THE INTERNATIONAL ENERGY EXPERIENCE<br> Markets, Regulation and the Environment

THE INTERNATIONAL ENERGY EXPERIENCE
Markets, Regulation and the Environment

CONTENTS


FRONT MATTER G. MacKerron and P. Pearson	i
INTRODUCTION GORDON MACKERRON and PETER PEARSON	1
SECTION 1 – WORLD MARKETS
WORLD ENERGY MARKETS TRENDS & CHANGES PETER DAVIES	11
SECTION 2 – NATIONAL STUDIES OF ENERGY STRUCTURE AND REFORM
BRITAIN'S REGULATORY REGIME IN PERSPECTIVE COLIN ROBINSON	39
LIBERALISING THE SPANISH ELECTRICITY MARKET: CAN COMPETITION WORK? PABLO AROCENA	49
THE ELECTRICITY SUPPLY INDUSTRY IN POLAND: THE NEW LEGAL FRAMEWORK AND PRIVATISATION PIOTR JASINKSKI	63
ELECTRICITY COMPETITION, REGULATION AND THE ENVIRONMENT - AN ASSESSMENT OF THE AUSTRALIAN APPROACH HUGH OUTHRED	77
REGULATING ENERGY IN FEDERAL TRANSITION ECONOMIES: THE CASE OF CHINA PHILIP ANDREWS-SPEED, STEPHEN DOW and MINYING YANG	91
SECTION 3 – ELECTRICITY AND GAS: MARKETS AND REGULATION
WHOLESALE TRADING ARRANGEMENTS: COMPETING OPTIONS FOR EUROPE MICHAEL MORRISON and ILESH PATEL	105
REGULATION POLICY AND COMPETITIVE PROCESS IN THE UK CONTRACT GAS MARKET: A THEORETICAL ANALYSIS HUW D. DIXON and JOSHY Z. EASAW	119
"REGULATORY SPARKS ABOUT TO FLY?" THE ELECTRICITY GENERATION INDUSTRY MELINDA ACUTT and CAROLINE ELLIOTT	133
HOW WILL ELECTRICITY PRICES IN DEREGULATED MARKETS DEVELOP IN THE LONG RUN? ARGUMENTS WHY THERE WON'T BE ANY REALLY CHEAP ELECTRICITY REINHARD HAAS, HANS AUER, CLAUS HUBER and WOLFGANG ORASCH	145
SECTION 4 – OIL: MARKETS AND REGULATION
WINDOWS ON EXPLORATION: THE ESTIMATION OF OIL SUPPLY FUNCTIONS G. C. WATKINS	159
AUCTIONS VS. DISCRETION IN THE LICENSING OF OIL AND GAS ACREAGE GEOFF FREWER	165
UK NORTH SEA OIL PRODUCTION 1980-1996: THE ROLE OF NEW TECHNOLOGY AND FISCAL REFORM STEVE MARTIN	179
EXPLORATION AND DEVELOPMENT INVESTMENT AND TAXABLE CAPACITY IN THE UKCS UNDER DIFFERENT OIL AND GAS PRICES ALEXANDER G. KEMP and LINDA STEPHEN	191
SECTION 5 – RENEWABLE ENERGY
RENEWABLES IN THE UK — HOW ARE WE DOING? CATHERINE MITCHELL	205
FLUCTUATING RENEWABLE ENERGY ON THE POWER EXCHANGE KLAUS SKYTTE	219
LESSONS FOR THE UNITED KINGDOM FROM PREVIOUS EXPERIENCES IN THE DEMAND FOR RENEWABLE ELECTRICITY ROGER FOUQUET	233
MODELLING THE PROSPECTS FOR RENEWABLE AND NEW NON-RENEWABLE ENERGY TECHNOLOGIES IN THE UK AND SOME OF THE CONSEQUENCES IMPLIED REINHARD MADLENER	245
SECTION 6 – ENVIRONMENT AND ENERGY EFFICIENCY
CHINA'S ENERGY SECTOR AND ITS ENVIRONMENTAL IMPACT RALPH W. BAILEY and ROSEMARY CLARKE	263
INVESTMENT APPRAISAL IN THE TRANSPORT SECTOR IN THE UK - GETTING THE SIGNALS WRONG ON ENERGY AND THE ENVIRONMENT? A. L. BRISTOW	275
ELECTRICITY LIBERALISATION, AIR POLLUTION AND ENVIRONMENTAL POLICY IN THE UK PETER J. G. PEARSON	289
RISK ASSESSMENT AND EXTERNAL COST VALUATION: HOW USEFUL IS THE 'ANALYTICAL FIX' IN THE ENVIRONMENTAL APPRAISAL OF ENERGY OPTISNS? ANDREW STIRLING	303
SUSTAINABILITY AND NUCLEAR LIABILITIES GORDON MACKERRON and MIKE SADNICKI	327
RETAIL MARKET LIBERALISATION AND ENERGY EFFICIENCY: A GOLDEN AGE OR A FALSE DAWN? NICK EYRE	345
SECTION 7 – A SUMMING-UP
THE INTERNATIONAL ENERGY EXPERIENCE: MARKETS, REGULATION AND ENVIRONMENT — A SUMMING UP DAVID M. NEWBERY	361
BACK MATTER G. MacKerron and P. Pearson	373
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