The role of Portuguese electricity generation regimes and industrial production
António Marques () and
José Alberto Fuinhas ()
Renewable and Sustainable Energy Reviews, 2015, vol. 43, issue C, 321-330
Abstract:
This paper examines how renewables (special regime) simultaneously interact with conventional sources (ordinary regime), within the Portuguese electricity generation system. There is also an appraisal of the relationship between these two regimes and economic activity, using the industrial production index. First difference VAR modelling was applied for monthly data for the time span of 2007:M1 to 2012:M10. The appropriateness of the VAR is proved. The relationship between variables develops within a structure of endogeneity, i.e., they generate feedback and may be both explained and explaining variables, simultaneously. The outcomes show a strong complementarity between the ordinary and special regimes. Economic activity causes electricity consumption but only the special regime causes economic activity. Moreover, the non-renewable component of the special regime does not cause a need for backup from either the ordinary regime or imports, contributing to a reduction in energy dependency.
Keywords: Electricity generation; Special and ordinary regimes; Granger causality; VAR (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032114009927
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:43:y:2015:i:c:p:321-330
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic
DOI: 10.1016/j.rser.2014.11.053
Access Statistics for this article
Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski
More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().