Master of Arts Oral Examination Economics-FR
Event Details:Viktor Getalo will present "Socio-economic determinants of electricity prices in New Brunswick: A hedonic price approach."
Supervisor: Dr. Yuri Yevdokimov
Chairperson: Dr. Elif Dalkir
Internal Readers: Dr. Murshed Chowdhury, Dr. Mehmet Dalkir
Abstract: Currently, electricity markets around the world are being reformed to provide more competition in generation and more options and alternatives for customers to choose electricity supplier from various generating companies. Therefore, identification of customer needs is the biggest challenge for those companies. Our study addresses this issue for the New Brunswick electricity market via hedonic price approach – one of the most popular revealed preferences methods. According to this approach, the price of electricity is viewed through its attributes which are divided into four groups: economic, technical, social and environmental. Our empirical analysis has shown that demand side determinants of electricity are as significant as supply side. In addition to traditional determinants such as household income and technical characteristics, environmental and climate variables have also a significant influence on electricity prices which calls for the design of new electricity products.
Building: Singer Hall
Room Number: 449
1 506 453 4828