Difference between revisions of "Energy Crisis"
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== Definition == | == Definition == | ||
| − | '''Energy Crisis''' | + | '''Energy Crisis''' is any systemic event where the supply of energy resources to an economy is severely restricted in relation to prior levels and/or expectations. The result may include significant reduction of economic activity but may also have broader social and welfare implications. |
| + | |||
| + | A crisis may relate to one or more energy sources used at a certain time and place, most typically: | ||
| + | * Electricity via the [[Grid]] | ||
| + | * Fossil Fuels | ||
| + | |||
| + | == Causes == | ||
| + | Energy crises may result from: | ||
| + | * Localized shortage due to [[Energy System]] deficiencies or volatile supply versus demand | ||
| + | * [[Geopolitical Risk]] (wars, boycots etc.) | ||
| + | * [[Market Manipulation]] | ||
| + | |||
| + | == See Also == | ||
| + | * [[Energy Risk Events]] | ||
== References == | == References == | ||
Latest revision as of 12:33, 11 March 2024
Contents
Definition
Energy Crisis is any systemic event where the supply of energy resources to an economy is severely restricted in relation to prior levels and/or expectations. The result may include significant reduction of economic activity but may also have broader social and welfare implications.
A crisis may relate to one or more energy sources used at a certain time and place, most typically:
- Electricity via the Grid
- Fossil Fuels
Causes
Energy crises may result from:
- Localized shortage due to Energy System deficiencies or volatile supply versus demand
- Geopolitical Risk (wars, boycots etc.)
- Market Manipulation
