In recent years, security of energy supplies has re-emerged as a major policy concern. At the same time, there is a growing concern with regard to the physical and cyber security of critical infrastructure of strategic importance such as telecommunications, water supplies, transport systems and energy supplies. Physical and virtual networks serve as the nervous system of critical infrastructures and, while vital for the functioning of these facilities, due to their geographic spread they are vulnerable to natural disasters and malicious threats. As the modern economy is increasingly dependent on reliable but increasingly complex network infrastructures, the vulnerability of these and the cost of potential failure are also increasing. This chapter focuses on the economics, regulation and policy aspect of the security of energy networks.
|Title of host publication||Delivering Energy Law and Policy in the EU and the USA Reader|
|Editors||Raphael J. Heffron, Gavin F. M. Little|
|Place of Publication||United Kingdom|
|Publisher||Edinburgh University Press|
|Number of pages||5|
|Publication status||Published - 2016|