- Energy market
Energy markets are those
commodities marketsthat 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 developmentis the result of a government creating an energy policythat encourages the development of an energy industryin a competitivemanner.
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 Commissionin Australia, the Energy Market Authorityin Singapore, the Energy Communityin Europe, replacing the South-East Europe Regional Energy Marketand the Nordic energy marketfor Nordic countries. Members of the European Unionare required to liberalise their energy markets.
Regulators seek to discourage
volatilityof prices, reform markets if needed and search for evidence of anti-competitive behavioursuch as trying the formation of a monopoly.
Due to the
oil price increases since 2003and 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= ]
A recent example of the failure of market
oversightenabled Enronto manipulate the energy markets in the United States.
During 2008 in the United States the
Commodity Futures Trading Commissionis conducting an investigation of energy market conditions.
International Energy Market
Food vs fuel
Renewable energy commercialization
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