Contents
Citation
| No | Title |
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East Asian Economic Review Vol. 11, No. 1, 2007. pp. 157-186.
DOI https://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.167
Number of citation : 0|
Chan¡ Kook Park |
ITthinknet;Korea Electric Power Corporation (KEPCO) |
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Gweon-Cheol Lee |
The global energy market can be currently characterized by unstable oil and gas prices, a perceived global warming crisis, liberalization of the energy market, and so on. These changes require modifications in the industry policy framework and flexible adjustments. This study creates scenarios to predict the future energy market and identifies various influences on the electricity industry based on these scenarios. “Energy Service Classifications,”“Regulatory Body Types,” “Securing the Policy Compliance of Target groups” were selected as the major variables that decisively influence the future of energy market liberalization. Four significant scenarios were subsequently created by combining each variant. The implications derived through the scenarios should help policymakers minimize risks related to implementation of restructuring plans in the electricity industry.
JEL classification: L11, L52, L94, Q41
Energy Market Liberalization Scenarios, Electricity Industry Restructuring, Energy Policies
Korean