Liberalizing European energy markets an economic analysis
Liberalizing European energy markets: an economic analysis

1. Introduction -- 2. The LIBEMOD 2000 model -- 3. Short-run effects of liberalization -- 4. Long-run effects of liberalization -- 5. Robustness analyses and alternative future scenarios -- 6. Policies for clean and renewable energy production -- 7. Energy liberalization in Russia

Gespeichert in:
Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham [England] ; Northampton, Mass Edward Elgar c2008
Schriftenreihe:Edward Elgar E-Book Archive
Schlagworte:
Electronic books
Energy industries > Europe, Western
Energy industries > Government policy > Europe, Western
Energy policy > Economic aspects > Europe, Western
Online-Zugang:DE-12
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URL des Erstveröffentlichers
Zusammenfassung:1. Introduction -- 2. The LIBEMOD 2000 model -- 3. Short-run effects of liberalization -- 4. Long-run effects of liberalization -- 5. Robustness analyses and alternative future scenarios -- 6. Policies for clean and renewable energy production -- 7. Energy liberalization in Russia
This book presents an economic analysis of the main effects of liberalizing the electricity and natural gas markets across Western Europe. It is based on a state-of-the art detailed numerical simulation model that takes account of the interlinkages between different energy markets. Short-run and long-run effects are identified and the robustness of results is tested. Separate chapters discuss climate policy, renewable energy and the role of Russia. A key finding is that liberalization lowers energy prices and increases consumption, particularly in the electricity markets where prices fall by 25 per cent on average in the short run. Effects are somewhat stronger in the long run, as investment options are utilized. The welfare benefits of liberalization are considerable in the long run. However, liberalization increases emissions of CO2. The welfare costs of fulfilling Western Europe's Kyoto obligations depend highly on the policies implemented, but are at least as large as the benefits of liberalization
Beschreibung:Includes bibliographical references (p. 292-301) and index
Beschreibung:1 Online-Ressource (xii, 315 Seiten) ill
ISBN:9781781007648
DOI:10.4337/9781781007648
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