International and sectoral variation in industrial energy prices 1995-2015

Sato, Misato (2020). International and sectoral variation in industrial energy prices 1995-2015. [Data Collection]. Colchester, Essex: UK Data Service. 10.5255/UKDA-SN-853358

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This project brings together several new quantitative assessments of the competitiveness impacts of climate policies. It provides detailed analysis of how climate change policies and energy prices influence business decisions on innovation, outsourcing (investment location) and trade.

Data description (abstract)

This dataset contains sector level energy prices for 12 industrial sectors in 48 countries for the period 1995 to 2015. The prices are constructed as weighted averages of fuel-specific prices by fuel consumption. Two industrial energy price measures have been developed: the Variable Weights Energy Price Level (VEPL) and the Fixed Weights Energy Price Index (FEPI). Original data are provided by the International Energy Agency, as well as other sources. The procedures used to construct the dataset including the methodology developed to reduce missing data-points, are documented in the accompanying paper. In the paper, we provide guidelines for the use of our energy price data, which is made available for download, as well as a set of stylized facts on major trends and variations, and illustrative applications.

Data creators:

Creator Name	Affiliation	ORCID (as URL)
Sato Misato	London School of Economics and Political Science

Sponsors:

Economic and Social Research Council

Grant reference:

ES/N016971/1

Topic classification:

Natural environment
Economics
Trade, industry and markets

Keywords:

energy prices, carbon pricing, industries

Project title:

Assessing the trade and innovation impacts of climate change policies: do they help UK firms or competitors abroad?

Grant holders:

Misato Sato

Project dates:

From	To
1 October 2016	30 September 2018

Date published:

24 Jul 2019 16:21

Last modified:

18 Sep 2020 11:16

Coverage and Methodology

Access and Administration

Data sourcing, processing and preparation:

The primary source for price data is the IEA Energy End-Use Prices database, and specifically the prices for the industrial sector. The IEA industrial energy price data are supplemented with data from national official data sources, mainly for non-OECD countries where IEA stopped publishing energy price data after 2011. The fuel use data in toe is derived from the IEA World Energy Balances for all countries, reflecting consumption by fuel type at the sector level. We construct energy price indices that vary by sector, country and year. The price indices are a weighted average of the energy prices for different fuel types, with weights given by the share of fuel consumption in the sector’s energy mix. The underlying fuel prices vary by country and time. The fuel prices are inclusive of tax and other policies and four fuel types are covered (oil, gas, coal and electricity). Fuel prices mainly reflect institutional factors, policies and scarcity. The variation across sectors within countries comes from different fuel compositions of sectors. The idea is to utilise the observable variation in the fuel mix to improve the measurement of energy prices faced by sectors in a given country and year. The fuel consumption weights mainly represent technology.

Rights owners: