Substitution in the electric power industry: An interregional comparison in the eastern US

Gao, Jing; Nelson, Robert F.; Zhang, Lei

doi:10.1016/j.eneco.2013.07.011

Cited by 11 publications

(7 citation statements)

References 30 publications

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“…As there is sufficient evidence to conclude that the indication of four cointegrating vectors is likely to be spurious, the focus is placed on the results produced by VECM 2 (Table 1) where two cointegrating vectors are assumed. CCGT electricity is a long-term substitute of conventional thermal electricity, with elasticity equal to -0.46, a result supported by the literature related to interfuel substitution in the power industry [78]. Results further indicate that electricity generated by both nuclear and renewable…”

Section: Discussionsupporting

confidence: 69%

The long-term effect of renewable electricity on employment in the United Kingdom

Arvanitopoulos

Agnolucci

2020

Renewable and Sustainable Energy Reviews

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Assessment of the employment impact of renewable electricity technologies is generally implemented through either complex and data-intensive methods (such as Computable General Equilibrium models) or simplistic approaches, normally focused on specific energy generation technologies, such as employment factors. In contrast, this article proposes a transparent and easily reproducible econometric methodology based on the Vector Error Correction model that uses aggregated and widely available data. The model is applied to the power generation sector in the United Kingdom using annual data from 1990 onwards and provides evidence that the long-term employment impact of renewable technologies is much higher than the impact arising from deploying nuclear or natural gas technologies.The impulse response function analysis indicates that a permanent 1 Gigawatt-hours increase in annual electricity supply generated by renewable technologies creates 3.5 jobs in the long-term period. Finally, this study derives the implications of the findings in the context of decarbonisation scenarios for the power sector in the United Kingdom and assesses the extent to which decarbonisation pathways based on renewable rather than nuclear technologies contribute to stimulating employment in the generation sector. Highlights Novel econometric methodology to estimate renewable energy net employment impact  Method employs relatively aggregated data on UK national level  1 GWh increase in annual renewable energy creates 3.5 long-term jobs  Renewable energy generates about 6 times more jobs than nuclear *

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Section: Discussionsupporting

confidence: 69%

The long-term effect of renewable electricity on employment in the United Kingdom

Arvanitopoulos

Agnolucci

2020

Renewable and Sustainable Energy Reviews

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“…Specifically, regions experiencing more coal-to-gas switching experience smaller electricity price drops. Gao et al (2013) found substitutability between oil and gas, and between coal and gas. Gyamfi et al (2021) found a weak correlation between nuclear power generation with energy from oil, gas, and coal.…”

Section: Fossil Fuel Price Nuclear Energy Generation and Comentioning

confidence: 98%

Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region

Adi,

Pawenary,

Prabowo

2023

IJEEP

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The net-zero scenario by 2050 (NZE) is a normative scenario that sets the stage for the global energy sector to reach net-zero emissions by 2050. This research aims to explore nuclear energy generation as a potential technological change in a future power generation base load, the factors that are affected and the effects on economic growth, FDI inflow, and CO2 emission in developed and developing countries in the Asia Pacific. The empirical analysis uses time-series data of nuclear energy generation, fossil fuel price, energy mix generation, economic growth, FDI inflow, and CO2 emission in the period 2001 – 2021. The inferential statistical method used to analyse in this research is a component-based using SmartPLS 3.2.9. This research find that Fossil fuel prices have no significant positive effect on nuclear energy generation in developed countries, and the opposite in developing countries, while a negative not significant effect on CO2 emission in both developed and developing countries, with a positive significant effect on economic growth in developed countries and the opposite in developing countries, with a negative significant effect on FDI inflow in developed countries and the opposite in developing countries, with a negative not significant effect on energy mix generation in developed countries and the opposite in developing countries. Nuclear energy generation has a negative not significant effect on energy mix generation in developed countries and the opposite in developing countries, with a negative not significant effect on economic growth in developed countries and the opposite in developing countries, with a positive not significant effect on FDI inflow in developed countries and the opposite in developing countries, with a positive significant effect on CO2 emission in developed countries and the opposite in developing countries. The energy mix generation find has a negative significant effect on economic growth in developed countries and the opposite in developing countries, with a positive significant effect on FDI Inflow and CO2 emission in both developed and developing countries. Economic growth has a negative not significant effect on CO2 emission in both developed and developing countries. FDI inflow has a negative significant effect on CO2 emission in developed countries and the opposite in developing countries.

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“…Ref. [6] focused on substitution in the electric power industry of the eastern US, and Ref. [15] investigated the potential substitution among energy, capital, and labor in Chinese transport industry by employing a translog production and cost function.…”

Section: Literature Reviewmentioning

confidence: 99%

Estimation of inter-fuel substitution possibilities in China's transport industry using ridge regression

Xie

Giarola

2015

Energy

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Substitution in the electric power industry: An interregional comparison in the eastern US

Cited by 11 publications

References 30 publications

The long-term effect of renewable electricity on employment in the United Kingdom

The long-term effect of renewable electricity on employment in the United Kingdom

Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region

Estimation of inter-fuel substitution possibilities in China's transport industry using ridge regression

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