Expanding Competition in Regulated Industries reviews the changing regulatory environment, notably incentive regulation and competition in regulated industries. Some of the major changes in electricity, gas, and telephone utilities allow for competition in local service through unbundling. This book is of interest to researchers, utility managers, regulatory commissions, and the Federal Government.

This comprehensive book presents an accessible guide to Risk Management and Trading applications for the Electricity Markets in a practical manner. Various methodologies developed over the last few years are considered and current literature is reviewed. Fiorenzani emphasizes the relationships between trading, hedging and generation asset management. With its clear structure and well researched text, this is an invaluable asset to Investment Professionals, Research Analysts, Energy CEO's & Risk Management Professionals. It would also be an invaluable text for postgraduates in energy finance.

This book provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modeling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus fC?llowing the first oil price shock in 1973. Since that time, other shocks have affected these markets and industries, causing disequilibrium economic adjustments which are difficult to analyze and to predict. Moreover, geopolitics remains an important factor which can destabilize crude oil markets and associated refining industries. Mineral and energy modeling, consequently, has become a major interest of energy-related corporations, mining and drilling companies, metal manufacturers, public utilities, investment banks, . national government agencies and international organizations. This book hopes to advance mineral and energy modeling as follows: (1) The modeling process is presented sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including explaining history, analyzing policy, and market and price forecasting; (2) New developments in modeling approaches are presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro oriented energy interaction models (including computable general equilibrium); (3) The verification and application of the models is considered not only individually but also in relation to the performance of alternative modeling approaches; and (4) The modeling framework includes a perspective on new directions, so that the present model building advice will extend into the future."

Energy security has become a central concern for all the countries in the Asian region and the search for sufficient sources of energy to fuel economic growth has drastically influenced relations among the South Asian countries as well as their respective relations with their neighbours China, Myanmar, Iran, and Afghanistan. The recent nuclear deal between India and the US is also indicative of how energy and power politics are linked and how these new inter-linkages underlie relations between states. This book aims to give a South Asian perspective on the geopolitics of energy, with a central focus on India. The chapters address how India's global and regional foreign policy making has changed in light of India's search for energy and how this is affecting the relationship on a global level between India and the US, as well as on a regional level between India and the other Asian countries. The book also offers views from Pakistan and Bangladesh, as well as how this shifting reality is affecting relations between India and Southeast Asia.

This book investigates the role of governmental and non-governmental actors in energy-environment decision making. An examination of the trade-offs between various energy options which are currently before policymakers in both Canada and the United States focuses on the environmental and economic consequences of public and private choices which face leaders in both countries as well. Whether the existing regulatory environment will prove feasible and/or desirable under the new Canada United States Free Trade Agreement is also discussed.

Some of the questions the authors explore include: How do we assign costs and benefits to alternative energy strategies without underestimating the importance of environmental factors? What types of regulatory regimes should both countries strive for in order to foster a good balance between environmental protection and economic growth? What kinds of political processes should be instituted to allow for more effective energy/environmental policy choices in both countries? This book will be of interest to students and scholars concerned with the environment and interested in Canada-United States relations.

A European Legal Framework for Nuclear Liability discusses nuclear liability and the interplay of the different stakeholders involved in the nuclear sector. It highlights shortcomings of the current liability regimes, suggests alternatives and calls for a more active role of the European Union in the area of nuclear liability. Contrary to existing literature, it refocuses the discussion of nuclear liability in the European Union away from the Euratom Treaty, arguing that the Treaty on the Functioning of the European Union could also provide a sufficient legal basis for a European nuclear liability regime.The book presents a proposal for a harmonised European liability regime and discusses possibilities to enhance the feasibility of such a reform. It calls for a stronger involvement of the public in the nuclear sector and emphasises the intrinsic link between effective safety regulation and liability and compensation mechanisms. It also describes the need to find ways in which safety regulation and liability rules can mutually reinforce each other.This book sets out the regulation of nuclear energy and pressing legal questions to do with the commercial exploitation of nuclear energy. Equally it will be of interest for government officials, policy advisors, environmental agencies and other practitioners in the nuclear sector.

The complexity and volatility of energy markets creates strong demand for quantitative analysis and econometric techniques. This book offers an introduction to the state of the art in econometric modelling applied to the most pertinent issues in today's energy markets for a better understanding of the working of energy systems and energy economics.

Driven by rising oil demand and active initiatives, including recent Chinese naval escort of merchant vessels in the Gulf of Aden, Asia has become an important player in international energy security, as well as maritime security. The timely volume examines China's and Japan's efforts for securing energy supplies overseas and maritime energy transport, their cooperation and rivalry as well as the implications for Asia up to recent years. It also examines the growing shipping traffic in the Straits of Malacca and security of sea lanes in Asia. Viewing energy and maritime security as global public goods, the volume surveys and proposes multilateral initiatives for provisioning these goods.

Saudi Arabia is one of the most controversial and least known of the Arab nations. A land of massive contrasts between its densely populated cities and its vast expanses of desert; between the recent poverty of its villages and the massive wealth created by oil, which is drawing a labour force from most of the neighbouring countries; between the aggressive technocratic and industrial thrust forward and the strongly traditionalist Islamic basis of the ruling ideologies it has progressed to world prominence in a matter of years after centuries of little or no change. The change is not so much a surge, or even a thrust, as a rush into the industrialized and wealthy world. This book analyzes the problems and achievements of Saudi development and provides the first detailed critique of the Third Development Plan.

First published in 1982."

In designing policies to help resolve its energy problems, every country faces a unique set of conditions. Contributors to this volume profile the energy situation in the developing countries, assess the role of energy policy in Third World development, and discuss the global energy situation in relation to these countries' consumption, production, trade, and resource endowment. The rest of the volume provides researchers with different sources of information--statistical and bibliographic--relating to energy policy development in the Third World. Managing the increasing demand for energy is explored in depth.

The objective of this book is to review and to analyze the economics of conservation programs in theory and in practice. Demand side management (DSM) is one of the most topical issues in regulating electric utilities, both in the United States and internationally. DSM consists of various measures at the level of demand (households, commerce, industry, others), which are at least partially financed by electric utilities and which should either conserve energy or reduce the peak load. DSM rests on two pillars: efficient regulation and environmental concern. While regulatory aspects dominated the past debate, environmental issues are now becoming more and more important. This shift is largely due to the recently substantiated evidence on the greenhouse effect. Therefore, lowering greenhouse gas emissions, in particular of carbon dioxide, which is an inevitable by-product of burning fossil fuels, seems an important environmental objective. Given the contribution of carbon dioxide emissions, energy conservation, whatever that means in detail, becomes highly important. Indeed, DSM and related conservation programs are considered as a low cost option, or as a no regret strategy, independent of whether or not DSM improves the power industry's economic efficiency. Therefore, conservation programs have to be considered among the first instruments to be implemented in any efficient carbon dioxide emission reduction plan. Just how cheap such programs will turn out to be is the subject of this study. Although DSM covers load management as well as conservation, this book, like the public debate, focuses on conservation. The emphasis of this book is on electricity demand, including the exposition, jargon, empirics, etc., but the basic idea of DSM and many of the issues addressed in this book can be extended to utilities other than energy (gas and district heat), also to water, garbage collection and others. However, the intention of the book is not to pretend to generality but to develop the basic ideas with respect to an environment with which the author is sufficiently familiar.

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.

This book provides an account of what may happen to the energy sector in the former Soviet Union (FSU) in the medium to long-run, under alternative scenarios for macroeconomic reform. The analyses reveal the serious damage of the oil resource base caused by the reckless exploitation practices of the past. Production of oil and coal can recover only slowly from the doldrums of the early 1990s, but the potential to expand gas output is very considerable. Energy consumption practices have been extremely wasteful in the past. The total savings potential that could be accomplished as energy prices are allowed to rise, and incentives to economise on energy use are introduced, is huge. The likely evolution of FSU energy exports until 2005 is also explored, and the impact that changing export flows could have on the international prices of oil, coal and natural gas, is discussed in detail.

This interdisciplinary thesis involves the design and analysis of coordination algorithms on networks, identification of dynamic networks and estimation on networks with random geometries with implications for networks that support the operation of dynamic systems, e.g., formations of robotic vehicles, distributed estimation via sensor networks. The results have ramifications for fault detection and isolation of large-scale networked systems and optimization models and algorithms for next generation aircraft power systems. The author finds novel applications of the methodology in energy systems, such as residential and industrial smart energy management systems.

Global warming is a serious threat to the stability of world climate and to economic prosperity in some regions. The book offers a theoretical analysis which focuses on double dividend issues. Moreover, the ecological tax reform in Germany and the options of modern energy policy are described and evaluated. The volume presents innovative model simulations and analyzes, in the context of the model, the benefits of a modified tax reform, based on a Schumpeterian approach. Finally, implications for the European Union and other countries are discussed.

Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.

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.

Utilities have long been essential for societies, supplying basic services for nations, organizations and households alike. The proper functioning and regulation of utilities is therefore critical for the economy, society and security. History provides an invaluable insight into important issues of the economic and social regulation of utilities and offers guidance for future debates. However, the history of utility regulation - which speaks of changing, diverse and complex experiences around the world - was sidelined or marginalised when economists and policy-makers enthusiastically embraced the question of how to reform the utilities from the 1970s. This book examines in depth the complex regulation and deregulation of energy, communications, transportation and water utilities across Western Europe, the United States, Australia, Brazil, China and India. In each case, attention is drawn to the changing roles of the state, the market and firms in the regulation, organization and delivery of utility services. This book was originally published as a special issue of Business History.

The book sheds understanding on the relations between development and global energy security by looking at China and India. It addresses the following issues: what is the new definition of energy security? How does it affect global politics and international relations? What are the energy security concerns of China and India, and what policies and approaches have they taken to deal with energy security issues? Since China and India are searching for oil and gas in the Middle East, Africa, and Southeast Asia, would their acquisition efforts conflict with the interests of other energy giants such as the U.S., Japan, and would their growing overseas activities challenge U.S. policy in those energy-rich regions?

The book provides insight into what the new global energy order may be and how the growth models and energy structures may shape the economic growth and energy. It analyzes both the state-centered approach and market-oriented approach in the global quest for energy resources. It also examines how China and India can adopt a cooperative approach for beneficial relations.

The book will be of interest to anyone who is keen to learn how the World especially U.S.A. can accomodate and adapt to the new global energy dynamics and on China and India as new players in global energy markets.

Russia is the world's foremost energy superpower, rivaling Saudi Arabia as the world's largest oil producer and accounting for a quarter of the world's exports of natural gas. Russia's energy reserves account for half of the world's probable oil reserves and a third of the world's proven natural gas reserves. Whereas military might and nuclear weapons formed the core of Soviet cold war power, since 1991 the Russian state has viewed its monopolistic control of Russia's energy resources as the core of its power now and for the future. Since 2005, the international news has been filled with Russia's repeated demonstrations of its readiness to use price, transit fees, and supply of gas and oil exports as punitive policy instruments against recalcitrant states that were formerly part of the Soviet Union, striking in turn the Ukraine, Georgia, Azerbaijan, Armenia, Belarus, and Lithuania. Orban reveals for the first time in "Power, Energy, and the New Russian Imperialism" Russia's readiness to wield the same energy weapon against her neighbors on the west, all of them former Soviet satellite states but now EU and NATO member nations: the three Baltic nations and the five East European nations of Poland, Slovakia, Hungary, the Czech Republic, and Slovenia.

Orban shows how the Kremlin since 1991 has systematically used Russian energy companies as players in a concerted neo-mercantilist, energy-based foreign policy designed to further Russia's neo-imperial ambitions among America's key allies in Central East Europe. Her unprecedented analysis is key to predicting Russia's strategic response to American negotiations with Poland and the Czech Republic to host the US missile shield. She also reveals the economic and diplomatic modus operandi by which Russia will increasingly apply its energy clout to shape and coerce the foreign policies of the West European members of the EU, as Russia's contribution to EU gas consumption increases from a quarter today to three-quarters by 2020. Orban proves that Russia's neo-mercantilist energy strategy in East Europe is not at all dependent on the person of Putin, but began under Yeltsin and continues under Medvedev, the former chairman of Gazprom.

This revised and enlarged edition covers the latest developments in advanced energy technology and in the derivation and application of synthetic fuels. The entries provide information for students in many disciplines, professionals who need to keep in touch with the most recent research and the casual user in need of enlightenment on a technical subject. Energy studies, fuel technology, engineering, ecology and economics are among the disciplines which are brought to bear on this many-faceted topic.