The tipping point of electricity price attention: When a problem becomes a problem

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HAUGOM Erik LYÓCSA Štefan HALOUSKOVÁ Martina

Rok publikování 2024
Druh Článek v odborném periodiku
Časopis / Zdroj Economics Letters
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://www.sciencedirect.com/science/article/pii/S0165176524000314
Doi http://dx.doi.org/10.1016/j.econlet.2024.111547
Klíčová slova Electricity price; Electricity price volatility; Attention; Norway; Twitter
Popis We study the relationship between Norwegian electricity prices and the public's attention towards these using data from i) all Norwegian newspapers, ii) Norwegian Tweets, and iii) (Norwegian) Google searches over a sample period from 2014-2022. Our results suggest that attention is non-linearly related to both the electricity price level and its volatility. Using threshold auto -regressive models, we estimate 'tipping points' for all attention measures in the e50-60/MWh range. The results have important policy implications, pointing to specific price levels for which society becomes increasingly concerned about electricity prices.
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