CYBER DEAL: 50% off all Springer eBooks | Get this offer!

Lecture Notes in Energy

Regulation of Energy Markets

Economic Mechanisms and Policy Evaluation

Authors: Mulder, Machiel

Free Preview
  • 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
see more benefits

Buy this book

eBook $69.99
price for USA in USD
  • ISBN 978-3-030-58319-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $89.99
price for USA in USD
About this Textbook

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.

About the authors

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.


Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook $69.99
price for USA in USD
  • ISBN 978-3-030-58319-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $89.99
price for USA in USD
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Regulation of Energy Markets
Book Subtitle
Economic Mechanisms and Policy Evaluation
Authors
Series Title
Lecture Notes in Energy
Series Volume
80
Copyright
2021
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-58319-4
DOI
10.1007/978-3-030-58319-4
Hardcover ISBN
978-3-030-58318-7
Series ISSN
2195-1284
Edition Number
1
Number of Pages
XXVI, 361
Number of Illustrations
21 b/w illustrations, 103 illustrations in colour
Topics