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Long-term energy services security: What is it and how can it be measured and valued?

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  • Jansen, Jaap C.
  • Seebregts, Ad J.
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    Abstract

    The paper reviews some recent approaches towards measuring the extent of long-term energy security and security externality valuation. It starts out to discuss the contextual connotations of notions of 'energy security' in medium to long-term time frames and reviews some indicators that have been proposed to quantify it. Special attention is paid to two of these approaches, which the authors helped to develop, i.e. diversity-based indices and the Supply/Demand Index. The paper takes issue with conventional welfare economic approaches that neglect: (i) the scope on the demand side for raising security and (ii) negative feedback mechanisms of socio-political impacts of international rent transfers in fossil fuels exporting countries. The concept of energy services security is proposed with a demand-side focus. This enables application of an integrated approach to gauge the resilience of a society to meet the needs of its population for energy services over longer timescales ahead from various interrelated perspectives. Propositions are made on the attribution of security externalities to the use of fossil fuels, policies, and suggestions for further improvements of measures for energy services security.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 38 (2010)
    Issue (Month): 4 (April)
    Pages: 1654-1664

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    Handle: RePEc:eee:enepol:v:38:y:2010:i:4:p:1654-1664

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    Web page: http://www.elsevier.com/locate/enpol

    Related research

    Keywords: Energy services security Diversity-based indices Supply/Demand Index;

    References

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    1. Grubb, Michael & Butler, Lucy & Twomey, Paul, 2006. "Diversity and security in UK electricity generation: The influence of low-carbon objectives," Energy Policy, Elsevier, vol. 34(18), pages 4050-4062, December.
    2. Ruud de Mooij & Paul Tang, 2003. "Four futures of Europe," CPB Special Publication 49, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
    4. Segers, Reinoud, 2008. "Three options to calculate the percentage renewable energy: An example for a EU policy debate," Energy Policy, Elsevier, vol. 36(9), pages 3243-3248, September.
    5. Stirling, Andrew, 1994. "Diversity and ignorance in electricity supply investment : Addressing the solution rather than the problem," Energy Policy, Elsevier, vol. 22(3), pages 195-216, March.
    6. Bolinger, Mark & Wiser, Ryan & Golove, William, 2006. "Accounting for fuel price risk when comparing renewable to gas-fired generation: the role of forward natural gas prices," Energy Policy, Elsevier, vol. 34(6), pages 706-720, April.
    7. Collier, Paul, 2008. "The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It," OUP Catalogue, Oxford University Press, number 9780195374636, September.
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    Cited by:
    1. Iskin, Ibrahim & Daim, Tugrul & Kayakutlu, Gulgun & Altuntas, Mehmet, 2012. "Exploring renewable energy pricing with analytic network process — Comparing a developed and a developing economy," Energy Economics, Elsevier, vol. 34(4), pages 882-891.
    2. Fischhendler, Itay & Nathan, Daniel, 2014. "In the name of energy security: the struggle over the exportation of Israeli natural gas," Energy Policy, Elsevier, vol. 70(C), pages 152-162.
    3. Molyneaux, Lynette & Wagner, Liam & Froome, Craig & Foster, John, 2012. "Resilience and electricity systems: A comparative analysis," Energy Policy, Elsevier, vol. 47(C), pages 188-201.
    4. Frondel, Manuel & Schmidt, Christoph M., 2014. "A measure of a nation's physical energy supply risk," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(2), pages 208-215.
    5. Sovacool, Benjamin K., 2013. "An international assessment of energy security performance," Ecological Economics, Elsevier, vol. 88(C), pages 148-158.
    6. Bollen, Johannes & Hers, Sebastiaan & van der Zwaan, Bob, 2010. "An integrated assessment of climate change, air pollution, and energy security policy," Energy Policy, Elsevier, vol. 38(8), pages 4021-4030, August.
    7. Edward Hunter Christie & Pavel K. Bev & Volodymyr Golovko, 2011. "Vulnerability and Bargaining Power in EU-Russia Gas Relations," FIW Research Reports series III-003, FIW.
    8. Chuang, Ming Chih & Ma, Hwong Wen, 2013. "Energy security and improvements in the function of diversity indices—Taiwan energy supply structure case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 9-20.

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