Difference between revisions of "Energy Crisis"
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* Electricity via the [[Grid]] | * Electricity via the [[Grid]] | ||
* Fossil Fuels | * 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]] | ||
== References == | == References == | ||
Revision as of 12:30, 11 March 2024
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
