Effects of Increased Renewable Energy Consumption on Electricity Prices: Evidence for Six South American Countries

Autor: Ronny Correa-Quezada, María del Cisne Tituaña-Castillo, María de la Cruz del Río-Rama, José Álvarez-García
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Energies, Vol 15, Iss 2, p 620 (2022)
Druh dokumentu: article
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: Directory of Open Access Journals
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