Diversification of structural and crisis risks in the energy sector of the ASEAN member countries

Abstract

The study aims to assess the alternatives to the diversification of energy carriers in the ASEAN member countries in the context of minimizing the risks associated with the creation of an energy portfolio. The indicator of the diversification of the energy carriers of the country based on the Shannon-Wiener index is used. In order to identify possible changes in the energy market of the ASEAN member countries, three scenarios are proposed based on an increase in the share of renewable energy sources. The assessment of possible deviations from the expected results according to the described scenarios for an increase in the share of renewable energy sources made it possible to single out countries affected by positive and negative deviations.

Keywords

• Renewable energy sources
• Risk minimization
• Energy efficiency
• Power supply
• Scenario