The authors are expert scholars who have written extensively on Turkish regulatory reform and energy economics and who have broad knowledge of global energy market dynamics. The book will be a unique guide for those concerned with the different areas of the Turkish economy and international audiences interested in energy markets of Turkey and surrounding regions, making the book of interest to not only researchers in academia but also industry practitioners, regulators and policy makers as well.
As global warming takes center stage in the public and private sectors, new debates on the future of energy markets and electricity generation have emerged around the world. The Second Edition of Managing Energy Risk has been updated to reflect the latest products, approaches, and energy market evolution. A full 30% of the content accounts for changes that have occurred since the publication of the first edition. Practitioners will appreciate this contemporary approach to energy and the comprehensive information on recent market influences.
A new chapter is devoted to the growing importance of renewable energy sources, related subsidy schemes and their impact on energy markets. Carbon emissions certificates, post-Fukushima market shifts, and improvements in renewable energy generation are all included.
Further, due to the unprecedented growth in shale gas production in recent years, a significant amount of material on gas markets has been added in this edition. Managing Energy Risk is now a complete guide to both gas and electricity markets, and gas-specific models like gas storage and swing contracts are given their due.
The unique, practical approach to energy trading includes a comprehensive explanation of the interactions and relations between all energy commodities.
The latest developments in gas and power markets have demonstrated the growing importance of energy risk management for utility companies and energy intensive industry. By combining energy economics models and financial engineering, Managing Energy Risk delivers a balanced perspective that captures the nuances in the exciting world of energy.
Fully revised and updated with analysis of world energy utilization, incentives and utility rates, and new content highlighting how energy efficiency can be achieved through 1 of 16 outlined principles and programs, the book presents cost effective analysis, case studies, global examples, and guidance on building and site auditing.
This fully revised edition provides a theoretical basis for conservation, as well as the avenues for its application, and by doing so, outlines the potential for cost reductions through an analysis of inefficiencies.
Government subsidies to energy are widespread and represent a heavy burden on public budgets in many countries. Both producers and consumers may be subsidized; the most common subsidies are for motor fuel consumption and electricity production and consumption. The subsidies to consumers often prove particularly harmful because they result in increased energy consumption, increased carbon emissions, and distortionary effects on consumer behavior. This book fills a void in the literature by providing a first, broad and diverse, analysis of several aspects of the economic and political economy aspects of government energy subsidies. The contributors take both theoretical and empirical approaches, with most of the focus on subsidies to fuel and electricity in non-OECD countries.
The chapters cover such topics as energy pricing, reelection incentives for politicians that may encourage excessive subsidies; political corruption and “bribing equilibria,” the the “resource curse” in developing countries when the gains from natural resource windfalls are largely wasted, the “entitlement” of energy subsidies in autocracies, and distributional issues when subsidies targeted to the poor are removed in high-income countries. One chapter discusses nonharmful subsidies: the potential economic effects of subsidizing the manufacturing and deployment of renewable energy.
Carolyn Fischer, Mads Greaker, Mohammad Habibpour, Michelle Harding, Christina Kolerus, Christos Kotsogiannis, Jim Krane, Alber Touna Mama, Raffaele Miniaci, Marco Pani, Ian Parry, Carlo Perroni, Leonzio Rizzo, Knut Einar Rosendahl, Carlo Scarpa, Neda Seiban, Suphi Sen, Jon Strand, Paola Valbonesi, Herman Vollebergh
The volume identifies varying definitions and dimensions of energy security, including those that prioritize security of supply and affordability alongside those that emphasize availability, energy efficiency, trade, environmental quality, and social and political stewardship. It also explores the various metrics that can be used to give energy security more coherence, and also to enable it to be measured, including recent attempts to measure energy security progress at the national level, with a special emphasis placed on countries within the Organization of Economic Cooperation and Development (OECD), countries within Asia, and industrialized countries worldwide.
• Broadens existing discussions of energy security that center on access to fuels, including "oil security" and "coal security."
• Focuses not only on the supply side of energy but also the demand, taking a hard look at energy services and politics along with technologies and infrastructure;
• Investigates energy security issues such as energy poverty, equity and access, and development;
• Analyzes ways to index and measure energy security progress at the national and international level.
This book will be of much interest to students of energy security, energy policy, economics, environmental studies, and IR/Security Studies in general.
Economics of the Energy Industries, Second Edition, examines the industry, in general, and its component industries (petroleum, natural gas, coal, electricity, nuclear, and alternative fuels). Dr. William Peirce blends technical and historical information about the component industries and analyzes the mixture with economic tools. The text provides the reader with a combination of the analytical concepts, the historical and institutional background necessary to understand the role of energy in modern economies, and the issues involved in public policy related to energy. Dr. Peirce incorporates environmental issues as well as the current status of industry regulation in his thorough and completely revised edition.
All around the world, economic markets are in flux. Policies to change these markets are part of the neoliberal revolution that claims the superiority of markets freed from government intervention and restrictions on trade and investment. The general conclusion among most academic and policy analysts who study developing countries is that market liberalization is a foregone conclusion. Developing countries' choices are constrained by two primary factors: first, the burden of massive external debt that forces them to court international finance, and second, the need to gain access to the world's largest markets in Europe and/or the United States, optimally through free trade agreements. The effects of market liberalization, including deregulation, privatization, and integration, require further scrutiny.
Hira examines the effects of international market pressures on energy policy at the national, regional, and sectoral levels in Latin America's Southern Cone--Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay--who belong to the MERCOSUR common market. Contrary to what is claimed and expected, he finds that a great deal of state intervention continues through regulatory policy. He also provides an thorough set of comparative political economy case studies, along with a discussion of the MERCOSUR process with regards to energy. His analysis of the political economy of electricity and natural gas deregulation is especially relevant in the wake of the California energy crisis, the Enron debacle, and international discussions about energy deregulation. This book is of particular interest to scholars, students, and other researchers involved with Latin American economic development and energy policy.
This comprehensive book covers how to:
• conduct an energy audit
• plan a monitoring and verification strategy
• make any energy-saving campaign successful
• evaluate and make the financial case for energy-saving measures
• make use of free energy for lighting and managing heat loss and gain.
It also contains special chapters on:
• ventilation, heating and cooling
• demand management through automated systems
• most requirements of industrial facilities
• regulatory requirements in Britain, Europe and the United States
• the use of smart meters and monitoring
• how to achieve zero energy buildings
• the use of renewable energy.
For all professional energy, building and facilities managers, energy consultants, students, trainees and academics. It takes the reader from basic concepts to the latest advanced thinking, with principles applicable anywhere in the world and in any climate.
This guide looks at the many ways available to energy managers to achieve or even exceed this level of performance, including:
Uniquely, it includes a whole chapter on greening data centres. It also looks at topics covered in greater detail in its companion volume, Energy Management in Buildings: insulation, lighting, renewable heating, cooling and HVAC systems. Further chapters examine minimising water use and how to make the financial case, both to prioritise measures for cost effectiveness, and to get management on board.
This title is aimed at all professional energy, industry and facilities managers, energy consultants, students, trainees and academics and can be read alongside training for ISO 50001 - Energy Management Systems. It takes the reader from basic concepts to the latest advanced thinking, with principles applicable anywhere in the world and in any climate.
From major players in the energy industry, such as big oil, to the emerging cap-and-trade market, no other book offers a more complete overview of the energy industry, specifically its economic and financial intricacies, than Investing in Energy: A Primer on the Economics of the Energy Industry.
A comprehensive guide to the economics of the energy industry, Investing in Energy will prove an invaluable resource for traditional energy investors looking to expand into new areas, as well as for eco-investors looking to better understand how energy markets function.
Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics.
The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy.
In one handy resource, the editors have collected the best-thinking on energy finance.
Energy Shift: Game-Changing Options for Fueling the Future is a one-stop resource for busy executives and senior policymakers who need a reliable, accessible guide to the big strategy questions surrounding energy.
Supported by the latest studies, articles, and research conducted by Booz & Company, Energy Shift is a visual guide that puts the most up-to-date information on the future of energy in a handy, easy-to-use format. It provides essential knowledge on the forces shaping the energy industry, alongside practical advice for making the tough decisions that leaders in all walks of life will face.
Energy Shift helps you distinguish media-driven myths and misconceptions from the actual effects the energy crisis will have on a variety of businesses and organizations—from the smallest local enterprise to the largest multinational.
Additionally, this forward-thinking handbook discusses the new opportunities that will arise for investors, corporations, and governments in such areas as
By 2030, the way the world uses energy will be massively transformed, and along the way there will be daunting challenges and abundant opportunities. The most savvy business leaders will be the ones already prepared to act, not react, using the information found in Energy Shift.