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Regulation of Energy Markets

Economic Mechanisms and Policy Evaluation

Gebonden Engels 2020 9783030583187
Verkooppositie 1921Hoogste positie: 1921
Verwachte levertijd ongeveer 8 werkdagen

Samenvatting

This textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve how these markets function. Adopting a micro-economic perspective, the book systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets to identify government policies that can improve welfare. These shortcomings include the natural monopoly and the public-good character of energy infrastructures; market power resulting from inflexibility of supply and demand; international trade restrictions; negative externalities concerning the use of fossil energy; positive externalities concerning innovative new energy technologies; information asymmetries with regard to the product characteristics of energy commodities; and other public concerns, such as energy poverty.
In turn, readers will learn about various measures that governments can use to address these market failures, including incentive regulation for electricity grids; international integration of wholesale energy markets; environmental regulatory measures like emissions trading schemes; subsidy schemes for new technologies; green-energy certificate schemes; and energy taxes. Given its scope, the book will appeal to upper-undergraduate and graduate students from various disciplines who want to learn more about the economics and regulation of energy systems and markets.

Specificaties

ISBN13:9783030583187
Taal:Engels
Bindwijze:gebonden
Uitgever:Springer
Verschijningsdatum:17-10-2020
Hoofdrubriek:Economie
ISSN:

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Over Machiel Mulder

Machiel Mulder is hoogleraar Energie-economie aan de Rijksuniversiteit Groningen (RUG), waar hij onderzoek doet en lesgeeft in de economie van energietransitie. Als energie-econoom is hij al vele jaren, ook in eerdere functies binnen en buiten de overheid, nauw betrokken bij de analyse van energievraagstukken. Hij heeft een groot aantal wetenschappelijke en beleidspublicaties over energie-economie, energiebeleid en energietransitie op zijn naam staan. Geregeld geeft hij in de media toelichting op actuele ontwikkelingen in energiemarkten en energiebeleid.

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Inhoudsopgave

Economic Analysis of Energy Markets: An Introduction.- Energy Carriers and Supply Chains.- Energy Markets and Energy Policies.- Microeconomic Perspective on Regulating Energy Markets.- Information Asymmetry in Retail Energy Markets.- Natural Monopoly in Transport and Distribution.- Reliability of Energy Supply as Semi-Public Good.- Externalities in Production and Consumption in Energy Markets.- Market Power in Wholesale and Retail Energy Markets.- International Restrictions on Trade in Energy.- Distributional Effects and Equity Concerns in Energy Markets.- Regulating Energy Markets: Concluding Remarks.

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        Regulation of Energy Markets