Murat Sirin, an Ivey PhD Candidate supported by the Energy Centre, has published a new paper, "Price spikes, temporary price caps, and welfare effects of regulatory interventions on wholesale electricity markets." The paper evaluates the welfare effect of the temporary price cap implemented in 2017 on the Turkish electricity market. By using matching and panel data methods, the authors show that the temporary price cap reduced the total welfare but did not affect market clearing price and projected supply. Detailed analysis shows that this decision was driven by non-economic motives, and identifies a number of fundamental problems in the Turkish market that limit the effective functioning of the market.
Canada’s electricity sector has the potential to play a central role in the country’s transition to a low emission economy and in meeting Paris Agreement emission reduction commitments. Yet, achieving electrification objectives will require major investments in new electricity infrastructure across the country. This Policy Brief provides an in-depth assessment of the investment environment for Canada’s electricity sector based on data from an extensive survey of senior industry executives conducted by the Ivey Energy Centre.
The Ivey Energy Centre partnered with Peter Tertzakian for the third annual Energyphile story competition. Students were challenged to study a specific historical artifact from Tertzakian's personal online museum, www.energyphile.org, and write a creative essay that provokes the reader to think about our energy future using lessons from our energy past. First prize went to Rahul Karippath, MBA 2023 for his story, "Towards Transition." Click here to read more about the 2022 competition.