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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.
Environmental economics. --- Energy policy. --- Energy and state. --- Microeconomics. --- Power electronics. --- Environmental Economics. --- Energy Policy, Economics and Management. --- Power Electronics, Electrical Machines and Networks. --- Electronics, Power --- Electric power --- Electronics --- Price theory --- Economics --- Energy and state --- Power resources --- State and energy --- Industrial policy --- Energy conservation --- Environmental quality --- Government policy --- Environmental aspects --- Economic aspects --- Energy industries --- Government policy. --- Industries
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Electric utilities --- Trade regulation. --- Law and legislation. --- Government policy.
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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.
Microeconomics --- Economics --- Electromagnetism. Ferromagnetism --- Relation between energy and economics --- Environmental protection. Environmental technology --- energiebeheer (technologie) --- energiemanagement (economie) --- energiebeleid --- energie-economie --- economie --- elektriciteit --- micro-economie --- milieuzorg
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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 of 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. "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, Number 3).
Microeconomics --- Economics --- Electromagnetism. Ferromagnetism --- Relation between energy and economics --- Environmental protection. Environmental technology --- energiebeheer (technologie) --- energiemanagement (economie) --- energiebeleid --- energie-economie --- economie --- elektriciteit --- micro-economie --- milieuzorg --- Electric utilities --- Trade regulation. --- Law and legislation. --- Government policy. --- Energy policy.
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De noodzakelijke energietransitie zal alle gebruikers van energie raken. Niet alle maatregelen die worden voorgesteld zijn echter even effectief. Om te weten wat het meeste effect heeft en wat het minst duur is, kan een economische kijk op energietransitie helpen. Hoogleraar Energie-economie Machiel Mulder toont op een heldere manier de economische samenhangen tussen verschillende energiesystemen (gas, elektriciteit, warmte en waterstof) en hoe deze worden beïnvloed door verschillende typen maatregelen.
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Relation between energy and economics --- Europe --- Competition --- Energy industries --- -330.05 --- 333.79 --- Industries --- Power resources --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial
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Meteorology. Climatology --- Air pollution. Air purification
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Microeconomics --- Economics --- Electromagnetism. Ferromagnetism --- Relation between energy and economics --- Environmental protection. Environmental technology --- energiebeheer (technologie) --- energiemanagement (economie) --- energiebeleid --- energie-economie --- economie --- elektriciteit --- micro-economie --- milieuzorg
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