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Corrigendum to “The asymmetric impact of input prices, the Russia-Ukraine war and domestic policy changes on wholesale electricity prices in India: A quantile autoregressive distributed lag analysis” [Energy EconomicsVolume 132, April 2024, 107428]

Author

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  • Kaur, Charanjit
  • Siddiki, Jalal
  • Singh, Prakash

Abstract

This paper investigates the presence of asymetry in the long-run relationship between wholesale electricity prices (ep) in the day-ahead market and fossil fuel (coal, oil and gas) prices, the exchange rate (er) and economic policy uncertainty (epu) in India, and how the Real-Time Market introduced on 01/06/2020, and the Russia-Ukraine war have affected these relationships. Using daily data from 28/06/2008 to 30/04/2023, and both the quantile auto-regressive distributed lag and the quantile regression methods, we find asymmetric long run relationships, with pronounced and asymmetric impacts in the upper quantiles of ep. Results with the full sample suggest that increases in er and coal significantly raise ep in the upper quantiles; vol and epu have a negative long-term effect on ep. Furthermore, the Real-Time Market has reduced price distortions and brought efficiency to the day-head market. The war increases ep because of supply-chain shockwaves in the input markets. Our results suggest introducing policies aiming at reducing inefficiency to mitigate external shocks.
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Suggested Citation

  • Kaur, Charanjit & Siddiki, Jalal & Singh, Prakash, 2025. "Corrigendum to “The asymmetric impact of input prices, the Russia-Ukraine war and domestic policy changes on wholesale electricity prices in India: A quantile autoregressive distributed lag analysis” [Energy EconomicsVolume 132, April 2024, 107428]," Energy Economics, Elsevier, vol. 144(C).
    • Handle: RePEc:eee:eneeco:v:144:y:2025:i:c:s0140988325001811
    DOI: 10.1016/j.eneco.2025.108357
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    2. Wang, Guanghao & Sbai, Erwann & Sheng, Mingyue Selena & Tao, Miaomiao, 2025. "News sentiment, climate conditions, and New Zealand electricity market: A real-time bidding policy perspective," Energy, Elsevier, vol. 318(C).
    3. Rashmita Saran & Bharath Supra & G. P. Girish & Sweta Singh, 2024. "Has Real Time Spot Electricity Market in India Impacted Day-Ahead Spot Electricity Market?," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 347-355, September.
    4. Siddiki, Jalal, 2025. "Homeownership in the UK: The role of wealth inequality and family life cycles," Economic Modelling, Elsevier, vol. 151(C).
    5. Wang, Guanghao & Do, Hung Xuan & Liu, Chenghao & Sbai, Erwann & Silva, Emilson, 2026. "Shifting roles of renewable and fossil energy in the ENTSO-E countries: Evidence from a novel war-induced energy intensity index," Energy Policy, Elsevier, vol. 210(C).
    6. Yue, Tian & Li, Lu-Lu & Wu, Wenfeng, 2025. "Weekday variations in the Chinese crude oil futures market: Unveiling the influence of COVID-19 and EIA shocks," International Review of Financial Analysis, Elsevier, vol. 106(C).
    7. Kim, Sunjin & Park, Daehyeon & Ryu, Doojin, 2024. "Potential sanctions on the Northeast Asia supergrid: A network theory perspective," Energy, Elsevier, vol. 302(C).
    8. Yue, Tian & Li, Lu-Lu & Ruan, Xinfeng & Zhang, Jin E., 2024. "Smirking in the energy market: Evidence from the Chinese crude oil options market," International Review of Financial Analysis, Elsevier, vol. 96(PA).

    More about this item

    JEL classification:

    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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