Epilogue

Peter Zweifel, Aaron Praktiknjo and Georg Erdmann
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Aaron Praktiknjo: RWTH Aachen University
Georg Erdmann: Berlin University of Technology

Chapter 14 in Energy Economics, 2017, pp 315-317 from Springer

Abstract: Abstract While Chaps. 1–7 are dedicated to overarching issues and systemic relationships, Chaps. 8–13 of this book turn to the individual markets for energy. Starting from the pertinent constraints imposed by the laws of science and engineering, the discussions revolve around respective costs, supply and demand, forms of competition, and resulting prices, taking account of peculiarities that shape consumer preferences. In an attempt to keep the analysis reasonably simple, the existence of the respective other markets and prices prevailing on them have been taken as given, thus abstracting from the interdependencies between the several energy markets. In addition, the question why politicians want to see certain market outcomes rather than others, e.g. by subsidizing renewables or prohibiting the use of fracking technologies, remains mainly unanswered. In that sense, energy policy is outside the scope of this book.

Date: 2017
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DOI: 10.1007/978-3-662-53022-1_14

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