As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.
Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the `markets' within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed.
The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Edited by Joanne Evans, Lecturer in Economics and Lester C. Hunt, Professor of Energy Economics, Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey, UK
Contents: Introduction Joanne Evans and Lester C Hunt 1. A Brief History of Energy Roger Fouquet 2. The Theory of Energy Economics: An Overview Thomas Weyman-Jones 3. The Economics of Energy Supply Kenneth B. Medlock III 4. The Theory and Practice of Energy Policy Richard L. Gordon 5. Energy Demand Theory Kenneth B. Medlock III 6. Empirical Modelling of Energy Demand David L. Ryan and Andre Plourde 7. Economics of Energy Efficiency Grant Allan, Michelle Gilmartin, Peter McGregor, J. Kim Swales and Karen Turner 8. Theoretical Foundations of the Rebound Effect Harry Saunders 9. The Rebound Effect: Definition and Estimation Steve Sorrell 10. Modelling Energy Savings and Environmental Benefits from Energy Policies and New Technologies David L. Ryan and Denise Young 11. Bottom-up Models of Energy: Across the Spectrum Lorna A. Greening and Chris Bataille 12. The Structure and Use of the UK MARKAL Model Ramachandran Kannan, Paul Ekins and Neil Strachan 13. Combining Top Down and Bottom Up in Energy Economy Models Mark Jaccard 14. Computable General Equilibrium Models for the Analysis of Energy and Climate Policies Ian Sue Wing 15. Energy-Economy-Environment Modelling: A Survey Claudia Kemfert and Truong Truong 16. The Oil Security Problem Hillard G. Huntington 17. Petroleum Taxation Carole Nakhle 18. The Behaviour of Petroleum Markets: Fundamentals and Psychologicals in Price Discovery and Formation Dalton Garis 19. The Prospects for Coal in the Twenty-first Century Richard L. Gordon 20. Natural Gas and Electricity Markets W.D. Walls 21. Incentive Regulation of Energy Networks Thomas Weyman-Jones 22. The Economics and Regulation of Power Transmission and Distribution: The Developed World Case Lullit Getachew and Mark N. Lowry 23. The Market Structure of the Power Transmission and Distribution Industry in the Developed World Lullit Getachew 24. Mechanisms for the Optimal Expansion of Electricity Transmission Networks Juan Rosellon 25. Efficiency Measurement in the Electricity and Gas Distribution Sectors Mehdi Farsi and Massimo Filippini 26. Wholesale Electricity Markets and Generators' Incentives: An International Review Dmitri Perekhodtsev and Seth Blumsack 27. Security of Supply in Large Hydropower Systems: The Brazilian Case Luciano Losekann, Adilson de Oliveira and Getulio Borges da Silveira 28. Electricity Retail Competition and Pricing: An International Review Seth Blumsack and Dmitri Perekhodtsev 29. Emissions Trading and the Convergence of Electricity and Transport Markets in Australia Luke J. Reedman and Paul W. Graham 30. International Energy Derivatives Markets Ronald D. Ripple 31. The Economics of Energy in Developing Countries Reinhard Madlener 33. Energy Vision to Address Energy Security and Climate Change Christoph W. Frei 33. Current Issues in the Design of Energy Policy Thomas Weyman-Jones Index