XML FeedsEstimating Historical Energy Security Costs
By CostBenefit on Nov 9, 2009 | In Energy, Europe, Academic Study/Journal Article, Costs and Benefits, Free Report at Time of Entry, Socio-Political-Cognitive-Economics | Send feedback »
Link: http://opus.bath.ac.uk/15965/2/1309.pdf
Abstract: Energy Security is of increasing importance in today’s world, yet little research has been carried out on the costs or benefits of energy security policies. This paper looks at the period after the 1970s to estimate the cost premium of electricity generation due to energy security policies. The cost premium is estimated for France, Germany, Italy and Spain for the period 1980-2000 by estimating actual versus hypothetical lowest cost generation mixes. The cost premium is estimated to be lowest for France, which had a clear energy security policy based around developing nuclear power and reducing reliance on oil and coal.
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Although it has the lowest costs for electricity, France has the lowest overall energy security cost at just 3% of the total electricity cost. Italy and Spain have the largest ES costs, at 11% and 10% respectively. ... This suggests that the French policy of investing in a secure fuel also led to lower electricity costs.
by Steve Arnold, Anil Markandya and Alistair Hunt
University of Bath Opus Online Publication Store http://opus.bath.ac.uk
Department of Economics and International Development
Working Paper No. 13/09; 2009
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