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      Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia
      Models, Data and Tools

      Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia

      Olivier Durand-Lasserve, Hossa Almutairi, Abdullah AlJarboua, Frederic Murphy, Shreekar Pradhan, Axel Pierru

      This paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of…

      Olivier Durand-Lasserve Durand-Lasserve, Olivier
      Hossa Almutairi Almutairi, Hossa
      Abdullah AlJarboua AlJarboua, Abdullah
      Frederic Murphy Murphy, Frederic
      Shreekar Pradhan Pradhan, Shreekar
      Axel Pierru Pierru, Axel
      19th August 2020
      Implementing Alternative Pricing Policies in Economic Equilibrium Models Using the Extended Mathematical Programming Framework
      Regional Energy Markets

      Implementing Alternative Pricing Policies in Economic Equilibrium Models Using the Extended Mathematical Programming Framework

      Bertrand Rioux, Abdullah AlJarboua, Frederic Murphy, Axel Pierru

      Standard economic optimization models represent markets in perfect competition. They are commonly used, though they may not accurately represent real-world policies and regulations. Equilibrium models built using a mixed complementarity problem (MCP) approach are capable of simulating more flexible pricing…

      Bertrand Rioux Rioux, Bertrand
      Abdullah AlJarboua AlJarboua, Abdullah
      Frederic Murphy Murphy, Frederic
      Axel Pierru Pierru, Axel
      12th March 2020
      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

      Science Direct

      Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain controlled by the government.

      Axel Pierru, Kang Wu, Frederic Murphy, Philipp Galkin, Bertrand Rioux, Yan Li, Artem Malov, Felipe Feijoo

      2019
      The Costs and Gains of Coordinating Electricity Generation in the Gulf Cooperation Council Utilizing the Interconnector
      Regional Energy Markets

      The Costs and Gains of Coordinating Electricity Generation in the Gulf Cooperation Council Utilizing the Interconnector

      David Wogan, Frederic Murphy, Axel Pierru

      Countries in the Gulf Cooperation Council (GCC) have installed a network of high-voltage transmission lines, known as the GCC Interconnector, which links the member states of Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE). The Interconnector…

      David Wogan Wogan, David
      Frederic Murphy Murphy, Frederic
      Axel Pierru Pierru, Axel
      10th June 2018
      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain
      Regional Energy Markets

      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

      Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru, Kang Wu

      Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain heavily monopolized or controlled by the government. To assess how such distortions impact the market, we developed…

      Bertrand Rioux Rioux, Bertrand
      Philipp Galkin Galkin, Philipp
      Frederic Murphy Murphy, Frederic
      Axel Pierru Pierru, Axel
      Kang Wu Wu, Kang
      24th May 2018
      Can adoption of rooftop solar panels trigger a utility death spiral? A tale of two U.S. cities
      Electricity Sector Transitions

      Can adoption of rooftop solar panels trigger a utility death spiral? A tale of two U.S. cities

      Energy Research and Social Science

      The growing penetration of distributed energy generation (DEG) is causing major changes in the electricity market. One key concern is that existing tariffs incentivize ‘free riding’ behavior by households, leading to a cycle of rising electricity prices and DEG adoption,…

      Iqbal Adjali, Patrick Bean, Rolando Fuentes, Frederic Murphy, Steven O. Kimbrough, Mohammed Muaafa

      2017
      Managing Oil Revenue Stabilization Funds: A Framework for Developing Policies
      Evaluation of Public Investment Projects Energy and Economic Vulnerability

      Managing Oil Revenue Stabilization Funds: A Framework for Developing Policies

      Nader AlKathiri, Frederic Murphy, Axel Pierru

      Oil revenue stabilization funds provide short-run protection against oil revenue fluctuations – in the way that Saudi government deposits and reserve at the Saudi Arabian Monetary Authority (SAMA) have historically served as a buffer to decouple government budget from oil…

      Nader AlKathiri AlKathiri, Nader
      Frederic Murphy Murphy, Frederic
      Axel Pierru Pierru, Axel
      4th October 2017
      Efficient industrial energy use: The first step in transitioning Saudi Arabia’s energy mix

      Efficient industrial energy use: The first step in transitioning Saudi Arabia’s energy mix

      Energy Policy

      In Saudi Arabia, industrial fuel prices are administered below international prices and firms make decisions based on low energy prices, increasing domestic energy demand. This analysis explores alternative policies designed to induce a transition to a more efficient energy system…

      Walid Matar, Frederic Murphy, Axel Pierru, Bertrand Rioux, David Wogan

      2017
      A tutorial on building policy models as mixed-complementarity problems

      A tutorial on building policy models as mixed-complementarity problems

      Interfaces

      After 50 years of development, building and solving mixed-complementarity problems (MCPs) have become commonplace for policy models that analyze markets. These models are used to develop policies that reshape markets, or introduce markets that replace other organizational forms. In this…

      Frederic Murphy, Axel Pierru, Yves Smeers

      2016
      Economic impacts of debottlenecking congestion in the Chinese coal supply chain

      Economic impacts of debottlenecking congestion in the Chinese coal supply chain

      Energy Economics

      The fast pace of development in China’s coal industry created bottlenecks in its transportation infrastructure. These bottlenecks likely affected not only China’s domestic coal market, but also global coal markets. In this paper, we estimate the costs and consequences of…

      Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru

      2016
      Potential Gains From Reforming Price Caps in China’s Power Sector
      Electricity Sector Transitions

      Potential Gains From Reforming Price Caps in China’s Power Sector

      Bertrand Rioux, Philipp Galkin, Axel Pierru, Frederic Murphy

      When energy sectors transition from government-controlled to market-driven systems, the legacy regulatory instruments can create unintended market distortions and lead to higher costs. In China, the most notable regulatory throwback is ceilings on electricity prices that generators can charge utilities,…

      Bertrand Rioux Rioux, Bertrand
      Philipp Galkin Galkin, Philipp
      Axel Pierru Pierru, Axel
      Frederic Murphy Murphy, Frederic
      29th September 2016
      Can Adoption of Rooftop Solar PV Panels Trigger a Utility Death Spiral?
      Electricity Sector Transitions

      Can Adoption of Rooftop Solar PV Panels Trigger a Utility Death Spiral?

      Iqbal Adjali, Rolando Fuentes, Frederic Murphy

      The growing penetration of distributed energy resources (DER) such as solar and wind power is causing major changes in the electricity market. One key concern is that existing tariffs incentivize ‘free riding’ behavior by households, which leads to a cycle…

      Iqbal Adjali Adjali, Iqbal
      Rolando Fuentes Fuentes, Rolando
      Frederic Murphy Murphy, Frederic
      15th May 2016
      Economic Impacts of Debottlenecking Congestion in the Chinese Coal Supply Chain
      Regional Energy Markets

      Economic Impacts of Debottlenecking Congestion in the Chinese Coal Supply Chain

      Philipp Galkin, Frederic Murphy, Axel Pierru, Bertrand Rioux

      China’s coal industry grew at unprecedented rates during the first decade of the 2000s in order to support equally unprecedented economic growth. In that type of environment, it is impossible for the capacities of every link in the supply chain…

      Philipp Galkin Galkin, Philipp
      Frederic Murphy Murphy, Frederic
      Axel Pierru Pierru, Axel
      Bertrand Rioux Rioux, Bertrand
      7th September 2015
      Asian Premium or North Atlantic Discount: Does Geographical Diversification in Oil Trade Always Impose Costs?
      Future of Global Oil Markets

      Asian Premium or North Atlantic Discount: Does Geographical Diversification in Oil Trade Always Impose Costs?

      Shahad Alarenan, Frederic Murphy, Ziyad Alfawzan, Nader AlKathiri

      It is popularly believed that importers of oil diversify their suppliers to achieve security of supply and that exporters diversify their customer base to achieve security of demand. However, this diversification comes at a cost, compared with buying from or…

      Shahad Alarenan Alarenan, Shahad
      Frederic Murphy Murphy, Frederic
      Ziyad Alfawzan Alfawzan, Ziyad
      Nader AlKathiri AlKathiri, Nader
      6th August 2015