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Estimating Historical Energy Security Costs

Author

Listed:
  • S Arnold

    (University of Bath)

  • A Markandya

    (University of Bath)

  • Alistair Hunt

    (University of Bath)

Abstract

Energy Security is of increasing importance in today’s world, yet little research has been carried out on the costs or benefits of energy security policies. This paper looks at the period after the 1970s to estimate the cost premium of electricity generation due to energy security policies. The cost premium is estimated for France, Germany, Italy and Spain for the period 1980-2000 by estimating actual versus hypothetical lowest cost generation mixes. The cost premium is estimated to be lowest for France, which had a clear energy security policy based around developing nuclear power and reducing reliance on oil and coal.

Suggested Citation

  • S Arnold & A Markandya & Alistair Hunt, 2009. "Estimating Historical Energy Security Costs," Department of Economics Working Papers 13/09, University of Bath, Department of Economics.
  • Handle: RePEc:eid:wpaper:15965
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    File URL: https://purehost.bath.ac.uk/ws/files/348384/1309.pdf
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    Cited by:

    1. Luis M. Abadie & José M. Chamorro, 2011. "Valuing Expansions of the Electricity Transmission Network under Uncertainty: The Binodal Case," Energies, MDPI, vol. 4(10), pages 1-32, October.

    More about this item

    Keywords

    energy security; electric energy; historic cost estimation;
    All these keywords.

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