Columbia International Affairs Online: Policy Briefs

CIAO DATE: 01/2011

Consumer Valuation of Energy Supply Security: An Analysis of Survey Results in Three EU Countries

Wan-Jung Chou, Alistair Hunt, Anil Markandya, Andrea Bigano, Roberta Pierfederici, Stephane La Branche

November 2010

Centre for European Policy Studies

Abstract

This study investigates consumer valuation of the security of various types of energy supply, namely electricity, natural gas and transport fuels (oil). Research for the paper was carried out in the context of the SECURE project (Security of Energy Considering its Uncertainties, Risks and Economic Implications), funded by the European Commission under the Seventh Framework Programme. The project develops appropriate tools for evaluating the vulnerability of the EU to the different energy supply risks, and for promoting the optimisation of EU energy insecurity mitigation strategies, including investment, demand side management and dialogue with producing countries.