Effects of Increased Renewable Energy Consumption on Electricity Prices: Evidence for Six South American Countries
| Autor: | María del Cisne Tituaña Castillo, María de la Cruz Del Río-Rama, Ronny Correa-Quezada, José Álvarez-García |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Technology
Control and Optimization Renewable Energy Sustainability and the Environment Energy Engineering and Power Technology electrical energy renewable energy South America panel data 3322.05 Fuentes no Convencionales de Energía 5302 Econometría 5312.05 Energía Electrical and Electronic Engineering Engineering (miscellaneous) Energy (miscellaneous) |
| Zdroj: | Energies; Volume 15; Issue 2; Pages: 620 Investigo. Repositorio Institucional de la Universidade de Vigo Universidade de Vigo (UVigo) Energies, Vol 15, Iss 620, p 620 (2022) |
| ISSN: | 1996-1073 |
| DOI: | 10.3390/en15020620 |
| Popis: | This research examines the relationship between renewable energy consumption and electricity prices in six South American countries (Argentina, Bolivia, Colombia, Chile, Ecuador and Peru). The methodology used is a panel econometric model with annual data for the period 1990–2015. The results show that the consumption of renewable energies influences the price of electricity paid by households, although its influence is very moderate. On the other hand, it was observed that the consumption of renewable energies has no relationship with the energy prices of the industrial sector and the commercial and services sector. In the countries analyzed, an increase in GDP causes an increase in the price of energy in the industrial sector. With more CO2 emissions and a rise in the international price of oil, the annual average price of the industrial sector decreases. |
| Databáze: | OpenAIRE |
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