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Indicators of energy security in industrialised countries

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Author Info

  • Löschel, Andreas
  • Moslener, Ulf
  • Rübbelke, Dirk T.G.

Abstract

Energy security has become a popular catch phrase, both in the scientific arena as well as in the political discussion. Yet, in general the applied concepts of energy security are rather vague. This paper sheds some light on concepts and indicators of energy security. First, we conceptually discuss the issue of energy supply security and explain why it is not to handle by one science alone and what economics may contribute in order to structure the topic. After providing a brief survey of existing attempts to define or measure energy security we suggest an additional dimension along which indicators of energy security may be classified: ex-post and ex-ante indicators. Finally, we illustrate our concept on the basis of several simplified indicators. While ex-post indicators are mostly based on price developments, ex-ante indicators are to a greater extent aimed at illustrating potential problems. Our illustration suggests that it is worthwhile to take into account the market structure along with the political stability of exporting countries.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Policy.

Volume (Year): 38 (2010)
Issue (Month): 4 (April)
Pages: 1665-1671

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Handle: RePEc:eee:enepol:v:38:y:2010:i:4:p:1665-1671

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

Related research

Keywords: Energy security Indicators Energy imports;

References

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  1. Manuel Frondel & Christoph M. Schmidt, 2008. "Measuring Energy Security – A Conceptual Note," Ruhr Economic Papers 0052, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  2. Costantini, Valeria & Gracceva, Francesco & Markandya, Anil & Vicini, Giorgio, 2007. "Security of energy supply: Comparing scenarios from a European perspective," Energy Policy, Elsevier, vol. 35(1), pages 210-226, January.
  3. Shimon Awerbuch, 2006. "Portfolio-Based Electricity Generation Planning: Policy Implications For Renewables And Energy Security," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 11(3), pages 693-710, May.
  4. Grubb, M. & Butler, L. & Sinden, G., 2005. "Diversity and Security in UK Electricity Generation: The Influence of Low Carbon Objectives," Cambridge Working Papers in Economics 0511, Faculty of Economics, University of Cambridge.
  5. Turton, Hal & Barreto, Leonardo, 2006. "Long-term security of energy supply and climate change," Energy Policy, Elsevier, vol. 34(15), pages 2232-2250, October.
  6. Parry, Ian & Darmstadter, Joel, 2003. "The Costs of U.S. Oil Dependency," Discussion Papers dp-03-59, Resources For the Future.
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Citations

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Cited by:
  1. Prakash Loungani & Frederick L. Joutz & Gail Cohen, 2011. "Measuring Energy Security: Trends in the Diversification of Oil and Natural Gas Supplies," IMF Working Papers 11/39, International Monetary Fund.
  2. Cathrine Hagem & Bjart Holtsmark & Thomas Sterner, 2012. "Mechanism design for refunding emissions payment," Discussion Papers 705, Research Department of Statistics Norway.
  3. 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.
  4. Chang, Chun-Ping & Berdiev, Aziz N. & Lee, Chien-Chiang, 2013. "Energy exports, globalization and economic growth: The case of South Caucasus," Economic Modelling, Elsevier, vol. 33(C), pages 333-346.
  5. Sander, Michael, 2013. "Conceptual proposals for measuring the impact of international regimes on energy security," Energy Policy, Elsevier, vol. 63(C), pages 449-457.
  6. Maxim, Alexandru, 2014. "Sustainability assessment of electricity generation technologies using weighted multi-criteria decision analysis," Energy Policy, Elsevier, vol. 65(C), pages 284-297.
  7. Sharifuddin, Shahnaz, 2014. "Methodology for quantitatively assessing the energy security of Malaysia and other southeast Asian countries," Energy Policy, Elsevier, vol. 65(C), pages 574-582.
  8. Christoph Böhringer & Andreas Keller, 2011. "Energy Security: An Impact Assessment of the EU Climate and Energy Package," Working Papers V-335-11, University of Oldenburg, Department of Economics, revised May 2011.
  9. Below, Amy, 2013. "Obstacles in energy security: An analysis of congressional and presidential framing in the United States," Energy Policy, Elsevier, vol. 62(C), pages 860-868.
  10. Chester, Lynne, 2010. "Conceptualising energy security and making explicit its polysemic nature," Energy Policy, Elsevier, vol. 38(2), pages 887-895, February.
  11. Jewell, Jessica & Cherp, Aleh & Riahi, Keywan, 2014. "Energy security under de-carbonization scenarios: An assessment framework and evaluation under different technology and policy choices," Energy Policy, Elsevier, vol. 65(C), pages 743-760.
  12. Sovacool, Benjamin K., 2013. "An international assessment of energy security performance," Ecological Economics, Elsevier, vol. 88(C), pages 148-158.
  13. Blum, Helcio & Legey, Luiz F.L., 2012. "The challenging economics of energy security: Ensuring energy benefits in support to sustainable development," Energy Economics, Elsevier, vol. 34(6), pages 1982-1989.
  14. Ediger, Volkan S. & Berk, Istemi, 2011. "Crude oil import policy of Turkey: Historical analysis of determinants and implications since 1968," Energy Policy, Elsevier, vol. 39(4), pages 2132-2142, April.

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