Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.05.010 |
Can electricity companies be too big to fail? | |
Larsen, Erik R.1; van Ackere, Ann2; Osorio, Sebastian2,3 | |
2018-08-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 119页码:696-703 |
文章类型 | Article |
语种 | 英语 |
国家 | Denmark; Switzerland; Germany |
英文摘要 | The 2008 financial crisis has drawn attention to the concept of "too big to fail" companies, more recently relabelled "system-critical" institutions, referring to situations where the actual or near-bankruptcy of a company threatens the future of a service essential to the functioning of society. But such instances are not limited to the financial sector. We argue that if policymakers and regulators are not vigilant, a similar situation could occur in the electricity sector. So far this industry has only experienced occasional problems, but we can observe several precursory signals indicating that these problems might become more frequent. These include a tendency to globalisation in the absence of a supra-national regulator and the disruption caused by large amounts of renewable energies, resulting in companies being stranded with loss-making thermal generators. Still, these units are essential for the electricity supply security. We discuss several cases illustrating these trends. We conclude with a discussion of how electricity regulators and policymakers should approach the "too big to fail" problem, focussing both on preventive measures that can be taken to keep such a situation from occurring and on proactive actions aimed at avoiding a crisis once a system-critical company seems at risk of collapsing. |
英文关键词 | Electricity "Too big to fail" Market concentration Energy security |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000439671200064 |
WOS关键词 | FRAMEWORK ; MARKETS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18150 |
专题 | 气候变化 |
作者单位 | 1.Aarhus Univ, Dept Management, Fuglesangs Alle 4, DK-8210 Aarhus V, Denmark; 2.Univ Lausanne, HEC, Batiment Anthropole, CH-1015 Dorigny, Switzerland; 3.Potsdam Inst Climate Impact Res PIK, D-14473 Potsdam, Germany |
推荐引用方式 GB/T 7714 | Larsen, Erik R.,van Ackere, Ann,Osorio, Sebastian. Can electricity companies be too big to fail?[J]. ENERGY POLICY,2018,119:696-703. |
APA | Larsen, Erik R.,van Ackere, Ann,&Osorio, Sebastian.(2018).Can electricity companies be too big to fail?.ENERGY POLICY,119,696-703. |
MLA | Larsen, Erik R.,et al."Can electricity companies be too big to fail?".ENERGY POLICY 119(2018):696-703. |
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