Template-Type: ReDIF-Article 1.0 
Author-Name: Biman Chand Prasad
Author-Name:  Paresh Kumar Narayan
Author-Name:  Joel Abraham
Author-Email:  paresh.narayan2014@gmail.com
Author-Workplace-Name:  Monash University, Australia
Title: Understanding Price Leadership in Fiji’s Energy Market
Abstract:  In this note, we explore price leadership in Fiji’s energy market. Using key energy prices, such as oil, diesel, premix, kerosene and motor spirits, we propose a price leader model. The price discovery model and its theory were proposed by Westerlund, Reese, and Narayan (2017). Using an application of this model to Fiji’s energy price data, we unravel evidence that premix is the market leader with a 54.8% market share followed by the oil price (33.9%). From these results, we draw implications for price regulations and identify the future direction for energy policy.
Classification-JEL:  E31, E37
Keywords:  Fiji, Energy market, Price discovery
Journal:  Energy RESEARCH LETTERS
Pages: 1-4
Volume: 4
Issue: 4
Year:  2024
DOI:  2024/07/09
File-URL:  https://erl.scholasticahq.com/api/v1/articles/89255-understanding-price-leadership-in-fiji-s-energy-market.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnerl:89