What defines energy security?

Energy security is fundamentally defined by the uninterrupted availability of energy sources at an affordable price. This concept encompasses not only the physical availability of energy resources, such as oil, gas, or renewable sources, but also the economic aspects that ensure these resources can be accessed without significant financial burden.

A key component of energy security is the stability of energy supply, which is critical for the functioning of economies and for maintaining the quality of life for individuals. Affordability is essential because high energy costs can lead to economic strain and energy poverty, making it difficult for individuals and businesses to meet their energy needs.

In contrast, having energy sources available at high prices does not constitute energy security, as it poses barriers to accessibility and does not guarantee consistent supply. Reduced dependency on nuclear power may address specific concerns but does not alone define energy security, as it ignores the broader aspect of energy supply and affordability. Similarly, the availability of energy only during peak demand would not meet the needs of consumers or industries that require a reliable, continuous energy supply, undermining the concept of energy security.