Energy Economics in Britain

Paul Tempest Energy economics is, in national policy, a vital point of inter section where Government, industry, finance, research and many other interests meet. In Britain, it is not a recognised profession or academic discipline in its own right. Perhaps it is part of our national style and heritage that it never should be so compartmentalised. Indeed, energy economics is an interest which cannot easily be con strained within even national boundanes: international energy mar kets impinge everywhere through external demand, supply and price affecting profoundly every aspect of the economy. THE BRITISH INSTITUTE OF ENERGY ECONOMICS Over the last few years, an increasing need has been widely perceived for free and open discussion of the major energy and eco nomic issues of the day. Easy communication and the joint imple mentation of technological progress seem, worldwide, the safest route to resolving national and international problems. Such co operation and interchange also bring into the light national and local political myopia, bureaucratic inertia, academic dogma and the dis tortions of an imperfect market system.

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Section 1: Current Issues.- I The United Kingdom Energy Framework.- 1 The United Kingdom Energy Framework.- II Aspects of United Kingdom Energy Supply.- 2 Coal in Britain.- 3 British Nuclear Power Policies.- 4 North Sea Oil.- 5 Gas Prices and Exploration.- 6 Energy Investment Planning in the UK.- III Aspects of United Kingdom Energy Demand.- 7 Energy Conservation Policy in the Building Sector.- 8 Interactive Load Control and Energy Management.- IV Taxation and Finance.- 9 The Effects of Taxation of Petroleum Exploitation: A Comparative Study.- 10 Estimation of UK Government Revenues from Oil.- Section 2: Forecasting, Contingency Planning, Theory and Macro-Economics.- V Energy Forecasting.- 11 Methods for Projecting UK Energy Demands Used in the Department of Energy.- 12 Forecasts in Decision Making: Help or Hindrance.- 13 The Future of Crude Oil Prices.- VI Contingency Planning.- 14 Oil Crisis Management.- 15 Petroleum Futures Markets.- VII Interfuel Substitution.- 16 Towards Three 'Laws' of Energy Substitution.- 17 A North Sea Electricity Ring Main: The Benefits of Interconnection.- 18 Is There a Future for UK Power Generation Without Fossil Fuels?.- VIII The Impact of Energy on the Economy.- 19 The Long Term Macroeconomic Role for Energy.- Section 3: A Historical Perspective.- Frontispiece The Price of Firewood and Coal.- 20 Economic Issues in the History of UK Energy.- 21 Energy Economics 1940-1960.- 22 Energy Economics Since 1960.- Section 4: Annexes.- Annex I Professional Institutions, University Centres and Specialist Journals in Britain Covering Energy Economics.- Annex II The British Institute of Energy Economics.- Annex III BIEE Archive: Registered Texts.- Annex IV British Institutes' Joint Energy Policy Programme (BIJEPP) Programme 1983-1984.