Recent Advances in Electricity Economics

Dear Colleagues,

Recent technological changes (renewables, energy storage, power electronics, etc.) combined with new environmental requirements and costs (externalities) are forcing governments and regulators to reassess current electricity businesses, and look for new business models that are environmentally friendly in this new context.

Under these circumstances, technical analysis is necessary, but not sufficient, since adopting certain solutions may have serious effects on the efficiency of the system, the surpluses of producers and consumers, or welfare and economic growth.

This Special Issue is being launched with the aim of reviewing the economic effects of the adoption of different initiatives (dismantling coal, nuclear, or conventional generation plants; electric-car deployment; the development of power electronics; self-consumption; renewable energy integration; CO2 prices (ECTS); changes in consumer habits; big-data applications, etc.) in various aspects, both in the electricity markets (day ahead and ancillary services) and in the rest of the energy markets (gas and coal), and the environmental impacts on emission levels and ECTS prices, as well as, from a macroeconomic point of view regarding economic growth, the overall efficiency of the system and unemployment rates.

There are a large number of analytical tools that can be used in these analyses, among which we can highlight, without limiting ourselves, those of comparative statics, simulation, econometrics, microeconometrics, microdata, hedonic regression, casual inference, longitudinal data, panel data, big data, data mining, machine learning, clustering, system dynamics analysis, input–output tables, general equilibrium models (CGE), time series, demand forecasting, data envelopment analysis (DEA), and stochastic frontier analysis (SFA).

In our opinion, this discussion is necessary and should be of interest to governments, regulators, utilities, investment funds and, of course, academics.

Dr. Angel Arcos-Vargas
Dr. Fernando Núñez
Guest Editors

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• Economic analysis
• Electricity markets
• Environment
• Renewables
• Grid integration
• Electric vehicles
• Demand electrification