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      Energy performance and economics: A review of hypothetical progress in the energy sector : This essay introduces critical topics for understanding current energy transitions by blending social studies of markets with energy studies. The socio-technical energy system in transition can be viewed as an integral part of the financial system; on the other hand, the case of energy complements the social studies of markets and economics by emphasizing the interdependence between economics, engineering problems, existing infrastructures, and political tensions when market-based energy is at stake.

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            Abstract

            many energy market design solutions have been proposed for many years. These include boosting international trade, reducing emissions, securing future electricity capacity, and increasing flexibility amid a growing number of intermittent renewable energy sources. Notional and methodological inventions in sociology are motivated by the emerging economic understandings of the energy infrastructure. The first part discusses how economic theories, instruments, and other methods are used to make market economic analysis more meaningful. With an emphasis on markets, liberalization, and sustainability, the second portion focuses on emerging studies that use these approaches. This essay introduces critical topics for understanding current energy transitions by blending social studies of markets with energy studies. The socio-technical energy system in transition can be viewed as an integral part of the financial system; on the other hand, the case of energy complements the social studies of markets and economics by emphasizing the interdependence between economics, engineering problems, existing infrastructures, and political tensions when market-based energy is at stake.

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            Author and article information

            Journal
            ScienceOpen Preprints
            ScienceOpen
            21 August 2022
            Affiliations
            [1 ] Department of Energy Engineering and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
            Author notes
            Article
            10.14293/S2199-1006.1.SOR-.PPISFLA.v1
            a28836b8-34db-4a94-bc92-566acf9ce5f3

            This work has been published open access under Creative Commons Attribution License CC BY 4.0 , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com .


            All data generated or analysed during this study are included in this published article (and its supplementary information files).
            Environmental engineering,Renewable energy,Economics
            Market sociology, Economics of performance, Electricity and energy, Affordability of infrastructure, Democratization

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