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Regulation of Energy Markets: Economic Mechanisms and Policy Evaluation: Lecture Notes in Energy, cartea 80

Autor Machiel Mulder
en Limba Engleză Paperback – 17 oct 2021
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.

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Specificații

ISBN-13: 9783030583217
ISBN-10: 303058321X
Pagini: 361
Ilustrații: XXVI, 361 p. 124 illus., 103 illus. in color.
Dimensiuni: 155 x 235 x 24 mm
Greutate: 0.54 kg
Ediția:2021
Editura: Springer International Publishing
Colecția Springer
Seria Lecture Notes in Energy

Locul publicării:Cham, Switzerland

Cuprins

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.

Recenzii

“I found the book to be an up-to-date primer on energy markets, and the author does a good job of outlining the microeconomic principles that can be used to better understand energy markets and systems. Given Mulder’s experience in government and academia, he provides a novel contribution to the literature by systematically analyzing different types of market failures and potential remedies offered by economic theory. Overall, Mulder’s textbook should be a valuable reference for students and energy policy analysts.” (J. Wesley Burnett, The Energy Journal, Vol. 43 (3), 2022)

Notă biografică

Machiel Mulder is a Professor of Regulation of Energy Markets and Director of the Centre for Energy Economics Research at the University of Groningen, the Netherlands. Previously he was Chief Economic Advisor at the Dutch energy regulator and Head of the Energy Department at the Netherlands Bureau for Economic Policy Analysis.




Textul de pe ultima copertă

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.

Caracteristici

Introduces microeconomic concepts for the study of energy markets Assesses various types of market failure in the electricity and gas markets Discusses policy measures for the effective regulation of energy markets