The Market For Energy

by Helm, Dieter; Kay, John; Thompson, David

• ISBN13: 9780198286080
• ISBN10: 0198286082
• Format: Hardcover
• Copyright: 1989-07-13
• Publisher: Clarendon Press

Summary

Written in light of recent advances in the field, this book is an up-to-date account of economic aspects of the energy markets. The editors fully consider the implications for regulation, privatization, and international competition in each of the major markets--electricity, gas, coal, and oil.

Table of Contents

Introduction

Energy policy and the role of the state in the market for energy

Energy policy

Energy policy issues after privatization

Energy policy, merit goods, and social security

Department of energy: The demand for energy

Modelling public enterpr ise performance

Performance of the public sector energy utilities between 1968 and 1978

The rationale for marginal cost pricing

Competition in electricity supply: Has the Energy Act failed? Richard Schmalensee: The potential of incentive regulation

Regulatory issues in the electricity supply industry

The role of public service commissions in facilitating the development of combined heat and power generation in the US

Risk analysis and optional investment in the electricity supply industry

Electricity supply in Europe

Gas privatization: Effects on pricing policy

Regulation of the gas industry

Liberalizing the British coal industry

The economics of coal

The economic implications of North sea oil revenues

The macroeconomic impact of North sea oil

The British experience of taxing oil extraction

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