Estimating Historical Energy Security Costs

Steve Arnold, Anil Markandya and Alistair Hunt
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Steve Arnold: University of Bath
Alistair Hunt: University of Bath

No 13/09, Department of Economics Working Papers from University of Bath, Department of Economics

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.

Keywords: energy security; electric energy; historic cost estimation (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ene and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:eid:wpaper:15965

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