The Impact of Natural Gas Prices on Electricity Tariffs in the UK


Abstract views: 238 / PDF downloads: 266

Authors

  • Mohammad Althaqafi Umm Al-Qura University, Saudi Arabia.

DOI:

https://doi.org/10.32479/ijeep.13908

Keywords:

Natural gas prices, Electricity tariff, VAR Model, Co-integration, United Kingdom, Time Series Analysis

Abstract

The study was conducted to know the impact of natural gas prices on electricity tariffs in the UK. Although the United Kingdom doesn’t rely directly on Russian gas supplies, still, we are acutely vulnerable to the energy catastrophe that has resulted from the invasion of Ukraine. The UK is part of the European Union and that is a reason the UK energy tariff and natural gas prices are closely connected to the EU. The literature review will elaborate more on the impact of the natural gas price on electricity tariffs in the UK by using an unrestricted vector autoregressive (VAR) model. The historical data on natural gas prices have been collected from the official government website of the UK and from the ofgem website. The sample size was taken annually from January 2010 to August 2020. Our empirical study is close to (Mohammadi, 2009) who investigate the nexus between electricity prices and fossil fuel prices in the U.S economy.

Downloads

Download data is not yet available.

Downloads

Published

2023-03-24

How to Cite

Althaqafi, M. (2023). The Impact of Natural Gas Prices on Electricity Tariffs in the UK. International Journal of Energy Economics and Policy, 13(2), 86–91. https://doi.org/10.32479/ijeep.13908

Issue

Vol. 13 No. 2 (2023)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.