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.
|Name||Bath Economics Research Working Papers|
- Energy security
- electric energy
- historic cost estimation