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

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  • Cech, Marek

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.

Suggested Citation

  • Cech, Marek, 2016. "Panel regression analysis of electricity prices and renewable energy in the European Union," MPRA Paper 74601, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74601
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    electricity price; renewable energy sources; energy policy; European Union;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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