000			02059 a2200229 4500
003			OSt
020			_a9783030583217
040			_cIIT Kanpur
041			_aeng
082			_a332.644 _bM897r
100			_aMulder, Machiel
245			_aRegulation of energy markets _beconomic mechanisms and policy evaluation _cMachiel Mulder
260			_bSpringer _c2021 _aSwitzerland
300			_axxvi, 361p
440			_aLecture notes in energy
490			_vv.80
520			_aThis textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve how these markets function. Adopting a micro-economic perspective, the book systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets to identify government policies that can improve welfare. These shortcomings include the natural monopoly and the public-good character of energy infrastructures; market power resulting from inflexibility of supply and demand; international trade restrictions; negative externalities concerning the use of fossil energy; positive externalities concerning innovative new energy technologies; information asymmetries with regard to the product characteristics of energy commodities; and other public concerns, such as energy poverty. In turn, readers will learn about various measures that governments can use to address these market failures, including incentive regulation for electricity grids; international integration of wholesale energy markets; environmental regulatory measures like emissions trading schemes; subsidy schemes for new technologies; green-energy certificate schemes; and energy taxes. Given its scope, the book will appeal to upper-undergraduate and graduate students from various disciplines who want to learn more about the economics and regulation of energy systems and markets
650			_a Energies sector
650			_aEnergy industries government policy
650			_aEnergy policy
942			_cBK
999			_c567293 _d567293