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Effects of decreased power supply and Eergy Prices Volatility on Financial Performance of Retail Businesses

Author

Listed:
  • Moreblessing, Masori

    (Midlands State University, Zimbabwe)

  • Wadesango, Newman

    (University of Limpopo, South Africa)

  • Sitsha, Lovemore

    (Midlands State University, Zimbabwe)

Abstract

The availability and cost of energy are critical factors for the financial performance of retail businesses. This article examined the impact of decreased power supply and energy price volatility on the financial performance of retail businesses. Quantitative research approach was adopted and data were collected using questionnaires. The study draws on existing literature and empirical evidence to analyze the effects of power supply and energy price volatility on the profitability and competitiveness of retail firms. The findings suggest that decreased power supply and energy price volatility have negative effects on the financial performance of retail businesses, leading to reduced sales, increased costs, and lower profits. Additionally, the study highlights the importance of energy efficiency and renewable energy sources as strategies for mitigating the negative impacts of power supply and energy price volatility on retail businesses. The results of the study have important implications for policymakers, energy providers, and retail businesses, highlighting the need for stable and reliable energy sources and policies that promote energy efficiency and renewable energy adoption

Suggested Citation

  • Moreblessing, Masori & Wadesango, Newman & Sitsha, Lovemore, 2024. "Effects of decreased power supply and Eergy Prices Volatility on Financial Performance of Retail Businesses," Journal of Economic and Social Development, Clinical Journals Press, vol. 11(02), pages 01-14, September.
    • Handle: RePEc:ris:joeasd:0002
    as

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    References listed on IDEAS

    as
    1. Mangwengwende, S. E., 2002. "Tariffs and subsidies in Zimbabwe's reforming electricity industry: steering a utility through turbulent times," Energy Policy, Elsevier, vol. 30(11-12), pages 947-958, September.
    2. Meles, Tensay Hadush, 2020. "Impact of power outages on households in developing countries: Evidence from Ethiopia," Energy Economics, Elsevier, vol. 91(C).
    3. Apergis, Nicholas & Payne, James E., 2014. "Renewable energy, output, CO2 emissions, and fossil fuel prices in Central America: Evidence from a nonlinear panel smooth transition vector error correction model," Energy Economics, Elsevier, vol. 42(C), pages 226-232.
    4. Cole, Matthew A. & Elliott, Robert J.R. & Occhiali, Giovanni & Strobl, Eric, 2018. "Power outages and firm performance in Sub-Saharan Africa," Journal of Development Economics, Elsevier, vol. 134(C), pages 150-159.
    5. Mbohwa, Charles, 2002. "Zimbabwe: An Assessment of the Electricity Industry and What Needs to Be Done," The Electricity Journal, Elsevier, vol. 15(7), pages 82-91.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Decreased Power Supply; Energy Prices Volatility; Financial Performance; Retail Businesses;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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