Lesson 7 - Energy Players + Roles

Question 1

What is the primary role of consumers?

Answer 1

Create energy demand
Response to price/cost factors

Question 2

How can consumers exert influence over energy companies?

Answer 2

Investing in alternatives (Renewable etc)
Protests

Question 3

What are the non-market influences of energy consumers?

Answer 3

Political engagement
Govt. policies
Adhering to regulations

Question 4

What is the energy priority of a government?

Answer 4

Retain + improve energy security
Securing of long term supply prospects

Question 5

How does the govt. moderate the energy mix + security?

Answer 5

Regulate private companies
Set + comply with env. policy
Meet international obligations

Question 6

Which operations are energy TNC’s typically involved in?

Answer 6

Extracting, transporting, producing and refining

Question 7

How + why do TNCs locate globally?

Answer 7

HQ in developed nations
Operate branches in emerging states
Advantageous of cheap production costs

Question 8

How do TNCs influence energy prices?

Answer 8

Discovery of new deposits
Reducing productivity of existing reserves

Question 9

How do TNCs relate to governments?

Answer 9

State ownership is common
Influence govt. policy
Affected by regulation/legislation