Energy and economy: between public choices and market incentives

The amount of energy reserves, energy supply and demand in a country depend to a large extent on the economic conditions prevailing at a given moment. Energy exchanges are mostly organized on a market but the constraints imposed by the public Authorities must also be taken into account because of the eminently strategic nature of energy, especially oil and electricity. The energy pricing obeys different rules according to the types of energy and there is a specificity of electricity. The climate challenge is today the main challenge facing the global energy sector in the world. (author)