The effects of corruption and counter-measures in the energy market on a regional, national and supranational level

Inhaltsverzeichnis (Table of Contents)

• Introduction
  • Foreword
  • Side Remark on Deregulation and Corruption
  • Regulatory Agencies – under constant pressure
  • When Structures are reshaped
• The Effects of Corruption
  • Definition Area of Corruption
  • Measurement of Corruption
  • Area of Impact
• Role of Regulation and its Methods
  • Rate of Return Regulation - ROR
  • Revenue Cap
  • Incentive Regulation
    • Price Cap
    • Yardstick Regulation - Benchmarking
    • Earnings Sharing
• General Structure of Energy Markets
  • Outline of the U.S Market
  • Outline of the EU Market
• Geographical Analysis of Significant Factors
  • Analysis of the Corruption Perception Index (CPI)
  • Correlation of the CPI and the respective Energy Sector Performance
  • Bribe Payer's Index 2011
• Case Studies of Corruption and Counter-Measures
  • Speculation and Artificial Shortages - Case of California
    • History in a nutshell
    • Enron - ask why
  • Theft of Power - Case of Turkey
  • Integrity loss by Alienation - Case of Argentina, Nigeria etc...
  • Cash Flow Redirection - Case of Ukraine
• Extracted Key Factors
  • Subsidies and Social Welfare
  • Financial Innovations
    • Market Trade
    • Mark to Market - Accounting Methods
    • Advancement into New Sectors
  • The Finiteness of Resources
  • Misinformation - Corruption of data
  • Lobbying as a Destabilizer
• Application of Counter-Measures
  • The U.K. Bribery Act as a showcase model
  • Code of Conduct - Lessons (to be) Learned
• Recap

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This master's thesis examines the effects of corruption and its counter-measures in the energy market on a regional, national, and supranational level. It aims to analyze the various ways in which corruption manifests itself in this sector and its subsequent impact on the efficiency and stability of energy markets. The thesis further explores the role of regulation and its methods in addressing corruption and promoting transparency. Here are some key themes:

• The definition, measurement, and impact of corruption in the energy market
• The effectiveness of various regulatory methods in curbing corruption
• Case studies of corruption in the energy market across different geographical regions
• The role of financial innovations and market trade in facilitating and counteracting corruption
• The impact of corruption on social welfare and the sustainability of energy resources

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduction - This chapter provides a general overview of the topic, outlining the thesis's main objective, and highlighting the importance of addressing corruption in the energy sector. It briefly discusses deregulation and corruption as related concepts, emphasizing the pressures faced by regulatory agencies, and the potential for structural changes in the energy market.
• Chapter 2: The Effects of Corruption - This chapter defines corruption within the energy market context, exploring various methods used to measure its prevalence. It analyzes the impact of corruption on different aspects of the energy sector, highlighting its consequences on market efficiency, investment, and the overall stability of energy supply.
• Chapter 3: Role of Regulation and its Methods - This chapter examines the various methods used by regulatory agencies to address corruption in the energy sector. It discusses the strengths and weaknesses of different regulatory approaches, including rate of return regulation, revenue cap, and incentive regulation.
• Chapter 4: General Structure of Energy Markets - This chapter provides an overview of the energy markets in the United States and the European Union. It examines the structure and dynamics of these markets, highlighting their specific challenges and vulnerabilities related to corruption.
• Chapter 5: Geographical Analysis of Significant Factors - This chapter analyzes the Corruption Perception Index (CPI) across different regions, examining the correlation between CPI scores and the respective energy sector performance. It also discusses the Bribe Payer's Index, which measures the perception of bribery risk in specific countries.
• Chapter 6: Case Studies of Corruption and Counter-Measures - This chapter presents case studies of corruption and counter-measures in various countries, highlighting different types of corrupt practices and their impact on the energy sector. It examines examples of speculation, theft, and cash flow redirection, illustrating the diverse ways in which corruption manifests itself in the energy market.
• Chapter 7: Extracted Key Factors - This chapter analyzes key factors that contribute to corruption in the energy market, including subsidies, financial innovations, resource scarcity, misinformation, and lobbying activities. It explores the complex interactions between these factors and their potential to undermine market stability and efficiency.
• Chapter 8: Application of Counter-Measures - This chapter examines the application of counter-measures to address corruption in the energy market. It discusses the effectiveness of the U.K. Bribery Act as a model for combating corruption and analyzes lessons learned from codes of conduct implemented in various countries.

Schlüsselwörter (Keywords)

This master's thesis explores the effects of corruption in the energy market. Key topics include regulatory methods, market structures, geographical analysis, case studies, financial innovations, and counter-measures. The work focuses on the impact of corruption on market efficiency, social welfare, and the sustainability of energy resources. Important terms include the Corruption Perception Index (CPI), Bribe Payer's Index, deregulation, incentive regulation, and market trade.