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
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- About this Textbook
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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.
- About the authors
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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)
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Economic Analysis of Energy Markets: An Introduction
Pages 1-11
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Energy Carriers and Supply Chains
Pages 13-52
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Energy Markets and Energy Policies
Pages 53-84
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Microeconomic Perspective on Regulating Energy Markets
Pages 85-111
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Information Asymmetry in Retail Energy Markets
Pages 113-131
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Table of contents (12 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Regulation of Energy Markets
- Book Subtitle
- Economic Mechanisms and Policy Evaluation
- Authors
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- Machiel Mulder
- 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
