Panel regression analysis of electricity prices and renewable energy in the European Union

Marek Cech
Authors registered in the RePEc Author Service: Karel Janda

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides an econometric panel data model with data collected from 13 member states of the European Union over the period between 2010 and 2013 analysing two energy and climate relationships. First, it investigates the impact of the share of renewable energy sources in the final electricity production on the European consumer electricity prices. Second, it analyzes whether the replacement of fossil fuels by renewable energy causes a significant decrease in the greenhouse gases (specifically carbon dioxide) emissions. The results of our model analysis suggest that household electricity prices in the studied countries increase with the deployment of renewable electricity production. On the contrary, a negative effect of the renewables used in energy consumption on the CO2 emissions produced was found by the model regression.

Keywords: electricity price; renewable energy sources; energy policy; European Union (search for similar items in EconPapers)
JEL-codes: Q20 Q40 (search for similar items in EconPapers)
Date: 2016-10-16
New Economics Papers: this item is included in nep-ene, nep-eur and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:74601

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