Energy Economics

Energy Economics is primarily a textbook for engineering, business and economics
students who wish to develop an economic understanding of current energy issues.
It can also serve as a reference book for a wider interdisciplinary audience, such as
scientists with a basic knowledge of economics.

Using simple economic models, the book analyzes the strategy and behavior of the
key players in the energy market. The objective is to help the reader understand
the institutions and driving forces of energy markets, recognize the motives behind
policies such as price controls and environmental regulations, assess their costs and
benefits, and ultimately make well-founded business and policy decisions in the
energy field.

The main topics covered in the book are the history and future of energy use, the
optimal use of non-renewable energy resources, the economics of the environment,
energy ef ciency and climate change, and the functioning of the markets for coal, oil,
gas, electricity and renewables.

Guido Pepermans is Associate Professor at the KU Leuven Faculty of Economics and Business.
He teaches energy economics, sustainability economics and data analysis. He is specialized
in empirical energy economics, valuation studies and numerical optimization models, and is
member of the Center for Economics and Corporate Sustainability (CEDON).

Joris Morbee is Senior Analyst at hedge fund Citadel in London. He specializes in models to
predict European electricity and gas markets. He is also a part-time Visiting Professor at KU
Leuven, where he teaches energy economics.

Marten Ovaere is a Postdoctoral Associate in the School of Forestry & Environmental Studies
at Yale University. He is specialized in the economics and regulation of electricity markets and
electricity networks, with a focus on electricity reliability and renewable energy.

Stef Proost is emeritus Full Professor of Economics at the Department of Economics of KU
Leuven. He teaches environmental and transport economics and has been teaching energy
economics. He is also co-founder of the KU Leuven Energy Institute and Transport Mobility
Leuven.