, whereas the Swedish market is separate from the other two countries. Although increased internationalization of wood pellet markets is likely to contribute to European price convergence and market integration, this process is far from completed. (author)

  5. CROATIAN HONEY MARKET IN EUROPEAN ENVIRONMENT

    Directory of Open Access Journals (Sweden)

    Dragana Dukić

    2004-06-01

    Full Text Available This examination is based on comparison of honey production, in countries of European Union, transition countries and The Republic of Croatia. The situation in Croatia is shown with all information about honey production. All data are compared with already managed European countries. In comparison with registrated number of beekeepers and hives, Croatia belongs to transition countries with the smallest number of beekepers and hives. On the other hand, values, such as, number of hives per beekeper and average honey production by hive, classify Croatia ahead of transition countries. There are very few professional beekepers in Croatia, as well as in other transition countries, but not countries of The European Union. Honey production in Croatia has been increasing last seven years and in the last few it increased more than 50%. Export of honey in the last 2 years is half of the complete honey production, which accomplish conditions for export enlargement. At the same time, import of honey is considerable reduced. Conditions for export can be better with production of biological clean honey (eco-honey, since Croatia has great resources for it. Also, cost of Croatian honey on the foreign market, will be considerable higher.

  6. Wind offering in energy and reserve markets

    Science.gov (United States)

    Soares, T.; Pinson, P.; Morais, H.

    2016-09-01

    The increasing penetration of wind generation in power systems to fulfil the ambitious European targets will make wind power producers to play an even more important role in the future power system. Wind power producers are being incentivized to participate in reserve markets to increase their revenue, since currently wind turbine/farm technologies allow them to provide ancillary services. Thus, wind power producers are to develop offering strategies for participation in both energy and reserve markets, accounting for market rules, while ensuring optimal revenue. We consider a proportional offering strategy to optimally decide upon participation in both markets by maximizing expected revenue from day-ahead decisions while accounting for estimated regulation costs for failing to provide the services. An evaluation of considering the same proportional splitting of energy and reserve in both day- ahead and balancing market is performed. A set of numerical examples illustrate the behavior of such strategy. An important conclusion is that the optimal split of the available wind power between energy and reserve strongly depends upon prices and penalties on both market trading floors.

  7. Energy markets - investment, competition, and regulation

    Energy Technology Data Exchange (ETDEWEB)

    Franz, W.; Winkelmann, R.; Zimmermann, K.F. (eds.)

    2007-07-01

    Within the scope of the 70th Annual Meeting of the Association of German Economic Research Institutes with the topic ''Energy markets - investment, competition, and regulation'' in Berlin (Federal Republic of Germany) on 19th April, 2007, the following lectures were held: (a) Alternative strategies for promoting renewable energy in EU electricity markets (Christoph Boehringer, Tim Hoffmann, Thomas F. Rutherford); (b) Biofuels and climate policy (Gernot Klepper); (c) Investments of the German electricity-supply industry (Hans-Dieter Karl); (d) Asymmetric strategic investment behaviour in network industries: the case of natural gas distribution in Norway (Till Requate); (e) How dominant is Russia on the European natural gas market? Results from modelling exercises (Franziska Holz).

  8. European Union Energy Saving Policy

    Directory of Open Access Journals (Sweden)

    Nikolay Y. Kaveshnikov

    2014-01-01

    Full Text Available This article analyses methods of energy efficiency stimulation in the European Union. The author investigates basic areas of the EU activity; in particular, the author estimates results of implementation of the Energy Star program, new provisions of labeling of energy-using products, measures to increase energy efficiency in buildings. The paper also analyzes the provisions of the Directive 2012/27 that is the first EU document, providing for a comprehensive approach to energy saving at all stages: production, transformation and consumption. Today EU policy includes: 7 a general political and regulatory framework laid down by the European action plan on energy efficiency and Directive 2012/27; 2 national action plans on energy efficiency, which should be in line with indicative targets set at the EU level; 3 special EU documents in key areas of energy efficiency (buildings, energy-consuming equipment etc.; 4 accompanying instruments, such as target funding, information dissemination, support of specialized networks. The paper gives a comprehensive analysis of the key methods of implementation of EU policy in the area of energy saving. The author concludes that EU operates within the framework of the open method of coordination. The system of mandatory/voluntary technical standards has allowed to achieve significant success, but indicative planning and monitoring of national actions are not completely effective. In the long term EU policy in the area of energy efficiency is restrained by member states unwillingness to delegate to the European Union a more detailed powers in this field and to give the EU bodies facilities to execute more strict control. In the short term - in conditions of economic crisis, the EU countries are not ready to invest significant budget funds in projects with long payback period.

  9. Wind energy: A review of technical and market issues

    Energy Technology Data Exchange (ETDEWEB)

    Garrad, A.D. [Garrad Hassan & Partners Ltd., Bristol (United Kingdom)

    1996-12-31

    Opinions on the world market for wind power are presented in this paper. The paper is divided into three sections: the market, the technology, and general conclusions. The market section compares European and US wind energy growth and contributing factors and barriers to growth. A technology overview discusses wind turbine concepts, mass reduction, blade structural flexibility, and growth in machine size. Political decisions, economic aspects, public acceptance, and technology limitations are assessed for their influence on the growth of wind energy. 11 figs.

  10. LEADING TRENDS IN THE EUROPEAN FUNCTIONAL FOOD MARKET

    Directory of Open Access Journals (Sweden)

    J. Kozonova

    2015-08-01

    Full Text Available Functional foods market is changing rapidly. Now the market has the highest growth. In the European Union food producers try to fit virtually every product under the "functional" definition. In this article we will review major trends in the EU functional foods market and try to analyze them. It is well known that foods fortified with nutritional and disease-preventing qualities are invigorating the world food industry. Health-conscious consumers are driving the demand for products that aim to promote better health, increase longevity and prevent the onset of chronic diseases. With a fast-emerging middle class, more disposable income, and a greater number of working/more educated women in emerging markets, the worldwide potential for functional foods/beverages is unprecedented. Milk formula, energy drinks, probiotic yogurt, juice drinks, sports drinks, cereal, and biscuits were among the top-performing functional global health and wellness food categories in 2014. There is a breakout of the year's top trends driving the market for functional foods and beverages. A review of recent deal drivers, the fastest-growing products and innovation trends can help businesses identify the most promising entry points to this market.

  11. Identifying Lead Markets in the European Automotive Industry

    DEFF Research Database (Denmark)

    Cleff, Thomas; Grimpe, Christoph; Rammer, Christian

    2015-01-01

    This paper presents an indicator-based methodology to identify lead markets in the European automotive industry. The lead market approach tries to explain why certain countries are better positioned than others for developing and launching new products. While much research stresses the role...... design. We use an indicator-based approach which has been successfully employed for individual products as well as for various industries in order to identify lead markets in the European automotive industry. Employing five lead market factors, our results show that the EU is by far no homogeneous market...... for automobiles and national markets differ considerably in their lead market potential. The German market is found to be most promising to serve as a lead market, while other European countries with a strong automotive tradition like France, Italy, the UK, and Sweden score lower. Our findings suggest that firms...

  12. Entomopathogenic nematodes in the European biocontrol market.

    Science.gov (United States)

    Ehlers, R U

    2003-01-01

    In Europe total revenues in the biocontrol market have reached approximately 200 million Euros. The sector with the highest turn-over is the market for beneficial invertebrates with a 55% share, followed by microbial agents with approximately 25%. Annual growth rates of up to 20% have been estimated. Besides microbial plant protection products that are currently in the process of re-registration, several microbial products have been registered or are in the process of registration, following the EU directive 91/414. Entomopathogenic nematodes (EPN) are exceptionally safe biocontrol agents. Until today, they are exempted from registration in most European countries, the reason why SMEs were able to offer economically reasonable nematode-based products. The development of technology for mass production in liquid media significantly reduced the product costs and accelerated the introduction of nematode products in tree nurseries, ornamentals, strawberries, mushrooms, citrus and turf. Progress in storage and formulation technology has resulted in high quality products which are more resistant to environmental extremes occurring during transportation to the user. The cooperation between science, industry and extension within the EU COST Action 819 has supported the development of quality control methods. Today four companies produce EPN in liquid culture, offering 8 different nematode species. Problems with soil insects are increasing. Grubs, like Melolontha melolontha and other scarabaeidae cause damage in orchards and turf. Since the introduction of the Western Corn Rootworm Diabrotica virgifera into Serbia in 1992, this pests as spread all over the Balkan Region and has reached Italy, France and Austria. These soil insect pests are potential targets for EPN. The development of insecticide resistance has opened another sector for EPN. Novel adjuvants used to improve formulation of EPN have enabled the foliar application against Western Flower Thrips and Plutella

  13. Sustainable markets for sustainable energy

    Energy Technology Data Exchange (ETDEWEB)

    Millan, J.; Smyser, C.

    1997-12-01

    The author discusses how the Inter-American Development Bank (IDB) is involved in sustainable energy development. It presently has 50 loans and grants for non conventional renewable energy projects and ten grants for efficiency programs for $600 and $17 million respectively, representing 100 MW of power. The IDB is concerned with how to create a sustainable market for sustainable energy projects. The IDB is trying to work with government, private sector, NGOs, trading allies, credit sources, and regulators to find proper roles for such projects. He discusses how the IDB is working to expand its vision and objectives in renewable energy projects in Central and South America.

  14. Changes in the European financial markets regulation might lead to the application of the Basel regulatory capital framework to energy trading; Veraenderungen in der europaeischen Finanzmarktregulierung koennten zur Anwendung der Basler Eigenkapitalrichtlinien auf den Energiehandel fuehren

    Energy Technology Data Exchange (ETDEWEB)

    Schlosser, Andreas; Schwenzer, Andreas [KPMG Wirtschaftspruefungsgesellschaft AG, Hamburg (Germany)

    2011-12-15

    In its consultation paper regarding the revision of the Markets in Financial Instruments Directive (MiFID) from December 2010, the European Commission is considering to remove the current exemption for energy and commodity trading companies fully or at least to narrow the exemptions down. In this case the regulatory framework which is currently only in place for banks and financial companies could become effective for those companies. Because of the potentially significant consequences, it is reasonable for energy companies which have trading activities, to reflect the potential requirements even today. This article discusses the potential changes in the regulation and describes the consequences as well as potential areas of challenges in the application of banking regulation in energy trading. (orig.)

  15. Management and Marketing Elements in Maritime Cruises Industry. European Cruise Market

    National Research Council Canada - National Science Library

    Romeo Boşneagu; Carmen Elena Coca; Florin Sorescu

    2015-01-01

    European cruises market has a major impact on all aspects of maritime industry: boarding ports, ports of call, shipbuilding, ship maintenance, supplies, sales and marketing, ship crews and administrative facilities...

  16. An improved market penetration model for wind energy technology forecasting

    Energy Technology Data Exchange (ETDEWEB)

    Lund, P.D. [Helsinki Univ. of Technology, Espoo (Finland). Advanced Energy Systems

    1995-12-31

    An improved market penetration model with application to wind energy forecasting is presented. In the model, a technology diffusion model and manufacturing learning curve are combined. Based on a 85% progress ratio that was found for European wind manufactures and on wind market statistics, an additional wind power capacity of ca 4 GW is needed in Europe to reach a 30 % price reduction. A full breakthrough to low-cost utility bulk power markets could be achieved at a 24 GW level. (author)

  17. Essays on liberalized energy markets

    Energy Technology Data Exchange (ETDEWEB)

    Nese, Gjermund

    2003-07-01

    This thesis consists of four essays that aim at contributing to the understanding of some of the new challenges associated by the liberalized energy markets. More specifically the essays consider investments in energy generation projects; international trade of Green Certificates, market power in a Green Certificate system, and finally the behaviour of public firms in liberalized markets. Essay 1 considers energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price uncertainty on the choice of technology and the timing of the investment. It is shown that when the choice of technology is irreversible, it may be optimal to postpone the investment even if it would otherwise be optimal to invest in one or both of the plant types. We provide a numerical example based on cost estimates of two different power plant types. Essay 2 presents an analytical equilibrium model for simultaneously functioning international markets for electricity and Green Certificates is formulated. The percentage requirement is perceived as the policy instrument affecting the level of green electricity in end-use consumption. In none of the cases considered does an increase in the country's percentage requirement necessarily result in an increase in the generation of green electricity in that country, but it may have a positive effect on the trading partner's generation of green electricity. Further, under quite realistic assumptions, a country maximizes its generation of green electricity by setting the percentage requirement to zero. In essay 3 an analytic equilibrium model for a simultaneously functioning electricity market and a market for Green Certificates is formulated. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results is that the certificate system faced with market power

  18. French perspectives in the emerging European Union energy policy

    Energy Technology Data Exchange (ETDEWEB)

    Meritet, Sophie [CGEMP, Paris Dauphine University (France)

    2007-10-15

    The debate over a common European energy policy, its necessity and its establishment has been going on for a number of decades. The discussions have been recently brought back into the spotlight by the evolution of energy market fundamentals and the taking into account of environmental protection. In spite of the energy diversity of the European Union (EU), a common vision has always been shared by all over energy development for the future. The achievements of the internal market, the fight against climate change and supply security are the common energy battles that call for a solution in common. This policy remains the responsibility of the States, but decisions vary from one country to the next. To move from a shared vision to a European energy policy, large steps are necessary. The European construction is making evolve the 'typically French vision' of energy policy. France was often characterized as the 'black sheep' in the EU. In the political context of president elections, the energy debate in French is of a high interest. This paper discusses the main issues with the French energy policy in the emerging European energy policy. (author)

  19. Promotion of Renewable Energy Sources in the European Union

    Directory of Open Access Journals (Sweden)

    Roland Menges

    2015-10-01

    Full Text Available One of the important goals of European energy policy is to increase the share of renewable energy resources in the energy supply. The instruments used in the member states are not fully compatible with the rules of the European internal market. In a theoretical section, this paper analyses possible different instruments for promoting renewable energy. Some countries use feed in tariffs - using fixed prices to increase incentives for producers to invest into renewable energy, other countries use quantity-based systems like quotas that lead to a premium above the market price. In an institutional analysis we show that on the basis of effectiveness and efficiency considerations for the European Union, in the long-term quantity oriented systems of promotion are preferable if combined with elements of a capacity market. The main reason for this conclusion is that price-based systems cannot give enough incentives for backup capacities necessary to cope with intermittent production of renewable sources. In addition price-based systems violate the basic rules of the open internal European market because feed in tariffs are a considerable barrier for trade of renewable energy products.

  20. ANALYSIS OF LABOUR MARKET IN ROMANIA AND THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Tanase Diana

    2013-07-01

    Full Text Available The paper aims at analysing the labour market, one of the most complex forms of market in economy. The present work forwards a comparative survey regarding the labour market in Romania and in the other European Union member states. The paper starts by highlighting general aspects related to labour market and continues by the presentation of the European Union countries’ ranking according to the labour market efficiency, top elaborated on the basis of the World Economic Forum data. Furthermore, the paper analyses labour productiveness, employment rate and unemployment rate both in Romania and in the other countries of the European Union. In the end the authors forward conclusions regarding the possibilities of increasing competitiveness on Romania’s labour market.

  1. Pollution Under Environmental Regulation in Energy Markets

    CERN Document Server

    Gullì, Francesco

    2013-01-01

    Pollution Under Environmental Regulation in Energy Markets provides a study of environmental regulation when energy markets are imperfectly competitive. This theoretical treatment focuses on three relevant cases of energy markets. First, the residential space heating sector where hybrid regulation such as taxation and emissions trading together are possible. Second, the electricity market where transactions are organized in the form of multi-period auctions. Third, namely natural gas (input) and electricity (output) markets where there is combined imperfect competition in vertical related energy markets.   The development of free or low carbon technologies supported by energy policies, aiming at increasing security of supply, is also explored whilst considering competition policies that reduce market power in energy markets thus improving market efficiency. Pollution Under Environmental Regulation in Energy Markets discusses the key issues of whether imperfect competition can lessen the ability of environmen...

  2. A Market for Company Incorporations in the European Union?

    DEFF Research Database (Denmark)

    Birkmose, Hanne Søndergaard

    2005-01-01

    The article discuss the European market for company incorporation in light of the recent decisions of the European Court of Justice; Centros (1999 E.C.R. at I-1487), Überseering (2002 E.C.R. at I-9919) and Inspire Art (2003 E.C.R. at I-10155)......The article discuss the European market for company incorporation in light of the recent decisions of the European Court of Justice; Centros (1999 E.C.R. at I-1487), Überseering (2002 E.C.R. at I-9919) and Inspire Art (2003 E.C.R. at I-10155)...

  3. Energy Policies of IEA Countries: European Union 2008 Review

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    For the first time, the IEA has reviewed the energy policies of the European Union which shape the energy use of almost 500 million citizens in 27 EU member countries. A unique entity governed under complex and almost constantly evolving structures, the EU constitutes a challenge for energy policy makers. Its energy policy has a global impact, not only because of its 16% share of world energy demand, but also because of the EU leadership in addressing climate change. Strong policy drives are underway in the EU to achieve the completion of the internal energy market, increase renewable energy supply, reduce CO2 emissions and make the EU more energy-efficient. Concerns about security of supply have also led to a greater focus on improved energy relations with supplier countries, and new institutional structures are being put in place. How much progress has been made in the field of security, internal market and external energy policies? And in which of these areas has the EU already implemented a fully integrated policy? IEA Energy Policies Review: The European Union - 2008 addresses these questions and also analyses the impact of the most recent major EU policy measures, in particular the Energy & Climate Package of January 2008 and the 3rd Liberalisation Package of September 2007. This book finds that both of these proposals are highly ambitious. But implementing them and reviewing both volume and allocation of energy R&D will be necessary to achieve a sustainable energy future in a fully competitive integrated EU energy market.

  4. On Chaotic Nature of the Emerging European Forex Markets

    National Research Council Canada - National Science Library

    Anoop S Kumar; B Kamaiah

    2014-01-01

    This study attempts to analyze the presence deterministic chaos in the forex markets of select European countries namely Bulgaria, Croatia, Czech Republic, Hungary Poland, Romania, Russia, Slovakia and Slovenia...

  5. European Globalisation Adjustment Fund-Assistance in the Labour Market

    Directory of Open Access Journals (Sweden)

    Ramona Mariana CALINICA

    2016-12-01

    Full Text Available The intensification of globalization and through intense manifestation of the effects on recent economic and financial crisis, employment market has been affected, and at European Union level was considered increasingly necessary granting support for counter of the negative effects of the two phenomena on this market. European Globalisation Adjustment Fund is designed for a rapid reintegration of fired workers and increase of the employment potential of the workforce, after mass dismissals linked to the two phenomena mentioned above.

  6. European energy security : Challenges and green opportunities

    OpenAIRE

    Heshmati, Almas; Abolhosseini, Shahrouz

    2017-01-01

    This research reviews relevant literature on the current state and effectiveness of developing renewable energy on energy security in general, and on energy security in the European Union in particular. The paper elaborates on primary energy import sources, possible alternatives, and how energy security is affected by the sources of supply. It also gives an analysis of the effects of the Ukrainian crisis, the isolation of Iran on diversification sources, and on European energy security. It ex...

  7. ENERGY POLICY IN THE EUROPEAN UNION

    OpenAIRE

    Pazderníková, Kamila

    2006-01-01

    This work focuses on the reasons and beginnings of creation of European energy policy, the role of environment in this policy and different kinds of energy sources with special focus on the renewable ones. The hot topic of liberalization of European energy policy is also discussed. Powered by TCPDF (www.tcpdf.org)

  8. European observatory of the energy markets. Period 2004 and winter 2004/05; Observatoire European des marches de l'energie. Periode 2004 et hiver 2004/05

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-07-01

    The report underlines for the studied period many tendencies which could compromise the supplying safety: the prices increase of the primary energies, the production margins decrease during the peak period, the poor progression of the frontier exchange, and a weak of a long dated vision leading to the investments deficit in the infrastructures.

  9. European energy law in Germany; Europaeisiertes Energierecht in Deutschland

    Energy Technology Data Exchange (ETDEWEB)

    Allwardt, C.

    2006-07-01

    The book focuses on deregulation and unbundling of the European electricity market. The structure of the European power supply industry is described, with the focus on Germany. European and German boundary conditions are outlined, and the German Erneuerbare-Energien-Gesetz (Renewables Act) and its amendments is discussed in detail. The author discusses if the mechanism claimed in this Act for funding of renewable energy sources is compatible with European law, especially as regards competition and free trading as well as financial aids. It is found that there should be no doubts on a European level as any obstacles set by the Act are justified by European environmental policy. The case is different on a national scale as the mechanism concerning exceptions form the rule is incompatible with the equality principle laid down in the German constitution. (orig.)

  10. ECOHEATCOOL Work Package 1. The European heat market. Final Report

    Energy Technology Data Exchange (ETDEWEB)

    Werner, Sven [Chalmers Univ. of Technology (Sweden)

    2005-07-01

    The main purpose with this report was to present an overall definition and description of the European heat market during 2003. The target area covers 32 countries, including the EU25 member states, the four accession countries, and three EFTA countries. The definition of the European heat market is the important foundation for the quantification of the benefits of an expanded use of district heating in Europe. This quantification will be performed in the fourth work package of the ECOHEATCOOL project. Focus was directed towards the demand side of the European energy system and not the supply side. All heat and electricity volumes consider heat (after energy conversion when fuels are used), which is beyond the interface of final consumption used in international energy statistics. However, the origin of the net heat supply is presented. The main information source for the analysis has been the IEA energy balances for OECD and non-OECD countries for 2003. The total heat demands in the target area have been estimated by the sum of net heat and electricity end use. Net heat has been estimated as the sum of geothermal heat, solar heat, district heat, and heat generated from the end use of fuels. Electricity use was included since some electricity is used for space heating and hot water preparation. Indoor use of electricity contributes also to the heat balances of buildings, since all electricity use converts into heat in the final end. Industrial demands have been estimated to be 8,7 EJ of net heat used and 4,4 EJ electricity. The industrial customers paid 120 billion EUR for these services, including national energy taxes and excluding VAT. The total demands in the residential, service, and agriculture sectors (also recognised as the others sector in international energy statistics) was 13,0 EJ of net heat and 5,9 EJ of electricity. The total corresponding customer cost was 270 billion EUR, including national energy taxes and excluding VAT. The demands in the others

  11. Modeling and Forecasting the Volatility of Eastern European Emerging Markets

    Directory of Open Access Journals (Sweden)

    Sang Hoon Kang

    2009-06-01

    Full Text Available This study has attempted to seek a volatility forecasting model that can reflect sufficiently the long memory characteristic in the volatility of four Eastern European emerging stock markets, naThis study has attempted to seek a volatility forecasting model that can reflect sufficiently the long memory characteristic in the volatility of four Eastern European emerging stock markets, namely, Hungary, Poland, Russia, and Slovakia. From the results of our empirical analysis, we found that the FIGARCH model is better equipped to capture the long memory property in the volatility of these markets than the GARCH and IGARCH models. More importantly, the FIGARCH model is found to provide superior performance in one-day-ahead volatility forecasts. Thus, this study recommends researchers, portfolio managers, and traders to use the long memory FIGARCH model in analyzing and forecasting the volatility dynamics of Eastern European emerging markets.

  12. Energy Savings Certificate Markets: Opportunities and Implementation Barriers

    Energy Technology Data Exchange (ETDEWEB)

    Friedman, B.; Bird, L.; Barbose, G.

    2009-07-01

    Early experiences with energy savings certificates (ESCs) have revealed their merits and the challenges associated with them. While in the United States ESC markets have yet to gain significant traction, lessons can be drawn from early experiences in the states of Connecticut and New York, as well as from established markets in Italy, France, and elsewhere. The staying power of European examples demonstrates that ESCs can help initiate more efficiency projects. This article compares ESCs with renewable energy certificates (RECs), looks at the unique opportunities and challenges they present, and reviews solutions and best practices demonstrated by early ESC markets. Three major potential ESC market types are also reviewed: compliance, voluntary, and carbon. Additionally, factors that will benefit ESC markets in the United States are examined: new state EEPS policies, public interest in tools to mitigate climate change, and the growing interest in a voluntary market for ESCs.

  13. Convergence to the European Energy Policy in European countries: case studies and comparison

    Directory of Open Access Journals (Sweden)

    César Teixeira

    2014-10-01

    Full Text Available Purpose – Our paper aims at analyzing how different European countries cope with the European Energy Policy, which proposes a set of measures (free energy market, smart meters, energy certificates to improve energy utilization and management in Europe.Design/methodology/approach – The paper first reports the general vision, regulations and goals set up by Europe to implement the European Energy Policy. Later on, it performs an analysis of how some European countries are coping with the goals, with financial, legal, economical and regulatory measures. Finally, the paper draws a comparison between the countries to present a view on how Europe is responding to the emerging energy emergency of the modern world.Findings – Our analysis on different use cases (countries showed that European countries are converging to a common energy policy, even though some countries appear to be later than others In particular, Southern European countries were slowed down by the world financial and economical crisis. Still, it appears that contingency plans were put into action, and Europe as a whole is proceeding steadily towards the common vision.Research limitations/implications – European countries are applying yet more cuts to financing green technologies, and it is not possible to predict clearly how each country will evolve its support to the European energy policy.Practical implications – Different countries applied the concepts and measures in different ways. The implementation of the European energy policy has to cope with the resulting plethora of regulations, and a company proposing enhancement regarding energy management still has to possess robust knowledge of the single country, before being able to export experience and know-how between European countries.Originality/Value – Even though a few surveys on energy measures in Europe are already part of the state-of-the-art, organic analysis diagonal to the different topics of the European

  14. Labour Market Institutions and Labour Market Performance in the European Union

    OpenAIRE

    Michal, Tvrdon

    2008-01-01

    The presented article deals with labour market institutions and labour market performance in the European Union. The first chapter is devoted to theoretical and methodological background of labour market performance. Theoretical literature has created a set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labour, active labour market policy, the system of unemployment and social benefits. All these aspects determine the institutiona...

  15. Information report made on behalf of the commission of economic affairs and national development and of the energy study group about the proceedings of the colloquium ''the European energy market: stakes and consequences of the opening'' organized by the French Senate on December 12, 2001; Rapport d'information fait au nom de la commission des Affaires Economiques et du Plan et du groupe d'etude de l'Energie sur les actes du colloque ''le marche europeen de l'energie: enjeux et consequences de l'ouverture'' organise par le Senat le 12 decembre 2001

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-07-01

    This report summarizes the debates that took place during this colloquium about the future unique and opened European energy market: 1 - a unique energy market in 2005: a voluntaristic perspective between a challenge and an imperative; 2 - the risks and opportunities of an opened market; 3 - the strategic and political choices for a sustainable regulated European market; 4 - which decisions for France? (J.S.)

  16. Registries in European post-marketing surveillance

    DEFF Research Database (Denmark)

    Bouvy, Jacoline C; Blake, Kevin; Slattery, Jim

    2017-01-01

    in the post-marketing setting. Methodological challenges met in conducting this study highlighted the need for a clarification of definitions and epidemiological concepts around patient registries. The results will inform the EMA Patient Registry initiative to support use of existing patient registries......PURPOSE: Regulatory agencies and other stakeholders increasingly rely on data collected through registries to support their decision-making. Data from registries are a cornerstone of post-marketing surveillance for monitoring the use of medicines in clinical practice. This study was aimed...... for a registry was made as a condition of the marketing authorisation. All centrally authorised products that received a positive opinion of the EMA Committee for Medicinal Products for Human Use between 1 January 2005 and 31 December 2013 were included. Data regarding registry design and experiences were...

  17. Impact of Germany's energy transition on the Nordic power market – A market-based multi-region energy system model

    DEFF Research Database (Denmark)

    Zakeri, Behnam; Virasjoki, Vilma; Syri, Sanna

    2016-01-01

    The EU energy policy aims at creating a single European electricity market through market couplings and grid expansions. To analyse the implications of such power market couplings, we propose a market-based multi-region energy system model. The model simulates a multi-region power market (by...... applying market optimization and network theory), with detailed representation of each region as an energy system (by simulation of both heat and power sectors). We examine the impact of further integration of variable renewable energy (VRE) in Germany on the Nordic power market. The results indicate...... that the average electricity price slightly grows in the Nordic power market after Germany's Energy Transition (Energiewende). Hence, the economic surplus of Nordic consumers diminishes while Nordic producers improve their gain under new market conditions. Considering the gird congestion income, the overall system...

  18. estec2007 - 3rd European solar thermal energy conference. Proceedings

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-12-14

    The sessions of the 'estec2007 - 3{sup rd} European Solar Thermal Energy Conference held in Freiburg, Germany have the following titles: The solar thermal sector at a turning point; Cooling and Process Heat, Country reports Europe; Standards and Certification; Country reports outside Europe; Awareness raising and marketing; Domestic hot water and space heating; Domestic hot water and space heating; Quality Assurance and Solar Thermal Energy Service Companies; Collectors and other key technical issues; Policy - Financial incentives; Country Reports; Marketing and Awareness Raising; Quality Assurance Measures/Monistoring; Standards and Certification; Collectors; Domestic Hot Water and Space Heating; Industrial Process Heat; Storage; Solar Cooling. (AKF)

  19. Network Codes – European Energy Law in the Making

    Directory of Open Access Journals (Sweden)

    Grzegorz Błajszczak

    2015-06-01

    Full Text Available The European Union is preparing a series of regulations governing in detail various aspects of grid operation and free-market trade in electricity and gas, the so-called network codes. The paper reviews this process of European energy legislation development. Also discussed are the European Union bodies and major stakeholders in this process, as well as the national law making and enforcing agencies. In the past, law in Poland was created by Polish citizens. After joining the European Union the law in effect is largely created elsewhere by someone else, even if with significant participation of Polish representatives. The law on energy is not only important for producers, distributors and trading companies, but it strongly effects industrial competitiveness and hence the quality of life of the population.

  20. European Union energy policy integration: A case of European Commission policy entrepreneurship and increasing supranationalism.

    Science.gov (United States)

    Maltby, Tomas

    2013-04-01

    Focusing on gas, this article explores the role of the European Commission in the process of European Union energy security policy development, and the extent to which the policy area is becoming increasingly supranational. Situating the article within the literature on agenda-setting and framing, it is argued that a policy window was opened as a result of: enlargement to include more energy import dependent states, a trend of increasing energy imports and prices, and gas supply disruptions. From the mid-2000s, the Commission contributed to a shift in political norms, successfully framing import dependency as a problem requiring an EU-level solution, based on the institution's pre-existing preferences for a diversified energy supply and internal energy market. Whilst Member States retain significant sovereignty, the Commission has achieved since 2006 creeping competencies in the internal, and to a lesser extent external, dimensions of EU energy policy.

  1. The beef market in the European Union

    DEFF Research Database (Denmark)

    Nielsen, Niels Asger; Jeppesen, Lisbeth Fruensgaard

    of total meat consumption 3. As a consequence of the consumers' demand for convenient shopping, butcher's share of total beef sales is rapidly decreasing in Europe. 4. Changes in meat consumption have traditionally been explained by relative price and per capita income, but these economic demand analyses...... can explain a rapidly decreasing share of the variation in beef consumption. 5. Studies show that beef consumption tends to increase with age; the heavy users are found among middle-aged men. Beef consumption also increases with income and social class. 6. The most important user-oriented quality...... characteristics determining the consumers' value perception of a piece of meat appear to be fat, tenderness, taste and freshness. 7. The primary production of beef is fragmented in most European countries and the average number of cattle at a European cattle farm is only slowly rising. Two thirds of the cows...

  2. The beef market in the European Union

    DEFF Research Database (Denmark)

    Nielsen, Niels Asger

    's share of total meat consumption 3. As a consequence of the consumers' demand for convenient shopping, butcher's share of total beef sales is rapidly decreasing in Europe. 4. Changes in meat consumption have traditionally been explained by relative price and per capita income, but these economic demand...... analyses can explain a rapidly decreasing share of the variation in beef consumption. 5. Studies show that beef consumption tends to increase with age; the heavy users are found among middle-aged men. Beef consumption also increases with income and social class. 6. The most important user-oriented quality...... characteristics determining the consumers' value perception of a piece of meat appear to be fat, tenderness, taste and freshness. 7. The primary production of beef is fragmented in most European countries and the average number of cattle at a European cattle farm is only slowly rising. Two thirds of the cows...

  3. ASPECTS REGARDING THE ORGANIC FOOD MARKET IN SEVERAL EUROPEAN COUNTRIES

    Directory of Open Access Journals (Sweden)

    MANUELA-DORA ORBOI

    2008-05-01

    Full Text Available The global organic market is increasing constantly, organic sales reaching over USD 5 billion per year. Organic Monitor estimates that international sales amounted to about USD 38.6 billion in 2006, more than the double of USD 18 billion in 2000. The organic demand is concentrated in North America and Europe, these two regions comprising 97% of the global revenues. The European organic food and beverage market is the largest and most complex in the world, evaluated at USD 20 billion in 2006. Many European countries offer grants to organic farms to support organic production. This production-oriented strategy will have guaranteed success if the market structures and the marketing channels will be able to face the rapidly increasing demand and if the sellers adapt their products, sales channels and prices to the consumers’ demand.

  4. Efficiency of European emissions markets: Lessons and implications

    Energy Technology Data Exchange (ETDEWEB)

    Krishnamurti, Chandrasekhar [University of Southern Queensland (Australia); Hoque, Ariful, E-mail: Ariful.Hoque@unisa.edu.au [School of Commerce, University of South Australia, 37-44 North Terrace, Adelaide, SA 5000 (Australia)

    2011-10-15

    While prior studies have shown that emission rights and futures contracts on emission rights are efficiently priced, there are no studies on the efficiency of the options market. Therefore, this study fills the gap. We examine empirical evidence regarding the efficiency of the options market for emissions rights in Europe. We employ the put-call parity approach to test the efficiency of options on emission rights traded in the European market. This implies that firms can trade options on emission rights in addition to other existing strategies in order to manage their greenhouse gas emissions. - Highlights: > Efficiency of the European options market for emissions. > Design implications for the development of emissions trading schemes in other countries. > Governance issues pertaining to emissions trading.

  5. The Impact of Wind Power on European Natural Gas Markets

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-09-06

    Due to its clean burning properties, low investment costs and flexibility in production, natural gas is often put forward as the ideal partner fuel for wind power and other renewable sources of electricity generation with strongly variable output. This working paper examines three vital questions associated with this premise: 1) Is natural gas indeed the best partner fuel for wind power? 2) If so, to what extent will an increasing market share of wind power in European electricity generation affect demand for natural gas in the power sector? and 3) Considering the existing European natural gas markets, is natural gas capable of fulfilling this role of partner for renewable sources of electricity?.

  6. Risk-Return Trade-Off for European Stock Markets

    DEFF Research Database (Denmark)

    Aslanidis, Nektarios; Christiansen, Charlotte; Savva, Christos S.

    This paper adopts dynamic factor models with macro-finance predictors to revisit the intertemporal risk-return relation in five large European stock markets. We identify country specific, Euro area, and global factors to determine the conditional moments of returns considering the role of higher......-order moments as additional measures of risk. The preferred combination of factors varies across countries. In the linear model, there is a strong but negative relation between conditional returns and conditional volatility. A Markov switching model describes the risk-return trade-off well. A number...... of variables have explanatory power for the states of the European stock markets....

  7. The Scale and Geography of Collusion in the European Market

    DEFF Research Database (Denmark)

    Buch-Hansen, Hubert; Levallois, Clement

    2015-01-01

    Europe has a long history of cartels, but the changes in the scale and geography of collusion in the European market from the post-war decades until the present have not been systematically investigated. Using network analysis methods and an original dataset based on decisions in EU cartel cases......, this paper maps the developments in detected collusion in the European market from 1958 to 2008 and tentatively explains these developments. It appears that collusive activities increased during the 1960s and after the mid-1980s and that a long decline in the scale of collusion began in the mid-1990s...

  8. The European wood pellet markets: current status and prospects for 2020

    NARCIS (Netherlands)

    Sikkema, R.|info:eu-repo/dai/nl/110609913; Steiner, M.; Junginger, H.M.|info:eu-repo/dai/nl/202130703; Hiegl, W.; Hansen, M.T.; Faaij, A.P.C.|info:eu-repo/dai/nl/10685903X

    2011-01-01

    The wood pellet market is booming in Europe. The EU 2020 policy targets for renewable energy sources and greenhouse gas (GHG) emissions reduction are among the main drivers. The aim of this analysis is to map current European national wood pellet demand and supplies, to provide a comprehensive

  9. Energy Imbalance Markets (Fact Sheet)

    Energy Technology Data Exchange (ETDEWEB)

    2012-09-01

    The anticipated increase in variable renewable generation, such as wind and solar power, over the next several years has raised concerns about how system operators will maintain balance between electricity production and demand in the Western Interconnection, especially in its smaller balancing authority areas (BAAs). Given renewable portfolio standards in the West, it is possible that more than 50 gigawatts of wind capacity will be installed by 2020. Significant quantities of solar generation are likely to be added as well. Meanwhile, uncertainties about future load growth and challenges siting new transmission and generation resources may add additional stresses on the Western Interconnection of the future. One proposed method of addressing these challenges is an energy imbalance market (EIM). An EIM is a means of supplying and dispatching electricity to balance fluctuations in generation and load. It aggregates the variability of generation and load over multiple balancing areas (BAs).

  10. Constant Proportion Portfolio Insurance Strategy in Southeast European Markets

    OpenAIRE

    Agić-Šabeta, Elma

    2016-01-01

    Background: In today’s highly volatile and unpredictable market conditions, there are very few investment strategies that may offer a certain form of capital protection. The concept of portfolio insurance strategies presents an attractive investment opportunity. Objectives: The main objective of this article is to test the use of portfolio insurance strategies in Southeast European (SEE) markets. A special attention is given to modelling non-risky assets of the portfolio. Methods/Approach: Mo...

  11. The strategy of players on the European gas market

    Energy Technology Data Exchange (ETDEWEB)

    Lecarpentier, A

    2006-07-01

    One result of opening up the European gas market to competition has been to increase the number and diversity of the players involved, whether producers, suppliers or electric utilities. However, while the gas on offer is still controlled by a handful of market players given the increasing importance of state-owned companies from exporting countries outside Europe, the downstream gas sector continues to show a strong concentration of incumbent operators seeking a dominant position in the supply of gas. (author)

  12. International Financial Reporting Standards and Market Efficiency: A European Perspective

    OpenAIRE

    Lambert, M.; Hübner, G.; P.-A. Michel; Olivier, H.

    2006-01-01

    We investigate how the voluntary adoption of the International Financial Reporting Standards (IFRS) prior to 2005 has contributed to the informational efficiency regarding pan-European stock markets. We find evidence of the potential usefulness of the IFRS for making financial decisions. Taking a sample of IFRS early adopters, our study indicates that the new standards clearly support the semistrong-form of market efficiency for the firms disclosing good accounting news, while a more progress...

  13. Report on the green paper on energy. Four years of European initiatives

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-07-01

    In December 2000, the European Commission adopted a Green Paper on European Union energy policy. This brochure takes stock of the action undertaken in the following areas over the last four years:managing demand, diversifying internal energy sources,developing the internal energy market and the security of external supply. It presents: the Green Paper stakes, the progress made, the four political challenges, managing demand, diversifying European sources, the streamlined internal energy market, controlling external supply, future prospects for the Union, legislative developments and ten possibilities for economical energy use. (A.L.B.)

  14. European airlines enter the biofuels market. Business Project Report

    Energy Technology Data Exchange (ETDEWEB)

    Van den Heuvel, E.

    2011-06-15

    Biofuels might offer opportunities for achieving improved balance of power to the European airlines in their market environment. The aviation sector in Europe is a high competitive market. It faces high rivalry and increasing fuel costs due to rising oil prices. Moreover, from 2012 the sector will be subject to stringent rules with respect to maximum allowed carbon emissions. Investigating the competitive forces in the aviation sector and executing a strategic group analysis maps the competitors and the major players in the supply chain and the options they have for using alternative fuels for low carbon performance. Both the market and non-market strategies of several European airlines have been studied. It appears that airlines are aiming at first mover advantage by moving upstream in the biofuel value chain. They search for collaboration with other stakeholders to change government regulation to their benefit and influence public opinion and research agendas. Airlines are late entrants in the biofuels market. This research has shown that biofuels can improve the market power balance for European airlines. Biofuels are key to improve the carbon performance of airlines. However, this implies that airlines take position at the resource side of the value chain for biojetfuels. This has the advantage of controlling the security of supply and managing biofuels production complying to ruling sustainability criteria.

  15. New market designs and their effect on economic performance in European Union's natural gas markets.

    NARCIS (Netherlands)

    Haase, N.; Bressers, Johannes T.A.; Arentsen, Maarten J.

    2008-01-01

    The European gas market reform triggered new market designs which aimed to achieve competitive natural gas prices, efficiency gains, and security of gas supply. The paper analyses to what extent the effects of regulation-for-competition on eco-nomic performance in the form of natural gas prices,

  16. Energy and environmental market in industrial enterprises in Thailand

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-04-01

    This paper discusses markets related with energy conservation and environment preservation in industrial enterprises in Thailand. The present Thailand is not in a situation that investments are made into environmental businesses or energy saving businesses. However, the attitude of the government toward environment is that emphasis is placed on solving the environmental pollution problems. Laws and regulations are defined for assistance in environment preservation to corporations making efforts to increase export, resource protection and energy conservation. These measures lead to expectation on bright future in developing technologies and markets related to environment preservation and energy conservation. Control of wastes by using clean technologies and enhancement in productivity are very important issues for the export of Thailand partly because European countries and America set these requirements as a condition for transaction. The markets related to energy conservation and environment preservation are anticipated of participation from such businesses as consultants, device manufacturers, and inspection and analysis of environmental effects. (NEDO)

  17. Energy efficiency, market failures, and government policy

    Energy Technology Data Exchange (ETDEWEB)

    Levine, M.D.; Koomey, J.G.; McMahon, J.E.; Sanstad, A.H. [Lawrence Berkeley Lab., CA (United States). Energy and Environment Div.; Hirst, E. [Oak Ridge National Lab., TN (United States). Energy Div.

    1994-03-01

    This paper presents a framework for evaluating engineering-economic evidence on the diffusion of energy efficiency improvements. Four examples are evaluated within this framework. The analysis provides evidence of market failures related to energy efficiency. Specific market failures that may impede the adoption of cost-effective energy efficiency are discussed. Two programs that have had a major impact in overcoming these market failures, utility DSM programs and appliance standards, are described.

  18. Economic Discourse and European Market Integration: The Problem of Financial Market Infrastructures

    OpenAIRE

    Krarup, Troels

    2016-01-01

    European integration of financial markets appears to repeatedly encounter specific kinds of problems about the substance and limits of the notion of “the market” undergoing integration, and about the status and role of money, market infrastructures, and government within it. Moreover, these problems and the controversies around them parallel classical discussions in economic theory such as that between conceptions of the market as a frictionless space and as a process of competition. A “compe...

  19. Tradable CO2 permits in Danish and European energy policy

    DEFF Research Database (Denmark)

    Varming, S.; Eriksen, P.B.; Grohnheit, Poul Erik

    2000-01-01

    This report presents the results of the project "Tradable CO2 permits in Danish and European energy policy". The project was financed by a grant from the Danish Energy Research Programme 1998 (Grant 1753/98-0002). The project was conducted in co-operationbetween Elsamprojekt A/S (project manager......), Risø National Laboratory, Aarhus School of Business and I/S Eltra. The three major objectives of the project were: To identify and analyse the economical and political issues that are relevant with regard tothe construction of a tradable CO_2 permit market as well as proposing a suitable design...... for a tradable CO_2 permit market for the energy sector in the EU. Experience from the tradable SO_2 permit market in the US is taken into consideration as well. Topresent an overview of price estimates of CO_2 and greenhouse gas permits in different models as well as discussing the assumptions leading...

  20. EUROPEAN ENERGY INTERCONNECTION EFFECTS ON THE ROMANIAN ECONOMY

    Directory of Open Access Journals (Sweden)

    Ionescu Mihaela

    2014-07-01

    Full Text Available In this paper the author wants to exemplify the extent to which economic growth in Romania is influenced by the current power system infrastructure investments in Europe. Electricity transmission infrastructure in Romania is at a turning point. The high level of security of supply, delivery efficiency in a competitive internal market are dependent on significant investment, both within the country and across borders. Since the economic crisis makes investment financing is increasingly difficult, it is necessary that they be targeted as well. The European Union has initiated the “Connecting Europe” through which investments are allocated to European energy network interconnection of energy. The action plan for this strategy will put a greater emphasis on investments that require hundreds of billions of euro in new technologies, infrastructure, improve energy intensity, low carbon energy technologies. Romania's energy challenge will depend on the new interconnection modern and smart, both within the country and other European countries, energy saving practices and technologies. This challenge is particularly important as Romania has recovered severe gaps in the level of economic performance compared to developed countries. Such investment will have a significant impact on transmission costs, especially electricity, while network tariffs will rise slightly. Some costs will be higher due to support programs in renewable energy nationwide.Measures are more economically sustainable to maintain or even reinforce the electricity market, which system can be flexible in order to address any issues of adequacy. These measures include investments in border infrastructure (the higher the network, so it is easier to evenly distribute energy from renewable sources, to measure demand response and energy storage solutions.An integrated European infrastructure will ensure economic growth in countries interconnected and thus Romania. Huge energy potential of

  1. Energy costs form European wind farms

    Energy Technology Data Exchange (ETDEWEB)

    Milborrow, D. [Windpower Monthly, Knebel (Denmark)

    1995-12-31

    Energy generation costs from European wind farms span a very wide range. Reasons for these variations, include differences in capital and operating costs, wind speeds and differing legislative and regulatory frameworks. This article compares costs, wind speeds and discount rates for British and German windfarms and sets these alongside data from elsewhere in the European Union. In this way it is possible to determine the reasons for differences in energy generation costs. (author)

  2. Marketing approaches at European level – The case of Southern-European countries

    Directory of Open Access Journals (Sweden)

    Bianca TESCAŞIU

    2016-07-01

    Full Text Available The specialization of Marketing refers not only on specific focus on some domains, but, also, to its adaptation on regional issues. During the globalization process, marketers adapted their activity to new trends, such as: standardization, integrated distribution, production transfer, comparative advantage, etc. The common aspects of some regional markets determined the marketers to approach differently some homogeneous regions in the World economy. In this sense, the article intends to establish the main differences and the common aspects of a very important area in the European economy – The South East of Europe.

  3. Investing in European market real property through reits

    Science.gov (United States)

    Adamuscin, A.

    2010-03-01

    For institutional and private investors, investing in real estate represents an attractive form of the consignment of their money. Real estate provides a regular source of income in the form of the rent from or interest on the credit provided. At the same time, real estate is a good investment instrument, because it provides diversified contributions and security against inflation for investors. In their efforts to diversify risk, investors are expressing growing interest in investing in the whole European Union. The success of Real Estate Investment Trusts (REITs) in the U.S. also opened the door for investing in this market for small investors, which is the reason for the development of this type of investment company in the European arena. One problem concerning the development of European real estate investment funds is the unsolved issue of the harmonization of the legislation and regulatory safety measures, which would enable the creation of a common market for new investment products in Europe.

  4. Patterns and Regularities in the European Marketing Academic Community

    DEFF Research Database (Denmark)

    Christensen, Katrine; Krystallis Krontalis, Athanasios; Ormrod, Robert P.

    2011-01-01

    Recent years have seen a growing interest in the nature of scientific collaboration, as researchers have become interested in how knowledge is generated in research communities. The aim of the current paper is to provide insights into the structure of the European Marketing Academy (EMAC) and to ...... partners is socio-cultural and geographical proximity rather than marketing sub-discipline, pointing towards a very systematic tendency for EMAC members to be organised around institutions in the same or culturally related countries.......Recent years have seen a growing interest in the nature of scientific collaboration, as researchers have become interested in how knowledge is generated in research communities. The aim of the current paper is to provide insights into the structure of the European Marketing Academy (EMAC...

  5. Patterns and Regularities in the European Marketing Academic Community

    DEFF Research Database (Denmark)

    Krystallis Krontalis, Athanasios; Ormrod, Robert P.; Christensen, Katrine

    2011-01-01

    Recent years have seen a growing interest in the nature of scientific collaboration, as researchers have become interested in how knowledge is generated in research communities. The aim of the current paper is to provide insights into the structure of the European Marketing Academy (EMAC) and to ...... partners is socio-cultural and geographical) proximity rather than marketing sub-discipline, pointing towards a very systematic tendency for EMAC members to be organised around institutions in the same or culturally related countries.......Recent years have seen a growing interest in the nature of scientific collaboration, as researchers have become interested in how knowledge is generated in research communities. The aim of the current paper is to provide insights into the structure of the European Marketing Academy (EMAC...

  6. Has the European union achieved a single pharmaceutical market?

    Science.gov (United States)

    Timur, Aysegul; Picone, Gabriel; DeSimone, Jeffrey

    2011-12-01

    This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry. With the aim of enhancing quality of life along with industry competitiveness and R&D capability, many EU directives have been adopted to achieve a single EU-wide pharmaceutical market. Using annual 1994-2003 data on prices of molecules that treat cardiovascular disease, we examine whether drug price dispersion has indeed decreased across five EU countries. Hedonic regressions show that over time, cross-country price differences between Germany and three of the four other EU sample countries, France, Italy and Spain, have declined, with relative prices in all three as well as the fourth country, UK, rising during the period. We interpret this as evidence that the EU has come closer to achieving a single pharmaceutical market in response to increasing European Commission coordination efforts.

  7. Energy markets : changes toward decarbonization and valorization

    NARCIS (Netherlands)

    Krozer, Yoram

    Mechanisms of global changes on energy markets are reviewed. The main mechanisms are decarbonization of energy recourses and valorization of energy products. The decarbonization covers modest increases of energy-efficiency in industries and households along with fast substitution of fossil energy

  8. European Energy Security amid Ukrainian Crisis

    Directory of Open Access Journals (Sweden)

    Kumar Vijay

    2016-01-01

    Full Text Available On the basis of overall analysis of the European dependence on Russia for its energy needs (mainly gas and oil this paper tries to argue that economic sanction against Russia will have limited success. It will hurt the region badly, but it has more potential to jeopardize the European energy security aspect – a long cherished goal of the European nations. So, the best means to solve the Ukraine crisis is political and diplomatic tools, not the economic ones.

  9. TAXATION OF ENERGY PRODUCTS AND ELECTRICITY TO THE EUROPEAN UNION LEVEL

    Directory of Open Access Journals (Sweden)

    PĂUNESCU ALBERTO NICOLAE

    2012-06-01

    Full Text Available U.E established to increase socio-economic stability and security of supply, the Energy Community has set a good example of regional cooperation in which the EU and the South-Eastern European countries can diversify their energy sources. It has created a functioning institutional framework and more legal certainty for investors. Next steps are to enhance market reforms and to boost investments in the energy sector. The final objective is that the regional market should be fully integrated in the European's internal energy market

  10. Renewable Energy in European Regions

    NARCIS (Netherlands)

    Krozer, Yoram

    2012-01-01

    The regional dynamics of energy innovation, in particular the shift from fossil fuels to renewable energy in the EU, is discussed within the framework of neo-Schumpeterian theory. The EU’s 4.2% average annual growth in renewable energy production in the last decade has been accompanied by diverging

  11. Power Contro Energy Management and Market Systems

    Energy Technology Data Exchange (ETDEWEB)

    Tom Addison; Andrew Stanbury

    2005-12-15

    More efficient use of the nation's electrical energy infrastructure will result in minimizing the cost of energy to the end user. Using real time electrical market information coupled with defined rules, market opportunities can be identified that provide economic benefit for both users and marketers of electricity. This report describes the design of one such system and the features a fully functional system would provide. This report documents several investigated methods of controlling load diversity or shifting.

  12. Relevant Market in Commercial Aviation of the European Union

    Directory of Open Access Journals (Sweden)

    Jakub Kociubiński

    2011-06-01

    Full Text Available The purpose of this paper is to provide a brief overview of the issue of definition of relevant market in civil aviation within the European Union. The liberalization of the market since the early 1990s has led to a rapid increase in the number of airlines operating in the EU. The increase in the competitiveness of the market has brought many positive changes for passengers, such as lower fares and a better network of connections. At the same time it has created a risk that the airlines, in order to gain a competitive edge, would infringe the rules of competition. This is especially important in the context of the phenomenon that is the development of the airline alliances, which could lead to an abuse of a dominant position. A clear definition of the relevant market is a first step in an assessment of whether such an abuse occurred. This paper focus on the elements that Internal Market regulator, the European Commission, takes into consideration when defining relevant market in the airline industry.

  13. MARKETING MIX IN OLTENIA ENERGY COMPLEX

    Directory of Open Access Journals (Sweden)

    Păunescu Alberto Nicolae

    2012-12-01

    Full Text Available Electricity generation in Romania it’s realized in percentage 30 % in OLTENIA ENERGY COMPLEX. This is the biggest producer of energy, end coal in the country. Therefore Marketing mix is very important to ensure that the company grows. The final objective is that the volume of sales, market share and growth.

  14. TOWARDS A COMMON ENERGY POLICY IN THE EUROPEAN UNION?

    Directory of Open Access Journals (Sweden)

    András Inotai

    2008-09-01

    Full Text Available Energy policy issues have got increasing relevance in the strategic orientation of the European Union (EU in general, and in identifying specific economic policy tasks, in particular. Steadily high energy (oil and gas prices in the last years constitute one factor. However, global political and security issues of growing degree of uncertainty, the level of dependence on imported energy and, not less importantly, the forecasts of growing external dependence of the EU in this field have substantially contributed to the upgrading of the energy question. Finally, the liberalization of the single market, not least in the crucial area of energy supply and the enlargement of the EU by 12 new members, with specific composition of production and not less specific pattern of imports of energy, enhanced the importance of energy in the enlarged EU, with a view to shape and implement a common energy policy.

  15. Considerations for Emerging Markets for Energy Savings Certificates

    Energy Technology Data Exchange (ETDEWEB)

    Friedman, B.; Bird, L.; Barbose, G.

    2008-10-01

    Early experiences with energy savings certificates (ESCs) have revealed both their merit and the challenges associated with them. In the United States, there has been little activity to date, so any lessons must be drawn from experiences in Italy, the United Kingdom (UK), France, and elsewhere. The staying power of European examples, particularly in Italy, demonstrates that ESCs can help initiate more efficiency projects. Although a robust market for renewable energy certificates (RECs) has emerged in both the voluntary and policy compliance contexts in the United States, ESCs have yet to gain significant traction. This report looks at the opportunity presented by ESCs, the unique challenges they bring, a comparison with RECs that can inform expectations about ESC market development, and the solutions and best practices early ESC market experience have demonstrated. It also examines whether there are real market barriers that have kept ESCs from being adopted and what structural features are necessary to develop effective trading programs.

  16. Meat export competitiveness of European Union countries on global markets

    Directory of Open Access Journals (Sweden)

    Štefan Bojnec

    2014-10-01

    Full Text Available The purpose of this research is to provide insight into the export competitiveness of meat products of the European Union (EU-27 member states on global markets. The revealed comparative advantage index is used to analyze the levels, compositions, and evolutions in patterns of development in the export competitiveness of meat products and their levels of stability at the product level. Except for some niche meat products, a larger number of the EU-27 member states have experienced comparative disadvantages on global markets over the analysed years of 2000 to 2011. The revealed comparative advantages on the global markets are the most robust for Ireland, Spain, the Netherlands, France, Belgium, Denmark, Poland, Cyprus and Hungary. The revealed comparative advantage indices and their survival rates differ across the meat product groups. The heterogeneity in export competitiveness of the EU-27 member states suggests the importance of the differentiation of meat products in competitive export specialization on global markets.

  17. Multiple Hub Network Choice in the Liberalized European Market

    Science.gov (United States)

    Berechman, Joseph; deWit, Jaap

    1997-01-01

    A key question that so far has received relatively little attention in the germane literature is that of the changes at various airports as a result of the EU liberalization policies. That is, presently, most major European airports still benefit from the so-called home-carrier phenomenon where the country's publicly or semi-publicly owned carrier uses the country's main airport as its gateway hub and, consequently, the home-carrier is also the principal user of this airport (in terms of proportion of total aircraft movements, number of passengers transported, connections, slots ownership, etc.). The country's main airport has substantially benefited from these monopoly conditions of airline captivity, strongly determined by the bilateral system of international air transport regulation. Therefore, European major airports were used to operate in essentially different markets, compared to the increasingly competitive markets of their home based carriers. This partly explains relative stability of transport volumes and financial results of European major airports compared to the relatively volatile financial results of most European national airlines. However, the liberalization of European aviation is likely to change this situation. Market access is open now to all community carriers, i.e. carriers with majority ownership and effective control in the hands of EU citizens. Ticket prices are free, governments can only intervene in case of dumping or excessive pricing. A community airline can choose its seat in any of the 15 member states. Licensing procedures are harmonized between member states. In the last few months community carriers have had unrestricted route access within the EU. Most probably this development will be extended to countries inside and outside Europe. Last year the European Commission got the mandate to start negotiations with 10 other European countries. In the meantime the EC has also started negotiations with the USA on so-called soft rights

  18. European gas markets and Russian LNG. Prospects for the development of European gas markets and model simulations of possible new LNG supplies from year 2000

    Energy Technology Data Exchange (ETDEWEB)

    Eldegard, Tom [Foundation for Research in Economics and Business Administration, Bergen (Norway)

    1996-07-01

    The study aims at clarifying the framework for possible LNG exports from Northern Russia and focuses on the European natural gas markets. The first stage provides general background information on the market structure and related topics. In the second stage this information is used to develop a formal market model and subject it to simulations with various assumptions of the future gas supply. The model is described and results from simulations are given. In the first stage facts from the history of the European natural gas market are outlined. Underlying conditions for the development of natural gas markets in Europe are addressed. The EU has been promoting trade liberalisation in the energy sector but most counties resist freer gas trade across the boarders. New infrastructure development for natural gas are either underway or planned. Some important projects are mentioned. Gas in a global perspective is discussed. The cost structure of the LNG chain is mentioned and an overview of existing LNG export capacities world-wide and major reception terminals in Europe and the USA is given. The second stage employs a scenario analysis to evaluate the economic effects of hypothetical LNG deliveries from Northern Russia. The model is developed for the analysis of West European natural gas markets and designed to allow users to create a structural system of interconnected producers and market regions. Basic assumptions for the evolution of natural gas markets till 2005 is developed and base case scenarios calculated for the years 2000 and 2005 and used as a point of reference for the alternative scenarios considered. According to the analysis the introduction of a new LNG supplier in the European gas market will inflict a substantial loss upon all the existing producers. The primary keys to this result are the assumptions made for gas demand and supply capacity. The LNG alternative will hardly be approved for purely economic reasons as long as the Russians maintain

  19. Portfolio Diversification in the South-East European Equity Markets

    Directory of Open Access Journals (Sweden)

    Zaimovic Azra

    2017-04-01

    Full Text Available Diversification potential enables investors to manage their risk and decrease risk exposure. Good diversification policy is a safety net that prevents a portfolio from losing its value. A well-diversified portfolio consists of different categories of property with low correlations, while highly correlated markets have the feature of low possibilities for diversification. The biggest riddle in the world of investments is to find the optimal portfolio within a set of available assets with limited capital. There are numerous studies and mathematical models that deal with portfolio investment strategies. These strategies take advantage of diversification by spreading risk over several financial assets. Modern portfolio theory seeks to find the optimal model with the best results. This paper tries to identify relationships between returns of companies traded in South-East European equity markets. A Markowitz mean-variance (MV portfolio optimization method is used to identify possibilities for diversification among these markets and world leading capital markets. This research also offers insight into to the level of integration of South-East European equity markets. Principal component analysis (PCA is used to determine components that describe the strong patterns and co-movements of the dataset. Finally, we combined MV efficient frontier and equity, which represent PCA components, to draw conclusions. Our findings show that PC analysis substantially simplifies asset selection process in portfolio management. The results of the paper have practical applications for portfolio investors.

  20. Energy Savings in a Market Economy

    DEFF Research Database (Denmark)

    Nørgaard, Jørgen

    1998-01-01

    The paper outlines the concept of energy savings as opposed to energy efficency. Afterwards are described briefly the up and down role of energy savings in recent Danish energy policy. It discusses the failure of leaving electricity savings and Integrated Resource Planning to the electricity...... and discussed. This finally leads to the difficulties in combining a more free market for energy in EU with a strong efforts to save energy. Ideas for electricity and heat saving policies are suggested....

  1. Energy security: between markets and sovereign politics

    Directory of Open Access Journals (Sweden)

    Dudau Radu

    2016-09-01

    Full Text Available Energy security is a constant presence in the energy-related political discourse all over the world. States strive to secure steady inflows of needed energy supplies, as well as the price affordability of those supplies. However, what are deemed to be the best means to meet such goals depends on one’s theoretical vantage point. On the one hand, economically-minded theorists maintain that energy security is only a matter of market rules and interactions. Thus, they call upon energy markets to deliver both steady supplies and competitive prices. On the other hand, politically-minded scholars emphasize the political and hard-power nature of international energy trades, especially in a global context market by the emergence of state-centered, authoritarian regimes that use large national energy companies as foreign policy instruments. These two positions delineate competing approaches to how energy security risks ought to be managed. The former approaches energy security risks by means similar to portfolio management, requiring diversification of investments in order to insulate them from market shocks. The latter approaches energy security as a matter of foreign policy, by which states envisage interest coordination and favorable alignments within countervailing alliances against the agent of energy security risk. The present paper goes beyond the uncontentious point that these two dimensions are complementary. It argues that, depending on the international context, a more market-driven or a more-politically driven behavior may be adequate.

  2. The market of natural gas for the power plant sector under the obligation of CO{sub 2} reduction. A model supported analysis of the European energy market; Der Erdgasmarkt fuer den Kraftwerkssektor unter CO{sub 2}-Minderungsverpflichtungen. Eine modellgestuetzte Analyse des europaeischen Energiemarktes

    Energy Technology Data Exchange (ETDEWEB)

    Perlwitz, Holger

    2007-02-12

    The contribution under consideration describes the development of a certificate market model for natural gas, electricity and carbon dioxide for the analysis of the significance of the natural gas market for power stations under the obligation of the reduction of carbon dioxide. The author of this contribution develops the integrated PERSEUS EEM model. Thus, strategic questions in the European energy sector can be analyzed quantitatively by means of the multi periodical linear optimization. Russia, Algeria and Norway dominate in the offer of natural gas in Europe. The use of gas-fired power stations is the most important strategy for the reduction of the emissions of carbon dioxide. The comparison of the generation of current from natural gas for the scenario EuETS with the scenario NoETS shows a higher generation of electricity from natural gas in the scenario EuETS. Within the time period of consideration, France, Great Britain, Poland and Czech Republic are the largest supplier of CO{sub 2} emission trading in the scenario EuETS. With this model, substantial fundamental connections of the markets for natural gas, electricity and CO{sub 2} certificate could be analyzed simultaneously for the first time.

  3. Evolution of gas markets and energy security

    Energy Technology Data Exchange (ETDEWEB)

    Mitrova, Tatiana

    2007-07-01

    Questions of energy security and international gas trade became indissolubly connected during the last years. Paradoxically during the evolution of natural gas markets concerns about security issues in gas trade are only growing at the same time as transaction costs. Market participants have developed several mechanisms of adaptation (vertical integration, mutual penetration of capital and long-term contracts) which should be regarded not as a market failure but as an essential part of energy security guarantees at the moment. Further gas market evolution will demand more unified institutional framework to decrease threats to energy security and transaction costs. But this framework should be a result of mutual compromise of all market participants. (auth)

  4. Effective market transformation from energy centers

    Energy Technology Data Exchange (ETDEWEB)

    Chace, J.; Fountain, M.; Hydelman, M.; Grundon, T.; Benton, C.C.

    1998-07-01

    In this decade, several energy centers, such as PG and E's Pacific Energy Center in San Francisco have played a particularly interesting role in educating building professionals and utility customers about energy-efficient design and technologies. Energy centers' upstream and mid-market efforts have evolved as practical, effective, and less expensive adjuncts or alternatives to promoting energy efficiency through downstream financial incentives. The centers' roles fit especially well in the context of a nascent deregulated gas and electric marketplace and its multiple market actors. Although California's centers differ in focus and objectives, they serve the common function of technology transfer and provide access to reliable information that balances the opportunism, and even recidivism, the evolving energy marketplace may create. Energy centers can be well-positioned to influence the flow of information among actors in an inherently chaotic, yet rich, building market. In this market, research institutions will continue to evolve new energy-efficient technologies; manufacturers will continue to search for new applications for their products; ESCO's will search for new energy efficiency services to promote; building design professionals will continue to have a pronounced effect on the market penetration of new technologies by adopting (or not adopting) energy-efficient products and practices. Equally important, end-users will continue to want unbiased information about energy-efficiency. This paper summarizes six year's experience with an energy center centered on a public good/energy conservation mission strategically targeted to building professionals. This approach facilitates and rationalizes the movement of information among market actors to transform the marketplace and accelerate implementation of energy efficiency.

  5. Renewable energy markets in developing countries

    DEFF Research Database (Denmark)

    Martinot, E.; Chaurey, A.; Lew, D.

    2002-01-01

    Renewable energy is shifting from the fringe to the mainstream of sustainable development. Past donor efforts achieved modest results but often were not sustained or replicated, which leads now to greater market orientation. Markets for rural household lighting with solar home systems, biogas...

  6. The European Energy Performance of Buildings Directive

    DEFF Research Database (Denmark)

    Petersen, Steffen; Hviid, Christian Anker

    This paper investigates the actual energy use for building operation with the calculated energy use according to the Danish implementation of the European Energy Performance of Buildings Directive (EPBD). This is important to various stakeholders in the building industry as the calculated energy ...... calculated energy use. More buildings should be investigated in the same manner before any sound conclusion can be made regarding whether the implementation of EPBD in a wide context leads to truly energy-efficient buildings.......This paper investigates the actual energy use for building operation with the calculated energy use according to the Danish implementation of the European Energy Performance of Buildings Directive (EPBD). This is important to various stakeholders in the building industry as the calculated energy...... performance is used for estimating investment security, operating budgets and for policy making. A case study shows that the actual and calculated energy use is practically the same in an average scenario. In the worst-case uncertainty scenario, the actual energy use is 20 % higher than the corrected...

  7. Big Data and Insurance: Advantageous Selection in European Markets

    Directory of Open Access Journals (Sweden)

    Francesco Corea

    2017-06-01

    Full Text Available Rothschild and Stiglitz (1976 argued that people signal their risk profile through their insurance demand, i.e. individuals with a high risk profile would buy insurance as much as they can, while people who are not going to buy any insurance are the ones with a lower risk profile. This issue is commonly known as adverse selection. Even if their prediction seems to work quite well in a lot of different markets, Cutler et al. (2008 proved that there exist some insurance markets in United States in which the expected result is completely different. In the wake of this study, we provide empirical evidences that there are some European insurance markets in which the low risk profile agents are the ones who buy more insurance.

  8. Wood energy markets, 2010-2011

    Science.gov (United States)

    Francisco Aguilar; Christopher Gaston; Rens Hartkamp; Warren Mabee; Kenneth Skog

    2011-01-01

    Global wood energy markets continue to grow, driven primarily by demand in the EU and its commitment to meet 20% of energy consumption from renewable sources by 2020. Large investments in industrial pellet-production capacity have been made under expectations of a continuously growing demand, mainly from the EU. Concern about how energy and climate-change policies may...

  9. Introduction : Energy economics and financial markets

    NARCIS (Netherlands)

    Simpson, John L.; Westerman, Wim; Dorsman, André

    2015-01-01

    Energy issues feature frequently in the economic and financial press. It is argued that the importance of energy production, consumption and trade and raises fundamental economic issues that impact the global economy and financial markets. Specific examples of daily energy issues stem from various

  10. On The Economics of Energy Labels in the Housing Market

    Energy Technology Data Exchange (ETDEWEB)

    Brounen, D. [Erasmus University, Rotterdam (Netherlands); Kok, N. [Maastricht University, Maastricht (Netherlands)

    2010-08-15

    The residential housing market can play an important role in the reduction of global carbon emissions. This paper reports the first evidence on the market adoption and economic implications of energy performance certificates implemented by the European Union. The results show that adoption rates are low and declining over time, coinciding with negative sentiment regarding the label in the popular media. Labels are clustered among smaller, post-war homes in neighborhoods with more difficult selling conditions. We also document that the adoption rates of energy labels have a positive relation to the number of 'green' voters during the 2006 national elections. Within the sample of labeled homes, the energy label creates transparency in the energy performance of dwellings. Our analysis shows that consumers capitalize this information into the price of their prospective homes.

  11. European Sugar Market – Impact of Quota System

    Directory of Open Access Journals (Sweden)

    Irena Benešová

    2015-01-01

    Full Text Available The European agricultural market has been criticized for its heavy regulations and subsidization. The sugar market is one of the most regulated ones; however, this will change radically in 2017 when the current system of production quotas will end. The aim of this paper is to present the basic characteristics of the EU quota sugar market. The analysis identifies the main drivers of EU sugar market and their position within the EU sugar market. The paper identifies especially those drivers/companies/alliances which take control over the EU sugar production realized under the quota production system. The paper also highlights the level of EU sugar market concentration and also identifies those countries and companies which are the main leaders in the sugar production area realized under the quota system. Based on the results deriving from the paper, it is possible to characterize the EU sugar market as a heavily concentrated one – nearly 75% (10 mil. tonnes of the quota is controlled by five multinational companies only; these companies are operating more than 50% of all the available sugar plants located in the EU. These multinational alliances are also in control of the production capacities of their subsidiaries. In most countries, this causes serious problems as the given quota is controlled by one or two producers only. The EU sugar market is extremely concentrated especially if we take into consideration the location of each alliance’s headquarters. The majority of production capacities are under (the control of especially German and French companies. These two countries are also the main beneficiaries in relation to the EU sugar production quota system.

  12. [European integration and health policies: repercussions of the internal European Market on access to health services].

    Science.gov (United States)

    Guimarães, Luisa; Giovanella, Lígia

    2006-09-01

    This article explores the health policy repercussions of countries' regional integration into the European Union. The aim is to review the regulation of access in other countries, with the conclusion of the single European market and the free circulation of persons, services, goods, and capital. The article begins by reviewing the various forms of integration and describes the expansion and institutionalization of Community agencies. The repercussions of European integration on health policies and regulation of access are analyzed. Market impacts on health result from Treaty directives and internal policy adjustments to free circulation. Health services access is gradually regulated and granted by rulings. Projects along borders illustrate the dynamics where differences are used to achieve comprehensive care. In the oldest integration experience, the market regulation has generated intentional and non-intentional impacts on the health policies of member states, regardless of the organizational model. Knowledge and analysis of this experience signals challenges for the Southern Cone Common Market (Mercosur) and adds to future debates and decisions.

  13. European School of High-Energy Physics

    CERN Document Server

    2007-01-01

    The European School of High-Energy Physics is intended to give young experimental and phenomenological physicists an introduction to the theoretical aspects of recent advances in elementary particle physics. These proceedings contain lecture notes on the Standard Model of electroweak interactions, Monte Carlo generators, relativistic heavy-ion physics, the flavour dynamics and CP violation in the Standard Model, cosmology, and high-energy neutrino astronomy with IceCube.

  14. HOUSING MARKETS IN SELECTED EUROPEAN COUNTRIES AND THE USA

    Directory of Open Access Journals (Sweden)

    Magdalena Gostkowska-Drzewicka

    2012-04-01

    Full Text Available The aim of this article is to present the changes taking place in housing markets in selected European countries and in the USA. The basic research period covers the years 1998-2009. However, wherever availability of data allowed so, we covered with our research also the years 1963-2010. The development of domestic housing markets is determined both by specific features of local markets and by macroeconomic factors influencing the economic situation. The availability of capital to finance investment is of primary importance for the changes taking place in housing markets. This factor can be expressed by the volume of mortgage debt related to GDP and inflation and the level of interest rates on mortgage loans. The evaluation of the changes occurring in domestic housing markets was based on the identification of such structural characteristics as: the volume of the housing stock, the number of ready-to-use flats, the number of issued building permits, the indices of housing prices, and the number of transactions concerning purchase of flats or houses.

  15. On Chaotic Nature of the Emerging European Forex Markets

    Directory of Open Access Journals (Sweden)

    Anoop S Kumar

    2014-06-01

    Full Text Available This study attempts to analyze the presence deterministic chaos in the forex markets of select European countries namely Bulgaria, Croatia, Czech Republic, Hungary Poland, Romania, Russia, Slovakia and Slovenia. Monthly NEER data ranging from jan-1994 to Dec-2013 is used for the purpose of analysis. A two step methodology is employed where in the first step, non-linear dependence structure in the underlying time series is verified using BDS test. The results show that all the markets under study exhibit non-linear dependence. In the next stage, it is enquired whether this non-linear behavior is due to the presence of chaotic dynamics in the markets. This is achieved by estimating Lyapunov exponents for the time series under analysis. An EGARCH (1, 1 filter is applied to see if the non-linearity could be explained by a GARCH process. From the Lyapunov exponent values, it is found that the GARCH process is unable to explain the forex markets behavior in a satisfying manner. It is concluded that the forex markets under study exhibit deterministic chaotic behavior.

  16. Battery energy storage market feasibility study

    Energy Technology Data Exchange (ETDEWEB)

    Kraft, S. [Frost and Sullivan, Mountain View, CA (United States); Akhil, A. [Sandia National Labs., Albuquerque, NM (United States). Energy Storage Systems Analysis and Development Dept.

    1997-07-01

    Under the sponsorship of the Department of Energy`s Office of Utility Technologies, the Energy Storage Systems Analysis and Development Department at Sandia National Laboratories (SNL) contracted Frost and Sullivan to conduct a market feasibility study of energy storage systems. The study was designed specifically to quantify the energy storage market for utility applications. This study was based on the SNL Opportunities Analysis performed earlier. Many of the groups surveyed, which included electricity providers, battery energy storage vendors, regulators, consultants, and technology advocates, viewed energy storage as an important enabling technology to enable increased use of renewable energy and as a means to solve power quality and asset utilization issues. There are two versions of the document available, an expanded version (approximately 200 pages, SAND97-1275/2) and a short version (approximately 25 pages, SAND97-1275/1).

  17. European Integration, Labour Market Dynamics and Migration Flows

    Directory of Open Access Journals (Sweden)

    Martinoia, Michela

    2011-06-01

    Full Text Available The paper has two objectives. Firstly, we wish to evaluate whether a greater economic integration has effects, and of what type, on migration flows from Central and Eastern Europe (New Member States of the EU, NMS towards the fifteen countries of the European Union (EU-15. Secondly, we wish to understand what effect the migration flows from the NMS have on the labour market of the receiving countries in the EU-15. The most suitable theoretical context that seems to summarise European labour market characteristics is that of the insider/outsider model by Layard, Nickell and Jackman (Layard et al., 1991. We have modified the above mentioned model by introducing two innovations. Firstly, we constructed three measures that act as a proxy for economic integration: the Intra Regional Trade Index (IRTI, Global Trade Index (GTI and Financial Market Integration (FMI. Then we placed the three indicators into the insider/outsider model to arrive at a modified version of Layard, Nickell and Jackman (Layard et al., 1991. The second innovative contribution was the introduction of an equation modelling migration flows. The creation of this equation is inspired by the neo-classical approach to migration theory (Harris-Todaro, 1970. The theoretical model, based on rational expectations, has been solved to find the equilibrium solution and the impact multipliers. We then carried out an empirical analysis, which involved estimating a Structural Vector Autoregression Model (SVAR. The aim of this estimation was to evaluate, on the one hand, the effect that greater European integration (a positive shock to the integration indicators has on migration flows, and, on the other, to measure the type of effect that migration flows could have on the labour market of the EU-15 countries, considered as a single entity. The results of our empirical evidence show that economic integration does generate significant effects on migration flows from the enlargement countries

  18. Enabling demand response by extending the European electricity markets with a real-time market

    NARCIS (Netherlands)

    Nyeng, P.; Kok, K.; Pineda, S.; Grande, O.; Sprooten, J.; Hebb, B.; Nieuwenhout, F.

    2013-01-01

    The EcoGrid concept proposes to extend the current wholesale electricity market to allow participation of Distributed Energy Resources (DERs) and domestic end-consumers in system balancing. Taking advantage of the smart grid technology, the EcoGrid market publishes the real-time prices that entail

  19. Market uptake of orphan drugs--a European analysis.

    Science.gov (United States)

    Picavet, E; Annemans, L; Cleemput, I; Cassiman, D; Simoens, S

    2012-12-01

    Variations in market uptake of an orphan drug have important implications with respect to access to care and inequality of treatment. Therefore, the aim of this study was to quantify both the sales and volume uptake of orphan drugs in Europe and to assess whether a country's gross domestic product (GDP) and/or health technology assessment (HTA) influences the orphan drugs' market uptake. We analysed the numbers of orphan drugs launched and the sales and volume uptake for 17 orphan drugs in 23 European countries from 2001 until the beginning of 2010 using the IMS Health database. Countries were clustered based on GDP and the availability of a formal HTA-organization. The uptake of orphan drugs varied across European countries. The highest volumes and contributions of orphan drugs in the first year occurred in countries with a high GDP (and implicitly, a higher budget for healthcare), independently of the existence of an HTA-organization. In contrast, in countries with a low GDP, orphan drugs were less available when there was a formal HTA-organization. There, budgetary restrictions can cause the exclusion of less cost-effective orphan drugs. We observed substantial variation in the market uptake of orphan drugs. Such variation may have important implications with respect to access to care and inequality of treatment. The uptake of orphan drugs could be promoted through the clinical added value of orphan drugs (CAVOD) project and various conditional pricing and reimbursement mechanisms. © 2012 Blackwell Publishing Ltd.

  20. The competitiveness of Slovak foreign trade in the European market

    Directory of Open Access Journals (Sweden)

    Pavličková Viera

    2013-01-01

    Full Text Available The paper deals with the competitiveness of the Slovak Republic in its ability to succeed in foreign markets. It provides a complex view of Slovak foreign trade within the European Union using a sectoral classification of products. Several appropriate methods (Constant Market Share Analysis, Revealed Comparative Advantage, Michaely Index, and unit export and import values are applied to quantify the competitiveness of Slovak foreign trade and to identify the level and trend of its specialisation. The analysis uses the data provided by the Eurostat Comext database for the period 1999-2011. The results confirmed Slovakia as a former transition country to be a fast developing open economy. Its production is competitive in the European market, although mainly with prices. Labour- and capital-intensive commodities, along with the automotive industry, dominate Slovak foreign trade. Technology- and R&D-driven goods have a comparative disadvantage as a consequence of several factors, such as lack of innovation and creativity in the business sphere. A shift towards export of more sophisticated products would be beneficial in supporting long-term sustainable development; however, no significant change in Slovak commodity structure has occurred over the past years.

  1. German energy market 2016; Deutscher Energiemarkt 2016

    Energy Technology Data Exchange (ETDEWEB)

    Schiffer, Hans-Wilhelm [World Energy Council, London (United Kingdom). World Energy Resources; Weltenergierat, Berlin (Germany). Arbeitsgruppe Energie fuer Deutschland

    2017-03-15

    The basic orientation of the German energy supply to the increased use of renewable energies, while increasing energy efficiency, is prediscribed by the German government's energy concept and determines the market development. A current overview of the German energy market is given, which provides also this year a concentrated Compilation of the key data of the energy industry. As in the years before, the article not only summarizes general facts about the energy mix, but also goes into detail on the development of the individual energy sources, petroleum, natural gas, brown coal and hard coal, electricity as well as renewable energies. Furthermore, the price trends of international markets and in the domestic market are explained. A current overview of the development of greenhouse gas emissions concludes the contribution. [German] Die im Energiekonzept der Bundesregierung vorgegebene Grundausrichtung der deutschen Energieversorgung hin zur verstaerkten Nutzung erneuerbarer Energien bei gleichzeitiger Steigerung der Energieeffizienz bestimmt die Marktentwicklung. Vorliegend wird ein aktueller Ueberblick ueber den deutschen Energiemarkt gegeben, der auch in diesem Jahr eine konzentrierte Zusammenstellung der zentralen Eckdaten der Energiewirtschaft leistet. Wie in den Jahren zuvor fasst der Artikel nicht nur allgemeine Fakten zum Energiemix zusammen, sondern geht auch ausfuehrlich auf die Entwicklung der einzelnen Energietraeger Erdoel, Erdgas, Braun- und Steinkohle, Elektrizitaet sowie regenerative Energien ein. Ferner werden die Preistendenzen auf den internationalen Maerkten und im Inland erlaeutert. Eine aktuelle Uebersicht ueber die Entwicklung der Treibhausgas-Emissionen schliesst den Beitrag ab.

  2. 75 FR 78980 - Application to Export Electric Energy; Direct Energy Marketing, Inc.

    Science.gov (United States)

    2010-12-17

    ... Application to Export Electric Energy; Direct Energy Marketing, Inc. AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ACTION: Notice of Application. SUMMARY: Direct Energy Marketing, Inc... surplus energy purchased from electric utilities, Federal power marketing agencies, and other entities...

  3. Measuring market performance in restructured electricity markets: An empirical analysis of the PJM energy market

    Science.gov (United States)

    Tucker, Russell Jay

    2002-09-01

    Today the electric industry in the U.S. is transitioning to competitive markets for wholesale electricity. Independent system operators (ISOs) now manage broad regional markets for electrical energy in several areas of the U.S. A recent rulemaking by the Federal Energy Regulatory Commission (FERC) encourages the development of regional transmission organizations (RTOs) and restructured competitive wholesale electricity markets nationwide. To date, the transition to competitive wholesale markets has not been easy. The increased reliance on market forces coupled with unusually high electricity demand for some periods have created conditions amenable to market power abuse in many regions throughout the U.S. In the summer of 1999, hot and humid summer conditions in Pennsylvania, New Jersey, Maryland, Delaware, and the District of Columbia pushed peak demand in the PJM Interconnection to record levels. These demand conditions coincided with the introduction of market-based pricing in the wholesale electricity market. Prices for electricity increased on average by 55 percent, and reached the $1,000/MWh range. This study examines the extent to which generator market power raised prices above competitive levels in the PJM Interconnection during the summer of 1999. It simulates hourly market-clearing prices assuming competitive market behavior and compares these prices with observed market prices in computing price markups over the April 1-August 31, 1999 period. The results of the simulation analysis are supported with an examination of actual generator bid data of incumbent generators. Price markups averaged 14.7 percent above expected marginal cost over the 5-month period for all non-transmission-constrained hours. The evidence presented suggests that the June and July monthly markups were strongly influenced by generator market power as price inelastic peak demand approached the electricity generation capacity constraint of the market. While this analysis of the

  4. A thermal storage capacity market for non dispatchable renewable energies

    Science.gov (United States)

    Bennouna, El Ghali; Mouaky, Ammar; Arrad, Mouad; Ghennioui, Abdellatif; Mimet, Abdelaziz

    2017-06-01

    Due to the increasingly high capacity of wind power and solar PV in Germany and some other European countries and the high share of variable renewable energy resources in comparison to fossil and nuclear capacity, a power reserve market structured by auction systems was created to facilitate the exchange of balance power capacities between systems and even grid operators. Morocco has a large potential for both wind and solar energy and is engaged in a program to deploy 2000MW of wind capacity by 2020 and 3000 MW of solar capacity by 2030. Although the competitiveness of wind energy is very strong, it appears clearly that the wind program could be even more ambitious than what it is, especially when compared to the large exploitable potential. On the other hand, heavy investments on concentrated solar power plants equipped with thermal energy storage have triggered a few years ago including the launching of the first part of the Nour Ouarzazate complex, the goal being to reach stable, dispatchable and affordable electricity especially during evening peak hours. This paper aims to demonstrate the potential of shared thermal storage capacity between dispatchable and non dispatchable renewable energies and particularly CSP and wind power. Thus highlighting the importance of a storage capacity market in parallel to the power reserve market and the and how it could enhance the development of both wind and CSP market penetration.

  5. The internationalisation of the Spanish food industry: the home market effect and European market integration

    Energy Technology Data Exchange (ETDEWEB)

    Serrano, R.; García-Casarejos, N.; Gil-Pareja, S.; Llorca-Vivero, R.; Pinilla, V.

    2015-07-01

    The objective of this study was to analyse, from a long-term perspective, the factors determining the process of the internationalisation of the Spanish agrifood industry. The paper concentrates on the empirical verification of the existence of a home market effect in the food and drink industries in Spain and on the effects on trade flows of integration into the European Union. With this aim in mind, we took into account the latest contributions to the estimation of the gravity equation for a sample of export flows from 13 agrifood subsectors between 1970 and 2012, with a destination of 175 markets. From the results of the study the existence of the “home market effect” stands out as the determining factor of the increasing process of internationalisation in the majority of the subsectors of the food industry. On this point, the presence of this effect is remarkable in the most dynamic industries, where the process of restructuring caused by the development of the internal market was more intense. Furthermore, the influence of the process of European integration has been shown by the literature to be a very important factor. Our results qualify in part the results of previous studies, since the positive effect appeared later than expected. The positive effects did not appear until the completion of the process of transition by the dismantling of the barriers established in the treaty of accession to the European Union. (Author)

  6. Long-term perspectives of European energy policy - the Energy Roadmap 2050 of the European Union; Langfristperspektiven der europaeischen Energiepolitik. Die Energy Roadmap 2050 der Europaeischen Union

    Energy Technology Data Exchange (ETDEWEB)

    Matthes, Felix C. [Oeko Institut e.V., Berlin (Germany)

    2012-01-15

    Aside from diverse event-related or short or medium-term oriented activities, for the European Union the year 2011 was marked by fundamental work on the long-term perspectives of European energy and climate policy. In the course of the year the European Commission published three so-called roadmaps, all oriented to the time horizon of 2050 and dedicated, amongst other goals, to identifying possible paths of development for the energy markets. This is the first time that a consistent, even if in some points debatable, analysis framework for long-term energy and climate policy in the context of the EU has been presented, and it certainly creates a new basis in qualitative terms.

  7. Renewable Energy: Markets and Prospects by Technology

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-07-01

    This information paper accompanies the IEA publication Deploying Renewables 2011: Best and Future Policy Practice (IEA, 2011a). It provides more detailed data and analysis, and explores the markets, policies and prospects for a number of renewable energy technologies. This paper provides a discussion of ten technology areas: bioenergy for electricity and heat, biofuels, geothermal energy, hydro energy, ocean energy, solar energy (solar photovoltaics, concentrating solar power, and solar heating), and wind energy (onshore and offshore). Each technology discussion includes: the current technical and market status; the current costs of energy production and cost trends; the policy environment; the potential and projections for the future; and an analysis of the prospects and key hurdles to future expansion.

  8. Ownership Concentration and Market Value of European Banks

    DEFF Research Database (Denmark)

    Busta, Ildura; Sinani, Evis; Thomsen, Steen

    2014-01-01

    This paper investigates the relationship between ownership concentration and market value of European banks, and the role of the institutional environment in shaping this relationship. Using GMM dynamic estimator on a sample of European banks over a 13-year period (1993–2005) we find on average...... concentration is positive in Scandinavia. We propose that, besides the legal protection of small investors, the differences in the impact of ownership concentration across the countries could be due to the identity of the predominant owners, i.e. financial institutions in Germany and trusts and foundations...... a negative effect of ownership concentration on bank value, measured by Tobin's Q. However, this effect varies across different institutional settings; while higher ownership concentration results in a lower bank value particularly in the countries belonging to German legal family, the impact of ownership...

  9. Predictability of Wave Energy and Electricity Markets

    DEFF Research Database (Denmark)

    Chozas, Julia Fernandez

    2012-01-01

    The articlw addresses an important challenge ahead the integration of the electricity generated by wave energy conversion technologies into the electric grid. Particularly, it looks into the role of wave energy within the day-ahead electricity market. For that the predictability of the theoretical...

  10. European energy and transport - trends to 2030

    Energy Technology Data Exchange (ETDEWEB)

    Mantzos, L.; Capros, P.; Kouvaritakis, N.; Zeka-Paschou, M.

    2003-07-01

    The publication extends the analysis presented in previous editions of the 'Annual energy review'. In addition to a statistical analysis of the past 10 years, this publication gives detailed projections on energy and transport for the current EU and the enlarged Union of 25, for the next three decades. It also addresses wider European and world developments. The projections presented in this outlook to 2030 are built upon an integrated approach encompassing both energy supply and demand and show how the future may develop and which policy-makers will have to act in order to contribute towards sustainable development. 23 refs., 46 figs., 91 tabs., 2 apps.

  11. Impact of Energy Transition in Germany on the Nordic Power Market – A Blessing or Curse?

    DEFF Research Database (Denmark)

    Zakeri, Behnam; Syri, Sanna; Connolly, David

    2015-01-01

    The European energy policy emphasizes the establishment of EU-wide internal energy markets as a reliable solution in increasing the security of supply, optimal use of internal energy resources, and improved economic competitiveness. With respect to the power sector, the EU’s strategy is to further...... integrate and harmonize regional markets towards a pan-European power market with a single pricing algorithm. The impacts of such power market couplings on the interconnected countries are complex, which concerns market participants in different levels, from consumers and producers to grid operators......, for example. The Nordic power market together with three other cross-border power exchanges launched the North-Western Europe (NWE) dayahead price coupling project in 2014, which further bundles electricity prices in the Nordics with continental Europe, including Germany. The recent dramatic growth...

  12. The OMEGA Project: Open Market Energy Generation Allocation in deregulated electricity markets

    Energy Technology Data Exchange (ETDEWEB)

    Contreras, J. [Universidad de Castilla-La Mancha, (Spain). Project Management Group, Escuela Tecnica Superior de Ingenieros Industriales; Conejo, A.J. [Universidad de Castilla-La Mancha, (Spain). Power Engineering Group, Escuela Tecnica Superior de Ingenieros Industriales

    2002-08-01

    The OMEGA project is part of the 5th Framework Programme for R and D that the European Union has started in the year 2000. It is a highly complex and interdisciplinary project, with five countries and several companies involved. The project aims at developing a decision support system for electricity producers to support energy management and energy trading groups within these companies in the commercial activities on open and competitive electricity markets using an e-commerce framework. This paper presents the OMEGA project, describes the objectives pursued, evaluates the project workplan, shows the complex project management structure, highlights the management problems, and presents relevant conclusions. (author)

  13. Integrated energy systems and local energy markets

    DEFF Research Database (Denmark)

    Lund, Henrik; Münster, Ebbe

    2006-01-01

    Significant benefits are connected with an increase in the flexibility of the Danish energy system. On the one hand, it is possible to benefit from trading electricity with neighbouring countries, and on the other, Denmark will be able to make better use of wind power and other types of renewable...... energy in the future. This paper presents the analysis of different ways of increasing flexibility in the Danish energy system by the use of local regulation mechanisms. This strategy is compared with the opposite extreme, i.e. trying to solve all balancing problems via electricity trade...

  14. Wind energy. Energy technologies in national, European and global perspective

    Energy Technology Data Exchange (ETDEWEB)

    Hauge Madsen, P.; Bjerregaard, E.T.D. [Risoe National Lab., Wind Energy Dept., Roskilde (Denmark)

    2002-10-01

    According to a recent study, global wind generating capacity increased by some 6800 MW in 2001, an annual growth of just over half the corresponding figure for 2000. 2001 was the third consecutive year in which new wind power capacity exceeded new nuclear power capacity, showing the maturity of wind power technology. Total installed wind power worldwide by the end of 2001 was close to 25.000 MW. Germany, Spain and Denmark are the main players, accounting for 56% of the world's capacity increase in 2001 and a total cumulative installed capacity of 14.750 MW, or 59% of the global total. The USA and India are also significant users of wind power; in 2001 the USA added 1700 MW of new installed capacity to become the world's second-largest market for wind power. The report Wind Force 10 outlines a scenario in which wind power provides 10% of the world's electricity by 2020, corresponding to a total installed capacity of 1200 GW. Risoe's System Analysis Department has looked at the possible future costs of electricity produced by wind turbines compared to conventional power. A learning curve analysis of historical data results in a progress ratio of 0,85. This means that for every doubling of the installed capacity, the cost of wind-generated electricity is reduced by 15%. Until recently the main driver for wind power has been a concern for greenhouse gases. Security of energy supply has now become an important issue, however, especially in Europe and the USA. Wind power plants can be erected at short notice and in a modular fashion that allows capacity to be added as required. The European Commission has supported wind power by sponsoring international research co-operation between institutes, universities and equipment manufacturers. The IEA supports worldwide co-operation, and has recently issued a report on the longterm R and D needs of wind energy. Denmark has, mainly financed by the Danish Energy Agency, taken part in the IEA's R and D Wind

  15. European market developments in prebiotic- and probiotic-containing foodstuffs.

    Science.gov (United States)

    Young, J

    1998-10-01

    A growing number of food manufacturers in western Europe are beginning to explore the commercial opportunities for foodstuffs containing health-promoting microbial food supplements (probiotics) and health-promoting non-digestible food ingredients (prebiotics). A prebiotic is considered to affect the host beneficially by selectively stimulating the growth and/or activity of one or a limited number of naturally present or introduced bacterial species in the colon, also leading to a claimed improvement in host health. Increasingly, probiotics and prebiotics are used in combination, this being termed a synbiotic (Gibson & Roberfroid, 1995). Throughout European history, fermented milk products in particular have been considered beneficial to health, but only in recent years has there been scientific support for these beliefs. Issues considered important to the continuing development of this growing market are proof of safety, proof of efficacy, consumer education, market positioning, price and appropriate health claims strategies. Until recently, much of the innovation in the use of probiotics and prebiotics has been in the dairy cabinet, with an ever-growing number and range of 'health-promoting' yoghurts and yoghurt-type fermented milk being made available to the European consumer, a market which is currently estimated to be worth in excess of $US2 billion per annum (Hilliam et al. 1997). However, prebiotics are beginning to find increasing application outside the dairy sector, particularly in baked goods. A key driver behind the broadening application of prebiotics has been the pro-active stance taken by key prebiotic suppliers such as Beghin-Say, Orafti and Cosucra. To date, market activity in probiotic- and prebiotic-containing foods has centred around three health propositions, namely improving general gut health, lowering blood cholesterol and improving the body's natural defences.

  16. Ambush Marketing in Poland Before the 2012 European Football Championship

    Directory of Open Access Journals (Sweden)

    Marcin Gębarowski

    2013-01-01

    Full Text Available Activities belonging to ambush marketing (parasite marketing are more and more widely undertaken with regard to subsequent, huge sports events. Therefore, this article analyzes the scope of using this form of promotion in the period that preceded the 2012 European Football Championship. A reference has been made to Poland – a country which was a co-host of the championship. On the Polish market, owners of many brands performed actions that aimed at “stealing” image effects which should be achieved only by official sponsors who support such huge tournament (which is considered to be one of the three greatest sports events all around the world – apart from the Summer Olympic Games and the Football World Cup. The article has two objectives. First, it describes a concept of promoting selected brands (based on relation to the EURO 2012, identifying the scope of using ambush marketing forms in relation to Polish consumers. Second, it presents results of research which illustrates differences in conceiving the brands of both official sponsors and those – to whom one can attribute a name of ambushers.

  17. Waste to energy plant operation under the influence of market and legislation conditioned changes

    DEFF Research Database (Denmark)

    Tomic, Tihomir; Dominkovic, Dominik Franjo; Pfeifer, Antun

    2017-01-01

    , waste-to-energy plants need to be adapted to market operation. This influence is tracked by the gate-fee volatility. The operation of the waste-to-energy plant on electricity markets is simulated by using EnergyPLAN and heat market is simulated in Matlab, based on hourly marginal costs. The results have...... shown that the fuel switch reduced gate-fee and made the facility economically viable again. In the second case, the operation of the waste-to-energy plant on day-ahead electricity and heat market is analysed. It is shown that introducing heat market increased needed gate-fee on the yearly level over......In this paper, gate-fee changes of the waste-to-energy plants are investigated in the conditions set by European Union legislation and by the introduction of the new heat market. Waste management and sustainable energy supply are core issues of sustainable development of regions, especially urban...

  18. Market penetration of new energy technologies

    Energy Technology Data Exchange (ETDEWEB)

    Packey, D.J.

    1993-02-01

    This report examines the characteristics, advantages, disadvantages, and, for some, the mathematical formulas of forecasting methods that can be used to forecast the market penetration of renewable energy technologies. Among the methods studied are subjective estimation, market surveys, historical analogy models, cost models, diffusion models, time-series models, and econometric models. Some of these forecasting methods are more effective than others at different developmental stages of new technologies.

  19. Renewable Energy and the need for local energy markets

    DEFF Research Database (Denmark)

    Hvelplund, Frede Kloster

    2003-01-01

    The paper argues that a new offensive green energy policy should be established in Denmark both securing public and political acceptance, and the establishment of local markets securing the technical integration of a large proportion of windpower and other fluctuating renewable energy sources...... into the energy system....

  20. Promotion of Renewable Energy in a Liberalised Energy Market

    DEFF Research Database (Denmark)

    Meyer, Niels I

    1998-01-01

    Liberalisation of energy markets has been progressing among OECD countries since the early nineties. In Europe this trend was accelerated by the decision in December 1996 by the EU Council of Ministers to adopt a new EU directive on liberalisation of the electricity market. This decision would lead...... to higher efficiency and lower consumer prices. Most EU governments have accepted the new EU directive based on these commercial arguments. Denmark has, however, been in a different situation because its energy policy is based primarily on environmental considerations. Danish energy policy involves...... government promotion of energy conservation and of systems based on renewable energy sources. This type of policy may in some instanes conflict with the principles of the unregulated commercial market. The official Danish target is that 35% of energy demand should be covered by renewables by year 2030...

  1. MULTIFRACTAL STRUCTURE OF CENTRAL AND EASTERN EUROPEAN FOREIGN EXCHANGE MARKETS

    Directory of Open Access Journals (Sweden)

    Cn#259;pun#351;an Rn#259;zvan

    2012-07-01

    Full Text Available It is well known that empirical data coming from financial markets, like stock market indices, commodities, interest rates, traded volumes and foreign exchange rates have a multifractal structure. Multifractals were introduced in the field of economics to surpass the shortcomings of classical models like the fractional Brownian motion or GARCH processes. In this paper we investigate the multifractal behavior of Central and Eastern European foreign exchange rates, namely the Czech koruna, Croatian kuna, Hungarian forint, Polish zlot, Romanian leu and Russian rouble with respect to euro from January 13, 2000 to February 29, 2012. The dynamics of exchange rates is of interest for investors and traders, monetary and fiscal authorities, economic agents or policy makers. The exchange rate movements affect the international balance of payments, trade flows, and allocation of the resources in national and international economy. The empirical results from the multifractal detrending fluctuation analysis algorithm show that the six exchange rate series analysed display significant multifractality. Moreover, generating shuffled and surrogate time series, we analyze the sources of multifractality, long-range correlations and heavy-tailed distributions, and we find that this multifractal behavior can be mainly attributed to the latter. Finally, we propose a foreign exchange market inefficiency ranking by considering the multifractality degree as a measure of inefficiency. The regulators, through policy instruments, aim to improve the informational inefficiency of the markets, to reduce the associated risks and to ensure economic stabilization. Evaluation of the degree of information efficiency of foreign exchange markets, for Central and Eastern Europe countries, is important to assess to what extent these countries are prepared for the transition towards fully monetary integration. The weak form efficiency implies that the past exchange rates cannot help to

  2. Croatian Railways as a Subject in the European Transport Market

    Directory of Open Access Journals (Sweden)

    Blaž Bogović

    2012-10-01

    Full Text Available The paper considers the environment and the tasks that theCroatian railways need to carry out in order to gain importancewithin the European transport market. It deals with the economicvalues that may be expected from the modernised railways.Therefore, the Croatian railways will have to undergotechnical, technological and organisational restructuring. Themarketing concept of meeting the customers' needs and demandshas to be developed. The marketing is meant and,among other things, the selection and definition of those segmentsin which the Croatian railways could do business successfully.These include: passenger traffic - suburban, then interurban(domestic and international in and out and, accordingto the needs of the European railways, transit traffic. Ingoods transport - to identify the needs of big users and define thesize of the offer accordingly.Although the paper could not deal with concrete restructuringtasks (which is the first and foremost task of the CroatianRailways, it indicates the main directions. These include redefiningof the local traffic on railway lines class I!, then the employees,reorganisation and all the other transformations whichwill be carried out in continuity.

  3. Perspectives and Problems of Harmonizing Energy Legislation of Ukraine with the European Union Standards

    Directory of Open Access Journals (Sweden)

    Volodymyrivna Komelina Olha

    2017-12-01

    Full Text Available Essence, features and components of the energy market was investigated in the article. Regulatory support of energy efficiency and energy saving in the European Union and Ukraine was analyzed. Ukraine obligations due to the harmonization of the energy legislation with the EU standards were defined. Problems in the housing and communal services (HCS as one of the largest consumers of energy resources were revealed.

  4. Arrowhead Compliant Virtual Market of Energy

    DEFF Research Database (Denmark)

    Ferreira, Luis Lino; Siksnys, Laurynas; Pedersen, Per

    2014-01-01

    Industrial processes use energy to transform raw materials and intermediate goods into final products. Many efforts have been done on the minimization of energy costs in industrial plants. Apart from working on “how” an industrial process is implemented, it is possible to reduce the energy costs...... or discrete manufacturing, with more degrees of flexibility. These manufacturing plants can consider a more flexible scheduling of the most energy-intensive processes in response to dynamic prices and overall condition of the electricity market. In this scenario, requests for energy can be encoded by means...... of a formal structure called flex-offers, then aggregated (joining several flex-offers into a bigger one) and sent to the market, scheduled, disaggregated and transformed into consumption plans, and eventually, into production schedules for given industrial plant. In this paper, we describe the flex...

  5. 75 FR 38514 - Application to Export Electric Energy; Brookfield Energy Marketing LP

    Science.gov (United States)

    2010-07-02

    ... Application to Export Electric Energy; Brookfield Energy Marketing LP AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ACTION: Notice of application. SUMMARY: Brookfield Energy Marketing LP... power marketing agencies and other entities within the United States. The existing international...

  6. Education in Sustainable Energy by European Projects

    Science.gov (United States)

    Stanescu, Corina; Stefureac, Crina

    2010-05-01

    Our schools have been involved in several European projects having with the primary objective of educating the young generation to find ways for saving energy and for using the renewable energy. Small changes in our behaviour can lead to significant energy savings and a major reduction in emissions. In our presentation we will refer to three of them: - The Comenius 1 project "Energy in the Consumers' Hands" tried to improve the quality of education for democratic citizenship in all participant schools by creating a model of curricula concerning the integrative teaching of democratic citizenship using the topic approaches based on key concept - energy as important element of the community welfare. The students studied on the following topics: • Sources of energy • The clean use of fossil based resources; • The rational use of energyEnergy and the environment - The project "Solar Schools Forum" (SSF) focuses on environmental education in schools, in particular addressing the topics of Renewable Energy (RE) and Energy Efficiency (EE). The youth need to become more aware of energy-related problems, and how they can change their own lifestyles to limit environmental damage caused by the daily use of energy. As the decision-makers of tomorrow we need to empower them to make the right choices. The SSF is aimed at improving knowledge about RE and EE among children and young people, using a fun approach and aimed at generating greater enthusiasm for clean energy. The youth will also be encouraged to help raise awareness and so act as multipliers in their own communities, starting with their families and friends. As a result of this project we involved in developing and implementing an optional course for high school students within the Solar Schools Forum project. The optional course entitled "Sustainable energy and the environment" had a great deal of success, proof of this success being the fact that it is still taught even today, three years after its

  7. Renewable Energy Market Analysis in Nigeria

    OpenAIRE

    Daramola, Dipo

    2012-01-01

    This thesis project research was conducted as part of the CONNECT project at Laurea University of Applied Sciences. The project concerns the investigation of the current renewable energy market entry and opportunities for Finnish small and medium-sized enterprises (SMEs) in the Nigerian economy. The goals is to support growth and accelerate the internationalization of small and medium-sized Finnish renewable energy companies within developing countries and to determine how they can achieve m...

  8. Strengthening the European Union Climate and Energy Package to build a low carbon, competitive and energy secure european union

    Energy Technology Data Exchange (ETDEWEB)

    Guerin, Emmanuel; Spencer, Thomas

    2011-10-11

    Immediate action to strengthen the European Union Climate and Energy Package (EU CEP) is needed to ensure Europe's sustained growth, competitiveness and energy security. Indeed, the current 20% emissions reduction target is too low to reach the European long-term goal of reducing emissions by at least 80% by 2050 at acceptable costs. But the EU CEP is also inefficient to address sustainable potential competitiveness losses and carbon leakages in some carbon intensive industries, and most importantly to boost fully the competitiveness of firms producing low-carbon products and services. Moving to 30% by 2020 could induce significant long-term GDP gains and only marginal GDP short-term costs, increase the competitiveness of European firms producing innovative low-carbon technologies, and reduce both final energy consumption and EU energy dependency. But for these objectives to be met, the contents of policies to reach this 30% target is as important as the target itself. There are three main areas in which the EU CEP needs strengthening: (1) Improvement of the energy efficiency of the existing building stocks, and limitation of the absolute level of energy consumption in the transport sector are needed to reach the 20% energy efficiency target. Binding targets should only be used when absolutely necessary and when helpful. (2) From an economic, environmental and political perspective, setting a stringent European Union Emission Trading System (EU ETS) 2030 cap between -45 and -50% from 2005 levels is probably the most relevant, efficient, and realistic option in the short term. It would increase the predictability of the carbon price signal, and therefore the credibility of the regulator. Banking would ensure that this stringent mid-term target translates into a short-term increase of the carbon price. (3) In some cases, direct public financial support is justified and efficient: to overcome market failures and non-market barriers; to support innovation in low

  9. Research document no.31. Integration of European gas markets: nascent competition in a diversity of models

    Energy Technology Data Exchange (ETDEWEB)

    Finon, D

    2002-07-01

    The idea of building an integrated European gas market based on competitive trade, like a gas lake supplied indifferently by remote, intra-European and national sources with the help of active market places allowing arbitration and price convergence, is far from being reached. In fact it depends upon two conditions: the deregulation of each gas market at national level, and at the upper level of the market the change in contractual relations between remote gas producers and buyers, who currently make the relations rigid with long-term transactions and limit opportunities for exchange on a competitive basis. This document analyses at two levels, namely national and European, the changing shape of the European gas markets under the effects of the market reforms and their chance of integration. Firstly the former two-level European gas market, the legacy of which determines the constraints on competition development more strongly than in electricity, are characterized. Secondly, in order to characterize the potential for development of competition, the main traits of each national gas market are identified in terms of market attractiveness and market accessibility for the incumbents competitors. Thirdly, dynamics of market development towards market integration are inferred at European level from these characteristics and from the possibility for development of new forms of gas trade between foreign producers, suppliers and users at national level. (A.L.B.)

  10. Energy Cultures in the European Union

    OpenAIRE

    Rosicki, Remigiusz

    2016-01-01

    The main object of the analysis presented in the text was to point to and confirm the existence of special “energy cultures” in the European Union. In order to achieve this aim the use was made of research present in the literature, inter alia, in the publications containing statistical analyses by: (1) A. Pach-Gurgul, (2) P. Tapio and his research team – Banister, J. Luukkanen, J. Vehma i R. Willamo, also in a review, (3) Z. Łucki and W. Misiak. Compared with the invoked research, the timefr...

  11. European energy policy: the green book; Politique energetique europeenne: le livre vert

    Energy Technology Data Exchange (ETDEWEB)

    Anon

    2006-03-15

    Energy dependence, insecurity of supplies, rise of demand and prices, global warming: these are the characteristics of the energy situation of the 21. century. The new green book of the European Commission about 'a European strategy for a safe, competitive and durable energy' starts from this alarming status and proposes some suggestions for the building up of a new global European energy policy: realization of the European domestic energy markets (a European energy network, a priority interconnection plan for gas networks, a separation of transport and distribution activities for equitable rules, a reinforcement of the competitiveness of the European industry), a joint security of supplies between member states (redefining the EU position about strategic oil and gas reserves), a sustainable, efficient and diversified energy offer, an integrated approach to fight against global warming (improving energy efficiency, development of renewable energy sources, carbon sequestration), encouraging innovation, developing a consistent foreign policy of energy (a clear policy for the security and diversification of energy supplies, energy partnerships between producers, transit countries and other international actors). (J.S.)

  12. Transforming Global Markets for Clean Energy Products

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2010-07-01

    This paper looks at three clean energy product categories: equipment energy efficiency; low-carbon transport, including high-efficiency vehicles and electric/plug-in hybrid electric vehicles (EV/PHEVs); and solar photovoltaic (PV) power. Each section identifies ways to enhance global co-operation among major economies through case studies and examples, and ends with specific suggestions for greater international collaboration on market transformation efforts. An annex with more detailed case studies on energy-efficient electric motors, televisions, external power supplies and compact fluorescent lights is included in the paper.

  13. European Transition into a Socio-ecological Market Economy

    Directory of Open Access Journals (Sweden)

    Erich Hoedl

    2014-10-01

    Full Text Available The European Union has introduced the Europe 2020 Strategy and Horizon 2020, which contain several elements for a transition into a Socio-ecological Market Economy. But their implementations are mainly hampered by the unduly large financial sector and the political striving for high economic growth. A turn into low growth equilibrium needs a reduction of total capital inputs, which are composed of financial, man-made and natural capital. Whereas the reduction of financial capital needs a strong, but actually lacking political will, the reduction of man-made and natural capital depends on a real capital saving innovation system, which should partly be financed by a transfer of financial capital to the real productive sector. Beyond a strong reduction of financial capital and depending on existing ecological, social and economic problems, the innovation system should save man-made and natural capital accordingly. In all cases these innovations need higher qualification by means of a human-centered educational system. Higher educational investments, i.e. augmented “human capital,” are decisive for a transition into a Socio-ecological Market Economy for two reasons: First, higher qualification will augment the wage-profit relation and second, capital saving innovations will reduce productive capital inputs without reducing the profit rate on the reduced real capital stock. Increasing “human capital” intensity will accelerate the transition into low growth equilibrium with a higher consumption-investment relation, which creates more domestic final demand and needs lower export surpluses. Starting from existing high productive and financial capital intensity, during the transition saving surpluses in Europe will decline only step by step; they should not be allocated in financial markets, but for a considerably more human-centered education and real investments in Europe and the Third World.

  14. Distributed generation in European electricity markets. Current challenges and future opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Ropenus, S. (Technical Univ. of Denmark, Risoe National Lab. for Sustainable Energy. Systems Analysis Div., Roskilde (Denmark))

    2010-07-01

    This Ph.D. thesis studies the role of distributed generation in European electricity markets. It focuses primarily on the interactions of economics and policy with the aim of contributing to the understanding of how distributed generation is embedded in the present regulatory and market framework, which barriers exist, and which role it may possibly play in the future. To capture the interdisciplinarity of the topic, a combination of qualitative and quantitative methods is applied. Subsequent to the identification of barriers, this thesis turns to the microeconomic perspective on the interplay of vertical structure, regulation and distributed generation. This is done through the application of quantitative methods in the form of partial equilibrium models focusing on the effects induced by the vertical structure of the network operator, either a combined operator or a distribution system operator, in a market with small distributed producers. In areas where the promotion of renewable energy sources and combined heat and power has induced a substantial increase in distributed generation, new challenges in system integration arise. In particular, high levels of generation from intermittent energy sources, such as wind, add to the complexity of network operation and control, which can hardly be tackled with the present 'fit and forget' approach. The conclusion is that distributed generation has great potential to enhance competitiveness, sustainability and security of supply in European electricity markets. A prerequisite is the removal of market and regulatory barriers, taking the interdependencies of vertical structure, support mechanisms and network access into account. In the future, higher penetration levels of distributed generation necessitate changes in the power system and the adoption of new technologies, where hydrogen production by grid connected electrolysis constitutes one example. (LN)

  15. The European Union and Russian energy politics. External energy relations and interdependency between the European Union and Russia

    Energy Technology Data Exchange (ETDEWEB)

    Akca Prill, Melek

    2012-07-01

    The European Union and Russia Energy Politics aims to analyse the energy relationships, energy foreign policy and energy dialogue between the European Union Member States and the Russian Federation. To understand the recent developments in Russian - European Union energy relations better, the study aims to assert the disciplines and approaches of international relations in the example of Russia and the European Union systems of government. The important question here, whether diversification of energy supplier or energy supply routes is possible. If there is a possibility to diversify the supplier, is this then too costly to build, operate and rely on new pipeline routes? More crucial issue is, whether Russia is a reliable energy supplier in terms of European Energy Security approach. Throughout these assumptions, the role and vision of European Union Member States, the possible energy exporter countries, their policies and contributions are going to be discussed.

  16. On market integration of renewable energies

    Energy Technology Data Exchange (ETDEWEB)

    Schroeer, Sebastian

    2014-12-05

    Since the liberalization of electricity and gas markets in Europe, the energy sector has changed in every respect with one constant: most actors have underestimated renewable energies with regard to their growth, their economies of scale and their impact on existing energy markets. If that trend continues, the urgency for policy measures will increase. Given the security of supply, integration of renewables into energy markets is necessary to replace fossil and nuclear capacities. However, the further development of renewable energies plays a crucial role in the ability to meet the energy and climate policy targets. Thus, it increases the need for regulation to achieve societally desirable outcomes. This thesis has examined the effects of renewable energies on existing energy markets. It has also investigated the various other cost-efficient options that policy makers have in striving to reach energy and climate policy targets. We assumed that cost efficiency is a relevant side condition. In the past, this has not always been the case. Today, cost efficiency is definitely relevant and might also be an essential target in the future (see Bundesregierung 2013, p. 50). We contributed to the analysis of power prices as a result of increasing shares of renewables by showing that shutting down conventional capacities will have a merit order effect. This is necessary if renewable energies are to replace fossil and nuclear capacities. Any discussion of a change of market design should make mention of this effect, since spot market revenues impact a company's behaviour within potential capacity markets. From a consumer perspective, we have shown that there is a substantial need for secured capacity with low marginal costs to keep spot prices stable. This outcome has important implications for policy makers if they are to provide consumers with low-cost renewable market integration. Policy makers have numerous ways to reach policy targets than rapidly expanding

  17. HERDING BEHAVIOR UNDER MARKETS CONDITION: EMPIRICAL EVIDENCE ON THE EUROPEAN FINANCIAL MARKETS

    Directory of Open Access Journals (Sweden)

    Moatemri Ouarda

    2013-01-01

    Full Text Available This study presents four main contributions to the literature of behavior herding. Firstly, it extends the behavioral researches of herding of the investors on a developed market and mainly on a European market as a whole. Secondly, we are interested in examination of herding behavior at the level of sectors by using data at the levels of companies. Thirdly, this document estimates the implications of herding behavior in terms of returns, volatility and volume of transaction. Fourthly, the herding behavior is revealed as well during the period of the recent global financial crisis in 2007-2008 and of Asian crisis. Our results reveal a strong evidence of herding behavior sharply contributed to a bearish situation characterized by a strong volatility and a trading volume. The repercussion of herding during the period of the recent financial crisis is clearly revealed for the sectors of the finance and the technology.

  18. Draft for an European Parliament and Council directive to foster domestic market of electricity produced from renewable energy resources; Proposition de Directive du Parlement Europeen et du Conseil relative a la promotion de l'electricite produite a partir de sources d'energie renouvelables sur le marche interieur de l'electricite

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-06-06

    This document contains two parts, an exposition of motives and the proposal. The draft of directive has as objective the creation of an EU frame for boosting on a medium term the electricity production from renewable energy resources (RER). It presents a number of important measures to implement the commitment of reducing the greenhouse gas releases accepted by EU in Kyoto, particularly to increase twice, i.e., from 6% to 12%, the net domestic energy consumption, as established by the White Book on renewable energies and approved by the European Council in May 1998. RER include: Wind Power, Solar Energy, Geothermal Energy, Wave Power, Tidal Power, Hydroelectric Power (of capacity lower than 10 MW) and Biomass The exposition of motives contains six sections: - 1. Introduction; - 2. Detailed outlook of the proposal;- 3. Expertise panel; - 4. Impact on enterprises; - 5. Consulting during drafting the proposal; - 6. Conclusions. The second part displays the proposal in the following six chapters: - 1. Domain of application and definitions; -2. National objectives of the consumption of electricity produced from renewable energy resources; -3. Access of electricity produced from renewable energy resources to the interior domestic energy market; -4. Management procedures; -5. Questions concerning the distribution grid; -6. Final directions. An Appendix is given presenting the indicative figures as objectives of the Member States. So, the RER fraction in the total electricity consumption in the Member States in 2010 as percentage/TWh should looks like: Austria, 78.1/55.3; Belgium, 6.0/6.3; Denmark, 29.0/12.9; Finland, 35.0/33.7; France, 21.0/112.9; Germany, 12.5/76.4; Greece, 20.1/14.5; Ireland, 13.2/4.5; Italy, 25.0/89.6; Luxemburg, 5.7/0.5; Netherlands, 12.0/15.9; Portugal, 45.6/28.3; Spain, 29.4/76.6; Sweden, 60.0/97.5; United Kingdom, 10.0/50.0. Thus, the global figures for the European Union would be 22.1/674.9.

  19. Statistical regularities of Carbon emission trading market: Evidence from European Union allowances

    Science.gov (United States)

    Zheng, Zeyu; Xiao, Rui; Shi, Haibo; Li, Guihong; Zhou, Xiaofeng

    2015-05-01

    As an emerging financial market, the trading value of carbon emission trading market has definitely increased. In recent years, the carbon emission allowances have already become a way of investment. They are bought and sold not only by carbon emitters but also by investors. In this paper, we analyzed the price fluctuations of the European Union allowances (EUA) futures in European Climate Exchange (ECX) market from 2007 to 2011. The symmetric and power-law probability density function of return time series was displayed. We found that there are only short-range correlations in price changes (return), while long-range correlations in the absolute of price changes (volatility). Further, detrended fluctuation analysis (DFA) approach was applied with focus on long-range autocorrelations and Hurst exponent. We observed long-range power-law autocorrelations in the volatility that quantify risk, and found that they decay much more slowly than the autocorrelation of return time series. Our analysis also showed that the significant cross correlations exist between return time series of EUA and many other returns. These cross correlations exist in a wide range of fields, including stock markets, energy concerned commodities futures, and financial futures. The significant cross-correlations between energy concerned futures and EUA indicate the physical relationship between carbon emission and energy production process. Additionally, the cross-correlations between financial futures and EUA indicate that the speculation behavior may become an important factor that can affect the price of EUA. Finally we modeled the long-range volatility time series of EUA with a particular version of the GARCH process, and the result also suggests long-range volatility autocorrelations.

  20. An alternative energy scenario for the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Barrett, M. [Sustainable Environment Consultants Ltd. (SENCO), Colchester (United Kingdom)

    2000-07-01

    The proposed National Emissions Ceiling directive to control acidification and ozone will mean EU emissions of carbon dioxide will rise by 9%, contradictory to Kyoto commitments. Alternative energy strategies including demand management, energy efficiency and low carbon fuels are explored in this report. In addition to abating greenhouse gas emissions, these strategies can facilitate cheaper and greater abatement of other atmospheric pollutants as compared to 'official' scenarios. The given objective was to produce scenarios in which the total emission of carbon dioxide from the fifteen countries of the European Union is reduced by 15% over the period 1990 to 2010. To this end scenarios, called Carbon 15, have been produced for each of the fifteen EU countries taking into account recent historical data and assumed economic and population growth. It is concluded that the Carbon 15 scenarios are technically feasible. The level of demand management is such that, even though natural gas increases its market share, the total European Union consumption of natural gas does not increase very much. It is argued that the Carbon 15 scenarios are economically feasible in that the end use measures are cost effective as against conventional energy supply, and there is no requirement for a large expansion of the supply of any conventional primary fuel. 20 refs., 22 figs., 7 tabs.

  1. Energy trading in the focus of European regulation projects. How REMIT, MiFID II, MiFIR, MAD II and EMIR will professionalize, regulate and endanger energy trading; Energiehandel im Fokus europaeischer Regulierungsvorhaben. Wie REMIT, MiFID II, MiFIR, MAD II und EMIR den Energiehandel professionalisieren, regulieren und gefaehrden

    Energy Technology Data Exchange (ETDEWEB)

    Cieslarczyk, Michael [DLA Piper, Koeln (Germany)

    2012-07-01

    Many market partners fear that new European standards and initiatives to control energy trading activities will endanger the freedom of the markets. The contribution outlines the specifications of REMIT and also goes into the other European initiatives. (orig.)

  2. Market penetration of energy supply technologies

    Science.gov (United States)

    Condap, R. J.

    1980-03-01

    Techniques to incorporate the concepts of profit-induced growth and risk aversion into policy-oriented optimization models of the domestic energy sector are examined. After reviewing the pertinent market penetration literature, simple mathematical programs in which the introduction of new energy technologies is constrained primarily by the reinvestment of profits are formulated. The main results involve the convergence behavior of technology production levels under various assumptions about the form of the energy demand function. Next, profitability growth constraints are embedded in a full-scale model of U.S. energy-economy interactions. A rapidly convergent algorithm is developed to utilize optimal shadow prices in the computation of profitability for individual technologies. Allowance is made for additional policy variables such as government funding and taxation. The result is an optimal deployment schedule for current and future energy technologies which is consistent with the sector's ability to finance capacity expansion.

  3. European conferences. Integration of renewable energies in buildings; Conferences europeennes. Integration des energies renouvelables dans le batiment

    Energy Technology Data Exchange (ETDEWEB)

    Bal, J.L. [ADEME, Agence de l' Environnement et de la Maitrise de l' Energie, 75 - Paris (France); Letz, T. [Asder, 73 - Saint Alban Leysse (France); Tuille, F. [Observ' er, 75 - Paris (France)] [and others

    2001-07-01

    This document comprises 2 parts. First part is a detailed program of the exhibition with a press dossier which presents the different topics discussed during conferences and round tables, the market of renewable energies, and a list of agencies and companies involved in renewable energies development and products. The second part is the abstracts of the lectures presented during the European conferences on the integration of renewable energies in buildings (solar-thermal and photovoltaic systems, wood fuel and biomass). (J.S.)

  4. Energy policy and energy market performance: The Argentinean case

    Energy Technology Data Exchange (ETDEWEB)

    Recalde, Marina, E-mail: mrecalde@uns.edu.ar [Departamento de Economia, Universidad Nacional del Sur (UNS) - Consejo Nacional de Ciencia y Tecnologia (CONICET), 12 de Octubre 1198 piso 7, B8000CTX Bahia Blanca (Argentina)

    2011-06-15

    In the early 1990s Argentina liberalized and privatized the energy system, trending to a total market oriented system and abandoning the use of energy policy. Since 2004, as a result of a boom in energy demand and constrains in energy supply, Argentina has gone through an energy problem mainly related to natural gas and electricity, which derived in energy shutdowns. In this frame, this study explores the role of energy policy and institutions in Argentina, with the aim of discussing whether it has been properly used to contrast the observed lack of coordination between fossil energy reserves management and the demand of fuels in power generation. The results of the analysis enhance the relevance of regulatory and control authorities, as well as the active use of long run energy policy for the energy system performance in order to avoid coordination failures between subsectors of the system. The relevance of energy consumption for the development process, and the particular characteristics of energy systems require a wide planning perspective. - Highlights: > This paper examines some aspects of the performance of the Argentinean energy system and energy policy. > There is a lack of coordination between fossil energy reserves management and electricity demand. > It is required an improvement of the regulatory framework, and an active role of the regulatory authorities. > A better planning for electricity supply and strengthening aspects related to the linking with other energy chains. > Promoting a systematic exploitation of NG and oil reserves' and increasing the share of RETs in the energy mix.

  5. Renewables in a Liberalised Energy Market

    DEFF Research Database (Denmark)

    Meyer, Niels I

    1997-01-01

    Negotiations concerning the socalled liberalised electricity market in EU were started back in 1988.They have been lengthy and difficult due to different structures and priorities of the power sectors in different countries. Furthermore, several of the utilities have shown considerable reluctance...... to accept the proposed changes. It was not until December 1996 that an EU directive was finally passed by the Council of Ministers. This paper discusses the consequences for Danish energy policy of the new EU directive....

  6. Multi-agent simulation of competitive electricity markets: Autonomous systems cooperation for European market modeling

    DEFF Research Database (Denmark)

    Santos, Gabriel; Pinto, Tiago; Morais, Hugo

    2015-01-01

    , respecting to the reality of different countries. This integration is done through the development of an upper ontology which integrates the essential concepts necessary to interpret all the available information. The continuous development of Multi-Agent System for Competitive Electricity Markets platform......The electricity market restructuring, and its worldwide evolution into regional and even continental scales, along with the increasing necessity for an adequate integration of renewable energy sources, is resulting in a rising complexity in power systems operation. Several power system simulators...... have been developed in recent years with the purpose of helping operators, regulators, and involved players to understand and deal with this complex and constantly changing environment. The main contribution of this paper is given by the integration of several electricity market and power system models...

  7. Homogeneity of the European Union from the Point of View of Labour Market

    OpenAIRE

    Marianna Siničáková

    2011-01-01

    The paper deals with the idea of the European Union labour market homogeneity from the perspective of employment, unemployment, earnings and gender pay gap. Due to integration procedures within Europe, important mutual trade, capital and labour force mobility; it can be expected that labour market phenomena are gradually transmitted from western European countries to new member states. The paper proves a certain rate of labour market mimicking within Europe. Tendencies in unemployment, employ...

  8. Renewable energy and the need for local energy markets

    DEFF Research Database (Denmark)

    Hvelplund, Frede

    2006-01-01

    green energy technology cluster was established. During the second phase, new difficulties and challenges have arisen, both with regard to local public acceptance and the need for integrating an increasing percentage of fluctuating energy sources into the energy system. In this Phase 2, a new offensive......In Denmark, a technological change towards cleaner energy technologies has been developed and implemented since around 1975. This development has had two phases: The first from 1975 until around 1996, when wind power was a niche production that supplied only 3.5% of the electricity consumption...... green energy policy should be introduced in order to secure both public and political acceptance. Local markets should be established in order to secure the technical integration of a large proportion of wind power and other fluctuating renewable energy sources into the energy system....

  9. Th european market of the electric power; Le marche europeen de l'electricite

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    This document presents the CRE (commission of the Electric power Control) progress report concerning the first july 2000 to the 30 june 2001. Three main subjects are discussed, illustrated by economic data and graphs: the electric power european market, the french market control and the CRE. A special interest is given to the deregulation of the market and its consequences. (A.L.B.)

  10. Intercultural aspects and success factors of European companies entering the Indian market

    OpenAIRE

    Pilný, Ondřej

    2015-01-01

    This bachelor thesis focuses on the Intercultural aspects and success factors of European companies entering the Indian market. Its main objective is to evaluate Intercultural aspects and success factors. Partial aims are to evaluate attractive-ness of chosen emerging segments in Indian market. Analyse external business environment in India. Recommend market entry strategy, business communica-tion and Intercultural management.

  11. Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash

    Directory of Open Access Journals (Sweden)

    Meric Ilhan

    2015-08-01

    Full Text Available Empirical studies show that correlation between national stock markets increased and the benefits of global portfolio diversification decreased significantly after the global stock market crash of 1987. The 1987 and 2008 crashes are the two most important global stock market crashes since the 1929 Great depression. Although the effects of the 1987 crash on the comovements of national stock markets have been investigated extensively, the effects of the 2008 crash have not been studied sufficiently. In this paper we study this issue with a research sample that includes the U.S stock market and twenty European stock markets. We find that correlation between the twenty-one stock markets increased and the benefits of portfolio diversification decreased significantly after the 2008 stock market crash.

  12. 75 FR 35017 - Brookfield Energy Marketing LP; Supplemental Notice That Initial Market-Based Rate Filing...

    Science.gov (United States)

    2010-06-21

    ... Energy Regulatory Commission Brookfield Energy Marketing LP; Supplemental Notice That Initial Market... supplemental notice in the above-referenced proceeding of Brookfield Energy Marketing LP's application for... the FERC Online links at http://www.ferc.gov . To facilitate electronic service, persons with Internet...

  13. Agora Energiewende (2016). The power market pentagon. A pragmatic power market design for Europe's energy transition

    Energy Technology Data Exchange (ETDEWEB)

    Buck, Matthias; Redl, Christian; Steigenberger, Markus; Graichen, Patrick

    2016-04-15

    As consequence of Europe's climate and energy agenda, the European Union will generate some 50 percent of its electricity from renewables by 2030. By 2050, the EU's power system will have to be completely carbon-free. Solar photovoltaics and wind power - driven by significant cost reductions - will almost certainly contribute the biggest share of the zero-carbon technologies. Given the specific characteristics of wind power and photovoltaics (intermittent generation, high capital costs, very low variable costs), they will fundamentally change both market operations and the market design framework. Decarbonisation rests on continuous investments in these technologies. Usually it is expected that the energy market will deliver these investments, in combination with the emissions trading system. But is this view, based on simple textbook economics, enough to enable the required investments under real world conditions? In this paper, we argue that this rather theoretical view to power market design is not the way forward. Instead, a more pragmatic approach is needed, that takes into account the complex practical, political, and economic challenges of the transition towards a carbon-free power system. Thus, we propose to think of the future European market design as a Power Market Pentagon.

  14. Renewable Energy: Markets and Prospects by Regions

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-07-01

    This information paper accompanies the IEA publication Deploying Renewables 2011: Best and Future Policy Practice (IEA, 2011a). It provides more detailed data and analysis on policies for Deploying Renewables and is intended to complement the main publication. This information paper provides an in-depth account of the regional markets and policy trends in all six focus regions; 56 countries in total. Each region is discussed with regards to: recent market developments in the electricity, heat and transport sector; policy developments; IEA projections; an analysis of the mid-term (2030) potential of renewable energy technologies in these regions; and an analysis of the strategic drivers underpinning the deployment of RE in each region.

  15. Market survey Hungary. Bio-energy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-01-15

    Basic characteristics of the market for bioenergy (biomass, biogas and biofuels) in Hungary and consequences for business environment are summarized, based on a SWOT analysis. RES is the priority issue to which a lot of attention is paid both at governmental and private level; private investors should view RES as a new niche for their business activities. Standard approach based on a thoroughly done preparation of the project in terms of profitability and risk assessment is necessary in order to avoid potential financial losses due to changed market conditions or differences between assumptions and business reality. Some recommendations for entry on the Hungarian bio energy market are presented: (1) Generally, look for success stories in the Netherlands first and then look for places where such proved and time-tested technologies could be used in Hungary with respect to local specifics. In such way, you can find market niches where investment can be made or new products can be launched; (2) For retail selling it is appropriate to establish business contacts with existing dealers and associations and offer own products through their distribution network. This scheme has the advantage of low initial costs as well as risks involved; (3) In the case of large investments into equipment complexes using RES it seems more appropriate to refer directly either to municipal authorities on whose cadastre the investment should take place or to specialized consultancy agencies that can support the plan with additional information on legal requirements, national programmes supporting RES or available technology. Of course, direct collaboration with well-established local partner can be beneficial for both sides too; (4) If you want to receive up-to-date information on particular aspects of the biomass market in Hungary, you can refer to some governmental organisations associations referred in the key contact addresses.

  16. Market power in interactive environmental and energy markets

    DEFF Research Database (Denmark)

    Amundsen, Eirik S; Nese, Gjermund

    2017-01-01

    A market for tradable green certificates (TGCs) is strongly interwoven in the electricity market in that the producers of green electricity are also the suppliers of TGCs. Therefore, strategic interaction may result. We formulate an analytic equilibrium model for simultaneously functioning...... electricity and TGC markets, and focus on the role of market power (i.e., Stackelberg leadership). One result is that a certificate system faced with market power may collapse into a system of per-unit subsidies. Also, the model shows that TGCs may be an imprecise instrument for regulating the generation...

  17. Carbon and energy saving markets in compressed air

    Science.gov (United States)

    Cipollone, R.

    2015-08-01

    CO2 reduction and fossil fuel saving represent two of the cornerstones of the environmental commitments of all the countries of the world. The first engagement is of a medium to long term type, and unequivocally calls for a new energetic era. The second delays in time the fossil fuel technologies to favour an energetic transition. In order to sustain the two efforts, new immaterial markets have been established in almost all the countries of the world, whose exchanges (purchases and sales) concern CO2 emissions and equivalent fossil fuels that have not been emitted or burned. This paper goes deep inside two aspects not yet exploited: specific CO2 emissions and equivalent fossil fuel burned, as a function of compressed air produced. Reference is made to the current compressor technology, carefully analysing CAGI's (Compressed Air Gas Institute) data and integrating it with the PNUEROP (European Association of manufacturers of compressors, vacuum pumps, pneumatic tools and allied equipment) contribution on the compressor European market. On the base of energy saving estimates that could be put in place, this article also estimates the financial value of the CO2 emissions and fossil fuels avoided.

  18. From European to Eurasian energy security: Russia needs and energy Perestroika

    Directory of Open Access Journals (Sweden)

    Pavel K. Baev

    2012-07-01

    Full Text Available Political attention in Europe and the US to the problem of energy security has significantly diminished, and there is more to this shift that just the impact of financial crisis in the EU and the effect of the ‘shale gas revolution’. In the middle of the past decade, some fundamental decisions were made in the European Commission regarding the liberalization and diversification of the energy supplies, but the economic underpinning of these decisions has vastly changed. The whole set of energy directive is now pointing in the wrong direction, but rethinking of past mistakes is lagging, so the energy policy is left in its bureaucratic ‘box’. Russia is set to remain locked in the European gas market but is very slow in adapting to the changes in it. Both Russia and the EU remain in denial that the time for their energy-geopolitical games is over as the nexus of energy flows is fast shifting to Asia-Pacific.

  19. Chilean wine in the european market : a positioning mapping approach from Germany

    OpenAIRE

    Díaz Osorio, José; Valdés, Rodrigo; Hernández, Nicole

    2015-01-01

    Current wine marketing requires a rethinking of business strategy in order to increase the current market share and international prestige. This paper provides a comparative diagnosis of the positioning of Chilean wine in the European market, focusing on the case of Germany. The working methodology was based on the registering and market segmentation of the selection of wines on display on the shelves of supermarkets, hypermarkets and specialt...

  20. Transformation of Polish Energy Policy in the Context of Changes in European Union Member States

    Directory of Open Access Journals (Sweden)

    Radosław Szczerbowski

    2015-09-01

    Full Text Available This paper presents the development of the Polish energy system in the context of the changes taking place in the energy systems of other European Union Member States. Power system development plans in selected European countries were analysed, as well as their impact on the development of the national energy system. To be effective, an energy policy must affect the investment decisions of business entities. Poland is at the time when it should create the optimal energy mix concept and consistently strive for its implementation. This paper aims to show the real direction of growth in the electricity generation assets in Poland, as well as to indicate the possible impact of trends in the policies of European Union Member States on the electricity market in Poland.

  1. The liberalization of the European gas market and its consequences for Russia

    Energy Technology Data Exchange (ETDEWEB)

    Finon, D.; Locatelli, C

    2002-07-01

    Russia is the world biggest natural gas producer, with output of 581 bn m{sup 3} in 2001, and is also a key supplier of the European gas market (around 30% of current European Union gas imports). Therefore gas exports rank with oil exports as an essential variable of Russian economic policy, and any institutional evolution of its gas export markets is crucial for Russia's economy as well as its gas industry. Liberalization of the European gas market will have major consequences for main suppliers, and therefore for Russia. (author)

  2. European Uunion Energy Security and Russia

    Directory of Open Access Journals (Sweden)

    Nodari A. Simonia

    2015-01-01

    Full Text Available The article deals with the retrospective of relations between Russia, USA and EU in the sphere of energy security, as well as their interaction regarding the current political crisis in the Ukraine. Particular attention is paid to the evolution of the key actors'positions and the development of their relations within the framework of the regulatory regimes established by the most significant agreements in the energy sphere. In conclusion the authors claim that what they say in their article not only does substantially reinforce the arguments set forth by Professor Giuseppe Guarino, who argues about the negative consequences caused by the dictatorship of the Brussels's bureaucracy within the EU, but also inflicts another blow on the Maastricht Treaty and the Treaty of Lisbon in terms of external policy and trade, since the both Treaties were designed to convert the EU in a real competitor of the United States in the then forming multipolar World. The Brussel's bureaucracy, having turned into a dutiful instrument of the US geopolitical strategy, hindered the movement of the EU in that direction, while its dictatorship in energy security aggravates the crisis situation of the EU, almost pushing the EU to the brink of collapse and disintegration. We have lately witnessed an evolving and growing phenomenon of the so called "Euroscepticism". The results of the Europarliament elections in late May, 2014, were a graphic demonstration of the symptoms of this alarming for the EU disease, when the anti-EU parties in the four out 22 EU countries won the elections (France, United Kingdom, Denmark, and Greece Those results, regardless of the panic headlines in mass media and statements like "shocking" or "earthquake" made by some politicians, were not able to significantly affect the nature of the European Parliament, though they can significantly complicate its work. This is so far the first "alarming bell" tolling for the EU.

  3. Classifying Returns as Extreme: European Stock and Bond Markets

    DEFF Research Database (Denmark)

    Christiansen, Charlotte

    whereby a shorter sample period is needed. For the bond markets the simultaneous extreme return variable (used for analyzing integration and contagion of financial markets) is not statistically different for the two schemes. For the stock markets there are differences, but they are disappearing......I consider the stock and bond markets of 14 EU countries. I use two classification schemes for defining extreme returns: One, the existing univariate classification scheme which considers each market separately. Two, the new multivariate classification scheme that considers all the markets jointly...

  4. Analysis of the Russian Market for Building Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    Lychuk, Taras; Evans, Meredydd; Halverson, Mark A.; Roshchanka, Volha

    2012-12-01

    This report provides analysis of the Russian energy efficiency market for the building sector from the perspective of U.S. businesses interested in exporting relevant technologies, products and experience to Russia. We aim to help U.S. energy efficiency and environmental technologies businesses to better understand the Russian building market to plan their market strategy.

  5. Energy Performance of Buildings - The European Approach to Sustainability

    DEFF Research Database (Denmark)

    Heiselberg, Per

    2006-01-01

    This paper presents the European approach to improve sustainability in the building sector, which has a very high potential for considerable reduction of energy consumption in the coming years. By approving the Energy Performance in Buildings Directive the European Union has taken a strong...

  6. Danish and European plans for wind energy deployment

    DEFF Research Database (Denmark)

    Jensen, Peter Hjuler; Knudsen, Søren; Morthorst, Poul Erik

    2014-01-01

    In this chapter we outline European policies directed towards the ambitious target of large-scale use of wind energy in the European electricity supply system, and the scenarios that foresee up to 34% of Europe’s electricity coming from wind by 2030. First, however, we address Danish energy policy...

  7. Market Brief. Status of the Voluntary Renewable Energy Certificate Market (2011 Data)

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, Jenny [National Renewable Energy Lab. (NREL), Golden, CO (United States); Armstrong, Philip [National Renewable Energy Lab. (NREL), Golden, CO (United States); Bird, Lori [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2012-09-01

    This report documents the status and trends of U.S. 'voluntary' markets -- those in which consumers and institutions purchase renewable energy to match their electricity needs on a voluntary basis. Voluntary REC markets continue to exhibit growth and spur renewable energy development. Voluntary green power markets provide an additional revenue stream for renewable energy projects and raise consumer awareness of the benefits of renewable energy. Although a full estimate of the size of the voluntary market is not available for 2011, this review uses indicative metrics to capture 2011 voluntary market trends.

  8. Market Brief: Status of the Voluntary Renewable Energy Certificate Market (2011 Data)

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, J.; Armstrong, P.; Bird, L.

    2012-09-01

    This report documents the status and trends of U.S. 'voluntary' markets -- those in which consumers and institutions purchase renewable energy to match their electricity needs on a voluntary basis. Voluntary REC markets continue to exhibit growth and spur renewable energy development. Voluntary green power markets provide an additional revenue stream for renewable energy projects and raise consumer awareness of the benefits of renewable energy. Although a full estimate of the size of the voluntary market is not available for 2011, this review uses indicative metrics to capture 2011 voluntary market trends.

  9. 78 FR 65978 - Application to Export Electric Energy; Brookfield Energy Marketing Inc.

    Science.gov (United States)

    2013-11-04

    ... Application to Export Electric Energy; Brookfield Energy Marketing Inc. AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ACTION: Notice of application. SUMMARY: Brookfield Energy Marketing Inc... President of Legal Services and General Counsel, Brookfield Energy Marketing Inc., 480 de la Cite Blvd...

  10. Energy storage systems: power grid and energy market use cases

    Directory of Open Access Journals (Sweden)

    Komarnicki Przemysław

    2016-09-01

    Full Text Available Current power grid and market development, characterized by large growth of distributed energy sources in recent years, especially in Europa, are according energy storage systems an increasingly larger field of implementation. Existing storage technologies, e.g. pumped-storage power plants, have to be upgraded and extended by new but not yet commercially viable technologies (e.g. batteries or adiabatic compressed air energy storage that meet expected demands. Optimal sizing of storage systems and technically and economically optimal operating strategies are the major challenges to the integration of such systems in the future smart grid. This paper surveys firstly the literature on the latest niche applications. Then, potential new use case and operating scenarios for energy storage systems in smart grids, which have been field tested, are presented and discussed and subsequently assessed technically and economically.

  11. Technology, market and policy aspects of geothermal energy in Europe

    Science.gov (United States)

    Shortall, Ruth; Uihlein, Andreas

    2017-04-01

    The Strategic Energy Technology Plan (SET-Plan) is the technology pillar of the EU's energy and climate policy. The goal of the SET-Plan is to achieve EU worldwide leadership in the production of energy technological solutions capable of delivering EU 2020 and 2050 targets for a low carbon economy. The Joint Research Centre (JRC) runs and manages the SET-Plan Information System (SETIS) to support the SET-Plan. Under SETIS, the JRC publishes a number of regularly updated key references on the state of low carbon technology, research and innovation in Europe. Within the framework of the SET-Plan, the geothermal sector is placed into context with other power and heat generation technologies. The talk will give an introduction to some of JRC's geothermal research activities. Amongst others, the JRC Geothermal status report will be presented. This report aims to contribute to the general knowledge about the geothermal sector, its technology, economics and policies, with a focus on innovation, research, development and deployment activities as well as policy support schemes within the European Union. The speech will present the main findings of the report, providing an overview of the activities and progress made by the geothermal energy sector, the status of its sub-technologies and current developments. In addition, the speech will discuss the economic, market and policy aspects of geothermal energy for power production, direct use and ground source heat pumps in Europe and beyond.

  12. Energy policy responses to the climate change challenge: The consistency of European CHP, renewables and energy efficiency policies

    Energy Technology Data Exchange (ETDEWEB)

    Grohnheit, P.E.

    1999-09-01

    This report is Volume 14 of individual reports of the Shared Analysis Project prepared for the European Commission, Directorate General for Energy. The three major objectives of the project were: to design a common framework of energy analysis that aimed to involve all Member States and the experts of industrial research groups (the shared approach to energy analysis); To analyse generic EU-wide issues important for energy policy and for future energy demand and production, putting particular emphasis on world energy market trends, strategic energy policy responses to the Kyoto process, and evaluation of response strategies to increasing energy import dependence and to climate change activities; to carry out quantitative analyses of energy trends and scenarios as an input for discussion. The present volume considers three main issues concerning energy policy responses to the climate change challenge: the penetration of CHP and renewables according to official objectives, focusing on infrastructure and institutions rather than technology; the consistency of promotion of CHP, renewables and energy savings at the same time; consumers' choices and priorities in a liberalised market. The volume describes examples of policies in several Member States for these technologies with emphasis on CHP for both large-scale and small-scale district heating systems. The penetration of CHP technologies is analysed quantitatively using a traditional optimisation model approach for stylised regions with heat markets suitable for CHP and facing a competitive European market for electricity. The Joint Final Report of the project, titled 'Economic Foundations for Energy Policy' is published as a Special Issue of Energy in Europe, December 1999. All reports are available on the Internet, www.shared-analysis.fhg.de/ The project started in January 1998, involving about 100 months of scientific labour. The project consortium consisted of nine member institutes co-ordinated by

  13. Shell's Role in the Future European Gas Scene - Is a Major Market Restructuring Under Way?

    Energy Technology Data Exchange (ETDEWEB)

    Segundo, Karen de

    1999-07-01

    The European gas market is being restructured by a combination of major global forces. Environmental considerations like the Kyoto Agreement favour the use of gas. But in the medium-term, supplies may be limited by low energy prices. The political drive for increased competition has manifested itself as the EU Gas Directive, which came into force in 1998. Shell believes that the European industry must progressively adapt to this restructuring. Flexible mechanisms like tradable emission permits should be used to generate investment capital for new gas supply projects. Moreover, both industry and regulators should take a positive and constructive approach towards increasing competition in the marketplace.

  14. Are European Equity Style Indexes Mean Reverting? Testing the Validity of the Efficient Market Hypothesis

    OpenAIRE

    Berneburg, Marian

    2004-01-01

    The article tests for a random walk in European equity style indexes. After briefly introducing the efficient market hypothesis, equity styles in general and the used statistical techniques (Variance Ratio Test and modified Rescaled Range Test) it is shown that a random walk in European equity style indexes cannot be rejected. At least in the period since the mid 70s, for which this research has been conducted, the weak form efficient market hypothesis seems to hold.

  15. Towards an international health market with the European Court

    DEFF Research Database (Denmark)

    Martinsen, Dorte Sindbjerg

    2005-01-01

    This article examines the process through which a European healthcare dimension has been established and which has gradually extended the rights of European patients to cross-border healthcare. The integrative course has been charted by the legal activism of the European Court of Justice, whereas...... by national authorities can be challenged. Through the indeterminacy of European rules, open to continuous contestation and clarification, healthcare institutionalisation has proceeded and the European Union has extended into the core of the welfare state....... evolution of Community law has increasingly challenged the national instrument to retain health supply within own borders. Furthermore, the position of the European patient has been empowered by new individual rights, emanating from a supranational locus of rights against which the discretion exerted...

  16. Solar energy market penetration models - Science or number mysticism

    Science.gov (United States)

    Warren, E. H., Jr.

    1980-01-01

    The forecast market potential of a solar technology is an important factor determining its R&D funding. Since solar energy market penetration models are the method used to forecast market potential, they have a pivotal role in a solar technology's development. This paper critiques the applicability of the most common solar energy market penetration models. It is argued that the assumptions underlying the foundations of rigorously developed models, or the absence of a reasonable foundation for the remaining models, restrict their applicability.

  17. Interaction of Compliance and Voluntary Renewable Energy Markets

    Energy Technology Data Exchange (ETDEWEB)

    Bird, L.; Lokey, E.

    2007-10-01

    In recent years, both compliance and voluntary markets have emerged to help support the development of renewable energy resources. Both of these markets are growing rapidly and today about half of U.S. states have RPS policies in place, with a number of these policies adopted in the last several years. In addition, many states have recently increased the stringency of their RPS policies. This paper examines key market interaction issues between compliance and voluntary renewable energy markets. It provides an overview of both the compliance and voluntary markets, addressing each market's history, purpose, size, scope, and benefits while addressing issues, including double counting.

  18. Market survey Slovak Republic. Bio-energy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-01-15

    The study presents an overview of Slovakian bioenergy market, its current state and future prospects in terms of size and potentials. In the opening, the basic structure of Slovakian energy sources is presented from IEA energy statistics, then a list of programmes and valid legislation relating to RES follow. Figures from several sources show possible potential accomplishable in biomass utilisation in Slovakia. Some most promising areas containing interesting amounts of unutilised biomass are quoted. Chapter 4 contains overview of programmes supporting the use of RES, examples of already realised projects and some planned projects. In Chapter 5 there is a list of main stakeholders in the bioenergy sector, description of legal requirements and procedures necessary for starting a business in Slovakia and some ways how to promote bioenergy business in Slovakia. As the most promising opportunities identified in Slovakia we can consider projects of biomass utilisation in the form of installation of boilers and creation of distribution channels enabling steady supply of biomass for competitive prices. A lot of waste and other residues from woodworking industries or forestry is available for this purpose. Dutch companies should make maximum use of their technological know-how and try to offer equipment for biomass utilisation. Biogas is produced only on a very limited scale. The reason for that lies in relatively high initial costs that cannot be covered from farming companies and low rentability of realised projects. Still, projects solving disposal of agricultural waste on the one hand and energy production on the other are worth paying attention to. Success stories from the Netherlands could serve as a source of inspiration but doing of thoroughgoing analysis preceding investment itself is of necessity in order to cope with hidden risks and uncertainties. In any case, Dutch companies can offer technological equipment to Slovakian buyers without risks connected with

  19. Market survey Slovakia. Bio-energy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-01-15

    The study presents an overview of Slovakian bioenergy market, its current state and future prospects in terms of size and potentials. In the opening, the basic structure of Slovakian energy sources is presented from IEA energy statistics, then a list of programmes and valid legislation relating to RES follow. Figures from several sources show possible potential accomplishable in biomass utilisation in Slovakia. Some most promising areas containing interesting amounts of unutilised biomass are quoted. Chapter 4 contains overview of programmes supporting the use of RES, examples of already realised projects and some planned projects. In Chapter 5 there is a list of main stakeholders in the bioenergy sector, description of legal requirements and procedures necessary for starting a business in Slovakia and some ways how to promote bioenergy business in Slovakia. As the most promising opportunities identified in Slovakia we can consider projects of biomass utilisation in the form of installation of boilers and creation of distribution channels enabling steady supply of biomass for competitive prices. A lot of waste and other residues from woodworking industries or forestry is available for this purpose. Dutch companies should make maximum use of their technological know-how and try to offer equipment for biomass utilisation. Biogas is produced only on a very limited scale. The reason for that lies in relatively high initial costs that cannot be covered from farming companies and low rentability of realised projects. Still, projects solving disposal of agricultural waste on the one hand and energy production on the other are worth paying attention to. Success stories from the Netherlands could serve as a source of inspiration but doing of thoroughgoing analysis preceding investment itself is of necessity in order to cope with hidden risks and uncertainties. In any case, Dutch companies can offer technological equipment to Slovakian buyers without risks connected with

  20. Does permit price reflect fundamentals in the European Union emissions trading market? Theory and econometric analysis

    Energy Technology Data Exchange (ETDEWEB)

    Aatola, P.; Ollikainen, M. [Univ. of Helsinki (Finland). Dept. of Economics and Management

    2007-07-01

    The European Union launched the carbon dioxide (CO{sub 2}) emissions trading system (EU ETS) to alleviate climate change and reach its Kyoto commitment. The EU ETS is the largest and most ambitious emissions trading program in the world. Its development, price fluctuations and volumes exchanged have been of great interest before the start of the program and during the almost three years of trading. Most of the interest has focused on the following questions: Can the EU ETS actually achieve the desired reduction in CO{sub 2} emissions, given the heterogeneity of countries and industries involved? Does the permit price follow fundamentals, given that the system is politically created and subject to all uncertainties associated with climate policies? Does the EU ETS provide sufficient incentives to invest in greener technologies and in renewable energy sources? The authors investigate how closely the price of emission permits reflects market fundamentals in the EU ETS. They postulate uncertain permit price and risk-averse firms. The firms produce final goods, abate their emissions and trade permits in the permit market. The dependence of the equilibrium permit price on exogenous variables is studied in a permit market model. They test their theoretical findings with empirical data from 2005--2006 in the EU ETS. They use forward prices of both EUA07 and EUA08 as their dependent variable. Given the dominant role of energy sector in the emissions trading market, they use electricity price as a representative of the price of final good and prices of fuels as the relevant cost items. They use an econometric model with stationary time series to discover that there is a strong relationship between the fundamentals, such as German electricity price and gas and coal prices and the price of EUA. The authors find that both EUA forward prices reflect the fundamentals, especially price of electricity, clean dark and clean spark spreads, as well as the gas-coal difference.

  1. ASPECTS REGARDING LABOUR MARKET IN ROMANIA AND OTHER EUROPEAN STATES

    Directory of Open Access Journals (Sweden)

    Adrian TĂNASE

    2014-06-01

    Full Text Available This paper aims at analysing the main aspects related to the labour market. It starts by several theoretical aspects in relation with the human capital and labour market, and continues by the investigation of labour productiveness and of unemployment rate, revealing at the same time the correlation between the education level and the insertion to the labour market. Furthermore, a comparative survey is conducted regarding the efficiency of the labour market in Romania and in the other EU countries. The paper ends by forwarding a series of conclusions related to the labour market in Romania, identifying several measures meant to boost the labour market competitiveness in our country. The methods used in the present paper are the interpretative method, the structural-systemic approach, as well as the epistemological method.

  2. LABOR MARKET DEVELOPMENT UNDER ROMANIA'S INTEGRATION IN THE EUROPEAN UNION

    OpenAIRE

    NĂSTASIE MIHAELA – ANDREEA

    2014-01-01

    In all conditions of time and space, economic activity involving work objectively factor designed to exploit natural resources and monetary system in its interest. According to Adam Smith, the work is a primary factor, the original production was considered by him as the sole source of national wealth. This factor of production can be achieved through labor market that is in a competitive market economy. Transactions in this market have as their object or labor work. Employment...

  3. Population ageing and labour market in Slovenia and European Union

    OpenAIRE

    Tomaž Kofalt; Žiga Čepar

    2015-01-01

    In this paper we investigate the influence and importance of population ageing for labour market. Particularly we focus on unemployment, salaries and population education level. After reviewing some of the previous research on the influence of demographic ageing on labour market, we set three hypotheses, referring to the three above mentioned specific aspects of labour market, which were tested using multivariate regression analysis. Based on demographic and socio-economic panel data on Slove...

  4. The Role of Marketization in the Europeanization of Defense Industry Policy

    Science.gov (United States)

    Britz, Malena

    2010-01-01

    European integration has increased to encompass security-related policies. One such policy is defense industry policy, which traditionally has been a national concern rooted in defense and security policy. Efforts have been made since the 1990s to create a European defense industry market. However, there have been different ideas of how this goal…

  5. The Microstructure of the European Sovereign Bond Market

    DEFF Research Database (Denmark)

    Pelizzon, Loriana; Subrahmanyam, Marti G.; Tomio, Davide

    We explore the interaction between credit risk and liquidity, during the Euro-zone crisis, in the Italian sovereign bond market, using a unique tick-by-tick dataset, from the period June 2011-December 2012. We document a strong, dynamic relationship between changes in sovereign credit risk...... and market liquidity, conditional on the credit default swap (CDS) spread: When the CDS is above 500 basis points (bp), market liquidity adjusts more rapidly and signicantly to changes in the credit risk. Other global systemic factors also aect market liquidity, while, surprisingly, the specic credit risk...

  6. Extreme negative coexceedances in South Eastern European stock markets

    DEFF Research Database (Denmark)

    Tevdovski, Dragan

    The aim of this paper is to analyze the financial integration of the South Eastern Europe (SEE) stock markets. We use a multinomial logistic regression to analyze how persistence, asset class and volatility effects are related with negative coexceedances in SEE markets. We find evidence in favor...... of the continuation hypothesis in SEE stock markets. However, the factors associated with the coexceedances differ between the EU member countries from SEE and EU accession countries from SEE stock markets.The EU member countries are more dependent from the signals from major EU economies, while the accession...

  7. European Union energy policy integration: A case of European Commission policy entrepreneurship and increasing supranationalism

    OpenAIRE

    Maltby, Tomas

    2013-01-01

    Focusing on gas, this article explores the role of the European Commission in the process of European Union energy security policy development, and the extent to which the policy area is becoming increasingly supranational. Situating the article within the literature on agenda-setting and framing, it is argued that a policy window was opened as a result of: enlargement to include more energy import dependent states, a trend of increasing energy imports and prices, and gas supply disruptions. ...

  8. ENERGY IMPORT DEPENDENCY AND SEEKING FOR NEW ENERGY TECHNOLOGIES EUROPEAN UNION CASE

    OpenAIRE

    Özkan Nesimioglu, Serife

    2016-01-01

    In this paper, energy poverty and as a result of this energy import dependency and its possible negative results have been examined by taking European Union (EU) into consideration. This analysis has two aims: the first one is questioning the European Unions’ energy security from supply perspective and the second one is investigating the solutions produced by European Union to get away or at least to reduce its energy import dependency. To guarantee its energy supply security at affordable pr...

  9. Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges

    Energy Technology Data Exchange (ETDEWEB)

    Holt, E.; Bird, L.

    2005-01-01

    Renewable energy certificates (RECs) represent the attributes of electricity generated from renewable energy sources. These attributes are unbundled from the physical electricity, and the two products-the attributes embodied in the certificates and the commodity electricity-may be sold or traded separately. RECs are quickly becoming the currency of renewable energy markets because of their flexibility and the fact that they are not subject to the geographic and physical limitations of commodity electricity. RECs are currently used by utilities and marketers to supply renewable energy products to end-use customers as well as to demonstrate compliance with regulatory requirements, such as renewable energy mandates. The purpose of this report is to describe and analyze the emerging market for renewable energy certificates. It describes how RECs are marketed, examines RECs markets including scope and prices, and identifies and describes the key challenges facing the growth and success of RECs markets.

  10. Marketing in the liberalised energy market; Vertrieb im liberalisierten Markt

    Energy Technology Data Exchange (ETDEWEB)

    Englert, W. [systema Unternehmungsberatung fuer Informationstechnik GmbH, Mannheim (Germany)

    1999-04-01

    The emerging market deregulation sets the whole electricity industry in motion, as district demarcation and long-term contracting are over and done with after the liberalisation. This means a real shake up particularly to the marketing departments of electric power suppliers, who have to cope with entirely new conditions in the market and new demands coming up from the customers. The marketing crews of the electricity suppliers cannot cope with this challenge using old-fashioned methods and IT tools. The contribution discusses some of the tasks and the related information tools that will help to streamline marketing strategies with the market dynamics to be expected. (orig./CB) [Deutsch] In der liberalisierten Energiewirtschaft gehoeren gesicherte Versorgungsvertraege der Vergangenheit an. Kein Wunder also, dass kein Bereich in den deutschen Energieversorgungsunternehmen derzeit so im Dauerstress ist wie der Vertrieb. Den neuen Anforderungen der Kunden und des Marktes kann mit den herkoemmlichen Methoden und Informationen nicht mehr entsprochen werden. So wie sich der Markt dynamisch veraendert, muss sich auch der Vertrieb der Energieversorgungsunternehmen veraendern. (orig.)

  11. Absence of a market in the Dutch balancing mechanism: European rules versus specific investments

    NARCIS (Netherlands)

    Niesten, E.M.M.I.; Jolink, A.

    2013-01-01

    The European directives for the electricity industry prescribe the creation of a market for balancing electricity supply and demand. In this paper, we demonstrate that a market for balancing has not emerged in the Dutch electricity industry, and that, instead, the balancing transactions are

  12. Finding uncontested markets for European Fruit and Vegetables through applying the Blue Ocean Strategy

    NARCIS (Netherlands)

    Wubben, E.F.M.; Düsseldorf, S.; Batterink, M.H.

    2012-01-01

    Purpose – The purpose of this paper is to discover an uncontested market space in the European fruit and vegetables industry (EFVI), and thereby assess the ex-ante applicability of the Blue Ocean Strategy of Kim and Mauborgne. Design/methodology/approach – The search for an untapped market space

  13. Competition in the European aviation market: the entry of low-cost airlines

    NARCIS (Netherlands)

    Alderighi, M.; Cento, A.; Nijkamp, P.; Rietveld, P.

    2012-01-01

    This paper investigates the price-setting behavior of full-service airlines in the European passenger aviation market. We develop a model of airline competition, which accommodates various market structures, some of which include low-cost players. Using data on published airfares of Lufthansa,

  14. Liberalisation versus national protectionism: the European liberalised postal market: finalisation by whom?

    NARCIS (Netherlands)

    Versteegh, L.

    2010-01-01

    The new European Postal Directive of 2008 provides the postal market with new opportunities as it allows for the gradual development of competition of services of general interests in Europe. However, the directive leaves room for uncertainties and the full opening of the postal market is hampered

  15. Time-varying long term memory in the European Union stock markets

    Science.gov (United States)

    Sensoy, Ahmet; Tabak, Benjamin M.

    2015-10-01

    This paper proposes a new efficiency index to model time-varying inefficiency in stock markets. We focus on European stock markets and show that they have different degrees of time-varying efficiency. We observe that the 2008 global financial crisis has an adverse effect on almost all EU stock markets. However, the Eurozone sovereign debt crisis has a significant adverse effect only on the markets in France, Spain and Greece. For the late members, joining EU does not have a uniform effect on stock market efficiency. Our results have important implications for policy makers, investors, risk managers and academics.

  16. Increasing nuclear power at liberalised energy markets- case Finland

    Science.gov (United States)

    Syri, S.; Kurki-Suonio, T.; Satka, V.

    2012-10-01

    Several Finnish projections for future electricity demand and the need for peak load capacity indicate a demand growth of about 2 GW from the present to the year 2030. The retirement of existing fossil fuel plants and old nuclear power plants will cause increased net import needs during 2020's, even when assuming additional energy efficiency measures and the commissioning of two new nuclear power plants recently approved by the Finnish Parliament. By the year 2030, the need for additional new capacity will be about 6 GW. The increased dependence on import is in contradiction with the official Government targets. This situation is not unique to Finland, but rather is likely to be the case in many other European countries as well. Both the energy company Fortum and energy-intensive industry in Finland see nuclear energy as a viable future generation technology. We describe the « Mankala » concept which is successfully used to build new nuclear capacity at liberalised electricity market in Finland.

  17. Renewable energies and European landscapes lessons from Southern European cases

    CERN Document Server

    Frolova, Marina; Nadaï, Alain

    2015-01-01

    This book provides timely, multidisciplinary cross-national comparison of the institutional and social processes through which renewable energy landscapes have emerged in Southern Europe. On the basis of case studies in these countries, it analyzes the way in which and the extent to which the development of renewable energies has affected landscape forms and whether or not it has contributed to a reformulation of landscape practices and values in these countries. Landscape is conceived broadly, as a material, social, political and historical process embedded into the local realm, going beyond

  18. Efficiency of Electricity Utilisation in Households in the Context of European Energy Policy

    Directory of Open Access Journals (Sweden)

    Marek Kott

    2015-12-01

    Full Text Available Efficient use of electricity in every sector of a national economy is becoming increasingly significant. Energy efficiency concerns climate and energy policy, but it is also a significant factor influencing manufacturing costs for enterprises (and thus their profits, as well as socio-economic development. Irrational energy consumption leads to excessive consumption of primary energy sources, problems attributable to environment pollution, and limited competitiveness of national companies in global markets. For an individual consumer, energy efficiency is one of the key methods of reducing the share of electricity costs in the household budget. In recent years, the European Commission has made a lot of effort aimed at reducing electricity consumption in households, by promoting energy-saving lighting, subsidising renewable microgeneration systems, enforcing labelling appliances for their energy consumption and liberalisation of the electricity market, among other things. This paper presents the results of a comparative study on electricity consumption in Polish households in reference to selected European Union member states, in the context of European energy policy.

  19. Consumers` Attitude towards Consumer Protection in the Digital Single Market, as Reflected by European Barometers

    Directory of Open Access Journals (Sweden)

    Doru Alexandru Pleşea

    2014-05-01

    Full Text Available The European Single Market is an ongoing project that will continue to further develop and adapt to changing realities. Traditional economic activities, and the administrative rules governing them, face the challenge of adapting to developments that blur the dividing lines, for example, between shop and online sales or between traditional media and Internet communication. Convergence of this type will lead to a European Digital Single Market. A genuine Digital Single Market would generate new types of growth and also sustainable economic and social benefits for all European citizens. There are still a number of barriers which impose obstacles for the development of the digital market in Europe. Obstacles which can be identified include national differences regarding data protection rules, e-commerce rules, consumer protection rules and other legislation pertaining to information flows. The paper brings in discussion the advantages of a Digital Single Market, the obstacles in developing it in connection with e-commerce regulations, consumer protection and information flows legislation and also the premises for implementing a Digital Single Market. Consumers’ trust in on-line commerce results as one of the driving factors in implementing a Digital Single Market. These are some of the main obstacles for the boosting consumers’ confidence in the European Single Market. Improving consumer confidence in cross-border shopping online by taking appropriate policy action could provide a major boost to economic growth in Europe. Empowered and confident consumers can drive forward the European economy. Starting from the results of the Flash Euro-barometer survey „Consumer attitudes towards cross-border trade and consumer protection this study analyzes consumer`s readiness for the European Digital Single Market

  20. Historical study regarding the protection of consumers within the electric energy and natural gas markets

    Directory of Open Access Journals (Sweden)

    Ramona Pîrvu

    2013-06-01

    Full Text Available The supply of electric energy and natural gas is a service of general interest, with a vital importance in satisfying the consumer’s basic needs. The conducted research is descriptive and its main focus is on the study of the field literature, aiming at aspects such as identifying the historic evolution of the electric energy and natural gas markets in Romania, the behaviour of companies operating on these markets and their impact on the consumers’ rights. The research methodology has been established starting from a synthetic analysis of the most recent published studies on the observation of the European policy in the energy field and EU’s efforts to build up a single, competitive market, including two sectors that not long ago were dominated by monopolistic national actors: electric energy and gas. The research methods imply study monitoring and reports as well as forecast analyses regarding the capacity of the Three Energy Packages, once implemented, to support the creation of competitive, transparent and uniformly regulated energy markets within the EU countries, in order to ensure the protection of the consumers of these general interest services. The research has a dual approach, combining quantitative and qualitative elements as well as conducting the analysis of the correlations between the efforts and effects registered in the field of consumer protection. The first section of the article offers conceptual clarifications regarding both the European policy in the energy field and the consumers of general economic services. The second section gives an insight into the energy and gas markets in Romania as well as the main obstacles in the way of their liberalization. The third section presents the efforts made with respect to consumer protection in the field of energy, analyzing the European Directives’ fundamental ideas regarding the protection of consumers and the phase of their embedment into our legislation in order to achieve

  1. LABOR MARKET DEVELOPMENT UNDER ROMANIA'S INTEGRATION IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    NĂSTASIE MIHAELA – ANDREEA

    2014-10-01

    Full Text Available In all conditions of time and space, economic activity involving work objectively factor designed to exploit natural resources and monetary system in its interest. According to Adam Smith, the work is a primary factor, the original production was considered by him as the sole source of national wealth. This factor of production can be achieved through labor market that is in a competitive market economy. Transactions in this market have as their object or labor work. Employment policy work focus on boosting production and the flexibility of labor market through an easy tax for economic entities to make hiring, increasing the occupancy of the active population. In Romania, the pressures exerted on the labor market increasingly higher while the economy is subject to extensive qualitative transformations concerning privatization, restructuring and upgrading.

  2. An overview on the supply chain for European organic food market

    Directory of Open Access Journals (Sweden)

    DOVLEAC Lavinia

    2017-01-01

    Full Text Available European organic food market is very dynamic both due to the consumers’ preferences and requests and due to the supply chain members who focus more and more on satisfying the market needs. Organic food has emerged as an important segment of food retailing in recent years. The supply chain management for organic food was first based on the conventional methods, but the products’ particular characteristics determined some specific changes. This paper aims to evaluate the supply chain challenges on the European and Romanian organic food market, trying to offer some solutions for the sector’ sustainable development.

  3. Economic and financial integration in emerging markets: A European policy

    Directory of Open Access Journals (Sweden)

    Theodoropoulos Theodore E.

    2005-01-01

    Full Text Available This paper extends to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of "emerging markets". This work finds signs that, contrary to other emerging markets, this does not happen: for the future member states financial integration, similarly to the outcome observed in mature market economies, reduces cyclical volatility both in the short and in the long run. Weak indications are found that this may happen partially due to the anchoring of expectations provided by the EU Accession, and to the more robust institutional framework imposed by this process onto the countries in question.

  4. Essays on Environmental Policy in Energy Markets

    Science.gov (United States)

    Boomhower, Judson Paul

    Producing and consuming energy involves costly environmental externalities, which are addressed through a wide range of public policy interventions. This dissertation examines three economic questions that are important to environmental regulation in energy. The first chapter measures the effect of bankruptcy protection on industry structure and environmental outcomes in oil and gas extraction. The second chapter measures additionality in an appliance replacement rebate program. Finally, the third chapter focuses on the environmental impacts of subsidizing electricity production from forest-derived biomass fuels. The first chapter measures the incentive effect of limited liability. When liability is limited by bankruptcy, theory says that firms will take excessive environmental and public health risks. In the long run, this "judgment-proof problem'' may increase the share of small producers, even when there are economies of scale. I use quasi-experimental variation in liability exposure to measure the effects of bankruptcy protection on industry structure and environmental outcomes in oil and gas extraction. Using firm-level data on the universe of Texas oil and gas producers, I examine the introduction of an insurance mandate that reduced firms' ability to avoid liability through bankruptcy. The policy was introduced via a quasi-randomized rollout, which allows me to cleanly identify its effects on industry structure. The insurance requirement pushed about 6% of producers out of the market immediately. The exiting firms were primarily small and were more likely to have poor environmental records. Among firms that remained in business, the bond requirement reduced oil production among the smallest 80% of firms by about 4% on average, which is consistent with increased internalization of environmental costs. Production by the largest 20% of firms, which account for the majority of total production, was unaffected. Finally, environmental outcomes, including those

  5. U.S. subprime financial crisis contagion on BRIC and European Union stock markets

    Directory of Open Access Journals (Sweden)

    Daniel Reed Bergmann

    2015-06-01

    Full Text Available ABSTRACT The Copula Theory was used to analyze contagion among the BRIC (Brazil, Russia, India and China and European Union stock markets with the U.S. Equity Market. The market indexes used for the period between January 01, 2005 and February 27, 2010 are: MXBRIC (BRIC, MXEU (European Union and MXUS (United States. This article evaluated the adequacy of the main copulas found in the financial literature using log-likelihood, Akaike information and Bayesian information criteria. This article provides a groundbreaking study in the area of contagion due to the use of conditional copulas, allowing to calculate the correlation increase between indexes with non-parametric approach. The conditional Symmetrized Joe-Clayton copula was the one that fitted better to the considered pairs of returns. Results indicate evidence of contagion effect in both markets, European Union and BRIC members, with a 5% significance level. Furthermore, there is also evidence that the contagion of U.S. financial crisis was more pronounced in the European Union than in the BRIC markets, with a 5% significance level. Therefore, stock portfolios formed by equities from the BRIC countries were able to offer greater protection during the subprime crisis. The results are aligned with recent papers that present an increase in correlation between stock markets, especially in bear markets.

  6. The European Market for Animal-Friendly Products in a Societal Context

    Science.gov (United States)

    Ingenbleek, Paul T. M.; Harvey, David; Ilieski, Vlatko; Immink, Victor M.; de Roest, Kees; Schmid, Otto

    2013-01-01

    Simple Summary This article takes a future focus on the direction in which social forces develop the market for animal-friendly products in Europe. Although many stakeholders believe that the market is the most viable direction to improve farm animal welfare, economic productivity of the chain remains an issue that on a fundamental level conflicts with the objective to improve animal welfare. The European market for animal-friendly products is still largely fragmented and the differences between European countries are considerable. A more animal-friendly future that is achieved through the market will therefore need substantial policy attention from stakeholders in society. Abstract This article takes a future focus on the direction in which social forces develop the market for animal-friendly products in Europe. On the basis of qualitative data gathered in the context of the European EconWelfare project, the differences across eight European countries are studied. The findings suggest that, given international trade barriers that prevent an improvement of animal welfare through legislation, many stakeholders believe that the market is the most viable direction to improve farm animal welfare. Economic productivity of the chain remains, however, an issue that on a fundamental level conflicts with the objective to improve animal welfare. With the help of a deeper conceptual understanding of willingness to pay for animal welfare, the paper finds that the European market for animal-friendly products is still largely fragmented and that the differences between European countries are considerable. A more animal-friendly future that is achieved through the market will therefore need substantial policy attention from stakeholders in society. PMID:26479535

  7. 75 FR 6378 - Covanta Pylmouth Renewable Energy Limited Partnership Covanta Energy Marketing LLC Covanta Power...

    Science.gov (United States)

    2010-02-09

    ... Marketing LLC Covanta Power, LLC; Notice of Filing February 2, 2010. Take notice that, on February 1, 2010, Covanta Pylmouth Renewable Energy Limited Partnership, Covanta Energy Marketing LLC, and Covanta Power...

  8. Strategic marketing types: Evidence from the European meat processing industry

    DEFF Research Database (Denmark)

    Strandskov, Jesper; Hundahl, Lone; Laursen, Christina

    marketing strategies, (2) places these clusters in a strategic typology in order to better understand their position in the marketplace, and (3) analyses these strategic marketing types in terms of performance outcomes and differences in corporate attitudes and goals. 3. The meat processing sector in Europe......Executive summary 1. The discovery of a small number of generic strategies or competitive positions that would work equally well across product-markets, businesses and industries, would be an extremely important finding for business practicians. In particular the question of whether or why...... of specialisation, vertical integration, international orientation, relationship with the retail sector etc. 4. Based on related literature, two main hypotheses1 are formulated regarding the relationship between strategic marketing types on the one hand and performance and corporate attitudes on the other hand...

  9. Investing in European market real property through reits

    National Research Council Canada - National Science Library

    Adamuscin, A

    2010-01-01

    .... The success of Real Estate Investment Trusts (REITs) in the U.S. also opened the door for investing in this market for small investors, which is the reason for the development of this type of investment...

  10. Unified Dispatch of Energy and Reserves in Electricity Markets

    Directory of Open Access Journals (Sweden)

    G. Gutiérrez–Alcaraz

    2009-10-01

    Full Text Available Ancillary services costs were included within the energy price in the first electricity market models. In a decentralized electricity market, it is conceive to have a separate market for energy and each one of the Ancillary Services. However, when the problem is solved jointly it seems to be a better alternative to optimize resources. This paper presents a unified formulation for solving the economic dispatch and reserve scheduling problems in electricity markets, in order to investigate the global efficiency of energy and reserve markets. The formulation allows generation and distribution companies to offer in the market reserve services. Concluding remarks are offered about the results obtained, which proves in a detailed way that these operated–simultaneously–markets provides more economical benefits for generation or distribution companies.

  11. Sustainable energy catalogue - for European decision-makers. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Gram, S.; Jacobsen, Soeren

    2006-10-15

    The Green paper - A European Strategy for Sustainable, Competitive and Secure Energy, 2006 states that Europe has a rising dependency on imported energy reserves, which are concentrated in a few countries. The Rising gas and oil prices along with demands on lower emissions of CO2 adds pressure on the need for a new energy future for Europe. EU has since 1990 planned to become world leader in the renewable energy field. Therefore the EU member states have agreed that by 2010 21% of the consumed electricity and 5,75% of the consumed gasoline and diesel should originate from renewable energy sources. If the EU countries are to reach their goals, a commitment on several levels to develop and install energy from sustainable energy sources is needed. The purpose of this catalogue is to offer planners and decision-makers in EU states an inspirational tool to be used during local or regional transition towards sustainable energy technologies. The catalogue can also be used by everyone else who needs an overview of the sustainable energy technologies and their current development level and future potential, among others educational use is relevant. The catalogue provides an introduction to the following technologies that are already or are estimated to become central to a development with renewable energy in EU: Technologies for wind energy, wave energy, geothermal energy, bioenergy, solar energy, hydropower and fuel cells. The catalogue also includes a section about energy systems, which also includes a part about technologies for efficient use of energy. The catalogue could have included a few other technologies as e.g. heating pumps, but due to the size of the catalogue a priority was necessary. The catalogue does not claim to give all answers or to be complete regarding all details about the individual technologies; even so it offers information, which cannot easily be looked up on the Internet. In the back of the catalogue, under 'References and links' there

  12. Policies and practices for an energy efficient European housing stock

    NARCIS (Netherlands)

    Visscher, H.J.

    2015-01-01

    The housing stock has a major energy saving potential and is mostly considered to be the sector in which energy efficiency most cost effectively could be achieved. 30% of all energy use is consumed in the housing stock. The European union has formulated targets for a reduction of CO2 emissions to be

  13. Does the market share of generic medicines influence the price level?: a European analysis.

    Science.gov (United States)

    Dylst, Pieter; Simoens, Steven

    2011-10-01

    After the expiry of patents for originator medicines, generic medicines can enter the market, and price competition may occur. This process generates savings to the healthcare payer and to patients, but knowledge about the factors affecting price competition in the pharmaceutical market following patent expiry is still limited. This study aimed to investigate the relationship between the market share of generic medicines and the change of the medicine price level in European off-patent markets. Data on medicine volumes and values for 35 active substances were purchased from IMS Health. Ex-manufacturer prices were used, and the analysis was limited to medicines in immediate-release, oral, solid dosage forms. Countries included were Austria, Belgium, Denmark, Germany, France, Italy, the Netherlands, Spain, Sweden and the UK, which constitute a mix of countries with low and high generic medicines market shares. Data were available from June 2002 until March 2007. Market volume has risen in both high and low generic market share countries (+29.27% and +27.40%, respectively), but the cause of the rise is different for the two markets. In low generic market share countries, the rise was caused by the increased use of generic medicines, while in high market share countries, the rise was driven by the increased use of generic medicines and a shift of use from originator to generic medicines. Market value was substantially decreased in high generic market share countries (-26.6%), while the decrease in low generic market share countries was limited (-0.06%). In high generic market share countries, medicine prices dropped by -43.18% versus -21.56% in low market share countries. The extent to which price competition from generic medicines leads to price reductions appears to vary according to the market share of generic medicines. High generic market share countries have seen a larger decrease in medicine prices than low market share countries.

  14. 75 FR 12737 - Applications To Export Electric Energy; Noble Energy Marketing and Trade Corp.

    Science.gov (United States)

    2010-03-17

    ... Applications To Export Electric Energy; Noble Energy Marketing and Trade Corp. AGENCY: Office of Electricity... applications, Noble Energy Marketing and Trade Corp. (NEMT) has applied for authority to transmit electric... Marketing and Trade Corp., 333 Ludlow Street, Suite 1230, Stamford, CT 06902. A final decision will be made...

  15. What is the optimum social marketing mix to market energy conservation behaviour: an empirical study.

    Science.gov (United States)

    Sheau-Ting, Low; Mohammed, Abdul Hakim; Weng-Wai, Choong

    2013-12-15

    This study attempts to identify the optimum social marketing mix for marketing energy conservation behaviour to students in Malaysian universities. A total of 2000 students from 5 major Malaysian universities were invited to provide their preferred social marketing mix. A choice-based conjoint analysis identified a mix of five social marketing attributes to promote energy conservation behaviour; the mix is comprised of the attributes of Product, Price, Place, Promotion, and Post-purchase Maintenance. Each attribute of the mix is associated with a list of strategies. The Product and Post-purchase Maintenance attributes were identified by students as the highest priority attributes in the social marketing mix for energy conservation behaviour marketing, with shares of 27.12% and 27.02%, respectively. The least preferred attribute in the mix is Promotion, with a share of 11.59%. This study proposes an optimal social marketing mix to university management when making decisions about marketing energy conservation behaviour to students, who are the primary energy consumers in the campus. Additionally, this study will assist university management to efficiently allocate scarce resources in fulfilling its social responsibility and to overcome marketing shortcomings by selecting the right marketing mix. Copyright © 2013 Elsevier Ltd. All rights reserved.

  16. Renewable energy sources offering flexibility through electricity markets

    DEFF Research Database (Denmark)

    Soares, Tiago

    All over the world, penetration of renewable energy sources in power systems has been increasing, creating new challenges in electricity markets and for operation and management of power systems, since power production from these resources is by nature uncertain and variable. New methods and tools...... in the day-ahead market and to correct for potential energy imbalances in the intraday market and ultimately in the balancing market. However, the design and rules of electricity markets do not support the transition from conventional generation to renewable energy sources as recently sought by many...... governments. Renewable energy sources are characterized by their uncertain and variable production that limits the current operation and management tools of the power system. Nevertheless, recent developments of renewable energy technologies enable these resources to provide, to some extent, ancillary...

  17. On the economic analysis of problems in energy efficiency: Market barriers, market failures, and policy implications

    Energy Technology Data Exchange (ETDEWEB)

    Sanstad, A.H.; Koomey, J.G.; Levine, M.D.

    1993-01-01

    In his recent paper in The Energy Journal, Ronald Sutherland argues that several so-called market barriers'' to energy efficiency frequently cited in the literature are not market failures in the conventional sense and are thus irrelevant for energy policy. We argue that Sutherland has inadequately analyzed the idea of market barrier and misrepresented the policy implications of microeconomics. We find that economic theory, correctly interpreted, does not provide for the categorical dismissal of market barriers. We explore important methodological issues underlying the debate over market barriers, and discuss the importance of reconciling the findings of non-economic social sciences with the economic analysis of energy demand and consumer decision-making. We also scrutinize Sutherland's attempt to apply finance theory to rationalize high implicit discount rates observed in energy-related choices, and find this use of finance theory to be inappropriate.

  18. On the economic analysis of problems in energy efficiency: Market barriers, market failures, and policy implications

    Energy Technology Data Exchange (ETDEWEB)

    Sanstad, A.H.; Koomey, J.G.; Levine, M.D.

    1993-01-01

    In his recent paper in The Energy Journal, Ronald Sutherland argues that several so-called ``market barriers`` to energy efficiency frequently cited in the literature are not market failures in the conventional sense and are thus irrelevant for energy policy. We argue that Sutherland has inadequately analyzed the idea of market barrier and misrepresented the policy implications of microeconomics. We find that economic theory, correctly interpreted, does not provide for the categorical dismissal of market barriers. We explore important methodological issues underlying the debate over market barriers, and discuss the importance of reconciling the findings of non-economic social sciences with the economic analysis of energy demand and consumer decision-making. We also scrutinize Sutherland`s attempt to apply finance theory to rationalize high implicit discount rates observed in energy-related choices, and find this use of finance theory to be inappropriate.

  19. Analysis of the market for bio energy - locally and internationally. Final report

    Energy Technology Data Exchange (ETDEWEB)

    2010-09-15

    This report aims to describe the market potential for biogas and biomass heat and power applications, and to assess the opportunities and barriers for development of such biomass markets locally and internationally. The project has been commissioned by ENERCOAST whose overall aim is to create a market for bio energy in the North Sea area. The project uses Denmark, Central Denmark Region, and three Danish municipalities (Randers, Norddjurs, and Syddjurs) to illustrate the challenges related to developing a more substantial market for bio energy trade. A parallel study also commissioned by ENERCOAST and carried out by Ea Energy Analyses assessed the sustainability of relevant biomass supply chains related to the resource accessibility in the three municipalities. The primary focus was on biogas, straw, wood residues, and energy crops for combined heat and power production and the results were presented in a report released in July of 2010 entitled 'SSCM Analysis of the Bioenergy Resources in Randers, Norddjurs and Syddjurs' (Ea Energy Analyses, 2010). The data basis for both studies is very similar, and as such the current report incorporates and builds upon many of the SSCM reports findings. The present report describes the market structures and price developments of the aforementioned biomass resources. The market structures and trade conditions are described on a local (the 3 municipalities), national (Denmark) and regional/international (European/global) level. (LN)

  20. Shareholder Lockup Agreements in the European New Markets

    NARCIS (Netherlands)

    Goergen, M.; Renneboog, L.D.R.; Khurshed, A.

    2004-01-01

    We analyse the characteristics of lockup agreements of IPOs on the Neuer Markt and the Nouveau Marche from 1996 to 2000.Even though both markets were part of the same EuroNM network, the characteristics of their lockup agreements are substantially different.Firm characteristics have a major

  1. A European Glass-Steagall to preserve the single market

    OpenAIRE

    Lannoo, Karel

    2014-01-01

    In his assessment of the EU proposal on banking structural reform, unveiled on January 29th, Karel Lannoo observes that the Commission must perform a delicate balancing act between preserving the single market and at the same time accommodating existing EU measures covering resolution and trading activities.

  2. A single European pharmaceutical market: Does maximum harmonization enhance medicinal product innovation?

    DEFF Research Database (Denmark)

    Faeh, Andrea Beata

    2013-01-01

    – Innovation Union’ – market fragmentation to be one of the major causes of the lack of innovation. In order to establish if maximum harmonization benefits innovation, two distinct legal regimes in the pharmaceutical sector will be compared. The general rules for medicinal products are weighed against......The pharmaceutical sector in the European Union is innovative, but not innovative enough to compete on the world market. This article addresses this issue from the perspective of market harmonization, since the European Commission perceives – according to the ‘European 2020 Flagship Initiative...... the orphan medicinal products scheme. The latter is subject to uniform Union rules specifically introduced to stimulate research and development and has led to the development of a number of new products. The article shows that the most radical positive integration depends to a large extent on the prospect...

  3. More efficient policy of energy and regional electricity supply by the directive 96/92/EC of the European Parliament and of the Council of 10 december 1996 concerning common rules for the internal market in electricity; Effizientere Energiepolitik und regionale Elektrizitaetsversorgung durch die EU-Elektrizitaetsrichtlinie 1996. Politikfeldanalyse der europaeischen, deutschen und bayerischen Energiepolitik und Elektrizitaetswirtschaft im Zusammenhang mit der Entstehung und Umsetzung der EU-Richtlinie 96 sowie der Veraenderung der Effizienz in der traditionellen Elektrizitaetsversorgung unter supranationalem EU-Einfluss

    Energy Technology Data Exchange (ETDEWEB)

    Furtner, Franz

    2006-07-01

    The German energy policy and its main addressees, the regional electricity companies (EVU), are going through a critical phase at the beginning of the 21st century. The increasing complexity and inconsistency of energy issues have, in Germany and in other countries, led to decisions which again have produced extensive, but not yet foreseeable developments, as, for example, the liberalisation of the electricity and gas market within the European Union. The first objective of this paper is an empirical analysis of the regional electricity supply industry in Germany and particularly in Bavaria in so far as it is relevant for energy politics, as well as an introduction to the German energy policy up to approximately the time when the Directive 96/92/EC of the European Parliament and the Council of 19 December 1996 concerning common rules for the internal market in electricity, was passed. Moreover, findings for the definition of energy efficiency in electricity supply and of the policy analysis are outlined. The second objective of this paper is the analysis and evaluation of the European Union energy policy, in particular of the Directive 96/92/EC, its formation and how it has been put into action by the German and Bavarian electricity supply industry. Energy efficiency of the electricity supply serves as a yardstick, the research method employed is the policy analysis. The main part of this paper, by comparing objectives to effects and by evaluating interviews with energy experts, examines the questions if, in what ways and to what extent the Directive 96/92/EC has led to an increase of energy efficiency in the narrow as well as in the boarder sense, within the EU, Germany and Bavaria. Additionally, three hypotheses are tested: firstly the significance of energy efficiency (in the narrow sense), secondly the alignment of European energy supply, and thirdly the importance of supranational control through EU politics. The results are presented in tabular form, and the

  4. Solar Renewable Energy Certificate (SREC) Markets: Status and Trends

    Energy Technology Data Exchange (ETDEWEB)

    Bird, L.; Heeter, J.; Kreycik, C.

    2011-11-01

    This paper examines experience in solar renewable energy certificate (SREC) markets in the United States. It describes how SREC markets function--key policy design provisions, eligible technologies, state and regional eligibility rules, solar alternative compliance payments, measurement and verification methods, long-term contracting provisions, and rate caps. It also examines the trends of SREC markets--trading volumes, sourcing trends, trends in the size of solar photovoltaic (PV) systems driven by these markets, and trends in price and compliance. Throughout, the paper explores key issues and challenges facing SREC markets and attempts by policymakers to address some of these market barriers. Data and information presented in this report are derived from SREC tracking systems, brokers and auctions, published reports, and information gleaned from market participants and interviews with state regulators responsible for SREC market implementation. The last section summarizes key findings.

  5. Fostering renewable energy markets in North America

    Energy Technology Data Exchange (ETDEWEB)

    Brown, Jeremy [North American Comission for Environmental Cooperation (CEC), (United States)

    2007-06-15

    This presentation describes projects, programs and other issues addressed in order to promote renewable energy markets in North America. These are carried out by the North American Commission for Environmental Cooperation (CEC). In the first part of this presentation, there are going to be found some of the rules imposed by the North American Agreement on Environmental Cooperation (NAAEC). Then, it is shown the structure of the CEC as well as its programs, besides, there are presented the environment projects and the objectives along with their respective trades. There are described both benefits environmental and non-environmental. Also, there are shown the issues which the CEC is working in. And finally, it is shown a list mentioning the aspects that would change if: the expansion of the Mexico's Federal Commission of Electricity (CFE), happens, the grid-interconnected and the self supply of Renewable Electricity increase. [Spanish] En esta presentacion se describen los proyectos, los programas y otras cuestiones, cuyo objetivo es impulsar los mercados de energia renovable en America del Norte, realizadas por la North American Commission for Environmental Cooperation. En la primera parte, se encuentran algunas de las reglas impuestas por el Acuerdo de Cooperacion Ambiental de America del Norte (ACAAN). Enseguida, se muestra la estructura y los programas de la Comision para la Cooperacion Ambiental (CCA). Asimismo, se describen los proyectos ambientales, los objetivos junto con sus correspondientes tratados. Mas adelante, se explican tanto los beneficios ambientales como aquellos que no lo son. Igualmente, explican las cuestiones que podrian cambiar de: suceder la expansion de la Comision Federal de Electricidad (CFE), incrementarse el auto- suministro de la energia renovable y los sistemas interconectados.

  6. Changing market for renewable energy in New England

    Energy Technology Data Exchange (ETDEWEB)

    Jacobs, M. [Second Wind Inc., Austin, TX (United States)

    1997-12-31

    The author discusses the rapidly changing power market in New England in the face of deregulation of the electric power industry. Utilities are moving to sell their generation assets, and the new players in the market are striving to present themselves as active in a green market. But there is little knowledge about renewable energy sources on the part of the new marketers, and little capacity available, while there does appear to be customer demand. Legislative action seems to be putting in place policies making renewable energy a more attractive option. The author looks at the disparity between demand and availability at this time.

  7. Cashflow news, the value premium and an asset pricing view on European stock market integration

    OpenAIRE

    Thomas Nitschka

    2007-01-01

    The decomposition of national CAPM market betas of European countries� value and growth portfolio returns into cashflow and discount rate news driven components reveals that i) high average returns on value portfolios are associated with disproportionately high sensitivity to national cashflow news which corroborates recent evidence for the U.S. and ii) two-beta variants of national CAPMs capture the cross-sectional dispersion in European stock returns. The latter finding is suggestive of r...

  8. Challenges of the European Union Social Market Economy in the Human Resource Management Paradigm

    OpenAIRE

    Liudmila Lobanova

    2014-01-01

    Peculiarities of European human resource management models are determined by the specifics of EU integration, development and enlargement processes that are centred on implementation of the social model in the development of the social market economy in the European continent under conditions of intensified cohesion processes. The article reveals the impact of the changing environmen and factors determining the transformation of human resource management models on historic evolution of approc...

  9. Brexit and the European financial system: mapping markets, players and jobs

    OpenAIRE

    Schoenmaker, Dirk; Uuriintuya, B. (Batsaikhan); Kalcik, R. (Robert)

    2017-01-01

    London is an international financial centre, serving European and global clients. A hard Brexit would lead to a partial migration of financial firms from London to the EU27 (EU minus UK) to ensure they can continue to serve their EU27 clients. Four major cities will host most of the new EU27 wholesale markets - Frankfurt, Paris, Dublin and Amsterdam. These cities have far fewer people employed in finance than London. Moreover, they host the European headquarters of fewer large companies. The ...

  10. Can Unconventional Gas be a Game Changer in European Gas Markets?

    OpenAIRE

    2010-01-01

    Although unconventional gas development will not be a game changer for European gas markets overall it could have a significant impact in individual countries although probably not this decade. Florence Gény’s study argues that much more stringent European environmental standards difficulties of access to land and fresh water and lack of incentives for landowners to allow companies to drill will require a completely different business model for unconventional gas development in Europe compare...

  11. Market status of organic products in the countries of the European Union

    Directory of Open Access Journals (Sweden)

    Tananeva Zhivka

    2010-01-01

    Full Text Available Organic production of foods is strictly regulated industry, which is different from the private market-gardening. The organic foods make up 1-2% of global food selling. The European Union and Bulgarian government nowadays encourage the transition to the organic farming and they grant resources to the farmers and food producers, which turn to it. Presently, 90 % of the organic food produced in Bulgaria is exported to richer European states. Bulgarian organic food is basically fruits: nuts, herbs and spices, as organic plant oils, tobacco, vegetables. There is lamb and veal on the market, as organic jam and honey. .

  12. Congestion management in the European electricity market; Engpassmanagement im Europaeischen Strommarkt

    Energy Technology Data Exchange (ETDEWEB)

    Dieckmann, Birgit

    2008-11-24

    The author of the contribution under consideration reports on an assessment of methods of congestion management employed in Europe with respect to their effectiveness and identify possible reasons for the misallocation of cross-border transmission capacity. For this, generation structures of European countries and the resulting prices and load flows are analysed. Different power plants and bottlenecks in the transmission network currently cause structural price differences due to a low degree of integration of European electricity markets. By means of congestion management, the formation of a uniform electricity market will be created.

  13. Differences between health care systems and the single European health care market

    Directory of Open Access Journals (Sweden)

    Petra Došenovič Bonča

    2007-12-01

    Full Text Available The following paper analyses the possibilities of forming a single European health care market. This aim is achieved by studying the impact of the differing organisational features of individual European health care systems on the efficiency of health care provision, by examining the relationship between the inputs used to produce health care services and the population’s health status in the analysedcountries and by exploring the link between the quantity of health care services and the health status. The authors hypothesise that the efficiency and organisation of health care systems determine the possibilities of forming an efficient single European health care market. The empirical methodology employed in this paper isdata envelopment analysis (DEA. The results show that differences between health care systems and in the ownership types of health care providers are not so large as to prevent the formation of a single European health care market. However, the formation of a single European health care market would reveal the characteristicsof health care systems in such a way that citizens would be in favour of the public sector in health care and the national health service model.

  14. Market potential and market hindrances for thermal solar energy; Marktpotentiale und Markthindernisse fuer die thermische Solarenergie

    Energy Technology Data Exchange (ETDEWEB)

    Gerheuser, F. W.

    2002-10-15

    This comprehensive report for the Swiss Federal Office of Energy (SFOE) discusses the market potential and market hindrances for thermal solar energy systems. The author notes that solar systems for heating domestic hot water have a considerable market potential, especially for single-family homes. Such installations are discussed in detail, whereby not only technicalities but also market image and the latent potential for such systems are discussed. The results of surveys made are presented and discussed. The lower potential for installations on apartment blocks is also mentioned.

  15. 2008 Federal Energy Management Program (FEMP) Market Report

    Energy Technology Data Exchange (ETDEWEB)

    Tremper, C.

    2009-07-01

    This report assesses the market for Federal Energy Management Program (FEMP) services as it existed in FY 2008. It discusses Federal energy management goal progress in FY 2008, and examines the environment in which agencies implemented energy management projects over the last three years. The report also discusses some recent events that will increase the market for FEMP services, and outlines FEMP's major strategies to address these changes in FY 2009 and beyond.

  16. Energy independence versus world market; Independance energetique versus marche mondial

    Energy Technology Data Exchange (ETDEWEB)

    Noel, P

    2003-07-01

    The geo-policy is the unity of the rules and political actions coming from taking into account the problem of the national energy demands facing the world energy market. The aim of this paper is to show that these actions are confronted to two paradigms of public policy. One is the research of the energy policy, the other is the effort of building and safety of the world market. (A.L.B.)

  17. Dependence between Croatian and European stock markets – A copula GARCH approach

    Directory of Open Access Journals (Sweden)

    Silvo Dajčman

    2013-12-01

    Full Text Available The objective of this paper is to analyze dependence structure between the returns of Croatian and five European stock markets (Austrian, French, German, Italian, and the U.K.'s. We propose a copula GARCH approach, where the return series are modeled as univariate GARCH processes and the dependence structure between the return series is defined by a copula function. Four different copulas are fitted - a constant and conditional normal and symmetric Joe-Clayton (SJC copulas - and estimated by a semi-parametric method. We found that the time-varying normal copula yields the best fit for CROBEX-CAC40, CROBEX-DAX, and CROBEX-FTSE-MIB stock indices pairs, while the time-varying SJC copula is the best fit for CROBEX-ATX and CROBEX-FTSE100. Further, we found that the probability of simultaneous extreme positive and negative returns in Croatian and other European stock markets can increase to 0.77 during turbulent times. The lower and upper tail dependence dynamics between Croatian and other European stock markets is similar in pattern, differing only in scale. The basic conclusion of the research is that the dependence between the stock markets of Croatia and five major European stock markets is dynamic and can be properly captured by either a dynamic normal or symmetrized Joe-Clayton copula GARCH models.

  18. 77 FR 30274 - Inupiat Energy Marketing, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2012-05-22

    ... Energy Regulatory Commission Inupiat Energy Marketing, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Inupiat Energy Marketing, LLC's application for market-based rate... . To facilitate electronic service, persons with Internet access who will eFile a document and/or be...

  19. 78 FR 20910 - Hess Energy Marketing, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2013-04-08

    ... Energy Regulatory Commission Hess Energy Marketing, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding, of Hess Energy Marketing, LLC's application for market-based rate authority... at http://www.ferc.gov . To facilitate electronic service, persons with Internet access who will e...

  20. 78 FR 4842 - Linden VFT, LLC v. Brookfield Energy Marketing, LP, Cargill Power Markets, LLC; Notice of Complaint

    Science.gov (United States)

    2013-01-23

    ... Energy Regulatory Commission Linden VFT, LLC v. Brookfield Energy Marketing, LP, Cargill Power Markets... 206 and 306 of the Federal Power Act, 16 U.S.C. 824(e) and 825(e), Linden VFT, LLC (Complainant) filed a formal complaint against Brookfield Energy Marketing, LP and Cargill Power Markets, LLC...

  1. Market Attractiveness Classification of European Union Countries for Establishing Logistics Centres

    OpenAIRE

    Schüller David; Pekárek Jan

    2016-01-01

    At present, enterprises are forced to serve their customers as quickly as possible if they want to succeed on turbulent global markets. Enterprises are looking for regions with high-quality infrastructure where they can establish new logistics centres that enable enterprises to serve their customers quickly. This paper focuses on the segmentation of the European Union market for enterprises that are willing to set up logistics centres in order to be able to distribute products fluently ...

  2. Market-based support schemes for renewable energy sources

    NARCIS (Netherlands)

    Fagiani, R.

    2014-01-01

    The European Union set ambitious goals regarding the production of electricity from renewable energy sources and the majority of European governments have implemented policies stimulating investments in such technologies. Support schemes differ in many aspects, not only in their effectivity and

  3. Improving the Energy Market: Algorithms, Market Implications, and Transmission Switching

    Science.gov (United States)

    Lipka, Paula Ann

    This dissertation aims to improve ISO operations through a better real-time market solution algorithm that directly considers both real and reactive power, finds a feasible Alternating Current Optimal Power Flow solution, and allows for solving transmission switching problems in an AC setting. Most of the IEEE systems do not contain any thermal limits on lines, and the ones that do are often not binding. Chapter 3 modifies the thermal limits for the IEEE systems to create new, interesting test cases. Algorithms created to better solve the power flow problem often solve the IEEE cases without line limits. However, one of the factors that makes the power flow problem hard is thermal limits on the lines. The transmission networks in practice often have transmission lines that become congested, and it is unrealistic to ignore line limits. Modifying the IEEE test cases makes it possible for other researchers to be able to test their algorithms on a setup that is closer to the actual ISO setup. This thesis also examines how to convert limits given on apparent power---as is in the case in the Polish test systems---to limits on current. The main consideration in setting line limits is temperature, which linearly relates to current. Setting limits on real or apparent power is actually a proxy for using the limits on current. Therefore, Chapter 3 shows how to convert back to the best physical representation of line limits. A sequential linearization of the current-voltage formulation of the Alternating Current Optimal Power Flow (ACOPF) problem is used to find an AC-feasible generator dispatch. In this sequential linearization, there are parameters that are set to the previous optimal solution. Additionally, to improve accuracy of the Taylor series approximations that are used, the movement of the voltage is restricted. The movement of the voltage is allowed to be very large at the first iteration and is restricted further on each subsequent iteration, with the restriction

  4. 75 FR 45111 - Electric Quarterly Reports; Strategic Energy Management Corp.; Solaro Energy Marketing...

    Science.gov (United States)

    2010-08-02

    ...] Electric Quarterly Reports; Strategic Energy Management Corp.; Solaro Energy Marketing Corporation; Notice... Order, the Commission directed Strategic Energy Management Corp. and Solaro Energy Marketing Corporation... compliance with the June 25 Order has elapsed. The two companies identified in the June 25 Order (Strategic...

  5. Overview of the wind energy market and renewable energy policy in Romania

    Science.gov (United States)

    Chioncel, C. P.; Tirian, G. O.; Gillich, N.; Hatiegan, C.; Spunei, E.

    2017-01-01

    The modern, developed society becomes aware of the necessity to conserve and protect the environment, increasing the gained benefits from a rational use of the natural resources. The pollution and the limitation of the fossil fuels, associated with the political situation worldwide that affects direct the energy strategies, have opened opportunities in the area of operation renewable energy sources. The development of the exploitation of renewable energy sources is directly linked to the energy politic, which, in terms of Romania, has the focus to integrate into the European Union energy strategy. The year 2014 brought in Romania many legislative changes to the renewable support scheme, that proves, once again, the legislative unpredictability and limitations introduced by the legislator ”during the game” that overthrew all economic profitability calculation of the existent and planned investments in this sector. The actual stage of the wind energy across Europe and the particular situation in Romania are highlighted; also a 2020 forecast for Romania tries to evaluate the perspective for the wind, and general, renewable energy market. The actual Romanian renewable energy support scheme, mainly regulated by “Law 220/2008” ends December 2016. The so-called “ready to build” projects especially wind- or hydropower, can’t be finalized until this deadline, being unable to qualify to the existing, mainly to inoperable, support scheme. Another legislation that has to clarify how investments in renewable energy will be supported is still not in place, blocking any project development, implementation and economical benefit of the producer. The paper presents in this respect an updated overview of the Romanian renewable energy sector and its perspective.

  6. The Impact of Macroeconomic Changes to the European Currency Market

    Directory of Open Access Journals (Sweden)

    Iulia LUPU

    2015-03-01

    Full Text Available This paper consists in the analysis of the reaction of the FX market with respect to announcements concerning new macroeconomic data. The analysis consists in the study of the volatility of changes for a set of currency pairs that include the Euro at the moment of these announcements. A measure of the speed with which new information is included in prices is provided by means of a simple GARCH model fitted at each release. We found evidence that the currencies are immediately reacting to this new information.

  7. Nonlinear Pricing in Energy and Environmental Markets

    Science.gov (United States)

    Ito, Koichiro

    This dissertation consists of three empirical studies on nonlinear pricing in energy and environmental markets. The first investigates how consumers respond to multi-tier nonlinear price schedules for residential electricity. Chapter 2 asks a similar research question for residential water pricing. Finally, I examine the effect of nonlinear financial rewards for energy conservation by applying a regression discontinuity design to a large-scale electricity rebate program that was implemented in California. Economic theory generally assumes that consumers respond to marginal prices when making economic decisions, but this assumption may not hold for complex price schedules. The chapter "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing" provides empirical evidence that consumers respond to average price rather than marginal price when faced with nonlinear electricity price schedules. Nonlinear price schedules, such as progressive income tax rates and multi-tier electricity prices, complicate economic decisions by creating multiple marginal prices for the same good. Evidence from laboratory experiments suggests that consumers facing such price schedules may respond to average price as a heuristic. I empirically test this prediction using field data by exploiting price variation across a spatial discontinuity in electric utility service areas. The territory border of two electric utilities lies within several city boundaries in southern California. As a result, nearly identical households experience substantially different nonlinear electricity price schedules. Using monthly household-level panel data from 1999 to 2008, I find strong evidence that consumers respond to average price rather than marginal or expected marginal price. I show that even though this sub-optimizing behavior has a minimal impact on individual welfare, it can critically alter the policy implications of nonlinear pricing. The second chapter " How Do

  8. Renewable energy utilization in 3 european cities. Part 1

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-07-01

    Energy production based on fossil fuels produces CO2, SO2 and NOx, which are harmful to the environment. It is agreed, both nationally and internationally, that it is necessary to considerably reduce the energy consumption. The difference between different European countries politically, financially, culturally, and socially needs to be acknowledged when energy initiatives are considered for implementation on a local as well as an international scale. This was the basis for the initiation of the project `Renewable Energy Utilization in 3 European Cities`. Three very different cities with different problems and thus different interests got together and joined efforts to develop action plans to increase renewable energy use to reduce the burden on the environment from energy consumption in the urban and regional areas. The work has been undertaken by the working group presented in appendix 3. (EG) ALTENER. 25 refs.

  9. Increased competition on the supply side of the Western European natural gas market

    Energy Technology Data Exchange (ETDEWEB)

    Golombek, R.; Gjelsvik, E.; Rosendahl, K.N.

    1996-03-01

    This publication discusses the impact of breaking up national gas sales consortia in Western Europe. A numerical model of the Western European natural gas market is used to show that once the demand side of the market is liberalized, each producing country has an incentive to break up its national gas sales consortium. The situation is not stable, however, since each country has an incentive to increase the number of domestic producers in response to more competitors. Consequently the model suggests that there may be a large number of producers in a completely liberalized natural gas market. 19 refs., 1 fig., 3 tabs.

  10. The Persistence of Pricing Inefficiencies in the Stock Markets of the Eastern European EU Nations

    Directory of Open Access Journals (Sweden)

    James Foye

    2013-06-01

    Full Text Available This paper applies a range of metrics to test for the presence of weak form market efficiency in the Eastern European countries that joined the EU in 2004, we test both the years prior to and following accession. The results from our tests indicate that, despite the expectations of many previous studies, even after entering the EU the stock markets of these countries still do not conform to even the loosest form of market efficiency. We improve and extend previous studies by incorporating liquidity controls, applying a wider range of methodologies and by using individual stocks rather than indices.

  11. The Island Smart Energy System and Market

    DEFF Research Database (Denmark)

    Ma, Zheng; Billanes, Joy Dalmacio; Jørgensen, Bo Nørregaard

    2017-01-01

    developing island smart energy systems with the integration of renewable energy resources can increase the energy supply and address the global island energy issues. The island smart energy system operates either in a single-island or in multi-islands. However the island characteristics...... and influential factors impact on the development of the singleisland or multi-island smart energy system are different. This paper presents the influential factors of the island smart energy system development by the literature analysis. Meanwhile, taking Philippines as a case study to investigate...... the differences between the single-island and multi-island smart energy system, and examine the integration challenges of the multi-island smart energy system in the Philippines. The integration challenges of the national energy system with island smart energy development are discussed with suggestions....

  12. Natural gas market - Market opening in Switzerland and a selection of European Union countries; Erdgasmarkt Schweiz. Ermittlung des Bedarfs einer Marktoeffnung aus der Sicht der Akteure und Analyse der Marktoeffnung in ausgewaehlten EU-Laendern

    Energy Technology Data Exchange (ETDEWEB)

    Wild, J.; Vaterlaus, S.; Worm, H.; Spielmann, Ch. [Plaut Economics, Regensdorf (Switzerland); Finger, M. [Swiss Federal Institute of Technology (EPFL), Lausanne (Switzerland)

    2007-02-15

    This comprehensive report for the Swiss Federal Office of Energy (SFOE) takes a look at the situation in Switzerland and Europe as far as the liberalisation of the natural gas market is concerned. Comparisons are made between the situation for natural gas and electricity markets. The report discusses the economical and technical characteristics of the gas business such as gas sources, transport, storage and trading as well as the associated investment risks. The gas and electricity supply systems are compared from the supply and demand viewpoints and as far as trading and the increasing of efficiency are concerned. The Swiss gas market is compared with those of selected European countries. Market structures and regulatory aspects are examined and the resulting effects on the market and gas prices are reviewed. The effects of market opening are discussed from both the supplier and consumer points of view.

  13. Essays on the economics of energy markets. Security of supply and greenhouse gas abatement

    Energy Technology Data Exchange (ETDEWEB)

    Dieckhoener, Caroline

    2013-02-01

    In summary, the presented thesis analyzes two distinct economic subjects: security of supply in natural gas markets and greenhouse gas abatement potentials in the residential heating market. These subjects considered both reflect key points in the triangle of energy policy and are both associated with transnational market failures within energy markets. The security of supply analyses in an intermeshed network are approached from a rather normative, top-down perspective of a social planner. On the contrary, the analyses of greenhouse gases emitted by households are positive analyses of consumer choices. The normative analyses of security of supply in natural gas markets and the positive analyses on greenhouse gas abatement in the residential heating market are organized in two parts of the thesis. 1. Normative analyses - Security of supply in natural gas markets: The two papers of the first part of the dissertation thesis are based on a normative approach with the European natural gas market and infrastructure model TIGER that allows for security of supply analyses. The general idea behind the modeling approach is based on the assumption of a social planner and finds an efficient utilization of the natural gas infrastructure. More precisely, the security of supply analyses conducted in the first part of the thesis refer to scenario simulations of disrupted supply routes in the European natural gas network. The effects of these security of supply scenarios on the usage of other infrastructure components, on marginal supply costs and disruptions to consumers are investigated. 2. Positive analyses of greenhouse gas abatement potentials - Econometric modeling of consumer choices and evaluation of public policies: The second part of the thesis includes two positive analyses which investigate household choices to derive greenhouse gas abatement potentials. In the residential heating market, the energy efficiency level exhibited and the type of energy carrier used are

  14. European chemistry for growth. Unlocking a competitive, low carbon and energy efficient future

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-04-15

    The long term role of the chemical industry as Europe progresses to an energy efficient and low GHG emission future, and the sector's potential to assist Europe in meeting its decarbonisation targets is investigated. The timeline for deploying existing and new technologies from 2020 to 2050 and their potential impact on energy efficiency and GHG emission levels, as well as the competitive position of the European chemical industry is assessed. Cefic commissioned Ecofys to perform analyses and bring forward key conclusions and recommendations from their independent viewpoint, in close collaboration with the sector. As a strategic orientation for this industry and a high level priority for Cefic's Board, this Roadmap meets the need for the European chemical industry to develop a new, longer term strategic approach to energy and climate policy and contributes to the debate on the post-2020 policy framework. This Roadmap has three main objectives: (1) Provide quantitative and more qualitative evidence on the options available to the European chemical industry to contribute to the EU's long term GHG emissions reduction goals. These options apply to technologies and product development for the sector itself and for other sectors of the EU economy; (2) Based on this evidence, define a long term vision for the European chemical industry within a European Union that progresses to a low GHG emission future by defining a number of plausible scenarios in the context of global market developments; (3) Formulate recommendations externally to policy makers and internally to the European chemical industry based on the scenarios studied. Chapter 2 provides an overview of the European chemical industry, while Chapter 3 describes the current policy landscape for the European chemical industry. Chapter 4 focuses on the European chemical industry as an enabler of energy efficiency and emissions reduction for sectors across the economy. In Chapter 5, the energy efficiency

  15. The Island Smart Energy System and Market

    DEFF Research Database (Denmark)

    Ma, Zheng; Billanes, Joy Dalmacio; Jørgensen, Bo Nørregaard

    2017-01-01

    the differences between the single-island and multi-island smart energy system, and examine the integration challenges of the multi-island smart energy system in the Philippines. The integration challenges of the national energy system with island smart energy development are discussed with suggestions....

  16. Market Attractiveness Classification of European Union Countries for Establishing Logistics Centres

    Directory of Open Access Journals (Sweden)

    Schüller David

    2016-10-01

    Full Text Available At present, enterprises are forced to serve their customers as quickly as possible if they want to succeed on turbulent global markets. Enterprises are looking for regions with high-quality infrastructure where they can establish new logistics centres that enable enterprises to serve their customers quickly. This paper focuses on the segmentation of the European Union market for enterprises that are willing to set up logistics centres in order to be able to distribute products fluently and more quickly to their customers in Europe. An agglomerative hierarchical clustering algorithm was used and Ward’s criterion applied for the purposes of market segmentation. A Logistic Performance Index and the indicator Dealing with Construction Permits were used as two relevant dimensions reflecting the market attractiveness of identified clusters. Based on the given statistical output, fundamental marketing concepts were formulated for each cluster composed of EU countries with similar characteristics.

  17. Future evolution of the liberalised European gas market: Simulation results with a dynamic model

    Energy Technology Data Exchange (ETDEWEB)

    Lise, Wietze [IBS Research and Consultancy, Aga Han, Agahamami Cadessi 1/6, Cihangir, 34433 Beyoglu, Istanbul (Turkey); Energy Markets and International Environmental Policy group, ECN Policy Studies, Energy Research Centre of the Netherlands, Amsterdam (Netherlands); Hobbs, Benjamin F. [Department of Geography and Environmental Engineering, The Johns Hopkins University, Ames Hall 313, 3400 North Charles Street, Baltimore, MD 21218 (United States)

    2008-07-15

    Strategic behaviour by gas producers is likely to affect future gas prices and investments in the European Union (EU). To analyse this issue, a computational game theoretic model is presented that is based on a recursive-dynamic formulation. This model addresses interactions among demand, supply, pipeline and liquefied natural gas (LNG) transport, storage and investments in the natural gas market over the period 2005-2030. Three market scenarios are formulated to study the impact of producer market power. In addition, tradeoffs among investments in pipelines, LNG liquefaction and regasification facilities, and storage are explored. The model runs indicate that LNG can effectively compete with pipelines in the near future. Further, significant decreases in Cournot prices between 2005 and 2010 indicate that near-term investments in EU gas transport capacity are likely to diminish market power by making markets more accessible. (author)

  18. INVESTIGATING FINANCIAL INNOVATION AND EUROPEAN CAPITAL MARKETS. THE CASE OF CATASTROPHE BONDS AND LISTED REINSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    CONSTANTIN LAURA-GABRIELA

    2014-12-01

    Full Text Available Focusing on the financial innovation – stock market interconnections, the present research studies the association between the insurance-linked market activity of European (reinsurance companies and their evolution on the capital markets. With the aim of emphasizing the connections from the perspective of the stock performance and their risk, the empirical analysis is based on vector autoregression (VAR and Granger causality analyses. The proposed examination is further developed by considering both impulse response functions and variance decomposition insights. The proxies of the catastrophe bond market, as financial innovation, there are employed both the size and the number of catastrophe bonds transactions, while the stock returns and their standard deviation stand for representatives of the evolution of the reinsurance companies on the capital markets in terms of financial performance and risk. The main results confirm other studies, suggesting that the effects of issuing cat bonds on the ceding companies is reflected rather in terms of stocks’ risk diminishing

  19. [Policies encouraging price competition in the generic drug market: Lessons from the European experience].

    Science.gov (United States)

    Puig-Junoy, Jaume

    2010-01-01

    To describe alternative policies aimed at encouraging price competition in generic drug markets in countries with strict price regulation, and to present some case studies drawn from the European experience. Systematic literature review of articles and technical reports published after 1999. The shortcomings in consumer price competition observed in some European generic markets, including Spain, may be reduced through three types of public reimbursement or financing reforms: policies aimed at improving the design of current maximum reimbursement level policies; policies aimed at monitoring competitive prices in order to reimburse real acquisition cost to pharmacies; and, more radical and market-oriented policies such as competitive tendering of public drug purchases. The experience of recent reforms adopted in Germany, Belgium, Holland, Norway, and Sweden offers a useful guide for highly price-regulated European countries, such as Spain, currently characterized by limited consumer price competition and the high discounts offered to pharmacy purchases. Direct price regulation and/or the generic reference pricing systems used to reduce generic drug prices in many European countries can be successfully reformed by adopting measures more closely aimed at encouraging consumer price competition in generic drug markets. Copyright 2009 SESPAS. Published by Elsevier Espana. All rights reserved.

  20. Price effects of changing quantities supplied at the integrated european fish market

    DEFF Research Database (Denmark)

    Nielsen, Max; Smit, Jos; Guillen, Jordi

    2012-01-01

    This article analyses the effect that changes in the quantities supplied from EU fish stocks have on fish prices. As opposed to earlier studies, this one is European- wide, taking international market integration into account. Average own-price flexibilities for fresh captured fish are found...

  1. European Short-term Electricity Market Designs under High Penetration of Wind Power

    NARCIS (Netherlands)

    Chaves Avila, J.P.

    2014-01-01

    The EU has ambitious policies for decarbonization of the electricity sector. Due to recent technological developments, wind power already represents a significant share of the generation mix in some European countries. As a result, short-term electricity markets and balancing arrangements must be

  2. The European Market for Animal-Friendly Products in a Societal Context.

    Science.gov (United States)

    Ingenbleek, Paul T M; Harvey, David; Ilieski, Vlatko; Immink, Victor M; de Roest, Kees; Schmid, Otto

    2013-08-14

    This article takes a future focus on the direction in which social forces develop the market for animal-friendly products in Europe. On the basis of qualitative data gathered in the context of the European EconWelfare project, the differences across eight European countries are studied. The findings suggest that, given international trade barriers that prevent an improvement of animal welfare through legislation, many stakeholders believe that the market is the most viable direction to improve farm animal welfare. Economic productivity of the chain remains, however, an issue that on a fundamental level conflicts with the objective to improve animal welfare. With the help of a deeper conceptual understanding of willingness to pay for animal welfare, the paper finds that the European market for animal-friendly products is still largely fragmented and that the differences between European countries are considerable. A more animal-friendly future that is achieved through the market will therefore need substantial policy attention from stakeholders in society.

  3. Voluntary additional health insurance in the European union: Free market or regulation?

    NARCIS (Netherlands)

    P. Calcoen (Piet); W.P.M.M. van de Ven (Wynand)

    2017-01-01

    textabstractRecent European Court of Justice (ECJ) case law has highlighted apparent inconsistencies in ECJ rulings on the regulation of voluntary additional health insurance. In 2013, the ECJ upheld Belgian regulations limiting the operation of the free market by restricting increases in premium

  4. Flexicurity and Gender Mainstreaming: Deliberative Processes, Knowledge Networks and the European Labour Market

    NARCIS (Netherlands)

    R. Kurian (Rachel)

    2010-01-01

    textabstractGender mainstreaming and flexicurity have been adopted as separate labour market objectives in the European Union since the mid-1990s. It is remarkable that there has been a virtual absence of gender concerns in the deliberations on flexicurity for over a decade. When gender concerns

  5. Foreign workers in the labour market in the Czech Republic and in selected European countries.

    OpenAIRE

    Čižinský, Pavel; Čech Valentová, Eva; Hradečná, Pavla; Holíková, Klára; Jelínková, Marie; Rozumek, Martin; Rozumková, Pavla

    2014-01-01

    The publication we have prepared for you concerns a relatively narrow issue: the position of foreign workers in the labour market in the Czech Republic and in several other selected countries of the European Union. Our original intention was to address mainly the question of job safety for these persons, as well as work accidents and occupational diseases.

  6. The energy policy of the European Union: Green book; Por una politica energetica de la Union Europea

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-07-01

    This book is based in the document con(94) 659 final, 11.1.1995. It is analyzing the evolution of the energetic policy, the objective of the future energetic policy and the priorities of the European Community. The main aspects are: energetic market, supply, international cooperation, environmental protection, energy efficiency and the Technology.

  7. Contributions to the financial mathematics of energy markets

    NARCIS (Netherlands)

    Permana, F.J.

    2008-01-01

    This thesis provides several contributions to quantitative finance for energy markets: electricity price modelling, implying oil price volatilities, pricing and hedging of exotic commodity options. Electricity spot prices are characterized by spikes (jumps) because electricity is non-storable. A

  8. From commodity to customer value : the transition from a production-oriented to a market-oriented European dairy industry

    NARCIS (Netherlands)

    Everwand, W.C.; Ingenbleek, P.T.M.; Backus, G.B.C.

    2007-01-01

    The European food industry has been regulated for a long time. Since the 1960s, the European market has been protected from imports by relatively high taxes. Companies in Europe therefore never had to fear real competition from outside the Union in their domestic markets. This changed, when, due to

  9. European energy and transport - scenarios on key drivers

    Energy Technology Data Exchange (ETDEWEB)

    Mantzos, L.; Capros, P.; Kouvaritakis, N.; Zeka-Paschou, M.

    2004-09-01

    'Scenarios on key drivers' investigates alternative energy futures as distinct from the baseline development that shows the effects of current trends and policies. The key drivers concern either different framework conditions for energy and transport policies, such as higher world energy prices, higher or lower economic growth, or they are about different policy approaches on, for example, energy efficiency, renewables, nuclear energy, modal split in transport and climate change. The analysis covers the European Union of 25 Member States and extends to the year 2030. 79 figs., 90 tabs., 8 apps.

  10. The domestic energy market in Europe. A legal comparison and structure comparison; Der Energiebinnenmarkt in Europa. Ein Rechts- und Strukturvergleich

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-07-01

    Due to the directives power 96/92/EG and gas 98/30/EG of the European Union, the energy market in Europe grows together. The book under consideration supports a general view of the single markets as well as there practical regulations and developments. The main aim of this contribution is to describe the actual liberalization of the domestic energy market in Europe and to offer practical supports. The book consists of the subsequent contributions: (a) The European legal scope of the power market and gas market (Ines Zenke, Hans-Christoph Thomale); (b) Structure and legal boundary conditions of the energy market in the Federal Republic of Germany (Christian Held); (c) Competition in power economy and gas economy in the Federal Republic of Germany (Christian Theobald); (d) Ecologic targets of the Federal Republic of Germany under special consideration of a climate friendly energy policy (D'orte Annemarie Fouquet, J'org Kuhbier); (e) The balance cycle in the system of the Association's Agreement II Plus Power (Christian de Wyl); (f) Structure and legal boundary conditions of the French energy market (Marc Frangi); (g) The gas market in France and in foreign countries: economical, legal and political aspects (Cecile Clerc); (h) The institutional scop of the liberalised energy market in Greece (Anta Strogilaki); (i) The electricity market in Great Britain (Neil Upton); (j) Structure of the gas market in the United Kingdom (Lis Blunsdon); (k) State of the art of the liberalization of the power market in Italy (Gianfranco Puopolo, Frank J. Geffers); (l) The Green-Certificate-System in Italy (Gianfranco Puopolo, Frank J. Geffers); (m) Structure and legal boundary conditions of the Dutch energy market (Duco Drenth); (n) Legal boundary conditions of the subterranean storage of natural gas in The Netherlands (Duco Drenth); (o) The Austrian electricity market from the view of a affiliated company (Guenther Rabensteiner, Gabriele Patha); (p) Promotion of ecopower

  11. Evaluating the Value of Flexibility in Energy Regulation Markets

    DEFF Research Database (Denmark)

    Neupane, Bijay; Pedersen, Torben Bach; Thiesson, Bo

    2015-01-01

    prices. Further, we analyze the benefit for various types of flexibility and market objectives, to detect the type of energy flexibility that maximizes the benefits. Results show that if 3.87% of total demand is flexible, market can reduce the regulation cost by 49% and the regulation volume by 29.4%.......In this paper, we perform an econometric analysis on the benefits of introducing flexibility in the Danish/Nordic regulating power market. The paper investigates the relationships between market power prices and regulation volumes, in order to quantify the effects of flexibility on regulating power...

  12. The German Social Market Economy – (Still a Model for the European Union?

    Directory of Open Access Journals (Sweden)

    Klaus Dieter John

    2007-03-01

    economic order which is based on free markets but, at the same time, includes elements of social balancing. The term “Social Market Economy” can neither be found in the Treaty on European Union nor in the Treaty establishing the European Community. The documents only use the terms “open market economy” and “free competition”. The Commission has never made a clear statement whether its economic policy is guided by the principles of a SME. Because the SME-concept is not new and its value is not undisputed it is worth to reflect on it and to find out what it has to offer for the economic and social policy of the EU.

  13. Electricity and energy policy: french specificities and challenges in the european framework; Electricite et politique energetique: specificites francaises et enjeux dans le cadre europeen

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-11-15

    In the today context of the electric power european market deregulation and the increase of the energy prices, the energy policy must change. The increase of the energy prices makes wonder the question of the competitiveness of the french economy: what type of supplies and which technological orientations will allow to reduce the constraints. After a presentation of the today electric power french market and the recently modifications bond to the deregulation, this note aims to describe the evolutions, since the first petroleum crisis, of the place given to the electric power in the energy policy, as the technological choices explaining the today structure he electricity production, characterized by the major part of the nuclear. Then the energy policy in matter of the electric power is discussed in the european context, to present the choices impacts facing the european objectives of energy security, environment and market liberalization. (A.L.B.)

  14. INSPIRE Harmonisation of existing Energy Performance Certificate datasets: European Union Location Framework Energy Pilot

    OpenAIRE

    MARTIRANO GIACOMO; Pignatelli, Francesco

    2016-01-01

    The European Union is giving more and more emphasis to its energy policies, whose strategy and actions are included in the Energy Union Package and the 2030 Framework for Climate and Energy. Buildings in which people live and work are responsible for an important portion of the energy consumption in Europe (approximately 40% of the primary energy consumption) and there are several policies and initiatives that are aiming at improving their energy performance. In particular, the Energy Perf...

  15. Wood energy markets, 2011-2012

    Science.gov (United States)

    Francisco Aguilar; Rens Hartkamp; Warren Mabee; Kenneth Skog

    2012-01-01

    To celebrate the 2012 International Year of Sustainable Energy for All, in this chapter we consider in some depth the sustainability of wood energy. To do so, we evaluate the traditional economic, environmental and social dimensions of the sustainability concept. We also address how public policy has influenced wood energy sustainability across the UNECE region.

  16. Energy Policy Case Study - Texas: Wind, Markets, and Grid Modernization

    Energy Technology Data Exchange (ETDEWEB)

    Orrell, Alice C. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Homer, Juliet S. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Bender, Sadie R. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Weimar, Mark R. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2016-09-19

    This document presents a case study of energy policies in Texas related to power system transformation, renewable energy and distributed energy resources (DERs). Texas has experienced a dramatic increase in installed wind capacity, from 116 MW in 2000 to over 15,000 MW in 2015. This achievement was enabled by the designation of Competitive Renewable Energy Zones (CREZs) and new transmission lines that transmit wind to load centers. This report highlights nascent efforts to include DERs in the ERCOT market. As costs decline and adoption rates increase, ERCOT expects distributed generation to have an increasing effect on grid operations, while bringing potentially valuable new resources to the wholesale markets.

  17. Economic Dispatch of Hydrogen Systems in Energy Spot Markets

    DEFF Research Database (Denmark)

    You, Shi; Nørgård, Per Bromand

    2015-01-01

    of energy spot markets. The generic hydrogen system is comprised of an electrolysis for hydrogen production, a hydrogen storage tank and a fuel cell system for cogeneration of electricity and heat. A case study is presented with information from practical hydrogen systems and the Nordic energy markets......Hydrogen system, as a new energy carrier, could deliver clean and efficient energy services in a wide range of applications. This paper presents an economic dispatch-based mathematical model that facilitates investigations on the techno-economic feasibility of hydrogen systems in the context...

  18. TRADING ACTIVITY AND PRICES IN ENERGY FUTURES MARKET

    Directory of Open Access Journals (Sweden)

    Aysegul Ates

    2016-04-01

    Full Text Available This paper aims to examine trading activity and the relationship between futures trading activity by trader type and energy price movements in three energy futures markets –natural gas, crude oil and heating oil. We find that the level of net positions of speculators are positively related to future returns and in contrast net positions of hedgers are negatively related to futures price changes in all three markets. The changes in net positions are relatively more informative compare to the level of net positions in predicting price changes in related markets.

  19. Marketing of renewable energies. Foundations, business models, case studies; Marketing Erneuerbarer Energien. Grundlagen, Geschaeftsmodelle, Fallbeispiele

    Energy Technology Data Exchange (ETDEWEB)

    Herbes, Carsten [HfWU Nuertingen-Geislingen, Nuertingen (Germany); Friege, Christian (ed.)

    2015-07-01

    How to market green electricity or biomethane? What is the right price for renewable energy and how do you design the optimal use of social media? What impact have the EEG or electromobility to the Green Power Marketing? Does direct marketing works or is online marketing the guarantee of success? Answers to these and many other basic questions provides the band with contributions from leading scientists and renowned practitioners. For the first time they describe in a structured form the basics of marketing of renewable energies, provide an introduction to the legal and market-based features and present new business models. The book is based on the latest research results, treats all questions of marketing issues important for practitioners, provides case studies and specific recommendations. [German] Wie vermarktet man Oekostrom oder Biomethan? Was ist der richtige Preis fuer Erneuerbare Energien und wie gestaltet man den optimalen Einsatz von Social Media? Welche Auswirkungen haben das EEG oder die Elektromobilitaet auf das Gruenstrom-Marketing? Funktioniert Direktvertrieb oder ist Online-Marketing der Erfolgsgarant? Antworten auf diese und viele weitere grundlegende Fragen liefert dieser Band mit Beitraegen fuehrender Wissenschaftler und renommierter Praktiker. Erstmals beschreiben sie hier in strukturierter Form die Grundlagen der Vermarktung von Erneuerbaren Energien, fuehren in die gesetzlichen und marktlichen Besonderheiten ein und stellen neue Geschaeftsmodelle vor. Das Buch fusst auf aktuellen Forschungsergebnissen, behandelt saemtliche fuer Praktiker wichtige Fragen der Vermarktung, liefert Fallbeispiele und konkrete Empfehlungen.

  20. Energy Choices. A North European Energy Map; Vaegval Energi. Nordeuropeisk Energikarta

    Energy Technology Data Exchange (ETDEWEB)

    Groenkvist, Stefan; Stenkvist, Maria; Paradis, Hanna

    2008-11-15

    Oil, coal and natural gas dominate the energy consumption in Northern Europe, as well as in the world at large. The energy supply mix varies between the countries of the region. For example, a large proportion of biomass and waste in Finland and Latvia (Norway) and Sweden use a high proportion of hydroelectric power, while Poland has a very high proportion of coal in their energy mix. Energy use per person in Northern Europe is more than twice as high compared with the average global - but lower than the average in the OECD. In Northern Europe, there are three separate networks for energy transfer: natural gas, electricity and heating. The expansion of the natural gas network has been strong since 1970. Gas pipelines today covers large parts of Europe and new pipelines are planned. The electricity grids and their transmission capacity has grown. Electricity began to be transferred between the Nordic countries during the 1960s. Today, the North European countries are linked with a number of high capacity cables. While the networks for district heating has grown, these systems are separate for individual cities. In recent years, the region's net imports of oil rose, as (Norway's oil production has declined since the early 2000s. On the other hand, the North European countries in 2007 became, for the first time, net exporters of natural gas. As the energy systems expand, trade in energy increases - both within the region and with the rest of Europe and the rest of the world. Several new energy projects are planned in Northern Europe for expanded capacity in oil refineries and new pipelines for natural gas and transmission lines for electricity. The energy integration in the region is therefore expected to increase further. In the long term, climate policy will be of greater importance, both for the region's use of primary energy and for the look of the region's future energy map

  1. The increasing impact of Europeanization and migrating labour on the Danish labour market

    DEFF Research Database (Denmark)

    Refslund, Bjarke

    Somewhat unexpectedly from the experience of integrating new Southern European members, the enlargement of the European Union with the Central and Eastern European countries has quite far-reaching effects on the Danish labour market by facilitating labour migration. Since the Danish transitional...... though EU8/2 workers still only accounts for around three per cent of total Danish employment there may be more significant regulatory and institutional effects since employers use the labour inflow to put pressure on wage levels, working conditions and the general scope and range of the collective...... agreements especially for low-skilled labour in sectors like agriculture and cleaning, that have high inflows. A large number of Eastern Europeans are working significantly below the de facto minimum wages negotiated between the social partners. This paper provides case study research from the agricultural...

  2. ANALYSING THE LEVEL OF CORRELATION AMONG TURKEY AND EUROPEAN UNION MARKETS

    Directory of Open Access Journals (Sweden)

    HAKAN SARITAŞ

    2013-06-01

    Full Text Available International portfolio investments are growing rapidly as a result of the relaxation of capital controls in national markets. The most attractive aspect of international portfolio investments for investors is that investors are able to decrease the volatility of their investments through diversification. Although international portfolio investments provide tremendous diversification benefits, the level of correlation among the equity markets around the world has an important impact on diversification. If cross-country correlations are small, international diversification can provide investors with an attractive risk-return profile. However, investors may not be able to diversify away much domestic risk if the cross-country correlations are large. In this study, I analyzed the correlation between the Turkish equity market and equity markets of European Union (EU countries. The aim was to figure out the effects of developments emerged in the way of Turkey’s membership to EU on the level of correlation between the Turkish equity market and EU markets. The findings of the study indicate that mentioned developments increased the level of correlation between the Turkish equity market and EU markets.

  3. Implementing transparency in an Eastern European office market: preparing Warsaw for global investments

    Directory of Open Access Journals (Sweden)

    Nadine Bitterer

    2012-11-01

    Full Text Available In the aftermath of an increasing integration of property and financial markets, the real estate industry is subject to soaring internationalization processes. Since international institutional investors appeared, transnational real estate investments have increased tremendously. In recent years, Central and Eastern European countries have been becoming more attractive to institutional investors and are therefore being integrated into international market structures. Within these countries, Warsaw emerged as the most dynamic and important real estate market. But what are the mechanisms and practices through which the real estate market of Warsaw becomes international? Which networks, intermediaries and frames are necessary to constitute a mature real estate market? The article argues that international real estate consultants are playing a crucial role in the underlying internationalization process. They are acting at the interface between investors, developers, construction companies and tenants and are therefore becoming a crucial hinge between real estate actors. With the example of the Warsaw real estate market we argue that international real estate consultancies are key drivers of the transformation process from a local to a global market. They transfer global knowledge, competence and practices and implement transparent and professional structures in the emerging Warsaw real estate market.

  4. Municipalities and opening up of energy markets; Les municipalites et l'ouverture des marches energetiques

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-07-01

    The opening of energy markets in Europe is modifying deeply the general framework of economic activity, modes of organisation and ways of thinking. The energy future in Europe is being determined under the influence of Community directives relating to electricity and to gas. It is also being moulded by national legislation, which is being progressively put into place in different countries of the European Union and in other European countries such as those of central Europe. These will affect the conditions under which policies for energy efficiency, for the development of renewable energy and for combating climate change are to be implemented. The liberalization of energy markets is a new and highly significant element in the European energy scene and municipalities are making a constructive contribution to this process. About 160 representatives of municipalities from 19 different European countries met at the Energie-Cites Seminar in Barcelona in order to become better informed, to exchange opinions and to debate the consequences at their level of the opening of energy markets. As a consequence they have asked themselves questions and exchanged ideas in relation with their respective situations regarding energy planning, production, distribution, and the role of population motivative. The seminar is organized around one round table about the threats and the opportunities of the opening up of energy markets, and three sessions about: what is going to change for the municipality as energy consumer, what is going to change for the municipality as energy producer, distributor and regulator-developer, and what is going to change for the municipality as motivative. (J.S.)

  5. Integration of liberalised energy market; Samspillet mellem de liberaliserede energimarkeder

    Energy Technology Data Exchange (ETDEWEB)

    Klinge Jacobsen, H.; Fristrup, P.; Munksgaard, J.; Pade, L.L.; Henriksen, T.C.

    2004-03-01

    The markets for electricity, natural gas and district heating are inter-linked both with respect to the energy flows and with respect to ownership of supply sources and infrastructure. The extent and the possible consequences of these linkages are examined in this report. The options for public interventions in these markets are analysed to compare instruments with respect to their ability to provide the necessary incentives for an efficient functioning of the liberalised markets. Aspects of retail markets with households facing multi-product distribution companies and aspects of the production of combined heat and power based on natural gas has been covered. This project identifies some important aspects related to final consumers and the interaction of markets with different types of regulation and scope for liberalisation. From a Danish perspective the district heat market and the dependence on market conditions for natural gas is a specific concern. Consumer concerns also relate to the creation of multi-product energy distribution companies that are privately owned and possibly controlled by foreign interests. Such companies might use bundled sales of energy products to extent their dominant position in one market e.g. a regulated heat market to a market with considerable competition (electricity). Bundled sales would not necessarily result in a loss for the consumer due to economies of scope in supplying energy products. However, the regulatory authorities responsible for district heat prices will have a more complicated job in surveying the bundled price setting. Integration of activities within natural gas distribution and CHP production has been analysed with respect to incentives and welfare implications. Results of the project point to critical market conditions and identify areas of concern for regulatory policies. The analysis shows that there is a large welfare loss associated with having monopolies in both natural gas supplies and the CHP production

  6. Entry, concentration and market efficiency: A simulation of the PJM energy market

    Science.gov (United States)

    Harvill, Terry

    The rapid and substantial expansion of the PJM energy market during 2004 and 2005 provides a unique opportunity to test the theory of market concentration and its effect on market efficiency. With ten years of operational experience, the PJM energy market is uniquely suited to test the theories of market concentration and efficiency in a natural experiment. This research tests the hypothesis that, for a given number of generating units in the industry, system marginal price will be a decreasing function of the number of owners or generators controlling the units (i.e., the industry concentration ratio). Market simulations are utilized to assess price-cost markups in the PJM energy market during three distinct periods of expansion: (1) pre-Commonwealth Edison integration, (2) pre-American Electric Power (AEP), Dayton Power and Light (DPL), Duquesne Light (Duquesne), and Dominion Virginia Power (Dominion) integration, and (3) post-AFT, DPL. Duquesne, and Dominion Integration. The results of the market simulations for the May 1 to August 31 periods for 2003, 2004, and 2005, indicate that the performance of the market improved with the addition of new market participants in 2004 and 2005. The results of the simulation indicate that the load-weighted Lerner index decreased to -3.70 percent in 2005 from 0.92 percent in 2003. Clearly, the addition of Commonwealth Edison in 2004 significantly increased constraints within the PJM energy market and likely impacted the observed prices in PJM during 2004 due to the lack of a significant link to the other PJM market participants. This deficiency was address in 2005 with the addition of American Electric Power. The market simulations also highlight the prevalence of computed negative markups in the simulation results. Many of the off-peak periods in particular are characterized by negative markups where the expected marginal cost exceeds the observed price. Unit commitment constraints are believed to largely account for these

  7. European Retail Payments Market: New Opportunities to Mergers and Acquisition Transactions

    Directory of Open Access Journals (Sweden)

    Lina Novickytė

    2011-04-01

    Full Text Available Most of European banks will not be able to allocate funds successfully participating in the SEPA. Some of them have to look for opportunities to reduce the cost in collaboration with other institutions in the execution of the payment or provision of services to carry out transmission of the third party. The other part will have to find a merger partner. In future there can be more active participants in the market lead to acquisitions. In order to assess possible changes in the payment market, noted that its participants – service providers – consolidation will be inevitable. The assessment of the Lithuanian bank sector shows that banks with the parent banks that invest and develop the activities of subsidiaries of banks, are likely to remain in the market. However, banks that are not ready to participate and get involved in a single market, will be taken over or disappear.Article in Lithuanian

  8. NEW DIMENSIONS OF BENEFITS AND RISKS TO BUSINESSES IN THE EUROPEAN UNION MARKET

    Directory of Open Access Journals (Sweden)

    Dinu Ana-Maria

    2013-07-01

    Full Text Available The paper aims to identify the types of risks that a company faces when entering the European Union’s market. Risk may be defined as an uncertain event that may have a negative effect on achieving objectives and risk management can be defined as the process that identifies analyses and accept or mitigate the uncertainty in business decision-making. Well designed and implemented, risk management programs are the source of competitive advantage for businesses in the European Union market and this way the operating costs can be reduced, quality and product reliability can be improved, staff productivity can increase. It is very important for any company to be aware of potential risks as this will help to assess, to prioritise and to protect againt the risks that may arise. Some of the potential risk can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. After the company have identified the risks, they must be prioritized in accordance with the companies assessment of their probability.The European Union expansion is ongoing and it is a major market place .Doing business on international level has always been about managing the unique risks which global markets pose. For many companies that intend to do business in Europe today, the risks are so varied and complicated that a risk management strategy is necessary and must be carefully tuned and revisited on a regular basis. There are many advantages when starting a business in the European Union. When participants and investors enter a new market should remain vigilant about risks.

  9. Offshore Wind Energy Market Overview (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Baring-Gould, I.

    2013-07-01

    This presentation describes the current international market conditions regarding offshore wind, including the breakdown of installation costs, how to reduce costs, and the physical siting considerations considered when planning offshore wind construction. The presentation offers several examples of international existing and planned offshore wind farm sites and compares existing international offshore resources with U.S. resources. The presentation covers future offshore wind trends and cites some challenges that the United States must overcome before it will be able to fully develop offshore wind sites.

  10. Green paper. Towards a European strategy for the security of energy supply

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    This Green Paper is the response to an observable fact: Europe growing future energy dependence. Its aim is to initiate a debate on the security of energy supply, an issue that is still very much alive. Three main points emerge from the Green Paper: the European Union will become increasingly dependent on external energy sources; enlargement will not change the situation; based on current forecasts, dependence will reach 70 % in 2030; the European Union has very limited scope to influence energy supply conditions (it is essentially on the demand side that the EU can intervene, mainly by promoting energy saving in buildings and the transport sector); at present, the European Union is not in a position to respond to the challenge of climate change and to meet its commitments, notably under the Kyoto Protocol. In these circumstances, the Commission would like the debate on the future strategy to be structured around the following principal questions: 1. Can the European Union accept an increase in its dependence on external energy sources without compromising its security of supply and European competitiveness? 2. Does not Europe increasingly integrated internal market, where decisions taken in one country have an impact on the others, call for a consistent and coordinated policy at Community level? What should such a policy consist of and where should competition rules fit in? 3. Are tax and State aid policies in the energy sector an obstacle to competitiveness in the European Union or not? 4. In the framework of an ongoing dialogue with producer countries, what should supply and investment promotion agreements contain? Given the importance of a partnership with Russia in particular, how can stable quantities, prices and investments be guaranteed? 5. Should more reserves be stockpiled, as already done for oils, and should other energy sources be included, such as gas or coal? Does the risk of physical disruption to energy supplies justify more onerous measures for

  11. Battery energy storage market feasibility study -- Expanded report

    Energy Technology Data Exchange (ETDEWEB)

    Kraft, S. [Frost and Sullivan, Mountain View, CA (United States); Akhil, A. [Sandia National Labs., Albuquerque, NM (United States). Energy Storage Systems Analysis and Development Dept.

    1997-09-01

    Under the sponsorship of the US Department of Energy`s Office of Utility Technologies, the Energy Storage Systems Analysis and Development Department at Sandia National Laboratories (SNL) contracted Frost and Sullivan to conduct a market feasibility study of energy storage systems. The study was designed specifically to quantify the battery energy storage market for utility applications. This study was based on the SNL Opportunities Analysis performed earlier. Many of the groups surveyed, which included electricity providers, battery energy storage vendors, regulators, consultants, and technology advocates, viewed battery storage as an important technology to enable increased use of renewable energy and as a means to solve power quality and asset utilization issues. There are two versions of the document available, an expanded version (approximately 200 pages, SAND97-1275/2) and a short version (approximately 25 pages, SAND97-1275/1).

  12. Energy supplier obligations and white certificate schemes: Comparative analysis of experiences in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Bertoldi, Paolo, E-mail: paolo.bertoldi@ec.europa.e [European Commission, Joint Research Centre, Institute for Energy, Via E. Fermi 1, TP 450, 21027 Ispra (Vatican City State, Holy See) (Italy); Rezessy, Silvia, E-mail: silvia.rezessy@ec.europa.e [European Commission, Joint Research Centre, Institute for Energy, Via E. Fermi 1, TP 450, 21027 Ispra (Vatican City State, Holy See) (Italy); Lees, Eoin, E-mail: eoin@eoinleesenergy.co [Eoin Lees Energy, 4 Silver Lane, West Challow, Wantage, Oxon OX12 9TX (United Kingdom); Baudry, Paul, E-mail: paul.baudry@edf.f [EDF R and D, Centre des Renardieres, 77818 Moret sur Loing (France); Jeandel, Alexandre, E-mail: alexandre.jeandel@gdfsuez.co [GDF SUEZ, 16, rue Ville L' Eveque, 75008 Paris (France); Labanca, Nicola, E-mail: nicola.labanca@polimi.i [eERG, Politecnico di Milano, Via Lambruschini n. 4, 20156 Milano (Italy)

    2010-03-15

    A number of Member States of the European Union (EU) have introduced market-based policy portfolios based on quantified energy savings obligations on energy distributors or suppliers, possibly coupled with certification of project-based energy savings (via white certificates), and the option to trade the certificates or obligations. The paper provides an up-to-date review and analysis of results to date of white certificate schemes in the EU. In the EU supplier obligations and white certificate schemes have delivered larger savings than originally expected with obliged companies exceeding targets and, in some cases, at cost below what policy makers have anticipated. Supplier obligations foster the uptake of standardised energy efficiency actions often targeting smaller energy users (residential sector), lowering the transaction costs and contributing to market transformation. The role of certificate trading is more ambiguous. Trading can bring benefits where the target is set sufficiently high with respect to the energy-saving potential in the sectors covered. Theoretically trading may be better suited for broader systems with comprehensive coverage, but even in smaller schemes trading may reduce the transaction costs of compliance for obliged actors without sufficient expertise on end-use energy efficiency. Yet, trading increases the administrative cost ratio of energy-saving obligations.

  13. An Analysis of Current Labor Market Developments and Structures in European Union – in Correlation with Labor Market Flexicurity Requirements

    Directory of Open Access Journals (Sweden)

    Alina Ştefania CHENIC (CREŢU

    2012-03-01

    Full Text Available Althougt at first sight the crisis appears as a disturbance of the regular course of economic, social and organizational, this is a necessary step that turns old structures and relations to some superior functional. Under these conditions, hawever, it is absolutely necessary that the situation be properly evaluated by an analysis of developments and labour market structures and be taken right decision for the purposes of proper management of existing and potential recovery so far underused resources: people, values and strategies. The impact of the economic crisis on labour markets displays significant variation from one country to another. Employment rates and unemployment rates will be compared between European countries and for different groups of workers. Some countries have succeeded in keeping employment levels up and unemployment levels down through recourse to employmentpreservation and employment-creation measures combined with an expansion of active labour market policies. Moreover, certain labour market groups or categories have been particularly hard hit by the crisis. These include men, temporary workers, youth and migrant workers. In the EU Member States, crossing the crisis period was marked by changes in the sense orientation flexibleworking time and conservation work, a strategy that ensures rapid and reversible adaptation to the needs ofproduction entities present.

  14. Whole Foods Market Improves Energy Efficiency in New Construction

    Energy Technology Data Exchange (ETDEWEB)

    None

    2013-03-01

    Whole Foods Market partnered with the U.S. Department of Energy (DOE) to develop and implement solutions to reduce annual energy consumption in new stores by at least 50% versus requirements set by ASHRAE/ANSI/IESNA Standard 90.1-20041 as part of DOE’s Commercial Building Partnership (CBP) program.

  15. Potentials and market prospects of wind energy in Vojvodina

    Directory of Open Access Journals (Sweden)

    Katić Vladimir A.

    2012-01-01

    Full Text Available The paper presents an overview of the wind energy potentials, technologies and market prospects in the Autonomous Province of Vojvodina, the region of Serbia with the most suitable location for exploitation of wind energy. The main characteristics of the region have been presented regarding wind energy and electric, road, railway and waterway infrastructure. The wind farm interconnection with the public grid is explained. The most suitable locations for the wind farms are presented, with present situation and future prospects of wind market in Vojvodina.

  16. Technology diffusion of energy-related products in residential markets

    Energy Technology Data Exchange (ETDEWEB)

    Davis, L.J.; Bruneau, C.L.

    1987-05-01

    Acceptance of energy-related technologies by end residential consumers, manufacturers of energy-related products, and other influential intermediate markets such as builders will influence the potential for market penetration of innovative energy-related technologies developed by the Department of Energy, Office of Building and Community Systems (OBCS). In this report, Pacific Northwest Laboratory reviewed the available information on technology adoption, diffusion, and decision-making processes to provide OBCS with a background and understanding of the type of research that has previously been conducted on this topic. Insight was gained as to the potential decision-making criteria and motivating factors that influence the decision-maker(s) selection of new technologies, and some of the barriers to technology adoption faced by potential markets for OBCS technologies.

  17. Energy drink consumption and marketing in South Africa.

    Science.gov (United States)

    Stacey, Nicholas; van Walbeek, Corné; Maboshe, Mashekwa; Tugendhaft, Aviva; Hofman, Karen

    2017-12-01

    Energy drinks are a fast-growing class of beverage containing high levels of caffeine and sugar. Advertising and marketing have been key to their growth in South Africa. This paper documents trends in energy drink consumption and energy drink advertising, and examines the relationship between exposure to energy drink advertising and consumption. Logistic regressions were estimated of categories of energy drink consumption on individual characteristics, as well as exposure to energy drink advertising. Exposure to advertising is measured by reported viewing of channels high in energy drink advertising. Energy drink consumption in South Africa is higher among younger, wealthier males. Spending on energy drink advertising is mostly focused on television. Targeted channels include youth, sports and general interest channels. Viewers of channels targeted by energy drink advertisers have higher odds of any and moderate levels of energy drinks consumption. Copyright © 2017 Elsevier Inc. All rights reserved.

  18. Opening the gas market - Effects on energy consumption, energy prices and the environment and compensation measures; Marktoeffnung im Gasbereich

    Energy Technology Data Exchange (ETDEWEB)

    Dettli, R.; Signer, B.; Kaufmann, Y.

    2001-07-01

    This final report for the Swiss Federal Office of Energy (SFOE) examines the effects of a future liberalisation of the gas market in Switzerland. The report first examines the current situation of the gas supply industry in Switzerland. The contents of European Union Guidelines are described and their implementation in Switzerland is discussed. Experience already gained in other countries is looked at, including market opening already implemented in the USA and Great Britain. The effect of market-opening on gas prices is discussed; the various components of the gas price are examined and comparisons are made with international figures. The pressure of competition on the individual sectors of the gas industry are looked at and the perspectives in the gas purchasing market are examined. The report presents basic scenarios developed from these considerations. Further effects resulting from a market opening are discussed, including those on the structure of the gas industry, its participants, electricity generation, energy use and the environment, consumers in general, security of supply and the national economy. Possible compensatory measures are discussed and factors for increasing efficiency and the promotion of a competitive environment are discussed. In the appendix, two price scenarios are presented.

  19. Essentialities of Energy Market Liberalisation in Romania

    Directory of Open Access Journals (Sweden)

    Emilia Ungureanu

    2016-01-01

    Energy price liberalization in our country was a difficult process. Leaders of EU imposed onGovernment a pricing liberalization calendar with the mention that not respecting it, the country isobliged to pay substantial penalties.

  20. European Physical Society Conference on High Energy Physics 2015

    CERN Document Server

    2015-01-01

    The European Physical Society Conference on High Energy Physics, organized by the High Energy and Particle Physics Division of the European Physical Society, is a major international conference that reviews biennially since 1971 the state of our knowledge of the fundamental constituents of matter and their interactions. The latest conferences in this series were held in Stockholm, Grenoble, Krakow, Manchester, Lisbon, and Aachen. Jointly organized by the Institute of High Energy Physics of the Austrian Academy of Sciences, the University of Vienna, the Vienna University of Technology, and the Stefan Meyer Institute for Subatomic Physics of the Austrian Academy of Sciences, the 23rd edition of this conference took place in Vienna, Austria. Among the topics covered were Accelerators, Astroparticle Physics, Cosmology and Gravitation, Detector R&D; and Data Handling, Education and Outreach, Flavour Physics and Fundamental Symmetries, Heavy Ion Physics, Higgs and New Physics, Neutrino Physics, Non-Perturbative...

  1. 75 FR 57912 - Application To Export Electric Energy; Rainbow Energy Marketing Corporation

    Science.gov (United States)

    2010-09-23

    ... electric energy that Rainbow proposes to export to Mexico would be surplus energy purchased from electric... on the Rainbow application to export electric energy to Mexico should be clearly marked with Docket... Application To Export Electric Energy; Rainbow Energy Marketing Corporation AGENCY: Office of Electricity...

  2. Privatization and the globalization of energy markets

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-10-01

    This report reviews recent global efforts to privatize energy resources and outlines the opportunities and challenges privatization has presented to U.S. and foreign multinational energy companies. The group of energy companies studied in this report includes the major U.S. petroleum companies and many foreign companies. The foreign companies reviewed include state-run energy enterprises, recently privatized energy enterprises, and foreign multinationals that have been privately held. The privatization of non-petroleum energy industries, such as electricity generation and transmission, natural gas transmission, and coal mining, are also discussed. Overseas investments made by electric companies, natural gas companies, and coal companies are included. The report is organized into six chapters: (1) economics of privatization; (2) petroleum privatization efforts among non-U.S. Organization for Economic Cooperation and Development nations; (3) petroleum privatization efforts in Latin America; (4) privatization in socialist and former socialist regimes; (5) privatization efforts in global electric power generation, transmission, and distribution industries; and (6) privatization and globalization of world coal.

  3. What moves the European carbon market? Insights from conditional jump models

    Energy Technology Data Exchange (ETDEWEB)

    Gronwald, Marc; Ketterer, Janina [Munich Univ. (Germany). Ifo Institute - Leibniz Institute for Economic Research

    2012-04-15

    This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized. The jump- GARCH model explains the unsteady carbon price movement well and, moreover, shows that between 40 and 60 percent of the carbon price variance are triggered by jumps. Information regarding EUA supply and news from international carbon markets are identified as important drivers of these price spikes. These results can lead regulators the way if smoother carbon prices are desired.

  4. The Capital Market in the Context of the Integration within the European Union

    Directory of Open Access Journals (Sweden)

    Gabriela Anghelache

    2007-09-01

    Full Text Available This work is focusing on the main aspects concerning the present stage of the capital marketas well as on the perspective of its evolution after the adhesion to the European Union.After emphasizing the main characteristics, the material is analyzing the financial instruments market –Bucharest Stock Exchange, Monetary-Financial and Commodities Stock Exchange Sibiu, RASDAQ marketas well as the collective placement organisms.Finally, there are the main tendencies of the capital market which are pointed out.

  5. Consumers information activity on the polish food market vs. integration of Poland into the european union

    OpenAIRE

    Nestorowicz, R.

    2013-01-01

    Information asymmetry between consumers and manufacturers appears as an immanent feature of the food market, particularly in the functional and organic food segments. This article is to present the information activity of Polish consumers on the food market, with special focus on the mentioned segments. The analysis takes account of the impact European Union legislation and programs have on the manner food manufacturers communicate with consumers. Інформаційна асиметрія між споживачами і виро...

  6. Modeling energy market dynamics using discrete event system simulation

    Energy Technology Data Exchange (ETDEWEB)

    Gutierrez-Alcaraz, G. [Department of Electrical and Electronics Engineering, Instituto Tecnologico de Morelia, Av. Tecnologico 1500, Col. Lomas de Santiaguito 58120, Morelia Michoacan (Mexico); Sheble, G.B. [Department of Electrical and Computer Engineering, Portland State University, Portland, OR 97207-0751 (United States)

    2009-10-15

    This paper proposes the use of Discrete Event System Simulation to study the interactions among fuel and electricity markets and consumers, and the decision-making processes of fuel companies (FUELCOs), generation companies (GENCOs), and consumers in a simple artificial energy market. In reality, since markets can reach a stable equilibrium or fail, it is important to observe how they behave in a dynamic framework. We consider a Nash-Cournot model in which marketers are depicted as Nash-Cournot players that determine supply to meet end-use consumption. Detailed engineering considerations such as transportation network flows are omitted, because the focus is upon the selection and use of appropriate market models to provide answers to policy questions. (author)

  7. Security of supply and retail competition in the European gas market

    Energy Technology Data Exchange (ETDEWEB)

    Abada, Ibrahim, E-mail: ibrahim.abada@polytechnique.edu [IFP Energies nouvelles, 1 et 4 avenue de Bois Preau, 92852 Rueil-Malmaison (France); EDF Research and Development, 1 avenue du General de Gaulle, 92140 Clamart (France); EconomiX-CNRS, University of Paris Ouest (France); Massol, Olivier, E-mail: olivier.massol@ifpen.fr [Center for Economics and Management, IFP School, 228-232 av. Napoleon Bonaparte, 92852 Rueil-Malmaison (France); Department of Economics, City University London, Northampton Square, London EC1V 0HB (United Kingdom)

    2011-07-15

    In this paper, we analyze the impact of uncertain disruptions in gas supply upon gas retailer contracting behavior and consequent price and welfare implications in a gas market characterized by long-term gas contracts using a static Cournot model. In order to most realistically describe the economical situation, our representation divides the market into two stages: the upstream market that links, by means of long-term contracts, producers in exporting countries (Russia, Algeria, etc.) to local retailers who bring gas to the consuming countries to satisfy local demands in the downstream market. Disruption costs are modeled using short-run demand functions. First we mathematically develop a general model and write the associated KKT conditions, then we propose some case studies, under iso-elasticity assumptions, for the long-short-run inverse-demand curves in order to predict qualitatively and quantitatively the impacts of supply disruptions on Western European gas trade. In the second part, we study in detail the German gas market of the 1980s to explain the supply choices of the German retailer, and we derive interesting conclusions and insights concerning the amounts and prices of natural gas brought to the market. The last part of the paper is dedicated to a study of the Bulgarian gas market, which is greatly dependent on the Russian gas supplies and hence very sensitive to interruption risks. Some interesting conclusions are derived concerning the necessity to economically regulate the market, by means of gas amounts control, if the disruption probability is high enough. - Highlights: > We model retail competition using a Nash-Cournot framework. > Risk-neutral retailers decide their import policy among a set of risky producers. > Case 1: the German gas trade of the 1980s to understand the gas sources' choices. > Case 2: the current Bulgarian gas trade to study the market properties. > Conclusions about the market regulation for welfare optimization reasons.

  8. An ever-closer union? Examining the evolution of linkages of European equity markets via minimum spanning trees

    Science.gov (United States)

    Gilmore, Claire G.; Lucey, Brian M.; Boscia, Marian

    2008-11-01

    The concept of a minimum spanning tree (MST) is used to study the process of comovements for 21 European Union stock market indices. We show how the minimum spanning tree and its related hierarchical tree evolve over time and describe the dynamics. Over the period studied, 1999-2006, the French equity market provides the main linkages in the system. The 2004 Accession states are more loosely connected to the other markets; they form two groupings, with the Czech Republic, Hungary, and Poland having tighter links to the main markets than the remaining Accession markets. Shorter distances between markets indicate a potential reduction of the benefits of international portfolio diversification in European markets, with the possible exception of those markets at the outer limits of the MST.

  9. 78 FR 40473 - Plainfield Renewable Energy, LLC; Supplemental Notice That Initial Market-Based Rate Filing...

    Science.gov (United States)

    2013-07-05

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Plainfield Renewable Energy, LLC; Supplemental Notice That Initial Market... in the above-referenced proceeding, of Plainfield Renewable Energy, LLC's application for market...

  10. Buildings Energy Performance in a Market Comparison Approach

    Directory of Open Access Journals (Sweden)

    Manuela De Ruggiero

    2017-02-01

    Full Text Available The current regulations on the energy certification of buildings represent for the real estate market and the building sector a real cultural revolution. In recent years, the focus on the energy efficiency of buildings has grown exponentially. It is therefore necessary that the property valuations and methodologies used for this purpose bear in mind the energy quality of buildings. This study aims to determine the contribution of an energy performance feature to the real estate property value. This information can help, on the one hand, to understand the energy savings and the corresponding savings income in the property management and, on the other, to control the air pollution from CO2 emission reduction. The energy performance hedonic price and the CO2 emission price are appraised in the Market Comparison Approach (MCA.

  11. Energy Relations between the European Union and North Africa

    Directory of Open Access Journals (Sweden)

    Sarah Kilpeläinen

    2013-06-01

    Full Text Available This article discusses European Union (EU-North Africa energy relations with a special focus on renewables in North Africa, arguing that the research so far has not taken due account of North African perceptions of EU external energy policy. It is argued that current research on EU-North African relations has not taken sufficient note of the multidimensionality of energy or addressed the inconsistent nature of EU policy making. However, addressing these issues is vital in approaching EU-North Africa energy relations and EU policy towards North Africa in general. The study of perceptions is introduced as one way to develop research further, to give further impetus on understanding how EU-North African energy relations develop and to understand energy relations in their complexity.

  12. What energy policy for the European Union?; Quelle politique de l'energie pour l'Union europeenne?

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    The energy question is becoming ever more important. Proper management of energy resources is a strategic challenge that will determine our economic development and even the preservation of our way of life. Looking further into the future, failure to grasp energy-related problems could be seriously prejudicial to the future of our planet (global warming). Because of the rise in prices of fossil fuels resulting from the gradual exhaustion of resources and the political instability reigning in the principal production zones, the disputes over gas between Russia and certain former Soviet republics, massive electricity blackouts, etc, public opinion is now particularly sensitive to these new threats and is looking to decision-makers, at both national and European level, to draw up policies capable of responding to these concerns. Over the past two years, European institutions have in fact taken an increasing number of initiatives in the energy field. This work has, in particular, identified the following three major objectives: - combating global warming, which implies the definition of an energy mix compatible with environmental constraints (reduction in emissions of greenhouse gases), - ensuring security of supply, an ever-growing concern, given the growing dependency of EU Member States on imports of energy, and - safeguarding the competitiveness of the European economy. Despite this work, the only tangible achievement in the energy field in Europe, and one that is still incomplete, concerns the liberalisation of the gas and electricity markets. Apart from the fact that this policy is sometimes badly perceived by European populations, being regarded as responsible for the current rise in prices, Europe cannot be satisfied with tackling just this aspect of affairs. In this respect, energy provides an opportunity to re-launch the construction of Europe both internally (drawing up of a joint agreement regarding energy options, R and D programmes, energy saving, etc

  13. Current State of the Voluntary Renewable Energy Market (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, J.

    2013-09-01

    This presentation highlights the status of the voluntary green power market in 2012. The voluntary green power market totaled more than 48 million MWh in 2012, with about 1.9 million customers participating. The supply continues to be dominated by wind, though solar is increasing its share of utility green pricing programs. Prices for voluntary renewable energy certificates (RECs) increased to above $1/MWh.

  14. Formulation of market strategies for Integrated Community Energy Systems (ICES)

    Energy Technology Data Exchange (ETDEWEB)

    None

    1978-04-01

    The ANL Energy and Environmental Systems Division has undertaken studies of implementation mechanisms and commercialization prospects for ''integrated community energy systems.'' Real Estate Research Corp. was commissioned to formulate marketing strategies appropriate to the implementation of ICES in the U.S. Objectives of this assignment are to: assist ICES program managers in formulating market strategies for the acceptance and widespread application of ICES systems; provide sufficient background information on the processes of development so that marketing strategies can be suitably tailored to particular concerns and characteristics of development projects; establish an information system for identifying areas, subareas, sites, or projects with substantial growth and development activity, as potential candidates for the application of ICES; test the information system to determine its potential usefulness for identifying candidate sites; and provide recommendations on strategies and techniques that might be used in a comprehensive marketing program for application of ICES systems. Chapter 2 presents information on the development process, which is used as a framework for other elements of the report. The project information system for identifying candidate projects for ICES applications is described in Chapter 3, and that system is subjected to a limited test and evaluation in Chapter 4. Description of the characteristics of development process appears in Chapter 5, and discussion of the formulation of marketing strategies in Chapter 6, and presentation of marketing techniques as part of an ICES marketing program in Chapter 7.

  15. Methodology of investment effectiveness evaluation in the local energy market

    Energy Technology Data Exchange (ETDEWEB)

    Kamrat, W.

    1999-07-01

    The paper presents issues of investment effectiveness evaluation in the local energy market. Results of research presented in the paper are mainly proposing a concept of a methodology which allows the evaluation of investment processes in regional power markets at the decision-making stage. In this respect, selecting a rational investment strategy is an important stage of the entire investment process. In view of criteria of various nature, the construction of a methodology of investment effectiveness bears an especially important meaning for a local decision-maker or investor. It is of particular significance to countries that are undergoing a transition from a centrally planned economy to a market economy. (orig.)

  16. Geothermal energy market potential in industrial processing

    Energy Technology Data Exchange (ETDEWEB)

    Schultz, R.J.; Hanny, J.A.; Knuth, W.H.

    1978-11-01

    Geothermal energy is currently being used for a number of industrial processes in countries throughout the world. Its application in the United States is mainly limited to space heating even though the temperature of the geothermal fluid is sufficient for process uses, and could be sold at attractive prices while maintaining a high return on investment. The temperature span for industrial use ranges from 40 to 275/sup 0/C, thus encompassing both the abundant low temperature and the less available high temperature resources. Hydrothermal fluids can be used either directly or indirectly dependent upon fluid quality and process needs. The barriers facing hydrothermal industrial process development are (a) the development infrastructure does not exist, (b) energy users are not aware of hydrothermal energy and its advantages, (c) federal incentives are limited, (d) resources are not fully defined.

  17. Brazilian energy: privatisation and the market

    Energy Technology Data Exchange (ETDEWEB)

    O`Shaughnessy, H.

    1997-04-01

    The report provides all the information necessary for energy companies to invest and operate in Brazil, including: a review of Brazil`s natural resources; an assessment of privatisation strategies at the federal, state and regional level; an analysis of the electricity industry and the future for Electrobras; an analysis of the oil industry and, in particular, Petrobras; a discussion of the fuel alcohol industry; the discovery of local natural gas, its prospects and the involvement of the auto industry; an assessment of the problems facing the coal industry and its future; a discussion of the regulatory framework for the newly privatised companies; the importance of intra-regional energy links and the booming membership of Mercosur; the difficulties experienced by foreign investors doing business in Brazil; brief profiles of the key energy companies; and profiles of key people influencing the privatisation process in Brazil.

  18. Redefining RECs: Additionality in the voluntary Renewable Energy Certificate market

    Science.gov (United States)

    Gillenwater, Michael Wayne

    In the United States, electricity consumers are told that they can "buy" electricity from renewable energy projects, versus fossil fuel-fired facilities, through participation in a voluntary green power program. The marketing messages communicate to consumers that their participation and premium payments for a green label will cause additional renewable energy generation and thereby allow them to claim they consume electricity that is absent pollution as well as reduce pollutant emissions. Renewable Energy Certificates (RECs) and wind energy are the basis for the majority of the voluntary green power market in the United States. This dissertation addresses the question: Do project developers respond to the voluntary REC market in the United States by altering their decisions to invest in wind turbines? This question is investigated by modeling and probabilistically quantifying the effect of the voluntary REC market on a representative wind power investor in the United States using data from formal expert elicitations of active participants in the industry. It is further explored by comparing the distribution of a sample of wind power projects supplying the voluntary green power market in the United States against an economic viability model that incorporates geographic factors. This dissertation contributes the first quantitative analysis of the effect of the voluntary REC market on project investment. It is found that 1) RECs should be not treated as equivalent to emission offset credits, 2) there is no clearly credible role for voluntary market RECs in emissions trading markets without dramatic restructuring of one or both markets and the environmental commodities they trade, and 3) the use of RECs in entity-level GHG emissions accounting (i.e., "carbon footprinting") leads to double counting of emissions and therefore is not justified. The impotence of the voluntary REC market was, at least in part, due to the small magnitude of the REC price signal and lack of

  19. Operations Optimization of Hybrid Energy Systems under Variable Markets

    Energy Technology Data Exchange (ETDEWEB)

    Chen, Jun; Garcia, Humberto E.

    2016-07-01

    Hybrid energy systems (HES) have been proposed to be an important element to enable increasing penetration of clean energy. This paper investigates the operations flexibility of HES, and develops a methodology for operations optimization to maximize its economic value based on predicted renewable generation and market information. The proposed operations optimizer allows systematic control of energy conversion for maximal economic value, and is illustrated by numerical results.

  20. Marketing energy conservation options to Northwest manufactured home buyers

    Energy Technology Data Exchange (ETDEWEB)

    Hendrickson, P.L.; Mohler, B.L.; Taylor, Z.T.; Lee, A.D.; Onisko, S.A.

    1985-06-01

    This study relies on extensive, existing survey data and new analyses to develop information that would help design a marketing plan to achieve energy conservation in new manufactured homes. Existing surveys present comprehensive information about regional manufactured home occupants and their homes that are relevant to a potential conservation marketing plan. An independent analysis of the cost-effectiveness of various efficiency improvements provides background information for designing a marketing plan. This analysis focuses on the economic impacts of alternative energy conservation options as perceived by the home owner. Identifying impediments to conservation investments is also very important in designing a marketing plan. A recent report suggests that financial constraints and the need for better information and knowledge about conservation pose the major conservation investment barriers. Since loan interest rates for new manufactured homes typically exceed site-built rates by a considerable amount and the buyers tend to have lower incomes, the economics of manufactured home conservation investments are likely to significantly influence their viability. Conservation information and its presentation directly influences the manufactured home buyer's decision. A marketing plan should address these impediments and their implications very clearly. Dealers express a belief that consumer satisfaction is the major advantage to selling energy efficient manufactured homes. This suggests that targeting dealers in a marketing plan and providing them direct information on consumers' indicated attitudes may be important. 74 refs.

  1. R&D Intensive Goods Trade and Competitiveness of Turkey in the European Union Market

    OpenAIRE

    Dilek Seymen; Baþak Gümüþtekin

    2012-01-01

    This paper aims to measure trade competitiveness of Research and Development (R&D) intensive goods of Turkey in the European Union (EU) market, using different trade indices. Concentration Ratio (Michaely, 1958), Export-Import Commodity Composition Index (Muscatelli, 1991), Intra-Industry Trade Index (Grubel, Lloyd, 1971) and Sectoral-Bilateral Trade Intensity Ratios (Seymen, 2009) are calculated to analyze the technology composition of manufacturing goods trade between Turkey and the EU27. R...

  2. Market manipulation challenges and responses in the United Kingdom, European Union and the United States

    OpenAIRE

    Ryder, N.

    2017-01-01

    As a response to the financial crisis the European Union (EU), the United States of America (USA) and the United Kingdom (UK) have increasingly focused on the phenomenon of white-collar crime as one of the major causes of the financial crisis. While recent studies have mainly surveyed weak banking regulation, weak credit regulation, inappropriate lending practices and the economic policies of nation states, this paper seeks to investigate the impact of market abuse and insider trading – under...

  3. Commercial aquaponics approaching the European market: to consumers' perceptions of aquaponics products in Europe

    OpenAIRE

    Miličić, Vesna; Thorarinsdottir, Ragnheidur; Dos Santos, Maria; Turnšek, Maja

    2017-01-01

    The first commercial aquaponics companies are starting up in Europe. The main focus has been on solving technology issues and optimizing production. However, increasing attention is now being paid to certification and regulations linked to aquaponics, as well as the marketing of products and services. The paper presents the results of a study whose main aim was to estimate consumers’ knowledge about aquaponics and their acceptance of aquaponics products in different European regions. An on-li...

  4. Commercial aquaponics approaching the european market: to consumers’ perceptions of aquaponics products in europe

    OpenAIRE

    Miličić, Vesna; Thorarinsdottir, Ragnheidur; Santos, Maria José Palma Lampreia dos; Hančič, Maja Turnšek

    2017-01-01

    The first commercial aquaponics companies are starting up in Europe. The main focus has been on solving technology issues and optimizing production. However, increasing attention is now being paid to certification and regulations linked to aquaponics, as well as the marketing of products and services. The paper presents the results of a study whose main aim was to estimate consumers’ knowledge about aquaponics and their acceptance of aquaponics products in different European regions. An on-li...

  5. Hierarchical energy management mechanisms for an electricity market with microgrids

    Directory of Open Access Journals (Sweden)

    Hong-Tzer Yang

    2014-08-01

    Full Text Available This study addresses a micro-grid electricity market (MGEM with day-ahead (DA and real-time market mechanisms integrated. The bidding mechanisms for the market are described in this study, considering the generation cost of different distributed energy resources (DERs, like distributed generator, energy storage system and demand response. Including load and renewable generation forecasting systems and a fuzzy decision supporting system, a hierarchical micro-grid energy management system (MG-EMS is then proposed to ensure the benefits of involved micro-grid central controller, DER owners and customers. To verify the feasibility of the proposed system, the whole-year historical pricing and load data for New England independent system operator are employed. The numerical results show that the proposed MG-EMS is promising and effective for the operations of MGEM.

  6. Energy disclosure, market behavior, and the building data ecosystem.

    Science.gov (United States)

    Kontokosta, Constantine E

    2013-08-01

    Energy disclosure laws represent one of the most promising public policy tools to accelerate market transformation around building energy efficiency. For this type of information to have an impact on market behavior, it must be collected, analyzed, and disseminated to support the decision-making processes of each end user and influence both the producers and consumers of building performance data. This paper explores the significance of energy disclosure requirements and outlines a framework for utilizing these new sources of transparent, publicly available information. It presents the mechanisms by which information can alter market behavior in the commercial real estate sector and develops a wiring diagram for the flows of information through the building data ecosystem. It concludes with a discussion of the motivations, metrics, and constraints faced by the various stakeholders in the ecosystem and how these factors influence investment decision models. © 2013 New York Academy of Sciences.

  7. ORGANIC PRODUCTS, CONSUMER BEHAVIOR ON MARKET AND EUROPEAN ORGANIC PRODUCT MARKET SITUATION

    Directory of Open Access Journals (Sweden)

    Marcela Chreneková

    2011-07-01

    Full Text Available Normal 0 21 false false false MicrosoftInternetExplorer4 The market of organic products around the world increased its volume in Central and Eastern Europe with organic food market has a number of shared features, which include the relatively low demand for organic food, low share of regular customers, the problems of producers marketing, the lack of enterprises which process organic products. Consumer behavior purchasing organic foods is influenced by several factors, among which is dominated consumer personality, income, finances and lifestyle, as well as psychological factors such as perception, motivation, learning, cognition and attitudes. Cultural and social factors in consumer behavior exhibit a lesser degree. Organic fruit and organic vegetables quality is generally higher for content of biologically active substances such as vitamins, polyphenols and flavonoids. The content of pesticide residues in organic food is significantly lower than conventional production. Regular monitoring of chemical and microbiological safety of organic products already in the primary production occurring in the raw state and after working in various sectors of food, an intensification of awareness raising and targeted increased support for organic agriculture. Multifunctional sector and increased support for family farms oriented for sectors with higher added value than the home sale, production processing on the farm and so on. By support of the sale of high quality domestic production by the state will be possible to persuade more people to personal health status and greater consumption of organic food  affects the health and prevent the occurrence of various diseases.doi:10.5219/96  

  8. Performance Contracting and Energy Efficiency in the State Government Market

    Energy Technology Data Exchange (ETDEWEB)

    Bharvirkar, Ranjit; Goldman, Charles; Gilligan, Donald; Singer, Terry E.; Birr, David; Donahue, Patricia; Serota, Scott

    2008-11-14

    There is growing interest in energy efficiency (EE) among state policymakers as a result of increasing environmental concerns, rising electricity and natural gas prices, and lean economic times that motivate states to look more aggressively for cost-saving opportunities in public sector buildings. One logical place for state policymakers to demonstrate their commitment to energy efficiency is to 'lead by example' by developing and implementing strategies to reduce the energy consumption of state government facilities through investments in energy efficient technologies. Traditionally, energy efficiency improvements at state government facilities are viewed as a subset in the general category of building maintenance and construction. These projects are typically funded through direct appropriations. However, energy efficiency projects are often delayed or reduced in scope whereby not all cost-effective measures are implemented because many states have tight capital budgets. Energy Savings Performance Contracting (ESPC) offers a potentially useful strategy for state program and facility managers to proactively finance and develop energy efficiency projects. In an ESPC project, Energy Service Companies (ESCOs) typically guarantee that the energy and cost savings produced by the project will equal or exceed all costs associated with implementing the project over the term of the contract. ESCOs typically provide turnkey design, installation, and maintenance services and also help arrange project financing. Between 1990 and 2006, U.S. ESCOs reported market activity of {approx}$28 Billion, with about {approx}75-80% of that activity concentrated in the institutional markets (K-12 schools, colleges/universities, state/local/federal government and hospitals). In this study, we review the magnitude of energy efficiency investment in state facilities and identify 'best practices' while employing performance contracting in the state government sector. The

  9. Challenges of the European Union Social Market Economy in the Human Resource Management Paradigm

    Directory of Open Access Journals (Sweden)

    Liudmila Lobanova

    2014-03-01

    Full Text Available Peculiarities of European human resource management models are determined by the specifics of EU integration, development and enlargement processes that are centred on implementation of the social model in the development of the social market economy in the European continent under conditions of intensified cohesion processes. The article reveals the impact of the changing environmen and factors determining the transformation of human resource management models on historic evolution of approches to management of people. In addition, it determines links between transformation of human resource management models and the EU development stages as well as proposes guidelines for the development of promising socially centred human resource management models in response to challenges faced by the European social model under the conditions of cohesion processes. The conceptual study is performed using literature analysis and synthesis, theoretical modelling, metaanalysis and interpretation techniques. Insights were drafted using the systemic holistic approach and graphic modelling.

  10. Market Mechanism Design for Renewable Energy based on Risk Theory

    Science.gov (United States)

    Yang, Wu; Bo, Wang; Jichun, Liu; Wenjiao, Zai; Pingliang, Zeng; Haobo, Shi

    2018-02-01

    Generation trading between renewable energy and thermal power is an efficient market means for transforming supply structure of electric power into sustainable development pattern. But the trading is hampered by the output fluctuations of renewable energy and the cost differences between renewable energy and thermal power at present. In this paper, the external environmental cost (EEC) is defined and the EEC is introduced into the generation cost. At same time, the incentive functions of renewable energy and low-emission thermal power are designed, which are decreasing functions of EEC. On these bases, for the market risks caused by the random variability of EEC, the decision-making model of generation trading between renewable energy and thermal power is constructed according to the risk theory. The feasibility and effectiveness of the proposed model are verified by simulation results.

  11. HiPER: The European path to laser energy

    Directory of Open Access Journals (Sweden)

    Edwards Chris

    2013-11-01

    Full Text Available While for decades, energy production relying on laser inertial fusion has been a strong motivation for the development in Europe of a few high-energy laser facilities and dedicated scientific programs, the HiPER initiative launched in 2004 fostered an ambitious large-scale coordinated European program toward inertial fusion energy. Anticipating the successful demonstration of fusion ignition and gain at the National Ignition Facility (NIF in the USA, scientists and engineers from across Europe are developing the case for a next generation laser fusion facility, HiPER, to be constructed in Europe. The single-facility build strategy of HiPER (High Power Laser Energy Research Facility aims at first demonstrating some key elements of a fusion reactor in a high rep-rate few-second cycle mode, before addressing energy production on a high rep-rate continuous mode in a second area.

  12. North European Understanding of Zero Energy/Emission Buildings

    DEFF Research Database (Denmark)

    Marszal, Anna Joanna; Bourrelle, Julien S.; Nieminen, Jyri

    2010-01-01

    countries are still to adopt a national definition for these types of buildings. This results often in more than one understanding of ZEBs in each country. This study provides a concise source of information on the north European understanding of zero energy/emission buildings. It puts forward a number......The worldwide CO2 emission mitigation efforts, the growing energy resource shortage and the fact that buildings are responsible for a large share of the world’s primary energy use drives research towards new building concepts, in particular Zero Energy/Emission Buildings (ZEBs). Unfortunately...... may observe a correlation between the zero energy/emission building approach adopted by a country and this particular country’s utility grid characteristics. Moreover, it is to be noted that the ZEB concept is not well defined at the national level in northern Europe and that all of the participating...

  13. The stoma appliances market in five European countries: a comparative analysis.

    Science.gov (United States)

    Cornago, Dante; Garattini, Livio

    2002-01-01

    This comparative exercise analysed the domestic market for stoma appliances in five European countries--Denmark, France, Germany, Italy and the United Kingdom. National legislation, prescription procedures, delivery modalities and the market were investigated in each country. The analysis involved reviewing national and international literature on stoma appliances and interviewing a selected expert panel of market operators in each country comprising at least one health authority representative, one distributor of medical devices and one manufacturer. No specific relationship was found between the health care system framework and the stoma market, except for a greater inclination towards home care in national health services. All five countries reimburse stoma bags, but the distribution of these appliances varies widely, ranging from Denmark, where home delivery is mandatory, to Italy, where any channel can be used. The comparative analysis underlined two important features of the stoma bag market: the discretion of enterostomists in directing patients towards a specific brand of bags, and the patients' high brand loyalty. Despite that, the analysis did not identify any single country that could be considered a benchmark for stoma bag regulation. Each country deals with stoma appliances in different ways, making this a very fragmented market.

  14. Literature review of market studies of thermal energy storage

    Energy Technology Data Exchange (ETDEWEB)

    Hattrup, M.P.

    1988-02-01

    This report presents the results of a review of market studies of thermal energy storage (TES). This project was conducted by Pacific Northwest Laboratory (PNL) for the US Department of Energy (DOE). PNL staff reviewed and consolidated the findings of existing TES market studies conducted in the industrial, commercial, and residential sectors. The purpose of this project was to review and assess previous work and to use the information obtained to help provide direction for future technology transfer planning activities and to identify additional economic research needed within those three sectors. 37 refs.

  15. Market and Policy Barriers to Energy Storage Deployment

    Energy Technology Data Exchange (ETDEWEB)

    Bhatnagar, Dhruv [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Currier, Aileen [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Hernandez, Jacquelynne [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Ma, Ookie [Dept. of Energy (DOE), Washington DC (United States) Office of Energy Efficiency and Renewable Energy; Kirby, Brendan [Consultant

    2013-09-01

    Electric energy storage technologies can provide numerous grid services; there are a number of factors that restrict their current deployment. The most significant barrier to deployment is high capital costs, though several recent deployments indicate that capital costs are decreasing and energy storage may be the preferred economic alternative in certain situations. However, a number of other market and regulatory barriers persist, limiting further deployment. These barriers can be categorized into regulatory barriers, market (economic) barriers, utility and developer business model barriers, cross-cutting barriers and technology barriers.

  16. Liberalisation of the European Electricity Industry: Internal Market or National Champions?

    Energy Technology Data Exchange (ETDEWEB)

    Domanico, F.

    2007-07-01

    This article offers an analysis of the present competitive and regulatory framework of the European electricity sector. Considering the complexity of this industry, the focus in this work is mainly on the problem of market concentration of incumbents in the sector as a result of the liberalisation process. The new trend toward the creation of ''national champions'' as well as recent mergers between gas suppliers and electricity producers raised serious concerns about abuses of market power and risks of future collusion. Taking account of investment in interconnection as well as other international and regional experiences, the internal market issue is investigated as the solution to the''risks'' from liberalisation. (auth)

  17. Trading in the downstream European gas market. A successive oligopoly approach

    Energy Technology Data Exchange (ETDEWEB)

    Boots, M.G. [ECN Policy Studies, Petten (Netherlands); Rijkers, F.A.M. [Office of Energy Regulation DTe, Den Haag (Netherlands); Hobbs, B.F. [Whiting School of Engineering, Johns Hopkins University, Baltimore, MD (United States)

    2005-01-01

    A model of successive oligopoly is applied to the European natural gas market. The model has a two-level structure, in which Cournot producers are also Stackelberg leaders with respect to traders, who may be Cournot oligopolists or price takers. Several conclusions emerge. First, successive oligopoly (''double marginalization'') yields higher prices and lower consumer welfare than if oligopoly exists only on one level. Second, due to the high concentration of traders, prices are distorted more by market power in trading than in production. Third, trader profits depend on whether producers can price discriminate among consuming sectors; if so, producers collect a greater share of the profits. Finally, when traders increase in number, prices approach competitive levels. Thus, it is important to prevent concentration in the downstream gas market. If oligopolistic trading cannot be prevented, vertical integration should not be discouraged, especially if it would increase the number of traders.

  18. Essays on U.S. energy markets

    Science.gov (United States)

    Brightwell, David A.

    2008-04-01

    This dissertation examines three facets of U.S. energy use and policy. First, I examine the Gulf Coast petroleum refining industry to determine the structure of the industry. Using the duality between cost-minimization and production functions, I estimate the demand for labor to determine the underlying production function. The results indicate that refineries have become more capital intensive due to the relative price increase of labor. The industry has consolidated in response to higher labor costs and costs of environmental compliance. Next, I examine oil production in the United States. An empirical model based on the theoretical framework of Pindyck is used to estimate production. This model differs from previous research by using state level data rather than national level data. The results indicate that the production elasticity with respect to reserves and the price elasticity of supply are both inelastic in the long run. The implication of these findings is that policies designed to increase domestic production through subsidies, tax breaks, or royalty reductions will likely provide little additional oil. We simulate production under three scenarios. In the most extreme scenario, prices double between 2005 and 2030 while reserves increase by 50%. Under this scenario, oil production in 2030 is approximately the same as the 2005 level. The third essay estimates demand for fossil fuels in the U.S. and uses these estimates to forecast CO2 emissions. The results indicate that there is almost no substitution from one fossil fuel to another and that all three fossil fuels are inelastic in the long run. Additionally, all three fuels respond differently to changes in GDP. The result of the differing elasticities with respect to GDP is that the energy mix has changed over time. The implication for forecasting CO2 emissions is that models that cannot distinguish changes in the energy mix are not effective in forecasting CO2 emissions.

  19. 75 FR 5782 - Noble Energy Marketing and Trade Corporation; Supplemental Notice That Initial Market-Based Rate...

    Science.gov (United States)

    2010-02-04

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Noble Energy Marketing and Trade Corporation; Supplemental Notice That.... This is a supplemental notice in the above-referenced proceeding of Noble Energy Marketing and Trade...

  20. About the development strategies of power plant in energy market

    Science.gov (United States)

    Duinea, Adelaida Mihaela

    2017-12-01

    The paper aims at identifying and assessing the revenues and costs incurred by various modernization and modernization-development strategies for a power plant in order to optimize the electric and thermal energy are produced and to conduct a sensitivity analysis of the main performance indicators. The Romanian energy system and the energy market have gone a long transition way, from the vertically integrated model, the responsibility for the delivery of the electricity comes exclusively to a state monopoly, to a decentralized system, characterized by the decentralization of production and transport, respectively distribution activities. Romania chose the liberal market model where the relations between the actors in the market - producers and suppliers free to make sales and purchase transactions for electrical energy - are mostly governed by contracts, which may be either bilaterally negotiated or are already regulated. Therefore, the importance of understanding the development trend of the Romanian energy market lies in its economic effects upon the solutions which could be adopted for the evolution of the cogeneration power plant in question.

  1. Analysis and modelling of the fuels european market; Analyse et modelisation des prix des produits petroliers combustibles en europe

    Energy Technology Data Exchange (ETDEWEB)

    Simon, V

    1999-04-01

    The research focus on the European fuel market prices referring to the Rotterdam and Genoa spot markets as well the German, Italian and French domestic markets. The thesis try to explain the impact of the London IPE future market on spot prices too. The mainstream research has demonstrated that co-integration seems to be the best theoretical approach to investigate the long run equilibrium relations. A particular attention will be devoted to the structural change in the econometric modelling on these equilibriums. A deep analysis of the main European petroleum products markets permit a better model specification concerning each of these markets. Further, we will test if any evidence of relations between spot and domestic prices could be confirmed. Finally, alternative scenarios will be depicted to forecast prices in the petroleum products markets. The objective is to observe the model reaction to changes crude oil prices. (author)

  2. ENERGY ECONOMICS AND POLICY OF RENEWABLE ENERGY SOURCES IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Wadim Strielkowski

    2013-10-01

    Full Text Available European Union adapted the policy of reducing its carbon footprint and embarked on the journey to shift to renewable energy sources in the early 1990s. The whole process started with implementations of binding rules that set up indicative targets for the EU Member States. However, this process had to go hand in hand with high energy costs charged to the consumers. This paper defines various types of renewable sources in the EU and analyses European legislation on renewable energy sources. In addition, it deals with the current situation regarding the energy policies in the European Union and outlines its main criticisms and prospects. The results and conclusions might be of some value for EU main energy providers as well as for the EU partners in the world.

  3. Forecasting day ahead electricity spot prices: The impact of the EXAA to other European electricity markets

    OpenAIRE

    Ziel, Florian; Steinert, Rick; Husmann, Sven

    2015-01-01

    In our paper we analyze the relationship between the day-ahead electricity price of the Energy Exchange Austria (EXAA) and other day-ahead electricity prices in Europe. We focus on markets, which settle their prices after the EXAA, which enables traders to include the EXAA price into their calculations. For each market we employ econometric models to incorporate the EXAA price and compare them with their counterparts without the price of the Austrian exchange. By employing a forecasting study...

  4. European Union and the formation of its initiative in energy minerals

    Energy Technology Data Exchange (ETDEWEB)

    Sivek, Martin [Institute of Geological Engineering, Faculty of Mining and Geology, VSB - Technical University of Ostrava, 17, Listopadu 15/2172, 708 33 Ostrava (Czech Republic); Kavina, Pavel [Department of Energy Security, Ministry of Industry and Trade of the Czech Republic (Czech Republic); Jirasek, Jakub, E-mail: jakub.jirasek@vsb.cz [Institute of Geological Engineering, Faculty of Mining and Geology, VSB - Technical University of Ostrava, 17, Listopadu 15/2172, 708 33 Ostrava (Czech Republic)

    2011-09-15

    In November 2008, the European Union adopted 'The raw materials initiative - meeting our critical needs for growth and jobs in Europe', dealing especially with ensuring the future needs of metallic and non-metallic raw materials for EU member state economies. After years of hesitation, this may undoubtedly be considered a very progressive step. The article lists the most relevant reasons why the EU should promptly proceed to the discussion and preparation of a similar material of higher legal force for energy minerals. Basic problem areas of forming a political platform for the preparation of the EU energy initiative include the exploitation of domestic energy raw material deposits, raw materials diplomacy, and the matter of renewable sources. - Highlights: > EU27 faces an essential problem of energy dependency. > Present EU policy is focused on renewable energy sources, energy markets, and networks. > Less attention is paid to domestic energy minerals deposits and energy diplomacy. > Authors call for a political platform for the EU energy initiative formulation. > Reliable, uninterrupted, and 'cheap' energy supply secure competitive ability.

  5. Oral bioaccessibility of toxic and essential elements in raw and cooked commercial seafood species available in European markets

    NARCIS (Netherlands)

    Alves, Ricardo N.; Maulvault, Ana L.; Barbosa, Vera L.; Fernandez-Tejedor, Margarita; Tediosi, Alice; Kotterman, Michiel; Heuvel, van den Fredericus H.M.; Robbens, Johan; Fernandes, José O.; Romme Rasmussen, Rie; Sloth, Jens J.; Marques, António

    2017-01-01

    The oral bioaccessibility of several essential and toxic elements was investigated in raw and cooked commercially available seafood species from European markets. Bioaccessibility varied between seafood species and elements. Methylmercury bioaccessibility varied between 10 (octopus) and 60%

  6. Market penetration analysis for direct heat geothermal energy applications

    Energy Technology Data Exchange (ETDEWEB)

    Thomas, R.J.; Nelson, R.A.

    1981-06-01

    This study is concerned with the estimation of the National geothermal market potential and penetration in direct heat applications for residences and certain industry segments. An important aspect of this study is that the analysis considers both known and anticipated goethermal resources. This allows for an estimation of the longer-range potential for geothermal applications. Thus the approach and results of this study provide new insights and valuable information not obtained from more limited, site-specific types of analyses. Estimates made in this study track geothermal market potential and projected penetration from the present to the year 2020. Private sector commercialization of geothermal energy over this period requires assistance in the identification of markets and market sizes, potential users, and appropriate technical applications.

  7. Commercial Building Energy Asset Rating Program -- Market Research

    Energy Technology Data Exchange (ETDEWEB)

    McCabe, Molly J.; Wang, Na

    2012-04-19

    Under contract to Pacific Northwest National Laboratory, HaydenTanner, LLC conducted an in-depth analysis of the potential market value of a commercial building energy asset rating program for the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy. The market research objectives were to: (1) Evaluate market interest and need for a program and tool to offer asset rating and rapidly identify potential energy efficiency measures for the commercial building sector. (2) Identify key input variables and asset rating outputs that would facilitate increased investment in energy efficiency. (3) Assess best practices and lessons learned from existing national and international energy rating programs. (4) Identify core messaging to motivate owners, investors, financiers, and others in the real estate sector to adopt a voluntary asset rating program and, as a consequence, deploy high-performance strategies and technologies across new and existing buildings. (5) Identify leverage factors and incentives that facilitate increased investment in these buildings. To meet these objectives, work consisted of a review of the relevant literature, examination of existing and emergent asset and operational rating systems, interviews with industry stakeholders, and an evaluation of the value implication of an asset label on asset valuation. This report documents the analysis methodology and findings, conclusion, and recommendations. Its intent is to support and inform the DOE Office of Energy Efficiency and Renewable Energy on the market need and potential value impacts of an asset labeling and diagnostic tool to encourage high-performance new buildings and building efficiency retrofit projects.

  8. Procurement for market transformation for energy-efficient products. A study under the SAVE-programme[SAVE = Specific Actions for Vigorous Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-07-01

    This report summarises the findings from the SAVE study, 'Procurement for Market Transformation for Energy Efficient Products', focusing on the possibility of executing co-operative procurement activities at the European level. The conclusions are based upon findings from 36 market studies carried out in nine European countries regarding four different products: induction motors, solar-energy systems for water heating, office lighting systems, and combined fridge-freezers, as well as practical experience from about 30 procurements carried out by NUTEK in Sweden, and the experience of the IEA DSM Implementing agreement annex III 'Co-operative Procurement of Innovative Technologies'. The study concludes that co-operative procurement is a promising instrument for consideration in combination with other instruments for future energy-efficiency policy at the EU level. By seeking to transform the European market in its totality, the current prevailing differences between national markets can be softened contributing to the completion of a single European market and providing a basis for a more integrated market transformation approach. However, carrying out the process at the EU level is complex and it therefore needs careful designing in order to be successful. A main barrier to measures of this kind being implemented is the lack of experience, and therefore trust in the process as such, which is why further practical experience on both a national and international level is needed. To encourage member states to participate and co-operate whatever the form chosen, the study suggests that concrete and active support from the Commission is an important signalling effect, since the importance of energy efficiency on the political agenda differs considerably between countries that, furthermore, are more or less flexible when it comes to adopting new policy instruments.

  9. European Union's renewable energy sources and energy efficiency policy review. The Spanish perspective

    Energy Technology Data Exchange (ETDEWEB)

    De Alegria Mancisidor, Itziar Martinez; Diaz de Basurto Uraga, Pablo; Ruiz de Arbulo Lopez, Patxi [Departamento de Organizacion de Empresas, Escuela Tecnica Superior de Ingenieria de Bilbao, Universidad del Pais Vasco (Spain); Martinez de Alegria Mancisidor, Inigo [Departamento de Electronica y Telecomunicaciones, Escuela Tecnica Superior de Ingenieria de Bilbao, Universidad del Pais Vasco (Spain)

    2009-01-15

    The European Union's (EU) energy objectives, legislation and programmes are determinant for the current strategy for the promotion of renewable energy sources (RES) and energy efficiency (EE) in Spain, which is becoming a key element for its international competitiveness. Firstly, this article explores the evolution of the EU's energy strategy, focusing on the adopted legislations and programmes to promote RES and EE. It concludes with an analysis of the impact of those measures in Spain. (author)

  10. Energy efficiency and performance indicators of European electricity market

    National Research Council Canada - National Science Library

    Constantin Duguleana; Liliana Duguleana

    2015-01-01

    .... The efficient functioning of this motor is essential for economy. The efficiency and the performances of electric power systems are reflected on the living level of population, through the money spent and the satisfaction level of their needs...

  11. University courses and opportunity for a European Master Program in Marine Renewable Energy

    DEFF Research Database (Denmark)

    Margheritini, Lucia; Tetu, Amélie; Frigaard, Peter Bak

    This document presents an overview of the existing European educational programmes in the field of marine renewable energy. It also includes suggestion for a transnational European master program in marine renewable energy.......This document presents an overview of the existing European educational programmes in the field of marine renewable energy. It also includes suggestion for a transnational European master program in marine renewable energy....

  12. Energy management in the patrimonial buildings of European territorial organizations in the framework of markets liberalization. Economic study of financial incentive mechanisms in favor of energy efficiency investment; Gestion de l'energie au sein du patrimoine bati des collectivites territoriales europeennes dans le cadre de la liberalisation des marches. Etude economique des mecanismes financiers favorisant l'investissement dans l'efficacite energetique

    Energy Technology Data Exchange (ETDEWEB)

    Gayral, L

    2005-12-15

    The territorial and patrimonial components of energy savings are not well developed because many barriers - political, organisational and financial - prevent investments in energy efficiency. Although investing in the improvement of the energy efficiency of their public buildings is a rational process, the local authorities are far from systematically carrying out this type of investment. Their limited investment capacity, associated to the lack of spare capital to finance their projects leads them to a 'vicious circle of energy wasting'. Our thesis analyzes the economic and financial tools a local authority can use to invest and enter a 'virtuous circle of energy efficiency'. Our topic deals with the financing of energy efficiency investments at a local level. We describe with details the functioning of each financial mechanism indexed. We illustrate their implementation within European municipalities through many case studies. Finally, we suggest recommendations for their broad reproducibility within French local authorities. (author)

  13. Energy Efficiency, Building Productivity and the Commercial Buildings Market

    Energy Technology Data Exchange (ETDEWEB)

    Jones, D.W.

    2002-05-16

    The energy-efficiency gap literature suggests that building buyers are often short-sighted in their failure to apply life-cycle costing principles to energy efficient building technologies, with the result that under investment in these advanced technology occurs. This study examines the reasons this behavior may occur, by analyzing the pressures that market forces place on purchasers of buildings. Our basic conclusion is that the fundamental manner in which the buildings sector does business creates pressures to reduce initial capital outlays and to hedge against a variety of risks, including the ability of building owners to capture benefits from energy efficiency. Starting from the position that building buyers' willingness to pay drives choices over building attributes, we examine basic market principles, the structure of the buildings market, including the role of lenders, and policies that promote penetration of energy efficient technologies. We conclude that greater attention to buyers, and to the incentives and constraints they face, would promote a better understanding of building investment choices and contribute to better policies to promote the penetration of these technologies into markets.

  14. Solar Power Satellites: Creating the Market for Beamed Energy Propulsion

    Science.gov (United States)

    Coopersmith, Jonathan

    2010-05-01

    Beamed energy advocates must investigate the potential of major markets like space based solar satellites and space-based nuclear waste disposal. For BEP to succeed, its proponents must work with these possible users to generate interest and resources needed to develop BEP.

  15. Impact of Variable Renewable Energy in the Iberian Electricity Market

    DEFF Research Database (Denmark)

    Nuño, Edgar; Pereira, Adelino J. C.; Machado Ferreira, C. M.

    2015-01-01

    Market and system operators face new challenges as more renewable energy sources are added. The driving factors in this trend are mainly associated with environmental benefits of the renewable generation and climate change mitigation, as well as the reduction of the dependency of conventional and...

  16. SOME REFLECTIONS ON FLEXICURITY-THE EUROPEAN APPROACH TO LABOUR MARKET POLICY

    Directory of Open Access Journals (Sweden)

    Ionete Anca

    2012-12-01

    Full Text Available The notion of “flexicurity” promises to overcome the tensions between the labour market flexibility on the one hand and social security on the other hand, by offering “the best of both worlds”. In this review the development of the concept will be set against the background of changed economic circumstances in the last two decades. Flexicurity is seen as a way to preserve the European Social Model while maintaining and improving the competitiveness of the European Union. It is argued that, in the context of globalisation and technological change which place greater demands on business to adapt continuously, high levels of employment security will not depend only on protection of workers’ specific job, but mainly on the means for workers to stay on the job market, manage smooth transitions between jobs and make progress in their careers. At the end of the day, the aim of flexicurity policies should be to ensure the welfare and well-being of our societies and all their members, now and in the future. It can therefore be argued that flexicurity is ultimately about security and sustainability. At the same time, the European ideas and principles on flexicurity first and foremost need to be seen as a framework which may offer inspiration and guidance to Member States to review and improve their labour markets in terms of establishing a sound balance between flexibility and security. Member States can and should come up with their tailor-made policies and regulations that are geared towards their specific history, starting-position and political, institutional and cultural context. As quasi prototypes of flexicurity, policies pursued particularly in Denmark and the Netherlands have been portrayed as having successfully achieved new combinations between (greater labour market flexibility without compromising social protection. At this point in time, it remains to be seen whether flexicurity will be more than a buzzword

  17. European renewable energy policy at crossroads-Focus on electricity support mechanisms

    Energy Technology Data Exchange (ETDEWEB)

    Fouquet, Doerte [Kuhbier Law Firm, Avenue de la Fauconnerie 73, B-1170 Brussels (Belgium)], E-mail: fouquet@kuhbier.com; Johansson, Thomas B. [International Institute for Industrial Environmental Economics, Lund University, P.O. Box 196, 221 00 Lund (Sweden)

    2008-11-15

    The European Union has adopted targets for the expanded use of renewable energies (REs) as one mean to achieve improved energy security, reduced greenhouse gas (GHG) emissions, and improved competitiveness of the European economies. Realising that rapid expansion of RE will not happen in the energy market place, as it now exists, various support mechanisms are under consideration, most prominently these may be grouped into two major categories, tradable green certificates (TGC) and feed-in tariffs (FiT). Experiences from a number of countries in Europe suggest that FiT deliver larger and faster penetration of RE than TGC, at lower cost. The two major systems are compared in overall terms. In a TGC system, a target for RE penetration is set by public authorities seeking to minimise cost for achieving this target. The certificate price is set by the market. In a FiT system, public authorities set an effective price but are not limiting the quantity installed. This has led to impressive growth rates, particularly in Denmark, Germany, and Spain. It is found that investor risks are much lower in a FiT system, and that innovation incentives are larger. Against this background, the European Commission proposal for an EU-wide TGC system is discussed. It is found that such a system is likely to be less effective and less efficient than maintaining national FiT systems, and that it also risks time-consuming legal processes during which investor uncertainties would risk a marked slow-down in investments. Given the underlying objective of addressing security, climate change and competitiveness, it therefore appears that, at least for the time being, continued reliance on national systems, especially FiT would be preferred.

  18. European renewable energy policy at crossroads. Focus on electricity support mechanisms

    Energy Technology Data Exchange (ETDEWEB)

    Fouquet, Doerte [Kuhbier Law Firm, Avenue de la Fauconnerie 73, B-1170 Brussels (Belgium); Johansson, Thomas B. [International Institute for Industrial Environmental Economics, Lund University, P.O. Box 196, 221 00 Lund (Sweden)

    2008-11-15

    The European Union has adopted targets for the expanded use of renewable energies (REs) as one mean to achieve improved energy security, reduced greenhouse gas (GHG) emissions, and improved competitiveness of the European economies. Realising that rapid expansion of RE will not happen in the energy market place, as it now exists, various support mechanisms are under consideration, most prominently these may be grouped into two major categories, tradable green certificates (TGC) and feed-in tariffs (FiT). Experiences from a number of countries in Europe suggest that FiT deliver larger and faster penetration of RE than TGC, at lower cost. The two major systems are compared in overall terms. In a TGC system, a target for RE penetration is set by public authorities seeking to minimise cost for achieving this target. The certificate price is set by the market. In a FiT system, public authorities set an effective price but are not limiting the quantity installed. This has led to impressive growth rates, particularly in Denmark, Germany, and Spain. It is found that investor risks are much lower in a FiT system, and that innovation incentives are larger. Against this background, the European Commission proposal for an EU-wide TGC system is discussed. It is found that such a system is likely to be less effective and less efficient than maintaining national FiT systems, and that it also risks time-consuming legal processes during which investor uncertainties would risk a marked slow-down in investments. Given the underlying objective of addressing security, climate change and competitiveness, it therefore appears that, at least for the time being, continued reliance on national systems, especially FiT would be preferred. (author)

  19. Calibration of the Multi-Factor HJM Model for Energy Market

    Science.gov (United States)

    Broszkiewicz-Suwaj, E.; Weron, A.

    2006-05-01

    The purpose of this paper is to show that using the toolkit of interest rate theory, already well known in financial engineering as the HJM model [D. Heath, R. Jarrow, A. Morton, {ITALIC Econometrica} 60, 77 (1992)], it is possible to derive explicite option pricing formula and calibrate the theoretical model to the empirical electricity market. The analysis is illustrated by numerical cases from the European Energy Exchange (EEX) in Leipzig. The multi-factor {ITALIC versus} one-factor HJM models are compared.

  20. The value of express delivery services for cross-border e-commerce in European Union markets

    NARCIS (Netherlands)

    T.Y. Kim (Thai Young); R. Dekker (Rommert); C. Heij (Christiaan)

    2016-01-01

    textabstractFurther growth of cross-border e-commerce in the European Union markets requires improved express delivery services. The framework presented in this paper identifies relevant contextual factors that affect express delivery adoption rates in European cross-border e-commerce. This

  1. A quick scan tool to assess the relative prospects of European regions for sustainable agriculture in a liberal market

    NARCIS (Netherlands)

    Vereijken, P.H.; Hermans, C.M.L.

    2010-01-01

    The European Union (EU) most likely will continue to adapt its Common Agricultural Policy (CAP) to a more liberal market policy. We assume that this process will take place in the next 20 years. A relevant question then is which European regions, under such conditions, have prospects to maintain a

  2. Market and policy barriers to energy storage deployment :

    Energy Technology Data Exchange (ETDEWEB)

    Bhatnagar, Dhruv; Currier, Aileen B.; Hernandez, Jacquelynne; Ma, Ookie; Kirby, Brendan

    2013-09-01

    Electric energy storage technologies have recently been in the spotlight, discussed as essential grid assets that can provide services to increase the reliability and resiliency of the grid, including furthering the integration of variable renewable energy resources. Though they can provide numerous grid services, there are a number of factors that restrict their current deployment. The most significant barrier to deployment is high capital costs, though several recent deployments indicate that capital costs are decreasing and energy storage may be the preferred economic alternative in certain situations. However, a number of other market and regulatory barriers persist, limiting further deployment. These barriers can be categorized into regulatory barriers, market (economic) barriers, utility and developer business model barriers, crosscutting barriers and technology barriers. This report, through interviews with stakeholders and review of regulatory filings in four regions roughly representative of the United States, identifies the key barriers restricting further energy storage development in the country. The report also includes a discussion of possible solutions to address these barriers and a review of initiatives around the country at the federal, regional and state levels that are addressing some of these issues. Energy storage could have a key role to play in the future grid, but market and regulatory issues have to be addressed to allow storage resources open market access and compensation for the services they are capable of providing. Progress has been made in this effort, but much remains to be done and will require continued engagement from regulators, policy makers, market operators, utilities, developers and manufacturers.

  3. Educational sector and labor market of the European Union: problems and prospects

    Directory of Open Access Journals (Sweden)

    Belov Vladislav

    2016-01-01

    Full Text Available The article examines the problems and prospects of professional education in the European Union as an instrument of human development and labor market. The trends of recent years are analyzed – a significant increase in demand for high-skilled workers (on the background of high unemployment among young people that occurred as a result of progress in information and communication technologies, development of “green economy”, competition of goods and services (including education and labor market on the global stage. Questions of educational policy are mainly under the jurisdiction of national states. In the current context the EU authorities and governments of member countries intend to strengthen cooperation at the European level, relations within educational services market and the needs of the post-industrial economy, optimize professional skills, especially among the younger generation, and create an open innovative digital learning environment for different groups of the population throughout life. Taking this into consideration it is necessary to focus the efforts on the solution of the number of internal challenges, demographic, migratory, economic and technological challenges on a global scale.

  4. Integrated marketing sphere of physical culture and sports in terms of European integration Regional Center Research

    Directory of Open Access Journals (Sweden)

    Oleksandr Popov

    2015-06-01

    Full Text Available Purpose: exposure of conceptual and strategic positions of the complex marketing of sphere of physical culture and sport in the conditions of European integration of regional center. Material and Methods: analysis of literary sources, analysis of documents of legislative, normatively-legal and programmatic maintenance, analysis of the systems, questioning as a questionnaire. Results: the analysis of the systems of terms of development of sphere of physical culture and sport is carried out by the study of modern tendencies, interests of young people and habitants of regional center; complex description of conceptual and strategic positions of the relatively complex marketing of sphere of physical culture and sport is presented in the conditions of European integration of regional center. Conclusions: it is set that the decision of tasks in relation to conditioning for development of sphere of physical culture and sport must come true with the observance of certain principles; got founding in relation to development of marketing plan of forming of sporting image Kharkiv.

  5. Towards a unified European electricity market: The contribution of data-mining to support realistic simulation studies

    DEFF Research Database (Denmark)

    Pinto, Tiago; Santos, Gabriel; Pereira, Ivo F.

    2014-01-01

    Worldwide electricity markets have been evolving into regional and even continental scales. The aim at an efficient use of renewable based generation in places where it exceeds the local needs is one of the main reasons. A reference case of this evolution is the European Electricity Market, where...

  6. An european policy of the energy; Une politique europeenne de l'energie?

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-12-15

    This report aims to precise the main dynamics which give structure to the public action in the domain of the energy in Europe. It shows: how the european initiatives which tend to integrate the different national policies, are poorly developed; a new european model of regulation to articulate the liberalization dynamic with the other objectives of national interest; scenari of global integration. (A.L.B.)

  7. Prohibition of the insider trading at the energy wholesale markets an entirely new world?; Insiderhandelsverbot auf den Energiegrosshandelsmaerkten eine voellig neue Welt?

    Energy Technology Data Exchange (ETDEWEB)

    Hoepping, Ulrike [E.ON Ruhrgas AG (Germany). Bereich Gesellschafts- und Finanzierungsrecht; Stuhlmacher, Gerd [E.ON Energy Trading SE, Duesseldorf (Germany); E.ON Ruhrgas AG (Germany)

    2012-12-15

    At 28th December, 2011, the regulation on the integrity and transparency of the energy wholesale market became effective. Thus, insider trading and manipulations of the market on the energy wholesale markets of the European Union are forbidden. The draft law on the market transparency law provides that violations are avenged as a criminal act or as an administrative offence. Headlines from the financial industry cover the serious situation of the threatening sanctions. Under this aspect, the contribution under consideration reports on the prohibition of the insider trading.

  8. Analysis of Spain´s competitiveness in the European tomato market: An application of the Constant Market Share method

    Directory of Open Access Journals (Sweden)

    Mercedes Capobianco-Uriarte

    2017-11-01

    Full Text Available This paper presents a quantitative analysis of the competitiveness of Spanish tomato export compared with its major competitors in the European Union market countries (EU28. The methodological framework is implemented through Constant Market Share to analyze variations in exports, allowing the portion attributable to competitiveness and segregation into general or specific competitiveness to be quantified. This analysis was carried out with the 2005-2009 and 2010-2014 periods to see if there had been a recovery from the global financial and economic crisis of 2007 in the Spanish tomato trade. Before the global economic and financial crisis, Spain had a positive structural effect of exports which contributed significantly to the growth of tomato sales to the EU, but had a negative change in the volume of exports to the EU28, mainly due to the negative effect of the competitiveness component. According to the segregation effect of competitiveness, a marked general negative competitive effect was evident, that cannot be offset by the positive effect of specific competitiveness. Since 2010, Spain has experienced a positive change in the volume of its tomato exports to the EU28, the competitiveness component also being positive, due to positive investment of the component of general competitiveness and whose greatest contribution was the positive effect of specific competitiveness. Within the group of competitors, Spain is the only country supplying tomatoes to the EU28 that has experienced a positive change in volume when comparing business performance of 2010-2014 vs 2005-2009.

  9. Regional energy system optimization - Potential for a regional heat market

    Energy Technology Data Exchange (ETDEWEB)

    Karlsson, Magnus; Gebremedhin, Alemayehu; Moshfegh, Bahram [Department of Management and Engineering, Division of Energy Systems, Linkoeping University, SE-581 83 Linkoeping (Sweden); Klugman, Sofia [Department of Technology and Building Environment, Gaevle University, SE-801 76 Gaevle (Sweden); Henning, Dag [Optensys Energianalys, Oerng. 8C, SE-582 37 Linkoeping (Sweden)

    2009-04-15

    Energy supply companies and industrial plants are likely to face new situations due to, for example, the introduction of new energy legislation, increased fuel prices and increased environmental awareness. These new prerequisites provide companies with new challenges but also new possibilities from which to benefit. Increased energy efficiency within companies and increased cooperation between different operators are two alternatives to meet the new conditions. A region characterized by a high density of energy-intensive processes is used in this study to find the economic potential of connecting three industrial plants and four energy companies, within three local district heating systems, to a regional heat market, in which different operators provide heat to a joint district heating grid. Also, different investment alternatives are studied. The results show that the economical potential for a heat market amounts to between 5 and 26 million EUR/year with payback times ranging from two to eleven years. However, the investment costs and the net benefit for the total system need to be allotted to the different operators, as they benefit economically to different extents from the introduction of a heat market. It is also shown that the emissions of CO{sub 2} from the joint system would decrease compared to separate operation of the systems. However, the valuation of CO{sub 2} emissions from electricity production is important as the difference of emitted CO{sub 2} between the accounting methods exceeds 650 kton/year for some scenarios. (author)

  10. Government policies increasingly promote renewable energy sources : wood energy markets in the UNECE region, 2009-2010

    Science.gov (United States)

    Olle Olsson; Bengt Hillring; Rens Hartkamp; Kenneth Skog; Henry Spelter; Francisco Aguilar; Warren Mabee; Christopher Gaston; Antje Wahl

    2010-01-01

    Sustainability issues about wood fuels are increasingly being debated, but the European Union has decided not to impose EU-wide sustainability criteria for solid biomass. United Kingdom energy companies plan massive increases in their utilization of wood energy, further fuelling European demand for wood energy. In order to increase control of the value chain, European...

  11. SUSTAINABLE DEVELOPMENT, ENERGY AND CLIMATE CHANGE IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Andrei ROTH

    2015-04-01

    Full Text Available Through sustainable development the needs of the current generation are fulfilled without jeopardizing the opportunities of future generations. The concept takes into account economic, social and environmental considerations. It has a wide range of applications from natural resources to population growth and biodiversity. One of its most important themes is energy. In this area, sustainable development relates with resource availability and green house gases emissions. Also it takes into account the needs of people without access to energy, and their legitimate quest for development. For the European Union, sustainable development represents an overarching objective. The present article analyzes the concept from a theoretical perspective, contrasting its strong points and weaknesses. It highlights the relation between sustainable development, energetic resources and climate change. The EU policies results in the field of energy are analyzed from the perspective of resources, energetic dependency and climate change efforts.

  12. Skilful seasonal predictions for the European energy industry

    Science.gov (United States)

    Clark, Robin T.; Bett, Philip E.; Thornton, Hazel E.; Scaife, Adam A.

    2017-02-01

    We assess the utility of seasonal forecasts for the energy industry by showing how recently-established predictability of the North Atlantic Oscillation (NAO) in winter allows predictability of near-surface wind speed and air temperature and therefore energy supply and demand respectively. Our seasonal prediction system (GloSea5) successfully reproduces the influence of the NAO on European climate, leading to skilful forecasts of wind speed and wind power and hence wind driven energy supply. Temperature is skilfully forecast using the observed temperature-NAO relationship and the NAO forecast. Using the correlation between forecast NAO and observed GB electricity demand, we demonstrate that skilful predictions of winter demand are also achievable on seasonal timescales well in advance of the season. Finally, good reliability of probabilistic forecasts of above/below-average wind speed and temperature is also demonstrated.

  13. Implications and Measurement of Energy Poverty across the European Union

    Directory of Open Access Journals (Sweden)

    Alexandru Maxim

    2016-05-01

    Full Text Available Energy poverty, or the inability of households to afford adequate access to energy services, is an issue that can have a significant effect on the quality of life and even the state of health of individuals and even the overall development of a nation. Since it was first brought into focus more than two decades ago in the UK, this topic has gradually gained the attention of academics and policy makers all across the EU and beyond. The current paper addresses the topic by providing not only a renewed discussion, but also an improved energy poverty indicator (with clear and relevant results at the EU level: the Compound Energy Poverty Indicator (CEPI. Moreover, knowing that the risk of poverty and social exclusion, efficiency of heating systems, total consumption of energy per household and rising energy prices tend to increase the severity of this problem in some countries, CEPI is then included into an econometric model so as to determine some possible factors that tend to put pressure on an already existing issue of energy poverty. The results of this research are expected to be relevant not only for academics (as it offers insights into the structure and severity of this topic within the European Union, but also for national and EU policymakers who are confronted in the field with the problem of sustainable development.

  14. Advanced Modeling of Renewable Energy Market Dynamics: May 2006

    Energy Technology Data Exchange (ETDEWEB)

    Evans, M.; Little, R.; Lloyd, K.; Malikov, G.; Passolt, G.; Arent, D.; Swezey, B.; Mosey, G.

    2007-08-01

    This report documents a year-long academic project, presenting selected techniques for analysis of market growth, penetration, and forecasting applicable to renewable energy technologies. Existing mathematical models were modified to incorporate the effects of fiscal policies and were evaluated using available data. The modifications were made based on research and classification of current mathematical models used for predicting market penetration. An analysis of the results was carried out, based on available data. MATLAB versions of existing and new models were developed for research and policy analysis.

  15. The energy markets deregulation; L'ouverture des marches de l'energie

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    This document is devoted to the opening of the energy markets and the associated production forms. The deregulation is going to change the technology with the need of a global answer to the the energy demands of the manufacturers and the local governments. In this context, the nuclear pole in the world facing the other forms of energy is discussed. (A.L.B.)

  16. SUSTAINED LIVEABILITY: A FRAMEWORK BEYOND ENERGY CONSCIOUS BUILDING CONSERVATION OF MARKET HALLS

    Directory of Open Access Journals (Sweden)

    Neveen Hamza

    2017-11-01

    Full Text Available Market halls are commonly found in  contexts of cultural and heritage value. Positioned in urban centres and transport networks, these unique buildings were originally constructed in the 19th century to ensure better food distribution in growing European cities, then copied to other territories such as Egypt.  We argue that leaving market halls, with their large spanning structures and indoor open space, for dilapidation is a lost opportunity for sustaining community engagement, and educating the public on the original sustainability, neighbourhood regeneration and cultural thinking that underpinned these buildings. The proposed framework extends current sustainable ‘heritage conservation frameworks’ beyond concepts of adding renewable energy technologies, recycling and sustainable goods movement,  to ‘sustaining liveability and social inclusion’. We argue that market halls offer the opportunities to merge the daily activities of buying and selling food with creating local creative economies such as culinary art exhibitions, and culinary schools. The paper consists of two parts: the first discusses the historical urban context of market halls in Cairo; the second proposes a sustainable heritage conservation model for market halls.

  17. The Impact of Stock, Energy and Foreign Exchange Markets on the Sugar Market

    Directory of Open Access Journals (Sweden)

    Nikolaos Sariannidis

    2010-07-01

    Full Text Available This study examines the effect of financial factors on the sugar market by using GeneralizedAutoregressive Conditional Heteroskedasticity (GARCH models. The results show thatchanges in capital and energy markets returns have a positive impact on the mean returnsof Sugar futures as opposed to changes in volatility returns of the exchange rate of the U.S.Dollar/ Yen that affect it negatively. Finally, the structural analysis of volatility with the GARCHmodel has shown that current volatility is more influenced by past volatility rather than by theprevious day shocks.

  18. Clean Energy Policies Analysis: The Role of Policy in Clean Energy Market Transformation (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Doris, E.

    2010-11-01

    This presentation was written and presented by Elizabeth Doris (NREL) at the November 17 TAP Webinar to provide background detail about how state policies are transforming the clean energy market in different regions of the country.

  19. Energy Planning in Selected European Regions - Methods for Evaluating the Potential of Renewable Energy Sources

    OpenAIRE

    Sliz-Szkliniarz, Beata

    2013-01-01

    Given their potentially positive impact on climate protection and the preservation of fossil resources, alternative energy sources have become increasingly important for the energy supply over the past years. However, the questions arises what economic and ecological impacts and potential conflicts over land use resources are associated with the promotion of renewable energy production. Using the examples of three selected European Regions in Poland, France and German, the dissertation discus...

  20. Editorial Foreword: The Internal Dynamics of the Enlarged Single European Market

    Directory of Open Access Journals (Sweden)

    Ruth Wittlinger

    2009-12-01

    Full Text Available This Special Issue consists of a small selection of the wide range of papers which were delivered at the seminars. It can thus only provide a snapshot. We have, however, tried to ensure that the choice of the papers included in this volume also reflects the fact that it was academics AND practitioners who contributed to the overall success of the series. Whereas the first five contributors (Schweiger, de la Porte, Funk, Allen and Aldred, Pogátsa examine their various topics from an academic perspective, the last two papers (Galgóczi and Medhurst/Tortolano provide assessments of the impact of the Single European Market on Central and Eastern European and wider EU member state economies and societies from a trade union perspective.

  1. PROBLEMS AND PROSPECTS OF SYSTEM MODERNIZATION OF THE ARCTIC NATURAL GAS EXPORT ON THE EUROPEAN MARKET

    Directory of Open Access Journals (Sweden)

    V. S. Selin

    2016-01-01

    Full Text Available A research purpose is the analysis of the European natural gas market environment and the modernization opportunities of the delivery system from Russia in connection with the current geo-economic changes. The main methods are the factorial approaches and the content analysis, which allows allocate and structure this sector’s driving forces.Export of the Russian natural gas on the European market still remains the dominating activity, in terms of the total amounts of deliveries, though over the last ten years its specific weight has been considerably reduced. The situation has sharply become aggravated both in connection with the "Ukrainian" crisis, and that of the European Union policy, which is taking the active measures for the gas supply system diversification. As a result of the conducted research it is proved that the Russian gas transportation system in the Arctic regions requires the strategic upgrade which shall go in two main directions.The first direction is the forming of the new pipeline schemes replacing the unreliable transit routes. The second direction is a rather innovative development of exploration and transportation of the liquefied natural gas which amount exceeds thirty percent in world export and in Russian has not yet reached ten percent.Scientific novelty of the received results consists in system approval of the opportunities of adaptation of Russian export deliveries to the market demand changes. The proposals of increase of the liquefied natural gas exploration in the Arctic regions and formation of the basic centers (special zones have also a practical importance.

  2. Analysis of the Chinese Market for Building Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    Yu, Sha [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Evans, Meredydd [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Shi, Qing [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2014-03-20

    China will account for about half of the new construction globally in the coming decade. Its floorspace doubled from 1996 to 2011, and Chinese rural buildings alone have as much floorspace as all of U.S. residential buildings. Building energy consumption has also grown, increasing by over 40% since 1990. To curb building energy demand, the Chinese government has launched a series of policies and programs. Combined, this growth in buildings and renovations, along with the policies to promote green buildings, are creating a large market for energy efficiency products and services. This report assesses the impact of China’s policies on building energy efficiency and on the market for energy efficiency in the future. The first chapter of this report introduces the trends in China, drawing on both historical analysis, and detailed modeling of the drivers behind changes in floorspace and building energy demand such as economic and population growth, urbanization, policy. The analysis describes the trends by region, building type and energy service. The second chapter discusses China’s policies to promote green buildings. China began developing building energy codes in the 1980s. Over time, the central government has increased the stringency of the code requirements and the extent of enforcement. The codes are mandatory in all new buildings and major renovations in China’s cities, and they have been a driving force behind the expansion of China’s markets for insulation, efficient windows, and other green building materials. China also has several other important policies to encourage efficient buildings, including the Three-Star Rating System (somewhat akin to LEED), financial incentives tied to efficiency, appliance standards, a phasing out of incandescent bulbs and promotion of efficient lighting, and several policies to encourage retrofits in existing buildings. In the third chapter, we take “deep dives” into the trends affecting key building components

  3. E-business and its Application in Conditions of Central European Market

    Directory of Open Access Journals (Sweden)

    Naci Tolga Saruc

    2013-07-01

    Full Text Available Aim of this paper is highlighting possibilities in effective utilization of Information and Communication Technologies for supporting entrepreneurship (e-business for Small and Medium enterprises. The core research carried on for duration of twelve months covered analysis and following presentation of possibilities of practical utilization of e-business applications. Furthermore research was oriented towards innovative forms of marketing communication in Real Corporation conducting business in Central European market. Analyzing data on collected findings can add value towards gaining a significant competitive advantage in form of better understanding of real facts influencing entrepreneurship in principle. This can lead consequently to positive influence on corporate effectiveness in the environment of Small and Medium enterprises.

  4. A RESEARCH OF E-BOOK MARKET TRENDS: NORTH AMERICA AND THE EUROPEAN COMMUNITY

    OpenAIRE

    Andreja Zubac; Andreja Tominac

    2014-01-01

    AbstractPurpose: The aim of this paper is to provide an overview of research on the presence of the electronic book on the book market, its trends and developments as well as point towards the difficulties faced by all professions related to it in the countries of the European Community.Methodology / approach: This paper analyzes the domestic and foreign literature and explores the websites of companies that operate with e-books in order to get an overview of the actual state of business oper...

  5. Characteristics of event tourism marketing. Case study: the European youth Olympic festival, Brasov 2013

    Directory of Open Access Journals (Sweden)

    Herţanu, A.

    2011-01-01

    Full Text Available Event tourism is a very important branch of tourism, not only from the economic point of view, but also as the cultural and social development of a tourism destination. Organizing sporting events is considered, by the managers of tourism destinations, as an improvement strategy regarding the destination image, and as a competitive advantage. This article brings forward the features of event tourism concerning the marketing mix policies and the importance of events in the development of an area. The chosen study case is Brasov County area, which will host, in 201,3 the winter edition of the European Youth Olympic Festival.

  6. 2014 European School of High-Energy Physics

    CERN Multimedia

    Nick Ellis, on behalf of the Organising Committee

    2014-01-01

    Dear Colleagues, I would like to draw your attention to the 2014 European School of High-Energy Physics. Details can be found here. The School will be held in the Netherlands from 18 June to 1 July 2014. PLEASE NOTE THAT THE DEADLINE FOR APPLICATIONS IS 14 FEBRUARY 2014. The lectures will cover a broad range of HEP topics at a level suitable for students working towards a PhD in experimental particle physics. Note that, as indicated on the website, one or two students from developing countries could be considered for financial support.

  7. 2014 European School of High-Energy Physics

    CERN Multimedia

    Nick Ellis, on behalf of the Organising Committee

    2014-01-01

    Dear Colleagues, I would like to draw your attention to the 2014 European School of High-Energy Physics. Details can be found here. The School will be held in the Netherlands from 18 June to 1 July 2014. PLEASE NOTE THAT THE DEADLINE FOR APPLICATIONS HAS BEEN EXTENDED TO 21 FEBRUARY 2014. The lectures will cover a broad range of HEP topics at a level suitable for students working towards a PhD in experimental particle physics. Note that, as indicated on the website, one or two students from developing countries could be considered for financial support.

  8. IS A NEW EUROPEAN UNION ENERGY POLICY NEEDED?

    Directory of Open Access Journals (Sweden)

    Irina, PETRUCA

    2013-12-01

    Full Text Available In January 2009, because of a different between Russia and Ukraine, a major natural gas pipeline was closed, this being the worst gas cut-off of the decade. Eighteen countries have been interrupted from gas supplies and countries which had limited reserves and a shortage of alternative supply met a serious energy deficit, in the middle of an especially cold winter. After 22 days, the gas flows to all European countries were back to the normal level. A result of this, and of another similar dispute from 2006, was that the EU has put into question the confidence on the Russian gas supplies. The insecurity has led to a renewal of the political interest in energy security on EU level. The Russian cut-offs have been like a wake-up call to policy makers at a time when the EU faces significant energy security challenges as a result of the emerging world order. More than half of its energy, the EU buys from non-EU sources, while the demand for energy is always higher. In the meantime, the EU production levels of hydrocarbons are decreasing, leading to higher dependency on non-EU sources. Thereby, the energy security became a globally important topic and will raise important challenges for the EU in the future.

  9. ADJUSTMENT DURING THE CRISIS: INSTITUTIONAL BUFFERS ON THE EASTERN EUROPEAN LABOUR MARKETS

    Directory of Open Access Journals (Sweden)

    Pavol Babos

    2014-05-01

    Full Text Available The economic crisis had profound effects on labour markets of the EU member states in terms of a decline in employment and a rise in unemployment. This paper investigates how the states limited the impact of the change in economic output on the employment and the unemployment. The analysis suggests that there are different labour market institutions influencing the impact of the fall in GDP on the employment decline and unemployment increase. The first part of the paper explores and compares the extent to which the labour market institutions cushioned the impact of the economic crisis on the EU countries. The second part of this paper provides an in-depth comparative analysis of the labour market institutions and the adjustment mechanisms in Central Eastern European countries: Latvia, Slovenia and Slovakia. In the end this paper suggests that the specific institutional setting of a country, according to the Varieties of Capitalism, might shape the form of the government response to the crisis and the effect of particular institutions on the adjustment channels. The study shows that adjustment in Slovenia took place mostly within the firms, while in Latvia the most efficient adjustment channels actuated outside the firms, mostly within the government sponsored training programmes and international migration. In Slovakia, government sponsored adjustment, which focused on maintaining the existing positions, prevailed together with the promotion of self-employment.

  10. Export competitiveness of dairy products on global markets: the case of the European Union countries.

    Science.gov (United States)

    Bojnec, Š; Fertő, I

    2014-10-01

    This paper analyzed the export competitiveness of dairy products of the European Union (EU) countries (EU-27) on intra-EU, extra-EU, and global markets, using the revealed comparative advantage index over the 2000-2011 period. The results indicated that about half of the EU-27 countries have had competitive exports in a certain segment of dairy products. The results differed by level of milk processing and for intra-EU and extra-EU markets, and did so over the analyzed years. Belgium, Denmark, France, Ireland, and the Netherlands are old EU-15 countries with competitive dairy exports (from the lowest to the highest according to the level of milk processing). The majority of the new EU-12 countries have faced difficulties in maintaining their level of export competitiveness, at least for some dairy products and market segments. The more competitive EU-12 countries in dairy exports were the Baltic States (Estonia, Latvia, and Lithuania) and Poland. The duration of export competitiveness differed across the dairy groups of products according to the level of milk processing, indicating the importance of dairy chain product differentiation for export competitiveness and specialization. The export competitiveness of the higher level of processed milk products for final consumption can be significant for export dairy chain competitiveness on global markets. Copyright © 2014 American Dairy Science Association. Published by Elsevier Inc. All rights reserved.

  11. Increased demand-side flexibility: market effects and impacts on variable renewable energy integration

    Directory of Open Access Journals (Sweden)

    Åsa Grytli Tveten

    2016-12-01

    Full Text Available This paper investigates the effect of increased demand-side flexibility (DSF on integration and market value of variable renewable energy sources (VRE. Using assumed potentials, system-optimal within-day shifts in demand are investigated for the Northern European power markets in 2030, applying a comprehensive partial equilibrium model with high temporal and spatial resolution. Increased DSF is found to cause only a minor (less than 3% reduction in consumers’ cost of electricity. VRE revenues are found to increase (up to 5% and 2% for wind and solar power, respectively, and total VRE curtailment decreases by up to 7.2 TWh. Increased DSF causes only limited reductions in GHG emissions. The emission reduction is, however, sensitive to underlying assumptions. We conclude that increased DSF is a promising measure for improving VRE integration. However, low consumers’ savings imply that policies stimulating DFS will be needed to fully use the potential benefits of DSF for VRE integration

  12. The Relationship Between Renewable Energy Production and Energy Imports Among Countries in the European Economic Area

    Science.gov (United States)

    Unbehaun, Sarah J.

    Most European countries must import fossil fuels due to a lack of domestic supplies but, in the interest of having a secure energy supply that is not susceptible to disruptions, would like to decrease their dependence on imports. It is possible that increasing renewable energy production could achieve this objective, in addition to providing environmental benefits. This analysis examines whether there is a relationship between renewable energy production and non-renewable energy imports, using data on European Union member countries and Norway from 1990-2014. Previous literature on the relationship between renewables and imports is scarce but provides suggestive evidence that production of renewables could lower import dependence, even if it cannot fully substitute for fossil fuels. However, the results of this analysis provide no evidence to support this position. Instead, I find that as renewable energy production increases, fossil fuel imports also increase.

  13. National report 2012 to the Agency for the cooperation of energy regulators and to the European Commission. Finland

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-15

    This is a national report prepared by the Energy Market Authority to the Agency for the Co-operation of Energy Regulators and the European Commission on the state of the Finnish electricity and natural gas markets in 2011 as required by Article 37 (1)(e) in the Directive for the Internal Market in Natural Gas (2009/73/EC). Although this is the first national report after the entry into force of the above-mentioned directives, the report continues the series of annual national reports published since 2004. The document covers the steps the Energy Market Authority has taken and the results obtained as regards each of the tasks listed in the Article 37 of the Electricity Market Directive and the Article 41 of Natural Gas Market Directive. It contains a description of the power and tasks of the regulatory authority, an overview of the regulation and performance of electricity and natural gas sectors and an update of security of supply with regard to both gas and electricity.

  14. A local energy market for electricity and hydrogen

    DEFF Research Database (Denmark)

    Xiao, Yunpeng; Wang, Xifan; Pinson, Pierre

    2017-01-01

    ), loads, hydrogen vehicles (HVs), and a hydrogen storage system (HSS) operated by a HSS agent (HSSA). An iterative LEM clearing method is proposed based on the merit order principle. Players submit offers/bids with consideration of their own preferences and profiles according to the utility functions......The proliferation of distributed energy resources entails efficient market mechanisms in distribution-level networks. This paper establishes a local energy market (LEM) framework in which electricity and hydrogen are traded. Players in the LEM consist of renewable distributed generators (DGs....... Sensitivity analysis is then implemented to discuss the influences on the LEM clearing results of capacities of DGs, Loads, and the HSS, as well as price of hydrogen from the hydrogen station (HS)....

  15. Energy service companies in European countries: Current status and a strategy to foster their development

    Energy Technology Data Exchange (ETDEWEB)

    Bertoldi, Paolo [European Commission, DG JRC, TP 450, I-21020 Ispra (Vatican City State, Holy See,) (Italy)]. E-mail: paolo.bertoldi@cec.eu.int; Rezessy, Silvia [Department of Environmental Sciences and Policy, Central European University, Nador u. 9, H-1051 Budapest (Hungary)]. E-mail: ephlas01@phd.ceu.hu; Vine, Edward [Lawrence Berkeley National Laboratory, Building 90-4000, Berkeley, CA 94720 (United States)]. E-mail: elvine@lbl.gov

    2006-09-15

    Although the European Commission and the Member States of the European Union (EU) have promoted a number of policy initiatives to foster the Energy Services Company (ESCO) industry, a recent survey of ESCO businesses in Europe has indicated that major differences exist in the development of the ESCO business among the various countries. In some countries a large number of ESCOs have been successfully operating for a number of years, while in other countries only a few ESCOs have recently started to operate. This difference could be explained by several factors, such as different levels of support offered to ESCOs by national and regional energy authorities, local market structures and rules, and variation in the definitions, roles and activities of ESCOs. This paper reviews and analyses the development and the current status of ESCO industries in the EU and the New Accession Countries. Based on the review and the analysis, a long-term strategy to foster the development of ESCOs in Europe is formulated. The strategic actions recommended build on successful experience in Europe and are proposed with an eye to existing and planned legislative measures, such as the proposed Energy Service Directive and the deployment of the Kyoto flexible mechanisms.

  16. Changes in European legislation make it timely to introduce a transparent market surveillance system for cosmetics.

    Science.gov (United States)

    Lodén, Marie; Ungerth, Louise; Serup, Jørgen

    2007-01-01

    Marketing of cosmetics often makes strong claims linked to active ingredients. This is especially so for anti-ageing products, where the presentation and content of "active" ingredients may create new difficulties in their classification as cosmetics or medicinal products. A recent change in European legislation classifies a product as medicinal by virtue of its "function", in addition to the previous definition of "presentation" (i.e. marketing linked to diseases). Thus, formulations that also restore, correct or modify physiological functions by exerting a pharmacological, immunological or metabolic action should henceforth be covered by the Medicinal Products Directive. A cosmetic product must be suitable for its purpose and should not lead to adverse reactions that are disproportional in relation to its intended effect. However, the forthcoming ban on animal testing of cosmetic ingredients and the new European regulation, REACH (Registration, Evaluation and Authorisation of Chemicals), which aims to ensure a high level of chemical safety to protect human health and the environment, will probably have limited impact on the safety assessment of cosmetics. In order to enable consumers to make informed purchasing decisions, greater transparency in the process of assessing the performance of cosmetics is needed. Introduction of a more transparent system, enabling consumers and professionals to examine the scientific evidence for the claimed effect and the safety assessment of cosmetics, is therefore timely. Lack of transparency increases the risk of consumers wasting money on cosmetics that do not deliver the desired effects. This may jeopardize public trust in the cosmetic industry.

  17. Clean Energy Generation and Dispatch in Reformed Wholesale Electricity Markets: Experience in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Zhou, Shengru [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Hurlbut, David J [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Li, Ma [State Grid Energy Research Institute; Fan, Zhang [State Grid Energy Research Institute; Menghua, Fan [State Grid Energy Research Institute; Jing, Li [State Grid Energy Research Institute; Haoyuan, Qu [State Grid Energy Research Institute

    2017-04-01

    In recent years, the US electricity market has undergone several stages of reform, and gradually formed the market where the wholesale electricity price is determined by the supply and demand. The US electricity market also changes along with the rapid development of clean energy, forming a number of the market mechanisms that is specifically developed for clean energy power generation characteristics. On the basis of discussing the pricing mechanism of US electricity market, this paper analyzes the experience and practice of encouraging renewable energy development policy and clean energy dispatch from the angle of market mechanism and dispatching decision, and puts forward the reference for clean energy dispatching in China.

  18. Energy intake and sources of energy intake in the European Prospective Investigation into Cancer and Nutrition.

    Science.gov (United States)

    Ocké, M C; Larrañaga, N; Grioni, S; van den Berg, S W; Ferrari, P; Salvini, S; Benetou, V; Linseisen, J; Wirfält, E; Rinaldi, S; Jenab, M; Halkjaer, J; Jakobsen, M U; Niravong, M; Clavel-Chapelon, F; Kaaks, R; Bergmann, M; Moutsiou, E; Trichopoulou, A; Lauria, C; Sacerdote, C; Bueno-de-Mesquita, H B; Peeters, P H M; Hjartåker, A; Parr, C L; Tormo, M J; Sanchez, M J; Manjer, J; Hellstrom, V; Mulligan, A; Spencer, E A; Riboli, E; Bingham, S; Slimani, N

    2009-11-01

    To describe energy intake and its macronutrient and food sources among 27 regions in 10 countries participating in the European Prospective Investigation into Cancer and Nutrition (EPIC) study. Between 1995 and 2000, 36 034 subjects aged 35-74 years were administered a standardized 24-h dietary recall. Intakes of macronutrients (g/day) and energy (kcal/day) were estimated using standardized national nutrient databases. Mean intakes were weighted by season and day of the week and were adjusted for age, height and weight, after stratification by gender. Extreme low- and high-energy reporters were identified using Goldberg's cutoff points (ratio of energy intake and estimated basal metabolic rate 2.72), and their effects on macronutrient and energy intakes were studied. Low-energy reporting was more prevalent in women than in men. The exclusion of extreme-energy reporters substantially lowered the EPIC-wide range in mean energy intake from 2196-2877 to 2309-2866 kcal among men. For women, these ranges were 1659-2070 and 1873-2108 kcal. There was no north-south gradient in energy intake or in the prevalence of low-energy reporting. In most centres, cereals and cereal products were the largest contributors to energy intake. The food groups meat, dairy products and fats and oils were also important energy sources. In many centres, the highest mean energy intakes were observed on Saturdays. These data highlight and quantify the variations and similarities in energy intake and sources of energy intake among 10 European countries. The prevalence of low-energy reporting indicates that the study of energy intake is hampered by the problem of underreporting.

  19. Real-Time Market Concept Architecture for EcoGrid EU—A Prototype for European Smart Grids

    DEFF Research Database (Denmark)

    Ding, Yi; Pineda Morente, Salvador; Nyeng, Preben

    2014-01-01

    ) to participate in electricity markets. Current electricity markets need to be tailored to incorporate these changes regarding how electricity will be generated and consumed in the future. The EcoGrid EU is a large-scale EU-funded project, which establishes the first prototype of the future European intelligent...... grids. In this project, small-scale DERs and small end-consumers can actively participate in a new real-time electricity market by responding to 5-min real time electricity prices. In this way, the market operator will also obtain additional balancing power to cancel out the production variation...... introduced by renewable electricity generation. The real-time market concept architecture for EcoGrid EU is introduced in this paper, which provides a market-based platform and information and communication technology (ICT) infrastructure that extends the current electricity market to a shorter time horizon...

  20. Commodity futures markets: are they an effective price risk management tool for the European wheat supply chain?

    Directory of Open Access Journals (Sweden)

    Cesar Revoredo-Giha

    2013-12-01

    Full Text Available The instability of commodity prices and the hypothesis that speculative behaviour was one of its causes has brought renewed interest in futures markets. The paper analyses the European wheat futures markets (feed and milling and the Chicago Board of Trade’s wheat contract as a comparison. Although the main purpose of the paper is to analyse whether futures markets are still useful for hedging (considering the demands from different market participants, implicitly this can be seen as testing whether the increasing presence of speculation has made futures markets divorced from physical markets. The results indicate that hedging with futures markets is still a viable alternative for dealing with price risk. This is particularly true in short period hedges (e.g. merchants and processors, where the basis seems to have been affected by the observed price instability.

  1. Nuclear-Renewable Energy Systems Secondary Product Market Analysis Study

    Energy Technology Data Exchange (ETDEWEB)

    Deason, Wesley Ray [Idaho National Lab. (INL), Idaho Falls, ID (United States)

    2015-06-01

    In order to properly create a program surrounding the development of any technological concept it is necessary to fully understand the market in which it is being developed. In the case of Integrated Nuclear-Renewable Hybrid Energy Systems (HES), there are two economic markets in which it must be able to participate in: the electricity market and the secondary product market associated with the specific system. The purpose of the present report is to characterize the secondary product market in the U.S. and to provide recommendations for further developing the HES program. While HESs have been discussed in depth in many other reports, it is helpful to discuss them briefly in the present work [REF]. The concept of the HES can be deduced to a system, featuring a combination of a nuclear power plant, a renewable energy source, and an industrial manufacturing plant . The system is designed in a fashion that allows it either to produce electricity or to manufacture a secondary product as needed. The primary benefit of this concept lies in its ability to maximize economic performance of the integrated system and to manufacture products in a carbon-free manner. A secondary benefit is the enhanced supply-side flexibility gained by allowing the HES to economically provide grid services. A key tenant to nuclear power plant economics in today’s electricity market is their ability to operate at a very high capacity factor. Unfortunately, in regions with a high penetration of renewable energy, the carbon free energy produced by nuclear power may not be needed at all times. This forces the nuclear power plant to find a user for its excess capacity. This may include paying the electric grid to find a user, releasing energy to the environment by ‘dumping steam’, or reducing power. If the plant is unable to economically or safely do any of these actions, the plant is at risk of being shutdown. In order to allow for nuclear power plants to continue to contribute carbon free

  2. A RESEARCH OF E-BOOK MARKET TRENDS: NORTH AMERICA AND THE EUROPEAN COMMUNITY

    Directory of Open Access Journals (Sweden)

    Andreja Zubac

    2014-09-01

    Full Text Available AbstractPurpose: The aim of this paper is to provide an overview of research on the presence of the electronic book on the book market, its trends and developments as well as point towards the difficulties faced by all professions related to it in the countries of the European Community.Methodology / approach: This paper analyzes the domestic and foreign literature and explores the websites of companies that operate with e-books in order to get an overview of the actual state of business operations in the states mentioned in the text.Results: The emergence of the first online bookstores in the United States in the 20th century paved the way for the electronic book to enter the online market. Today, the e-book is an integral part of publishing, book trade and library activities worldwide. Economic indicators testify to a constant growth of revenues from the sale of electronic books on the book market and technology in the U.S. and Europe. This paper provides an explanation of the term electronic book and indicates the interest of many countries for its acquisition and application in order to keep up with the technological demands of the market.Research restrictions: E-book trends and business operations related to them are constantly changing. In terms of librarianship, this is most visible in public libraries as both one of the customers and as later distributors of e-books to users. In their business, new models constantly emerge together with their combinations and approaches to offering these new media.The originality: The issue of business operations in relation to the e-book is interesting to young people, libraries, publishers, authors, booksellers, etc.Contribution: This paper provides an overview of the most recent situation on the e-book market and can serve as the basis of some future researches.

  3. The German energy market. 2014 yearbook. Data and facts on conventional and renewable energy resources; Energiemarkt Deutschland. Jahrbuch 2014. Daten und Fakten zu konventionellen und erneuerbaren Energien

    Energy Technology Data Exchange (ETDEWEB)

    Schiffer, Hans-Wilhelm [RWE AG, Essen (Germany). Allgemeine Wirtschaftspolitik/Wissenschaft; RWTH Aachen Univ. (Germany). Fachbereich Technologie der Energierohstoffe; World Energy Council, London (United Kingdom). World Energy Resources

    2014-07-01

    The present book provides an overview of the energy market of the German Federal Republic. Its main emphasis is on structures of demand and supply in the markets for crude oil, brown coal, hard coal, natural gas and electricity. A special chapter has been dedicated to renewable energy resources. Another focal area are the price formation mechanisms for oil, coal, natural gas and electricity. The development of energy demand is analysed, differentiating between the sectors industry, transport, households and trade/industry/services. The book addresses the international climate protection treaties, the legal framework for climate protection activities at the European level and the implementation of trade in greenhouse gas emission permits in Germany. It presents current forecasts and scenarios, thus pointing out possible perspectives in the German energy market. It also discusses the framework conditions for Germany's energy policy. The energy markets are portrayed through facts and figures compiled in a total of 125 tables and 148 diagrams. Details of ownership of more than 100 utility companies are made transparent. The chapter on energy in the coalition agreement of 27 November 2013 between the Christian Democratic Union, Christian Social Union and the Social Democratic Party is documented verbatim. Rounding off the publication is a detailed glossary that will facilitate the reader's understanding of complex matters in the field of energy economy.

  4. Shaping sustainable energy technologies and use - a system, policy or market responsibility?

    DEFF Research Database (Denmark)

    Jørgensen, Ulrik

    2002-01-01

    The article present the problem of delegating energy technology innovation to new market condition after liberalisation.......The article present the problem of delegating energy technology innovation to new market condition after liberalisation....

  5. Tradable CO{sub 2} permits in Danish and European energy policy

    Energy Technology Data Exchange (ETDEWEB)

    Varming, S.; Vesterdal, M. [ELSAMPROJEKT A/S (Denmark); Boerre Eriksen, P. [Eltra I/S (Denmark); Grohnheit, P.E.; Nielsen, L. [RISOe (Denmark); Tinggaard Svendsen, G. [Handelshoejskolen i Aarhus (Denmark)

    2000-08-01

    This report presents the results of the project 'Tradable CO{sub 2} permits in Danish and European energy policy'. The project was financed by a grant from the Danish Energy Research Programme 1998 (Grant 1753/98-0002). The project was conducted in co-operation between Elsamprojekt A/S (project manager), Risoe National Laboratory, Aarhus School of Business and I/S Eltra. The three major objectives of the project were: To identify and analyse the economical and political issues that are relevant with regard to the construction of a tradable CO{sub 2} permit market as well as proposing a suitable design for a tradable CO{sub 2} permit market for the energy sector in the EU. Experience from the tradable S{sub O}2 permit market in the US is taken into consideration as well. To present an overview of price estimates of CO{sub 2} and greenhouse gas permits in different models as well as discussing the assumptions leading to the different outcomes. Furthermore, the special role of backstop technologies in relation to permit prices is analysed. To analyse the connection between CO{sub 2} permit prices and technology choice in the energy sector in the medium and longer term (i.e., 2010 and 2020) with a special emphasis on combined heat and power and renewables. In addition, the short-term effects on CO{sub 2} emissions and electricity trade of introducing tradable CO{sub 2} permit with limited coverage (i.e. a national system) as well as complete coverage (i.e. including all the countries) in the Nordic electricity system are analysed. (au)

  6. Overview of the Geothermal Energy Program Review X: Geothermal Energy and the Utility Market - The Opportunities and Challenges for Expanding Geothermal Energy in a Competitive Supply Market

    Energy Technology Data Exchange (ETDEWEB)

    Mock, John E.; Budraja, Vikram; Jaros, Richard; Yamaguchi, Tsutomu; Hinrichs, Thomas C.

    1992-01-01

    This overview at the Geothermal Program Review X: Geothermal Energy and the Utility Market consisted of five presentations: ''Technology Advancements to Support Growth in Geothermal Power Sales in a Dynamic Utility Market'' by John E. Mock; ''Geothermal Energy Market in Southern California: Past, Present and Future'' by Vikram Budraja; ''Taking the High Ground: Geothermal's Place in the Revolving Energy Market'' by Richard Jaros; ''Recent Developments in Japan's Hot Dry Rock Program'' by Tsutomu Yamaguchi; and ''Options in the Eleventh Year for Interim Standard Offer Number Four Contracts'' by Thomas C. Hinrichs.

  7. Commercial Aquaponics Approaching the European Market: To Consumers’ Perceptions of Aquaponics Products in Europe

    Directory of Open Access Journals (Sweden)

    Vesna Miličić

    2017-01-01

    Full Text Available The first commercial aquaponics companies are starting up in Europe. The main focus has been on solving technology issues and optimizing production. However, increasing attention is now being paid to certification and regulations linked to aquaponics, as well as the marketing of products and services. The paper presents the results of a study whose main aim was to estimate consumers’ knowledge about aquaponics and their acceptance of aquaponics products in different European regions. An on-line questionnaire was administered to the general public through the aquaponics network of Food and Agriculture COST (European Cooperation in Science and Technology Action FA1305 “The EU Aquaponics Hub—Realising Sustainable Integrated Fish and Vegetable Production for the EU” in 16 European countries. The methodology includes univariate and multivariate statistical techniques. The results show that, on average, attitudes towards aquaponics were positive, showing no significant differences between those who already knew about aquaponics and those who only heard about it through the survey. More than 50% of respondents had never heard of aquaponics, whilst more than 70% had already heard of hydroponics. No more than 17% of respondents were willing to pay more for aquaponically produced products and no more than 40% more when compared to the price of products from conventional farming. The results confirm three different clusters of potential consumers of aquaponics products. They also suggest an urgent need for implementing integrated and holistic approaches involving all stakeholders in aquaponics, in order to define a marketing plan and efficient communication strategies. This COST action, other projects and public decision makers must invest in educating consumers about aquaponics through the organization of guided tours, thematic workshops and tastings of aquaponics products in order to raise their awareness about this new technology. It is

  8. Geothermal energy and the utility market -- the opportunities and challenges for expanding geothermal energy in a competitive supply market: Proceedings

    Energy Technology Data Exchange (ETDEWEB)

    1992-01-01

    Each year the Geothermal Division of the US Department of Energy conducts an in-depth review of its entire geothermal R D program. The conference serves several purposes: a status report on current R D activities, an assessment of progress and problems, a review of management issues, and a technology transfer opportunity between DOE and the US geothermal city. This year's conference, Program Review X, was held in San Francisco on March 24--26, 1992. The theme of the review, Geothermal Energy and the Utility Market -- The Opportunities and Challenges for Expanding Geothermal Energy in a Competitive Supply Market,'' focused on the needs of the electric utility sector. Geothermal energy, with its power capacity potential of 10 GWe by the year 2010, can provide reliable, enviromentally clean electricity which can help offset the projected increase in demand. Program Review X consisted of seven sessions including an opening session with presentations by Mr. Vikram Budhraja, Vice President of System Planning and Operations, Southern California Edison Company, and Mr. Richard Jaros, President and Chief Operating Officer, California Energy Company. The six technical sessions included presentations by the relevant field researchers covering DOE-sponsored R D in hydrothermal, hot dry rock, and geopressured energy. Individual projects are processed separately for the data bases.

  9. Ground Handling Business at Non-European Biggest World Airports as a Problem of Market Structures

    Directory of Open Access Journals (Sweden)

    Anna Tomová

    2015-12-01

    Full Text Available In the paper we analyse the market structures of ground handling at the biggest non-European passenger and cargo airports in accordance with the ACI list of the most important world airports in 2014. Using the IATA IGHC database as of spring 2015, our analysis revealed that out of Europe double digit numbers of providers are rare what contrasts with situation in Europe where ground handling markets were deregulated by the Council Directive 96/67/EC. The analysis also brought that the monopolistic structures of ground handling markets were more specific for the regions of Asia and the Middle East. Airports as ground handling providers were not found within the analysed sample in North America, Latin America, Africa and Australia and Oceania, while this arrangement was to a larger extent present at the analysed Asian airports. Asia and the Middle East biggest airports are identified by us as candidates for further deregulation of ground handling arguing by forecasted demand for air services in the regions, although expected deregulation may be curbed by national regulators.

  10. THE EVOLUTION OF THE MARKETING RESEARCH MARKET ON THE LEVEL OF THE EUROPEAN UNION COUNTRIES, AFTER 2000

    Directory of Open Access Journals (Sweden)

    Laura Catalina Timiras

    2014-01-01

    Full Text Available The purpose of this paper is to identify how the marketing research market evolved after 2000 as a whole and by categories of the EU countries (the old and the new states respectively as well as the impact of the general economic development on this evolution of the market. Since 2000 the marketing research market registered a spectacular evolution in the new EU members, which certifies that it is in the growth stage. In the old member states the marketing research market reached maturity, the dynamics being slyghtly positive or even stationary. Regardless of the marketing research market trends registered in the old or in the new EU members, the development levels attained in the two categories of states are different. Thus, approximately 90% of the marketing research market of the EU belongs to the old states and only about 10% to the new members. Similarly to the markets of other products, the market studied here was also affected by the economic crisis, so all the EU countries registered involutions (followed by recoveries along with the onset of recession. In the countries analyzed, the relationship between the size of the marketing research market and the general economic development expressed by the GDP was a strong and direct one (both in the EU as a whole and by categories of EU countries, higher values of GDP being associated with larger (in terms of value marketing research markets.

  11. 77 FR 11515 - Application to Export Electric Energy; NRG Power Marketing LLC

    Science.gov (United States)

    2012-02-27

    ... Application to Export Electric Energy; NRG Power Marketing LLC AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ] ACTION: Notice of application. SUMMARY: NRG Power Marketing LLC (NRGPML) has... would be surplus energy purchased from electric utilities and Federal power marketing agencies within...

  12. 76 FR 23583 - Application of the Energy Planning and Management Program Power Marketing Initiative to the...

    Science.gov (United States)

    2011-04-27

    ... Area Power Administration Application of the Energy Planning and Management Program Power Marketing... (Western), a Federal power marketing agency of the Department of Energy (DOE), will apply the Energy Planning and Management Program (Program) Power Marketing Initiative (PMI), as modified in this notice, to...

  13. International wind energy development. World market update 2012. Forecast 2013-2017

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-03-15

    areas, for operation in high altitudes or in cold climates. American, European and Indian manufacturers have pushed Chinese manufacturers out of the top five in 2012. Despite increasing its global market share by 1.1 percent in 2012, Vestas was displaced from the No. 1 position for the first time since claiming the top spot in 2000. Meanwhile, with a global market share of more than 15 percent in 2012, GE Wind ascended from the No. 3 to the No. 1 position, boosted by a rush to capitalize on the U.S. Production Tax Credit (PTC). For the second consecutive year, a reduction in market size is forecast for the upcoming 5-year period. The World Market Update 2012 forecasts that 241,620 MW will be added through 2017, 10 percent less than the forecast made in 2011. The lowering of the forecast growth rate is mainly due to a projected slowdown in wind turbine sales in 2013 and 2015. The average growth rate for new installations from 2013 to 2017 is expected to be 5.1 percent, with a decrease of more than 10 percent in 2013 compared to 2012. That decrease will be reflected in the U.S. market in 2013, as a result of 2012's last-minute one year extension of the federal production tax credit. The U.S. market will likely face additional political uncertainty when the PTC expires after 2013. Established European wind power markets, such as Spain and Italy, are expected to decline in coming years, while China, the world's largest wind market, will still be in transition from a period of breakneck growth to one of more stable development. Special Chapter on Cold Climate Turbines: As cold climate sites often provide favorable wind conditions, the deployment of wind energy in cold climate areas is growing rapidly. World Market Update 2012 reviews the challenges presented by cold climate, provides a geographical breakdown of cold climate wind turbine markets, analyzes the economics of cold climate technologies and projects, introduces the latest commercial applications developed

  14. Status and Trends in U.S. Compliance and Voluntary Renewable Energy Certificate Markets (2010 Data)

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, Jenny [National Renewable Energy Lab. (NREL), Golden, CO (United States); Bird, Lori [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2011-10-01

    The "voluntary" or "green power" market is that in which consumers and institutions voluntarily purchase renewable energy to match all or part of their electricity needs. Voluntary action provides a revenue stream for renewable energy projects and raises consumer awareness of the benefits of renewable energy. There are numerous ways consumers and institutions can purchase renewable energy. Historically, the voluntary market has consisted of three market sectors: (1) utility green pricing programs (in states with regulated electricity markets), (2) competitive suppliers (in states with restructured electricity markets), and (3) unbundled renewable electricity certificate (REC) markets, where RECs are purchased by consumers separately from electricity ("unbundled").

  15. Market integration of responsive customers : application to energy and balancing markets

    Energy Technology Data Exchange (ETDEWEB)

    Alvarez, C.; Valencia, I.; Alcazar, M. [Univ. Politecnica de Valencia, Valencia (Spain). Inst. of Energy Engineering; Gabaldon, A.; Escriva, G. [Univ. Politecnica de Cartagena, Cartagena (Spain). Dept. of Electrical Engineering

    2009-07-01

    Demand response management methods are now being adopted by many deregulated electric utilities. This article presented details of a method designed to create offers and bids for large electricity customers. The method was developed to analyze daily and monthly energy consumption rates and participation in energy and ancillary service markets in Spain. A simulation was used to analyze day-ahead, inter-daily, and balancing scenarios. Peak demand in winter and summer months was characterized. Energy consumption was analyzed for different demand packages related to air conditioning, outdoor lighting, indoor lighting, and other domestic loads. Prices for each package were calculated in order to assess demand reduction capabilities. Differences between real consumption levels and energy prices bought at real-time prices were compared. An overview of Spanish electricity market structures was provided. Results of the study showed that electricity customers may benefit from participating in demand response programs. It was concluded that lower prices obtained during periods of low electricity production outweighed the higher costs of peak electricity periods. 13 refs., 3 tabs., 9 figs.

  16. The nuclear industry and its European markets; L`industrie nucleaire et ses marches en Europe

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-12-31

    This study gives an overview of the worldwide nuclear energy demand and reviews the different markets which are classified as `mature` (uranium extraction, enrichment, conversion and reactors building), `developing` (reprocessing, MOX fuel fabrication, maintenance and services) and `emerging` (waste treatment and dismantling). Then, the study analyzes the evolution of demand and the answers of companies and presents the strategies and performances of nuclear industry leaders. (J.S.)

  17. Energy market and reserve market modeling in simultaneous and serial implementation methods with the aim of reducing electricity costs

    Directory of Open Access Journals (Sweden)

    Ramin Ghoraba

    2012-01-01

    Full Text Available In competitive electricity markets, power needed for the network’s reserve is purchased from the ancillary service market. In this market, producing units and buyers alike announce their offers. As will be seen, energy market and reserve market implementation is possible with simultaneous method and serial method by choosing each of the methods based on the type of market and other conditions. In this paper, the energy market and the active power reserve market are simulated in two formations as serial and simultaneous for a uniform pricing system. In each method, limitations of transferring power over the lines, based on available transfer capacity (ATC, is considered alongside the other constraints in the energy market and the active power reserve market. Then, during network overload, economic dispatch is accomplished between winner units in the reserve market by using a linear optimization problem, and needed power is provided from these units at a minimal cost. Finally, our proposed methods are implemented on an IEEE 39-bus test system and results are analyzed.

  18. 2015 European School of High-Energy Physics

    CERN Multimedia

    2015-01-01

    Dear colleagues, I would like to draw your attention to the 2015 European School of High-Energy Physics. Details can be found at: http://physicschool.web.cern.ch/PhysicSchool/ESHEP/ESHEP2015/default.html The School will be held in Bulgaria from 2-15 September 2015. PLEASE NOTE THAT THE DEADLINE FOR APPLICATIONS IS 8 May 2015. The lectures will cover a broad range of HEP topics at a level suitable for students working towards a PhD in experimental particle physics. Note that, as indicated on the website, one or two students from developing countries may be considered for the award of financial support. Nick Ellis (On behalf of the Organising Committee)

  19. 2015 European School of High-Energy Physics

    CERN Multimedia

    2015-01-01

    Dear colleagues, I would like to draw your attention to the 2015 European School of High-Energy Physics. Details can be found at:    http://physicschool.web.cern.ch/PhysicSchool/ESHEP/ESHEP2015/default.html   The School will be held in Bulgaria from 2-15 September 2015. PLEASE NOTE THAT THE DEADLINE FOR APPLICATIONS IS 8 May 2015 The lectures will cover a broad range of HEP topics at a level suitable for students working towards a PhD in experimental particle physics.  Note that, as indicated on the website, one or two students from developing countries may be considered for the award of financial support.   Nick Ellis (On behalf of the Organising Committee)

  20. 78 FR 44556 - Chesapeake Energy Marketing, Inc. v. Midcontinent Express Pipeline LLC; Notice of Complaint

    Science.gov (United States)

    2013-07-24

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Chesapeake Energy Marketing, Inc. v. Midcontinent Express Pipeline LLC... Energy Regulatory Commission (Commission), 18 CFR 385.206, Chesapeake Energy Marketing, Inc. (CEMI or...

  1. Analysis of carbon mitigation policies. Feed-in tariffs, energy and carbon price interactions and competitive distortions on carbon markets

    Energy Technology Data Exchange (ETDEWEB)

    Reichenbach, Johanna

    2011-07-19

    I study several policy instruments for carbon mitigation with a focus on subsidies for renewable energies, emission taxes and emission allowances. In Chapter 1, I analyze the optimal design and the welfare implications of two policies consisting of an emission tax for conventional fossil-fuel utilities combined with a subsidy for the producers of renewable energy equipment and an emission tax combined with a feed-in tariff for renewable electricity. In Chapter 2 I study the empirical interrelationships between European emission allowance prices and prices for electricity, hard coal and natural gas with an application to portfolio allocation. In Chapters 3 and 4, I discuss several policy-related issues of emissions trading, in particular the potential for market manipulations by firms holding a dominant position in the emission market, the output market or both, and competitive distortions and leakage due to unequal emission regulations across industries, sectors, regions, or countries. (orig.)

  2. Regulation of international energy markets: Economic effects of political actions

    Science.gov (United States)

    Shcherbakova, Anastasia V.

    Recent increases in volatility of energy prices have led many governments to reevaluate their regard of national energy reserves and reconsider future exploration, production, and consumption patterns. The flurry of activity that has been generated by such price volatility has included large-scale nationalizations of energy sectors, unilateral renegotiations of foreign energy development contracts, and expropriations of resources from foreign energy firms on one hand, and on the other hand more rapid energy sector liberalization, intensified search for and development of renewable fuels and technologies, and development of incentives for increased energy efficiency and conservation. The aim of this dissertation is to examine and quantify the extent of positive and negative effects that have resulted from some of these activities. The first chapter focuses on quantifying the effect that nationalistic sentiment has had on economic attractiveness of energy sectors during the decade prior to the recent global economic crisis, as measured by foreign direct investment (FDI) inflows. Empirical results demonstrate that both political and economic conditions play an important role in investors' decisions. A combination of investment friendliness, corruption levels, and democracy all help to explain the trends in energy-sector investment levels over time in my sample countries, although differences in the types of corruption existing in these nations do not. Investment levels, in turn, appear to influence future levels of oil production, underscoring the significance of good investment policies for future success of energy sectors. Chapter two considers the response of energy stock prices to severe regulatory actions. It employs an event study framework to examine causal effects of critical informational announcements (i.e. events of expropriation and nationalization) on daily returns and cumulative losses in firm value of energy corporations. Results show that a firm

  3. The marketing of energy efficient design (EED) in the UK

    Energy Technology Data Exchange (ETDEWEB)

    Sterlini, P.A. [Electricity Association, London (United Kingdom)

    1992-12-31

    A new electric heating concept known as Energy Efficient Design (EED), adopted by the Electricity Association in the United Kingdom, was discussed. It was designed for commercial office buildings to offer an alternative to the use of low pressure hot water central heating systems running on fossil fuels. Market research was used to help understand the attitudes towards electricity as a source of heating energy. The EED concept comprises several different components: the specification of high thermal insulation standards, a very responsive de-centralized heating system, a structure with high thermal mass and a control system to prevent the misuse of energy. The emphasis of the design is on efficiency, economy, control and flexibility.

  4. Use of wind energy in selected European countries -- Legislation and promotion incentives; Windenergienutzung in ausgewaehlten europaeischen Laendern: Gesetzgebung und Foerdermassnahmen

    Energy Technology Data Exchange (ETDEWEB)

    Langraf, B.; Kellner, T.

    2000-07-01

    This final report for the Swiss Federal Office of Energy (SFOE) reviews the strategies for the promotion of the use of wind energy used in various countries in Europe. The three main types of promotion - fixed-tariff purchase of renewable energy, call-for-tender systems and the trading of green energy certificates - are described. An appendix illustrates these three types of promotion with their advantages and disadvantages. The ambitious European Union guidelines on the proposed raising of the proportion of renewable energy are reviewed and the commercial implications in terms of increased turnover are looked at. The effects of electricity market liberalisation are examined, particularly in the fixed-tariff purchasing area. The situation in Switzerland, where much less effort is being made to promote renewable energy sources, is reviewed and the dangers of being left behind in the worldwide market for economic and ecological energy technology are stressed. The report is concluded with recommendations for Switzerland on how existing regulations can be improved and how the market for electricity from renewable sources can be opened.

  5. Large-scale integration of renewable energy into international electricity markets

    DEFF Research Database (Denmark)

    Lund, Henrik

    2004-01-01

    The paper presents the ability of different energy systems and regulation strategies to integrate renewable energy sources (RES) into the electricity supply system. The fluctuating electricity production from renewable energy must interact with the rest of the production units in order to make it...... capacity. Such investments are feasible because the ability to benefit from trade of electricity on the exchange is improved. At the same time the economic advantage of renewable energy is increased.......The paper presents the ability of different energy systems and regulation strategies to integrate renewable energy sources (RES) into the electricity supply system. The fluctuating electricity production from renewable energy must interact with the rest of the production units in order to make...... it possible for the system to secure a balance between supply and demand. At the same time most European electricity systems are in the process of being transformed into competitive electricity markets. Already today, the annual share of wind power in the western part of Denmark is nearly 20 percent, which...

  6. Appraisal of the European Commission's Energy Roadmap 2050

    Energy Technology Data Exchange (ETDEWEB)

    Meeus, L. [Florence School of Regulation, RSCAS, European University Institute, Florence (Italy)

    2012-04-15

    What is the European energy strategy for 2050? How different is it from the 2020 energy strategy? What are the technology options? What are the policy options? The European Commission provided a first answer to these questions in its Energy Roadmap 2050. This article gives an appraisal of that answer based on the recommendations we made during the preparation of the roadmap.

  7. Towards a European Smart Energy System - ICT innovation goals and considerations

    NARCIS (Netherlands)

    F.N. Claessen (Felix); J.A. La Poutré (Han)

    2014-01-01

    textabstractThe EU-driven integration of European energy systems and the development of a Smart Energy System involves many key players. The success of a European Smart Energy Systems relies heavily on the development of well-designed ICT solutions in all related sectors. Because such ICT solutions

  8. Fusion for Energy: A new European organization for the development of fusion energy

    Energy Technology Data Exchange (ETDEWEB)

    Gambier, Didier [Fusion for Energy, Torres Diagonal Litoral B3 (TDL-B3), Josep Pla 2, 08019 Barcelona (Spain)], E-mail: Didier.gambier@f4e.europa.eu

    2009-06-15

    The European Joint Undertaking for ITER and the Development of Fusion Energy or ('Fusion for Energy' of F4E for short) is a new organisation that has been established with the main objective of providing Europe's contribution to the ITER International Organisation (IO) as its Domestic Agency. Fusion for Energy is also the Implementing Agency for the Broader Approach projects being carried out with Japan and, in the longer term, will prepare a programme for the construction of demonstration fusion reactors (DEMO). The threefold mission of Fusion for Energy is consistent with the fast track strategy for the realisation of fusion energy. This paper aims to provide an overview of the current status of Fusion for Energy and highlight some of the opportunities available for research organisations and industry to participate.

  9. Low Emission Energy Scenarios for the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Barrett, Mark (Complex Environment Systems Group, Bartlett School of Graduate Studies, Univ. College London (GB))

    2007-12-15

    Energy consumption is a major cause of carbon dioxide emission, and also largely determines the uncontrolled emissions of many other pollutants. In consequence, energy scenarios are key inputs to the projection of pollution emission, and the formulation of strategies to reduce pollution and achieve environmental objectives. Alternative energy strategies including behavioral change, demand management, energy efficiency, and low carbon fuels are explored in this report. In addition to abating greenhouse gas emissions, these strategies can facilitate cheaper and greater abatement of other atmospheric pollutants as compared to higher carbon scenarios. In general, achieving a given air pollution emission target costs less in a low carbon scenario than in a high carbon scenario. This work is aimed at producing policies that exploit the positive synergy between strategies to limit global warming, and strategies for reaching other environmental objectives such as reduced acidification and improved air quality. Low carbon energy scenarios can improve energy security by reducing the consumption if finite fuels and reducing import requirements. The given objective was to produce scenarios in which the total emission of carbon dioxide from the twenty-five countries of the European Union is reduced by at least 30% over the period 1990 to 2020. To this end scenarios have been produced for each of the twenty-five EU countries taking into account recent historical data and assumed economic and population growths taken from other studies, and selections of policies measures. The scenarios show that, as compared to 1990, CO{sub 2} reductions of more than 30% are feasible by 2020, and that larger reductions are possible, especially in the longer term as technologies with long lifetimes such as power stations, are replaced. Data from the energy scenarios were input to the GAINS (Greenhouse Gas and Air Pollution Interactions and Synergies) model of IIASA (International Institute for

  10. Time-varying convergence in European electricity spot markets and their association with carbon and fuel prices

    OpenAIRE

    MENEZES, L. de M.; Houllier, M.; Tamvakis, M.

    2016-01-01

    Long-run dynamics of electricity prices are expected to reflect fuel price developments, since fuels generally account for a large share in the cost of generation. As an integrated European market for electricity develops, wholesale electricity prices should be converging as a result of market coupling and increased interconnectivity. Electricity mixes are also changing, spurred by a drive to significantly in-crease the share of renewables. Consequently, the electricity wholesale price dynami...

  11. Exchange rate effect on stock returns in the East European emerging markets: A quantile regression approach

    Directory of Open Access Journals (Sweden)

    Živkov Dejan

    2014-01-01

    Full Text Available This paper investigates relationship between returns of stock prices and exchange rate changes in four East European emerging markets (Serbia, Poland, Hungary and Czech Republic using weekly data from January 2003 to June 2013. Two theories explain the connection in the economic literature - flow-oriented and portfolio-balance models, without a finite and conclusive answer on which one is predominant. Considering our relatively large sample period which also includes world crisis outbreak, the used empirical data have been compromised by structural breaks and heterogeneous unconditional distribution. To avoid parameter bias and wrong conclusions, authors used four auto-regressive distributed lag ADL(2,2 models assessed with quantile regression method, robust to non-normality problems. The results indicate that relationship between these variables is in accordance with portfolio-balance models in three out of four analyzed countries.

  12. The political economy of a tradable GHG permit market in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Markussen, P.; Tinggaard Svendsen, G.; Vesterdal, M.

    2002-07-01

    The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is to outcome a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stake holders all had the opportunity to comment on the Green Paper and from their directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market. This industrial rent-seeking most prominently lead to a grand fathered permit allocation rule like the one found in the US tradable permit systems. (au)

  13. The energy divide: Integrating energy transitions, regional inequalities and poverty trends in the European Union

    Science.gov (United States)

    Bouzarovski, Stefan; Tirado Herrero, Sergio

    2016-01-01

    Energy poverty can be understood as the inability of a household to secure a socially and materially necessitated level of energy services in the home. While the condition is widespread across Europe, its spatial and social distribution is highly uneven. In this paper, the existence of a geographical energy poverty divide in the European Union (EU) provides a starting point for conceptualizing and exploring the relationship between energy transitions – commonly described as wide-ranging processes of socio-technical change – and existing patterns of regional economic inequality. We have undertaken a comprehensive analysis of spatial and temporal trends in the national-scale patterns of energy poverty, as well as gas and electricity prices. The results of our work indicate that the classic economic development distinction between the core and periphery also holds true in the case of energy poverty, as the incidence of this phenomenon is significantly higher in Southern and Eastern European EU Member States. The paper thus aims to provide the building blocks for a novel theoretical integration of questions of path-dependency, uneven development and material deprivation in existing interpretations of energy transitions. PMID:28690374

  14. The energy divide: Integrating energy transitions, regional inequalities and poverty trends in the European Union.

    Science.gov (United States)

    Bouzarovski, Stefan; Tirado Herrero, Sergio

    2017-01-01

    Energy poverty can be understood as the inability of a household to secure a socially and materially necessitated level of energy services in the home. While the condition is widespread across Europe, its spatial and social distribution is highly uneven. In this paper, the existence of a geographical energy poverty divide in the European Union (EU) provides a starting point for conceptualizing and exploring the relationship between energy transitions - commonly described as wide-ranging processes of socio-technical change - and existing patterns of regional economic inequality. We have undertaken a comprehensive analysis of spatial and temporal trends in the national-scale patterns of energy poverty, as well as gas and electricity prices. The results of our work indicate that the classic economic development distinction between the core and periphery also holds true in the case of energy poverty, as the incidence of this phenomenon is significantly higher in Southern and Eastern European EU Member States. The paper thus aims to provide the building blocks for a novel theoretical integration of questions of path-dependency, uneven development and material deprivation in existing interpretations of energy transitions.

  15. Exposure to Online Alcohol Marketing and Adolescents' Drinking: A Cross-sectional Study in Four European Countries.

    Science.gov (United States)

    de Bruijn, Avalon; Engels, Rutger; Anderson, Peter; Bujalski, Michal; Gosselt, Jordy; Schreckenberg, Dirk; Wohtge, Jördis; de Leeuw, Rebecca

    2016-09-01

    The Internet is the leading medium among European adolescents in contemporary times; even more time is spent on the Internet than watching television. This study investigates associations between online alcohol marketing exposure and onset of drinking and binge drinking among adolescents in four European countries. A total of 9038 students with a mean age of 14.05 (SD 0.82) participated in a school-based survey in Germany, Italy, the Netherlands and Poland. Logistic regression analyses of cross-sectional cross-country survey data were undertaken. Exposure to online alcohol marketing, televised alcohol advertising and ownership of alcohol-branded items was estimated to be controlled for relevant confounders. Onset of drinking and binge drinking in the past 30 days were included in the study as outcome variables. Adjusted for relevant confounders, higher exposure to (online) alcohol marketing exposure was found to be related to the odds of starting to drink (p online alcohol marketing was found to interact more strongly with drinking outcomes than passive exposure to online alcohol marketing. Youngsters in the four European countries report frequent exposure to online alcohol marketing. The association between this exposure and adolescents' drinking was robust and seems consistent across national contexts. © The Author 2016. Medical Council on Alcohol and Oxford University Press. All rights reserved.

  16. Western Interconnection Energy Imbalance Market Status and Prospects (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Milligan, M.; Kirby, B.; King, J.; Beuning, S.

    2011-10-01

    This presentation describes how a new wholesale electricity market for energy imbalance ancillary services could be implemented and operated. Some conclusions of this presentation are: (1) Method for calculating additional reserve requirements due to wind and solar production; (2) EIM results in substantial reduction in reserves requirements and ramping demand; (3) Reduced participation reduces benefits for all but reduces the benefits to non-participants the most; (4) Full participation leads to maximum benefit across the Western Interconnection, up to 42% of total reserve requirement; and (5) Regional EIM implementations have smaller but substantial benefits.

  17. Powering change in low-income energy markets

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, Emma; Garside, Ben

    2011-06-15

    Market-based interventions to improve access to energy rarely benefit the poorest, especially if they are driven by specific technologies or external agendas, such as climate change mitigation. Failure to understand local needs and preferences results in inappropriate goods and services and low uptake. Yet business can deliver low-carbon technologies to the 'bottom billion' and support sustainable development. To do so, they must work more closely with government agencies, development practitioners and local communities in designing and delivering products and services. Impact should be measured in terms of development benefits, not products sold or carbon emissions saved.

  18. WINS. Market Simulation Tool for Facilitating Wind Energy Integration

    Energy Technology Data Exchange (ETDEWEB)

    Shahidehpour, Mohammad [Illinois Inst. of Technology, Chicago, IL (United States)

    2012-10-30

    Integrating 20% or more wind energy into the system and transmitting large sums of wind energy over long distances will require a decision making capability that can handle very large scale power systems with tens of thousands of buses and lines. There is a need to explore innovative analytical and implementation solutions for continuing reliable operations with the most economical integration of additional wind energy in power systems. A number of wind integration solution paths involve the adoption of new operating policies, dynamic scheduling of wind power across interties, pooling integration services, and adopting new transmission scheduling practices. Such practices can be examined by the decision tool developed by this project. This project developed a very efficient decision tool called Wind INtegration Simulator (WINS) and applied WINS to facilitate wind energy integration studies. WINS focused on augmenting the existing power utility capabilities to support collaborative planning, analysis, and wind integration project implementations. WINS also had the capability of simulating energy storage facilities so that feasibility studies of integrated wind energy system applications can be performed for systems with high wind energy penetrations. The development of WINS represents a major expansion of a very efficient decision tool called POwer Market Simulator (POMS), which was developed by IIT and has been used extensively for power system studies for decades. Specifically, WINS provides the following superiorities; (1) An integrated framework is included in WINS for the comprehensive modeling of DC transmission configurations, including mono-pole, bi-pole, tri-pole, back-to-back, and multi-terminal connection, as well as AC/DC converter models including current source converters (CSC) and voltage source converters (VSC); (2) An existing shortcoming of traditional decision tools for wind integration is the limited availability of user interface, i.e., decision

  19. 78 FR 64207 - Application To Export Electric Energy; New Brunswick Energy Marketing Corporation (f/k/a New...

    Science.gov (United States)

    2013-10-28

    ... Generation Corporation, to transmit electric energy from the United States to Canada as a power marketer for... a power marketer in New Brunswick Province, Canada. The principal business of NBEMC, as directed by...

  20. The main directions of adaptation regulation of admission to market of road transport in Ukraine according to European Union standards

    Directory of Open Access Journals (Sweden)

    V. A. Balin

    2014-10-01

    The peculiarities of legal regulation of individual elements of the transport sector, in particular concerning common rules for access to the market of transport services. In this regard, special attention is paid to the analysis of the Law of Ukraine «On the State Program of Adaptation of Ukraine to the European Union», the Association Agreement between Ukraine and the European Union and the relevant regulations of the European Union. Reveals the order in which the following requirements for companies involved in the activities of road transport operator. Considerable attention is paid to the coverage of liberalization road transport.