CEPS © 2020

The European Green Deal after Corona Implications for EU climate policy
Policy Contribution

Estimating Historical Energy Security Costs

by Steve Arnold / Anil Markandya / Alistair Hunt
15 March 2009

Estimating Historical Energy Security Costs

Steve Arnold / Anil Markandya / Alistair Hunt

Download Publication

2352 Downloads

Energy security is of increasing importance in today’s world, yet little research has been carried out on the costs or benefits of energy security policies. This paper looks at the period after the 1970s to estimate the cost premium of electricity generation due to energy security policies. The cost premium is estimated for France, Germany, Italy and Spain for the period 1980-2000 by estimating actual versus hypothetical lowest cost generation mixes. The cost premium is estimated to be lowest for France, which had a clear energy security policy based on developing nuclear power and reducing reliance on oil and coal.


About the Authors


  • Author
    Steve Arnold
    Steve Arnold
  • Author
    Anil Markandya
    Anil Markandya
  • Author
    Alistair Hunt
    Alistair Hunt
Estimating Historical Energy Security Costs
Download Publication

2352 Downloads