Energy market

Energy market

Energy markets are those commodities markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy. Typically energy development is the result of a government creating an energy policy that encourages the development of an energy industry in a competitive manner.

Liberalization and Regulation

Energy markets have been liberalizated in some countries.

They are regulated by authorities, including liberalizated markets, to protect consumer rights and avoid oligopolies.

Regulators includes the Australian Energy Market Commission in Australia, the Energy Market Authority in Singapore, the Energy Community in Europe, replacing the South-East Europe Regional Energy Market and the Nordic energy market for Nordic countries. Members of the European Union are required to liberalise their energy markets.

Regulators seek to discourage volatility of prices, reform markets if needed and search for evidence of anti-competitive behaviour such as trying the formation of a monopoly.

Due to the oil price increases since 2003 and speculation, energy markets are being reviewed and by 2008 several conferences were organised to address the energy market sentiments of petroleum importing nations. [cite web |url=http://afp.google.com/article/ALeqM5jcQ3Vn4nmwZPvNIj64wVTTSZOq_A |title=EU leaders split on how to tackle soaring oil prices |accessdate=2008-06-20 |format= |work= ] In Russia the markets are being reformed by the introduction of harmonized and all-Russian consumer prices. [cite web |url=http://www.barentsobserver.com/murmansk-struggles-with-higher-electricity-prices.4493743-16149.html |title=Murmansk struggles with higher electricity prices |accessdate=2008-06-20 |format= |work= ]

United States

A recent example of the failure of market oversight enabled Enron to manipulate the energy markets in the United States.

During 2008 in the United States the Commodity Futures Trading Commission is conducting an investigation of energy market conditions.

International Energy Market

ee also

*Commodity value
*Demand destruction
*Energy crisis
*Energy derivative
*Energy intensity
*Food vs fuel
*Global warming
*Greenhouse gas
*Renewable energy commercialization
*Spark spread

References


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Energy Market Authority — Singapore s Energy Market Authority (EMA) promotes competition in the electricity and piped gas industry and maintains the security and reliability of the power system. Formed on 1st April 2001, EMA is a statutory board under the Ministry of… …   Wikipedia

  • South-East Europe Regional Energy Market — The South East Europe Regional Energy Market (SEEREM) became part of the EU’s wider internal energy market on 25 October 2005 by the creation of the common European Energy Community in the framework of Stability Pact for South Eastern… …   Wikipedia

  • Nordic energy market — is a common market for energy in Nordic countries. It is one of the first free energy markets in Europe and is traded in NASDAQ OMX Commodities Europe and Nord Pool Spot. In 2003, the largest market shares were as follows: Vattenfall 17%, Fortum… …   Wikipedia

  • Australian Energy Market Commission — The Australian Energy Market Commission (AEMC) was set up by the Council of Australian Governments through the Ministerial Council on Energy in 2005. The AEMC has two roles in relation to national energy markets as Rule maker and as a provider of …   Wikipedia

  • Australian Energy Market Operator — Эта статья предлагается к удалению. Пояснение причин и соответствующее обсуждение вы можете найти на странице Википедия:К удалению/1 сентября 2012. Пока процесс обсужден …   Википедия

  • Energy security of the People's Republic of China — concerns the need for the People s Republic of China to guarantee itself and its industries long term access to sufficient energy and raw materials. China has been endeavoring to sign international agreements and secure such supplies; its energy… …   Wikipedia

  • Energy economics — is a broad scientific subject area which includes topics related to supply and use of energy in societies. [Sickles, Robin (2008). energy economics. The New Palgrave Dictionary of Economics , 2nd Edition.… …   Wikipedia

  • Energy law — is the law of the use and taxation of energy, both renewable and non renewable. It is distinct from energy policy in that it consists of the primary authorities such as caselaw, statutes, rules, regulations and edicts about energy, rather than… …   Wikipedia

  • Energy Brix Power Station — and the associated briquette factory Energy Brix Power Station is a brown coal powered power station located at Morwell, in Victoria, Australia. The power station is used to supply electricity for the retail market, as well as the production of… …   Wikipedia

  • Market price contract —   A contract in which the price of uranium is not specifically determined at the time the contract is signed but is based instead on the prevailing market price at the time of delivery. A market price contract may include a floorprice, that is, a …   Energy terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”