The commodity market which could make deals over the trade and supply of energy is known to be the energy markets. In the case of the energy market, it could be getting into the reference over an electricity market which could be referred with the other cases of energy in its production and supply over the market. Through the energy policy of the government could be resulted in the energy development that could be encouraged with the development of the industries which are related to energy sources. The development of the energy industry has been competitively taken into account. So for the better choice of the energy sources, one should focus on the Power to Choose websites. There it could occur with the dramatic change over energy markets get underwent until the year 1970s, and due to the basis of the organizational structures, the energy industry has been focused on the characterization of the monopoly. With the help of the seven sisters, there the most of the cases of the world’s petroleum reserves that have been controlled. In the year 1973, there is a considerable change held in the circumstances that happened due to the influence of the growth of the organization of the petroleum exporting countries. And then in the year 1973, the consequences that happened in the oil crisis have been affected in the markets of global energy.
Regulation and liberation over the energy market:
In some of the countries, there the liberation has been taken into the process of energy markets. The processes of liberalization have been regulated over the authorities of the international and international markets that could be included in the market of liberalization. The regulation process has been authorized for the protection of consumer rights and then to avoid oligopolies in the market of energy rates. In Australia, the Australian energy markets commission has been included with the regulators and then in Singapore, the energy market authority, and then the energy community in Europe. Then the south-east Europe regional energy market has been replaced and for the Nordic countries, the Nordic energy market has been considered as the regulators. To liberate the markets of the energy there the members have been required of the European Union. The volatility of the prices has been discouraged to seek out of the regulators and if the need is required then the markets have to be reformed and then the anticompetitive behaviors could be searched for the pieces of evidence which could be due to the creation of the monopoly.
The increase over the speculation of the energy:
In the year 2003, due to the development of the increase over the oil price and also the increase of speculation leads the energy markets to get into the review of the generation. And by the year 2008, the sentiments over the petroleum importing nations have to be addressed through the energy markets through organizing various conferences about the petroleum importing nations. The market of energy production in Russia has been marketed and then it has been getting into reformation. Then the reform of the energy market has been getting into the introduction, due to the coordination and then because of the consumer prize of Russia.