Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region
The cost of energy in Eastern Europe and Central Asia, as elsewhere, is an important policy issue, as shown by the concerns for energy affordability during the past harsh winter. Governments try to moderate the burden of energy expenditures that is...
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| Format: | Economic & Sector Work |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/06/16630389/europe-central-asia-balancing-act-cutting-subsidies-protecting-affordability-investing-energy-sector-eastern-europe-central-asia-region http://hdl.handle.net/10986/11910 |
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okr-10986-119102021-04-23T14:02:58Z Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region World Bank AFFORDABLE ENERGY ALTERNATIVE ENERGY AVAILABILITY BALANCE CARBON CARBON ECONOMY CARBON EMISSIONS CLIMATE COAL CONSUMER SURPLUS CONSUMPTION PATTERNS COST OF ENERGY COST SAVINGS COSTS OF ENERGY PRODUCTION DEBT DEMAND FOR ENERGY DEMAND MANAGEMENT DISTRIBUTION OF ENERGY DISTRIBUTION OF GAS DISTRICT HEATING DRILLING ECONOMIC GROWTH ELECTRIC APPLIANCES ELECTRIC POWER ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCTION ELECTRICITY SECTOR ELECTRICITY TARIFF ELECTRICITY TARIFFS EMISSIONS EMPIRICAL ANALYSIS ENERGY BILLS ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EXPENDITURE ENERGY EXPENDITURES ENERGY GENERATION ENERGY INTENSITY ENERGY MARKETS ENERGY NEEDS ENERGY POLICIES ENERGY PRICE ENERGY PRICES ENERGY PRICING ENERGY PRODUCTS ENERGY RESOURCES ENERGY SOURCE ENERGY SOURCES ENERGY SUPPLY ENERGY USAGE ENERGY USE ENVIRONMENTAL ENVIRONMENTAL COSTS ENVIRONMENTAL IMPLICATIONS ENVIRONMENTAL TAX ENVIRONMENTS EXPENDITURES EXPLOITATION FUEL GAS CONSUMPTION GAS PRICES GAS SECTOR GROSS DOMESTIC PRODUCT HEAT HIGHER ENERGY PRICES HOT WATER HOUSEHOLD ENERGY HOUSEHOLD SECTOR HYDROPOWER IMPROVEMENTS IN ENERGY EFFICIENCY IMPROVING ENERGY EFFICIENCY INCOME INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY LIQUEFIED NATURAL GAS LIQUEFIED PETROLEUM GAS LIVING STANDARDS MARKET PRICES MEMBER STATES NATURAL GAS NATURAL MONOPOLIES OIL OIL MARKETS OIL PRICES PERVERSE INCENTIVES PETROLEUM PETROLEUM GAS PIPELINE POLICY MAKERS POLITICAL ECONOMY POWER POWER GENERATION POWER GENERATION CAPACITY POWER SECTOR PRESENT VALUE PRICE CHANGES PRICE OF ELECTRICITY PRICE OF GAS PRIMARY ENERGY PRODUCTION COSTS PURCHASING POWER QUALITY OF ENERGY RENEWABLE SOURCES RESIDENTIAL ENERGY RETROFITTING SOCIAL COSTS SPACE HEATING SUSTAINABLE DEVELOPMENT TARIFF LEVELS TARIFF STRUCTURE TARIFF STRUCTURES UTILITIES WELFARE LOSS WORLD OIL WORLD OIL PRODUCTION The cost of energy in Eastern Europe and Central Asia, as elsewhere, is an important policy issue, as shown by the concerns for energy affordability during the past harsh winter. Governments try to moderate the burden of energy expenditures that is experienced by households through subsidies to the energy providers, so that households pay tariffs below the cost recovery level for the energy they use. These subsidies result in significant pressures on government budgets when international prices rise. They also provide perverse incentives for the overconsumption of energy as households do not pay the true cost of energy, and therefore, have fewer incentives to save or to invest in energy efficiency. Balancing competing claims-fiscal and environmental concerns which would push for raising energy tariffs on the one hand and affordability and political economy concerns which push for keeping tariffs artificially low on the other-is a task that policy makers in the region are increasingly unable to put off. Addressing this issue is all the more pressing as the ongoing crisis continues to add stress to government budgets, and that international energy prices remain high. This is the first report to assess, at the micro level for the whole region, the distributional impact of raising energy tariffs to cost recovery levels and to simulate policy options to cushion these impacts. 2012-12-05T21:22:53Z 2012-12-05T21:22:53Z 2012-06 http://documents.worldbank.org/curated/en/2012/06/16630389/europe-central-asia-balancing-act-cutting-subsidies-protecting-affordability-investing-energy-sector-eastern-europe-central-asia-region http://hdl.handle.net/10986/11910 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Energy Study Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AFFORDABLE ENERGY ALTERNATIVE ENERGY AVAILABILITY BALANCE CARBON CARBON ECONOMY CARBON EMISSIONS CLIMATE COAL CONSUMER SURPLUS CONSUMPTION PATTERNS COST OF ENERGY COST SAVINGS COSTS OF ENERGY PRODUCTION DEBT DEMAND FOR ENERGY DEMAND MANAGEMENT DISTRIBUTION OF ENERGY DISTRIBUTION OF GAS DISTRICT HEATING DRILLING ECONOMIC GROWTH ELECTRIC APPLIANCES ELECTRIC POWER ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCTION ELECTRICITY SECTOR ELECTRICITY TARIFF ELECTRICITY TARIFFS EMISSIONS EMPIRICAL ANALYSIS ENERGY BILLS ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EXPENDITURE ENERGY EXPENDITURES ENERGY GENERATION ENERGY INTENSITY ENERGY MARKETS ENERGY NEEDS ENERGY POLICIES ENERGY PRICE ENERGY PRICES ENERGY PRICING ENERGY PRODUCTS ENERGY RESOURCES ENERGY SOURCE ENERGY SOURCES ENERGY SUPPLY ENERGY USAGE ENERGY USE ENVIRONMENTAL ENVIRONMENTAL COSTS ENVIRONMENTAL IMPLICATIONS ENVIRONMENTAL TAX ENVIRONMENTS EXPENDITURES EXPLOITATION FUEL GAS CONSUMPTION GAS PRICES GAS SECTOR GROSS DOMESTIC PRODUCT HEAT HIGHER ENERGY PRICES HOT WATER HOUSEHOLD ENERGY HOUSEHOLD SECTOR HYDROPOWER IMPROVEMENTS IN ENERGY EFFICIENCY IMPROVING ENERGY EFFICIENCY INCOME INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY LIQUEFIED NATURAL GAS LIQUEFIED PETROLEUM GAS LIVING STANDARDS MARKET PRICES MEMBER STATES NATURAL GAS NATURAL MONOPOLIES OIL OIL MARKETS OIL PRICES PERVERSE INCENTIVES PETROLEUM PETROLEUM GAS PIPELINE POLICY MAKERS POLITICAL ECONOMY POWER POWER GENERATION POWER GENERATION CAPACITY POWER SECTOR PRESENT VALUE PRICE CHANGES PRICE OF ELECTRICITY PRICE OF GAS PRIMARY ENERGY PRODUCTION COSTS PURCHASING POWER QUALITY OF ENERGY RENEWABLE SOURCES RESIDENTIAL ENERGY RETROFITTING SOCIAL COSTS SPACE HEATING SUSTAINABLE DEVELOPMENT TARIFF LEVELS TARIFF STRUCTURE TARIFF STRUCTURES UTILITIES WELFARE LOSS WORLD OIL WORLD OIL PRODUCTION |
| spellingShingle |
AFFORDABLE ENERGY ALTERNATIVE ENERGY AVAILABILITY BALANCE CARBON CARBON ECONOMY CARBON EMISSIONS CLIMATE COAL CONSUMER SURPLUS CONSUMPTION PATTERNS COST OF ENERGY COST SAVINGS COSTS OF ENERGY PRODUCTION DEBT DEMAND FOR ENERGY DEMAND MANAGEMENT DISTRIBUTION OF ENERGY DISTRIBUTION OF GAS DISTRICT HEATING DRILLING ECONOMIC GROWTH ELECTRIC APPLIANCES ELECTRIC POWER ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCTION ELECTRICITY SECTOR ELECTRICITY TARIFF ELECTRICITY TARIFFS EMISSIONS EMPIRICAL ANALYSIS ENERGY BILLS ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EXPENDITURE ENERGY EXPENDITURES ENERGY GENERATION ENERGY INTENSITY ENERGY MARKETS ENERGY NEEDS ENERGY POLICIES ENERGY PRICE ENERGY PRICES ENERGY PRICING ENERGY PRODUCTS ENERGY RESOURCES ENERGY SOURCE ENERGY SOURCES ENERGY SUPPLY ENERGY USAGE ENERGY USE ENVIRONMENTAL ENVIRONMENTAL COSTS ENVIRONMENTAL IMPLICATIONS ENVIRONMENTAL TAX ENVIRONMENTS EXPENDITURES EXPLOITATION FUEL GAS CONSUMPTION GAS PRICES GAS SECTOR GROSS DOMESTIC PRODUCT HEAT HIGHER ENERGY PRICES HOT WATER HOUSEHOLD ENERGY HOUSEHOLD SECTOR HYDROPOWER IMPROVEMENTS IN ENERGY EFFICIENCY IMPROVING ENERGY EFFICIENCY INCOME INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY LIQUEFIED NATURAL GAS LIQUEFIED PETROLEUM GAS LIVING STANDARDS MARKET PRICES MEMBER STATES NATURAL GAS NATURAL MONOPOLIES OIL OIL MARKETS OIL PRICES PERVERSE INCENTIVES PETROLEUM PETROLEUM GAS PIPELINE POLICY MAKERS POLITICAL ECONOMY POWER POWER GENERATION POWER GENERATION CAPACITY POWER SECTOR PRESENT VALUE PRICE CHANGES PRICE OF ELECTRICITY PRICE OF GAS PRIMARY ENERGY PRODUCTION COSTS PURCHASING POWER QUALITY OF ENERGY RENEWABLE SOURCES RESIDENTIAL ENERGY RETROFITTING SOCIAL COSTS SPACE HEATING SUSTAINABLE DEVELOPMENT TARIFF LEVELS TARIFF STRUCTURE TARIFF STRUCTURES UTILITIES WELFARE LOSS WORLD OIL WORLD OIL PRODUCTION World Bank Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region |
| geographic_facet |
Europe and Central Asia |
| description |
The cost of energy in Eastern Europe and
Central Asia, as elsewhere, is an important policy issue, as
shown by the concerns for energy affordability during the
past harsh winter. Governments try to moderate the burden of
energy expenditures that is experienced by households
through subsidies to the energy providers, so that
households pay tariffs below the cost recovery level for the
energy they use. These subsidies result in significant
pressures on government budgets when international prices
rise. They also provide perverse incentives for the
overconsumption of energy as households do not pay the true
cost of energy, and therefore, have fewer incentives to save
or to invest in energy efficiency. Balancing competing
claims-fiscal and environmental concerns which would push
for raising energy tariffs on the one hand and affordability
and political economy concerns which push for keeping
tariffs artificially low on the other-is a task that policy
makers in the region are increasingly unable to put off.
Addressing this issue is all the more pressing as the
ongoing crisis continues to add stress to government
budgets, and that international energy prices remain high.
This is the first report to assess, at the micro level for
the whole region, the distributional impact of raising
energy tariffs to cost recovery levels and to simulate
policy options to cushion these impacts. |
| format |
Economic & Sector Work |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region |
| title_short |
Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region |
| title_full |
Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region |
| title_fullStr |
Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region |
| title_full_unstemmed |
Europe and Central Asia Balancing Act : Cutting Subsidies, Protecting Affordability, and Investing in the Energy Sector in Eastern Europe and Central Asia Region |
| title_sort |
europe and central asia balancing act : cutting subsidies, protecting affordability, and investing in the energy sector in eastern europe and central asia region |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/06/16630389/europe-central-asia-balancing-act-cutting-subsidies-protecting-affordability-investing-energy-sector-eastern-europe-central-asia-region http://hdl.handle.net/10986/11910 |
| _version_ |
1764418420625899520 |