Energy
Economic Impact of the Natural Energy Laboratory Hawaii Authority Tenant on the State of Hawaii in 2018
NELHA contracted the University of Hawaii Economic Research Organization (UHERO) to estimate its economic impact on the State of Hawaii. To estimate expenditures made by NELHA tenants in 2018, UHERO researchers developed a survey where expenditures were broken down into 17 named categories and respondents were asked to provide total expenditures in 2018 and the […]
Read MoreThe role of power prices in structural transformation: Evidence from the Philippines
The Philippines provides an extreme example of Rodrik’s observation that late developing countries experience deindustrialization at lower levels of per capita income than more advanced economies. Previous studies point to the role of protectionist policies, financial crises, and currency overvaluation as explanations for the shrinking share of the industry sector. We complement this literature by […]
Read MoreThe Role of Electricity prices in Structural Transformation: Evidence from the Philippines
The Philippines provides an extreme example of Rodrik’s observation that late developing countries experience deindustrialization at lower levels of per capita income than more advanced economies. Previous studies point to the role of protectionist policies, financial crises, and currency overvaluation as explanations for the shrinking share of the industry sector. We complement this literature by […]
Read MoreRevenue Decoupling for Electric Utilities: Impacts on Prices and Welfare
Under traditional (cost-of-service) electric utility regulation, regulated utilities may not recover their fixed costs when their sales are lower than expected. Revenue decoupling (RD) is a mechanism that allows price adjustments so that the regulated utility recovers its required revenue. This paper investigates the welfare and distributional impacts of RD. Theoretically, we find that the […]
Read MoreIntegrating Renewable Energy with Time Varying Pricing
With increasing adoption of intermittent sources of renewable energy, effective integration is paramount to fully realizing societal benefits. This study asks the question, how valuable is residential real-time pricing (RTP) in comparison to time-of-use (TOU) rates to absorb increasing sources of intermittent renewable energy? We couple a detailed power sector model with a residential electricity […]
Read MoreIntegrating Renewable Energy: A Commercial Sector Perspective on Price-Responsive Load-Shifting
Price-based demand response is an important component to achieving Hawaii’s 100% Renewable Portfolio Standard. This report provides a review of the impacts of time varying pricing programs for the commercial and industrial sectors. It presents commercial sector load patterns and rates for Oahu to gain insight into the potential impacts by sector of implementing time […]
Read MoreVariable Pricing and the Cost of Renewable Power
By Michael Roberts How much will it cost to eliminate use of fossil fuels? There is reason for optimism. Technological progress has lowered the cost of wind and solar power to make them competitive with coal and natural gas on a levelized basis. Despite this progress, a recent study by Gowrisankaran, Reynolds and Samano, “Intermittency […]
Read MoreDo electric vehicle incentives matter? Evidence from the 50 U.S. states
UHERO congratulates Sherilyn Wee, Makena Coffman, and Sumner La Croix on the publication of, “Do electric vehicle incentives matter? Evidence from the 50 U.S. states,” in Research Policy. This research measures the effectiveness of state-level policies on the adoption of electric vehicles in the United States. Read more about this in The Role of Policy […]
Read MoreNot All Regions Are Alike: Evaluating the Effect of Oil Price Shocks on Local and Aggregate Economies
Using a sample of 48 contiguous U.S. states for the period 1973-2013, we study how oil price shocks influence state-level economic growth. The analysis incorporates (1) a structural decomposition of the supply and demand factors that drive the real price of crude oil; (2) heterogeneity of states in terms of their production and consumption of […]
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