Publication

Necessities and Resources of Industrials : United Kingdom Case

2008
Working Papers

Abstract

Electricity in industrial businesses represent an important fraction of energy costs, the necessity of it use and, in the majority of the companies, the increasing of their demand plus the variable rising prices of electricity lead the industrials to look for different ways to secure their supply necessities at the minor possible cost. The aim of this paper is to present an overview of the UK electricity market and the options for industrials supply in the framework of liberalization, concluding with a proposal of which could be the better selection as a result of the analysis.

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2008
Working Papers

Abstract

Official source

Related concepts (26)

Electricity market

In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology.

Energy transition

An energy transition (or energy system transformation) is a significant structural change in an energy system regarding supply and consumption. Currently, a transition to sustainable energy (mostly renewable energy) is underway to limit climate change. It is also called renewable energy transition. The current transition is driven by a recognition that global greenhouse-gas emissions must be drastically reduced. This process involves phasing-down fossil fuels and re-developing whole systems to operate on low carbon electricity.

Energy subsidy

Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access. The International Renewable Energy Agency tracked some $634 billion in energy-sector subsidies in 2020, and found that around 70% were fossil fuel subsidies.

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Necessities and Resources of Industrials : United Kingdom Case

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