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Energy Economics

Theory and Applications

  • Textbook
  • © 2017

Overview

Authors:
  1. Peter Zweifel

    1. Bad Bleiberg, Austria

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  2. Aaron Praktiknjo

    1. E.ON Energy Research Center, RWTH Aachen University, Aachen, Germany

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    You can also search for this author in PubMed   Google Scholar

  3. Georg Erdmann

    1. Department of Energy Systems, Berlin University of Technology, Berlin, Germany

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  • Explains the economic foundations as well as empirical methods necessary to understand energy markets
  • Covers all types of energy markets including those for liquid, gaseous and solid fuels, as well as electricity
  • Provides comprehensive references to data sources that allow readers to carry out their own empirical analysis

Part of the book series: Springer Texts in Business and Economics (STBE)

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xx
    Download chapter PDF

  2. Introduction

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 1-13

  3. Energy in Science and Engineering

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 15-35

  4. Investment and Profitability Calculation

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 37-63

  5. Bottom-Up Analysis of Energy Demand

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 65-87

  6. Top-Down Analysis of Energy Demand

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 89-110

  7. Energy Reserves and Sustainability

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 111-141

  8. External Costs

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 143-158

  9. Markets for Liquid Fuels

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 159-196

  10. Markets for Gaseous Fuels

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 197-225

  11. Markets for Solid Fuels and CO2 Emissions

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 227-245

  12. Uranium and Nuclear Energy

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 247-267

  13. Markets for Electricity

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 269-296

  14. Economics of Electrical Grids

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 297-313

  15. Epilogue

    • Peter Zweifel, Aaron Praktiknjo, Georg Erdmann
    Pages 315-317

  16. Back Matter

    Pages 319-324
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Keywords

About this book

This book provides an introduction to energy economics. It shows how to apply general economic theory as well as empirical and advanced econometric methods to explain the drivers of energy markets and their development. Readers learn about the specific properties of energy markets as well as the physical, technological, environmental, and geopolitical particularities of energy sources and products. The book covers all types of energy markets, ranging from liquid fuels, gaseous fuels, and solid fuels to electricity. It also addresses emission allowances, energy efficiency, and nuclear risks. The authors discuss the engineering properties of energy technologies  including renewables, the economics of natural resources and environmental protection, market liberalization, and energy trade as well as the experience of the German energy transformation. This book will serve students as a textbook and practitioners as a reference for their understanding of energy markets and their development.

Reviews

“This book provides a broad approach to energy economics that, while theoretically based, focuses on empirical results. … the chapters in the book are fairly stand-alone, with little integration between. … For practitioners or students who are looking for stand alone reference chapters on major energy economic topics, this may be a good choice.” (Janie M. Chermak, The Energy Journal, Vol. 40 (6), 2019)

Authors and Affiliations

  • Bad Bleiberg, Austria

    Peter Zweifel

  • E.ON Energy Research Center, RWTH Aachen University, Aachen, Germany

    Aaron Praktiknjo

  • Department of Energy Systems, Berlin University of Technology, Berlin, Germany

    Georg Erdmann

About the authors

Peter Zweifel is emeritus professor from the University of Zürich and is a specialist for microeconomic theory and its applications.

Aaron Praktiknjo is an Assistant Professor of Energy Resource and Innovation Economics at RWTH Aachen University and is, among others, a specialist for energy security.

Georg Erdmann is Professor for Energy Systems at the Berlin University of Technology and member of the independent expert group who assess the German energy transformation in Germany on behalf of the federal government.

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