Market-Based Options for Security of Energy Supply

39 Pages Posted: 28 Oct 2004

See all articles by Christian Egenhofer

Christian Egenhofer

Centre for European Policy Studies (CEPS)

Kyriakos Gialoglou

Centre for European Policy Studies (CEPS)

Giacomo Luciani

EUI - RSCAS; JHU Bologna Center

Maroeska Boots

Energy Research Centre of the Netherlands (ECN)

Martin Scheepers

Energy Research Centre of the Netherlands (ECN)

Valeria Costantini

University of Rome III - Department of Economics

Francesco Gracceva

ENEA, Centro della Casaccia; Fondazione Eni Enrico Mattei

Anil Markandya

Basque Centre for Climate Change (BC3); University of Bath

Giorgio Vicini

Fondazione Eni Enrico Mattei (FEEM)

Date Written: September 2004

Abstract

Energy market liberalization and international economic interdependence have affected governments' ability to react to security of supply challenges. On the other side, whereas in the past security of supply was largely seen as a national responsibility, the frame of reference has increasingly become the EU in which liberation increases security of supply mainly by increasing the number of markets participants and improving the flexibility of energy systems. In this logic, security of supply becomes a risk management strategy with a strong inclination towards cost effectiveness, involving both the supply and the demand side. Security of supply has two major components that interrelate: cost and risk. This paper focus the attention on costs in the attempt to develop a market compatible approach geared towards security of supply.

Keywords: Energy supply, Market-based options

JEL Classification: Q41, Q43

Suggested Citation

Egenhofer, Christian and Gialoglou, Kyriakos and Luciani, Giacomo and Boots, Maroeska and Scheepers, Martin and Costantini, Valeria and Gracceva, Francesco and Markandya, Anil and Vicini, Giorgio, Market-Based Options for Security of Energy Supply (September 2004). Available at SSRN: https://ssrn.com/abstract=593824 or http://dx.doi.org/10.2139/ssrn.593824

Christian Egenhofer

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
B-1000 Brussels, 1000
Belgium

Kyriakos Gialoglou

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
B-1000 Brussels, 1000
Belgium
32.2.229.3957 (Phone)

Giacomo Luciani

EUI - RSCAS ( email )

Villa La Fonte, via delle Fontanelle 18
50016 San Domenico di Fiesole
Florence, Florence 50014
Italy
+39 055 4685752 (Phone)
+39 055 46857070 (Fax)

JHU Bologna Center

1740 Massachusetts Avenue, NW
Washington, DC 20036-1984
United States

Maroeska Boots

Energy Research Centre of the Netherlands (ECN) ( email )

P.O. Box 1
Petten, 1755 LE
Netherlands

Martin Scheepers

Energy Research Centre of the Netherlands (ECN) ( email )

P.O. Box 1
Petten, 1755 LE
Netherlands
+31 224 56 43 69 (Phone)
+31 224 56 83 38 (Fax)

Valeria Costantini

University of Rome III - Department of Economics ( email )

Via Silvio D'Amico, 77
00145 Rome, 00145
Italy
+39 06 5711 4723 (Phone)

Francesco Gracceva

ENEA, Centro della Casaccia ( email )

via Anguillarese 301
S. Maria di Galeria
Roma, 00060
Italy
+390630481 (Phone)
+39063048 4203 (Fax)

Fondazione Eni Enrico Mattei

Corso Magenta 63
20123 Milan
Italy
+390252036934 (Phone)

Anil Markandya

Basque Centre for Climate Change (BC3)

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

University of Bath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

Giorgio Vicini (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy
+39 0252036955 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
515
Abstract Views
3,992
rank
59,025
PlumX Metrics