The tipping point of electricity price attention: When a problem becomes a problem

Erik Haugom, Štefan Lyócsa and Martina Halousková

Economics Letters, 2024, vol. 235, issue C

Abstract: We study the relationship between Norwegian electricity prices and the public’s attention towards these using data from i) all Norwegian newspapers, ii) Norwegian Tweets, and iii) (Norwegian) Google searches over a sample period from 2014-2022. Our results suggest that attention is non-linearly related to both the electricity price level and its volatility. Using threshold auto-regressive models, we estimate ‘tipping points’ for all attention measures in the €50-60/MWh range. The results have important policy implications, pointing to specific price levels for which society becomes increasingly concerned about electricity prices.

Keywords: Electricity price; Electricity price volatility; Attention; Norway; Twitter (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:235:y:2024:i:c:s0165176524000314

DOI: 10.1016/j.econlet.2024.111547

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