The Price Impact of Energy Vouchers

Podesta, Marion; Poudou, Jean-Christophe; Roland, Michel

doi:10.5547/01956574.42.3.mpod

Cited by 5 publications

(2 citation statements)

References 29 publications

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“…Price subsidies also encourage waste when energy is, in fact, short. Price vouchers allow targeted price support (Podesta et al 2021). Income support is another, better alternative to price support-if it is well targeted (Best et al 2021; García Alvarez and Tol 2021; Bagnoli and Bertoméu-Sánchez 2022).…”

Section: Improving Energy Securitymentioning

confidence: 99%

Navigating the Energy Trilemma during Geopolitical and Environmental Crises

Tol¹

2023

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There are many indicators of energy security. Few measure what really matters-an affordable and reliable energy supply-and the trade-offs between the affordability and reliability. Reliability is physical, affordability is economic. The latest Russian invasion of Ukraine highlights some of the problems with energy security, from long-term contracts being broken to supposedly secure supplies being diverted to retired power plants being recommissioned to spillovers to other markets. Energy security requires government intervention. Policies on energy access and poverty should shift from price support, widespread in Asia, to income support. The transition to carbon-free energy poses new challenges for energy security, from a shift in dependence from some resources (coal, oil, gas) to others (rare earths, wind, sunshine) to substantial redundancies in the energy capital stock to undercapitalized energy companies, while regulatory uncertainty deters investment. Renewables improve energy security in one dimension, but worsen it in others, particularly due to long spells of little wind. Security problems with rare earths and borrowed capital are less pronounced. The potential for asset stranding by climate policy is particularly large in Asia.

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Section: Improving Energy Securitymentioning

confidence: 99%

Navigating the Energy Trilemma during Geopolitical and Environmental Crises

Tol¹

2023

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“…Price subsidies also encourage waste when energy is, in fact, short. Price vouchers allow targeted price support (Podesta et al 2021). Income support is another, better alternative to price support-if it is well targeted (Best et al 2021;García Alvarez and Tol 2021;Bagnoli and Bertoméu-Sánchez 2022).…”

Section: Improving Energy Securitymentioning

confidence: 99%

Fostering Resilient Global Supply Chains Amid Risk and Uncertainty

2023

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