CEER is a centre of applied research within the Faculty of Economics and Business (FEB) of the University of Groningen that focuses on the economic analysis of the role of energy (oil, gas, electricity, heat) in societies. CEER applies state of the art academic knowledge to important societal issues. It’s our aim to cooperate with external stakeholders in order to contribute to solving these problems. Our economic analysis is conducted on a variety of levels: micro, meso, and macro.
Economic analysis on this level is directed at the behaviour of economic agents. Research focuses on decisions made by firms in the energy business (such as the investments in networks, the dispatch of power plants, the exploration of new gas resources and the marketing and sales of energy), decisions made by energy-using firms (such as on energy efficiency, fuel switching or risks of volatile energy prices) as well as decisions by consumers (such as on the choice of the energy supplier, the use of solar panels or on insulating houses). The analysis of energy business and consumer behaviour provides insight in the daily decisions made by numerous agents.
On meso level , our economists analyse how energy producers and energy consumers interact. The different energy carriers (e.g. gas and electricity) are traded in different types of markets (such as exchanges and over-the-counter (OTC) markets) through different types of products (from intraday to long-term commitments) on different scales (from local to global markets). The design of these markets affects how prices are determined, which in turn influences the decisions taken by firms and consumers. The economic analysis of markets improves our understanding of how firms and consumers interact.
On this level , our researchers analyse the aggregated effects of energy production, consumption and prices. Since energy is a key input for many activities, a change in the oil price, for instance, may have significant effects on the macro economy in terms of GDP and employment. In turn, the macroeconomic developments affect the functioning of energy markets, the energy prices and the decisions made by economic agents. Economic analysis on macro level is needed to get a better understanding in how decisions by numerous producers and consumers affect the macro economy and vice versa.
On all levels , attention is paid to government policies, since they may have major effects on the decisions by firms and consumers, on the functioning of energy markets and on the relationship between energy markets and the macro economy. Policies to promote renewable energy affect the price of electricity and, hence, investments in new power plants and the need for investments in the electricity grid.
Knowledge of energy economics on various levels enables our researches to adequately assess the effects of different types of policy measures. A particular research topic within CEER is the effect of environmental policies directed at energy production or consumption. Issues discussed include the optimal design of policy measures to curb carbon emissions, such as energy taxes, emissions trading schemes, environmental standards and subsidies for renewables.
CEER organises (public) seminars, a bi-annual conference, and provides an outlet for all your questions regarding energy economics, energy business, and sustainably energy. With strong connections to important institutions and organisations in the energy field, CEER is also a platform for debates at regional, national, as well as European level. At last, CEER provides the opportunity to discuss possibilities for joint research projects with interested stakeholders.
|Last modified:||20 October 2017 3.25 p.m.|