Recent issues in the analysis of energy prices: special issue editorial.

• Jurisdiction: Italia
• Author: Nguyen, Duc Khuong
• Date: 01 July 2016

This special issue of the European Journal of Comparative Economics gathers three research papers from highly-qualified researchers from the field of energy economics, which have been presented at the 4th International Research Meeting in Business and Management (5 July 2014, Nice, France). The papers provide careful empirical analysis making use of recent econometric techniques drawn from financial econometrics for most of them. In these papers, the issue of how energy prices are determined is the central question and the authors find alternative explanatory variables such as renewable energy prices (and volumes), exchange rates or stock indices. The findings have important implications for various economic agents, to the extent that both the macroeconomic and financial environments have become more uncertain and that governments of most countries around the world have invited specialists to think about sustainable development and financing.

In their study "Wind power feed-in impact on electricity prices in Germany 2009-2013", Francois Benhmad and Jacques Percebois develop a motivating empirical analysis of the impact of renewable energy sources on the spot price level and volatility for Germany, thus extending the analysis of electricity price dynamics initiated in...