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Measuring the energy security implications of fossil fuel resource concentration

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  • Lefèvre, Nicolas

Abstract

Economic assessments of the welfare effects of energy insecurity are typically uncertain and fail to provide clear guidance to policy makers. As a result, governments have had little analytical support to complement expert judgment in the assessment of energy security. This is likely to be inadequate when considering multiple policy goals, and in particular the intersections between energy security and climate change mitigation policies. This paper presents an alternative approach which focuses on gauging the causes of energy insecurity as a way to assist policy making. The paper focuses on the energy security implications of fossil fuel resource concentration and distinguishes between the price and physical availability components of energy insecurity. It defines two separate indexes: the energy security price index (ESPI), based on the measure of market concentration in competitive fossil fuel markets, and the energy security physical availability index (ESPAI), based on the measure of supply flexibility in regulated markets. The paper illustrates the application of ESPI and ESPAI with two case studies--France and the United Kingdom--looking at the evolution of both indexes to 2030.

Suggested Citation

  • Lefèvre, Nicolas, 2010. "Measuring the energy security implications of fossil fuel resource concentration," Energy Policy, Elsevier, vol. 38(4), pages 1635-1644, April.
    • Handle: RePEc:eee:enepol:v:38:y:2010:i:4:p:1635-1644
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    References listed on IDEAS

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    Cited by:

    1. Chuang, Ming Chih & Ma, Hwong Wen, 2013. "An assessment of Taiwan’s energy policy using multi-dimensional energy security indicators," Renewable and Sustainable Energy Reviews, Elsevier, vol. 17(C), pages 301-311.
    2. 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.
    3. Abada, Ibrahim & Massol, Olivier, 2011. "Security of supply and retail competition in the European gas market.: Some model-based insights," Energy Policy, Elsevier, vol. 39(7), pages 4077-4088, July.
    4. Geng, Jiang-Bo & Ji, Qiang, 2014. "Multi-perspective analysis of China's energy supply security," Energy, Elsevier, vol. 64(C), pages 541-550.
    5. 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.
    6. Saleh Mothana Obadi & Matej Korcek, 2020. "Quantifying the Energy Security of Selected EU Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 276-284.
    7. Richard S. J. Tol, 2023. "Navigating the energy trilemma during geopolitical and environmental crises," Papers 2301.07671, arXiv.org.
    8. Sovacool, Benjamin K., 2013. "An international assessment of energy security performance," Ecological Economics, Elsevier, vol. 88(C), pages 148-158.
    9. Sovacool, Benjamin K. & Mukherjee, Ishani, 2011. "Conceptualizing and measuring energy security: A synthesized approach," Energy, Elsevier, vol. 36(8), pages 5343-5355.
    10. Dakpogan, Arnaud & Smit, Eon, 2018. "Measuring electricity security risk," MPRA Paper 89295, University Library of Munich, Germany.
    11. Oree, Vishwamitra & Sayed Hassen, Sayed Z., 2016. "A composite metric for assessing flexibility available in conventional generators of power systems," Applied Energy, Elsevier, vol. 177(C), pages 683-691.
    12. Wan, Kaidi & Fan, Ying & Liu, Bing-Yue, 2025. "Energy supply resilience under low-carbon transition: Long-term multi-national assessment," Energy, Elsevier, vol. 326(C).
    13. Zhang, Hai-Ying & Ji, Qiang & Fan, Ying, 2013. "An evaluation framework for oil import security based on the supply chain with a case study focused on China," Energy Economics, Elsevier, vol. 38(C), pages 87-95.
    14. Kosai, Shoki & Unesaki, Hironobu, 2017. "Quantitative analysis on the impact of nuclear energy supply disruption on electricity supply security," Applied Energy, Elsevier, vol. 208(C), pages 1198-1207.
    15. Lilliestam, Johan & Ellenbeck, Saskia, 2011. "Energy security and renewable electricity trade--Will Desertec make Europe vulnerable to the "energy weapon"?," Energy Policy, Elsevier, vol. 39(6), pages 3380-3391, June.
    16. Saleh Mothana Obadi & Matej Korcek, 2017. "EU Energy Security - Multidimensional Analysis of 2005-2014 Development," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 113-120.
    17. repec:old:wpaper:335 is not listed on IDEAS

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