Mitigating Vulnerability to High and Volatile Oil Prices : Power Sector Experience in Latin America and the Caribbean.
Material type: TextSeries: Directions in DevelopmentPublisher: Herndon : World Bank Publications, 2012Copyright date: ©2012Description: 1 online resource (146 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9780821395783Subject(s): Energy consumption -- Caribbean Area | Energy consumption -- Latin America | Energy policy -- Caribbean Area | Energy policy -- Latin America | Petroleum products -- Prices -- Caribbean Area | Petroleum products -- Prices -- Latin AmericaGenre/Form: Electronic books.Additional physical formats: Print version:: Mitigating Vulnerability to High and Volatile Oil Prices : Power Sector Experience in Latin America and the CaribbeanDDC classification: 338.2/3282098 LOC classification: HD9574.L3 -- Y47 2012ebOnline resources: Click to ViewIntro -- Half Title Page -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Units of Measure -- Executive Summary -- Oil Price Evolution and Risk Exposure -- Who Bears the Risk Burden? -- Reducing Short-Term Price Uncertainty -- Reducing Oil Consumption over the Long Run -- What Can Be Done -- How Much Can It Help? -- Chapter 1 Introduction -- Effects of High and Volatile Oil Prices -- Study Background and Objective -- Structure of This Report -- Notes -- References -- Chapter 2 Economic Effects of High and Volatile Oil Prices -- Effects of High Oil Prices -- Effects of Oil Price Volatility -- What Is the Risk Distribution? -- Summary Remarks -- Notes -- References -- Chapter 3 Economic Indicators of Vulnerability: Analysis of Latin America and the Caribbean -- Oil Trade Dynamics -- Oil Exporter versus Importer -- Dynamics of Oil Price Hikes and Subsidies -- Summary Remarks -- Notes -- References -- Chapter 4 Managing Oil Price Dynamics in the Power Sector: Experience in Latin America and the Caribbean -- Oil-Dependent Energy Mix and Cost of Power Generation -- Distribution of Costs and Risks -- Economic Impacts on the Sector -- Summing Up -- Note -- Reference -- Chapter 5 Price Risk Management Instruments -- Overview of Instruments -- Risk Assessment -- Hedging Possibilities for Power Market Agents -- Institutional Frameworks for Commodity Risk Management -- Conclusion -- Notes -- References -- Chapter 6 Diversifying from Oil-Fired Power Generation -- Potential for Non-Oil Generation: Central America and the Caribbean -- Potential Avoided Impact from Oil-Fired Generation -- Summary Remarks -- Notes -- References -- Chapter 7 Investing in Energy Efficiency -- Supply-Side Efficiency -- Demand-Side Efficiency -- Better Energy Efficiency: Effect on Investment and Oil Consumption.
Overcoming Barriers to Energy Efficiency: Policy Instruments -- Summary Remarks -- Notes -- References -- Chapter 8 Regional Energy Integration -- Regional Integration in Electricity -- Natural Gas -- Conclusion -- Notes -- References -- Chapter 9 How Much Can It Help? -- Review: Effects of High and Volatile Oil Prices -- Reducing Oil Dependence -- What Can Be Gained -- Summing Up -- Note -- References -- Chapter 10 Conclusions -- Appendix A Country Development Indicators -- References -- Appendix B World Bank Advisory Services: Managing Oil Price Exposure and Implementing Risk Management Strategies -- Approach -- Needs Assessment -- Advisory Engagement -- Appendix C Accounting for Fuel Price Risk in Power System Planning: Case Studies in the Dominican Republic and Honduras -- Methodology -- Notes -- Reference -- Bibliography -- Back Cover.
This book addresses the need of oil-importing countries to mitigate vulnerability to oil price volatility. It offers financial instruments to manage price risk, complemented by structural measures designed to reduce oil consumption.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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