TY - JOUR

T1 - Upward Movement in Energy Prices

AU - Kemfert, Claudia

PY - 2004

Y1 - 2004

N2 - Energy prices have risen strongly recently, and conse-quently become a controversial issue in economic policy.The rises are due to a number of factors _ turbulence onthe international oil market and its effects on otherenergy markets, price increases for environmental rea-sons and delays in liberalising and regulating electricityand gas supplies.International oil prices reached a record level inOctober 2004. Coal prices followed, as did gas pricesafter a delay of a few months. Moreover, energy pricesin Germany are relatively high by European compari-son, for both private households and industrial custom-ers. While the differences in fuel prices are almostentirely due to higher taxation, there are other reasonsas well for the increases in prices for electricity and gas

AB - Energy prices have risen strongly recently, and conse-quently become a controversial issue in economic policy.The rises are due to a number of factors _ turbulence onthe international oil market and its effects on otherenergy markets, price increases for environmental rea-sons and delays in liberalising and regulating electricityand gas supplies.International oil prices reached a record level inOctober 2004. Coal prices followed, as did gas pricesafter a delay of a few months. Moreover, energy pricesin Germany are relatively high by European compari-son, for both private households and industrial custom-ers. While the differences in fuel prices are almostentirely due to higher taxation, there are other reasonsas well for the increases in prices for electricity and gas

KW - Economics

M3 - Journal articles

SP - 433

EP - 440

JO - DIW Weekly Report

JF - DIW Weekly Report

SN - 1860-3343

IS - 12/2004

ER -