Conceptualizing Energy Security
AbstractEnergy security is one of the main targets of energy policy. However, the term has not been clearly defined, which makes it hard to measure and difficult to balance against other policy objectives. We review the multitude of definitions of energy security. They can be characterized according to the sources of risk, the scope of the impacts, and the severity filters in the form of the speed, size, sustention, spread, singularity and sureness of impacts. Using a stylized case study for three European countries, we illustrate how the selection of conceptual boundaries along these dimensions determines the outcome. This can be avoided by more clearly separating between security of supply and other policy objectives. This leads us to the definition of energy security as the continuity of energy supplies relative to demand. If security is defined from the perspective of private utilities, end consumers or public servants, the concept could further be reduced to the continuity of specific commodity or service supplies, or the impact of supply discontinuities on the continuity of the economy.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 1151.
Date of creation: 16 Aug 2011
Date of revision:
Contact details of provider:
Web page: http://www.econ.cam.ac.uk/index.htm
Other versions of this item:
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-22 (All new papers)
- NEP-ENE-2011-08-22 (Energy Economics)
- NEP-EUR-2011-08-22 (Microeconomic European Issues)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- 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.
- Noël, P. & Findlater, S. & Chyong, C. K., 2012. "The Cost of Improving Gas Supply Security in the Baltic States," Cambridge Working Papers in Economics 1204, Faculty of Economics, University of Cambridge.
- Karen Pittel, 2012. "Das energiepolitische Zieldreieck und die Energiewende," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 65(12), pages 22-26, 06.
- Yudha Prambudia & Masaru Nakano, 2012. "Integrated Simulation Model for Energy Security Evaluation," Energies, MDPI, Open Access Journal, vol. 5(12), pages 5086-5110, December.
- Cédric Clastres & Catherine Locatelli, 2012. "European Union energy security: the challenges of liberalisation in a risk-prone international environment Society," Post-Print halshs-00787123, HAL.
- Luise Röpke, 2013. "The Development of Renewable Energies and Supply Security: A Trade-Off Analysis," Ifo Working Paper Series Ifo Working Paper No. 151, Ifo Institute for Economic Research at the University of Munich.
- Catherine Locatelli, 2012. "Relations UE-Russie : les enjeux d'une nouvelle architecture gazière," Post-Print halshs-00755640, HAL.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If references are entirely missing, you can add them using this form.