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Unlimited
Authorized users
Authorized users
Document Delivery Supplied
Can lend chapters, not whole ebooks
Title
Regulation of energy markets : economic mechanisms and policy evaluation / Machiel Mulder.
Edition
Second edition.
ISBN
9783031165719 electronic book
3031165713 electronic book
9783031165702
3031165705
Published
Cham : Springer, 2022.
Language
English
Description
1 online resource (1 volume) : illustrations
Other Standard Identifiers
10.1007/978-3-031-16571-9 doi
Call Number
HD9502.A2 M85 2022
Dewey Decimal Classification
343.09/29
Summary
This textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve these markets' performance. Adopting a microeconomic perspective, it systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets in order to identify government policies that can improve welfare. Critical factors in this regard include the natural monopoly and the public-goods character of energy infrastructures; market power structures 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 regulations 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. This second, updated and expanded edition addresses recent developments in international energy markets that have resulted in extremely high prices and concerns about the markets' ability to provide a secure energy supply. Further, it examines several countries' intensified measures to implement the transition to a low-carbon energy system. 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.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Series
Lecture notes in energy ; 80.
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.
