The Econometrics of Energy Systems by Jacques Girod, Jan Horst Keppler, R. Bourbonnais

By Jacques Girod, Jan Horst Keppler, R. Bourbonnais

The complexity and volatility of power markets creates powerful call for for quantitative research and econometric suggestions. This e-book bargains an creation to the state-of-the-art in econometric modelling utilized to the main pertinent matters in modern-day strength markets for a greater realizing of the operating of power structures and effort economics.

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In addition, the definitions depend on the energy system considered. The present tendency is always to push back these limits to include a maximum number of components (embodied energy, waste, emissions, externalities, totality of material and so on) and to extend aggregates to the dimensions of the biosphere. 4 The aggregates of the energy balance sheet As with all balance sheets, the successive summations of the rows and columns determine intermediate aggregates and overall aggregates. The regroupings most often performed are done, either for each of the three blocks of the balance sheet (supply, transformation, consumption), or for each of the categories of energy products (coal, oil, gas, electricity, renewable energies).

Qn ) = [ i k aik Qi Qk ]1/2 and under the hypothesis of cost minimization, the Fisher quantity index corresponds to the ratio of the utility function, the ‘true’ quantity index in the economic sense: QF (P 0 , P 1 , Q 0 , Q 1 ) = f (Q 1 )/f (Q 0 ) and the price index to the ratio Nathalie Desbrosses and Jacques Girod 17 of the cost function P F (P 0 , P 1 , Q 0 , Q 1 ) = C(P 1 )/C(P 0 ). C(P 0 ) = i i Pi1 Qi1 Pi0 Qi0 These indices are called ‘Superlative indices’ because they are identical to the Fisher ideal index.

1. In order to conserve the same notation for all of the indices, these expressions are given for the time interval [0, T] and not for [0, 1]. Because of the regular evolution of consumption and the relatively slight price variations during the period 1990–2003, the values of the four quantity and price indices (Laspeyre, Paasche, Fisher, Törnqvist-Divisia) differ only slightly. 908. Energy intensity and its decomposition Energy intensity belongs to the general category of energy indicators which establish the ratios either between the energy system magnitudes or between these and the demographic, geographic or economic magnitudes.

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