Social determinants of criminalization of manipulation in the energy market

Abstract

The article examines the complex interaction between societal factors and the criminalization of manipulations in the energy market. As society evolves, so do the legislative frameworks regulating economic sectors, including energy. Understanding the social determinants underlying the criminalization of manipulations in this critical sphere is crucial for policymakers, lawyers, and practitioners. By exploring these determinants, we gain insight into how societal norms, economic structures, and regulatory mechanisms converge to shape the contours of criminality in the energy market. Through this analysis, we seek to shed light on the multifaceted dynamics informing the legal response to manipulations, ultimately contributing to more informed decision-making and a more effective regulatory framework in the energy sector. The social determinants of criminalization of manipulation in the energy market are reflected in various aspects of societal life. Primarily, it is essential to protect consumer rights and economic interests and to preserve the health and well-being of our societies. Regulation and the establishment of criminal liability in this sphere promote the establishment of fair and transparent market conditions, fostering the development of a competitive energy sector. Additionally, this reduces dependence on unstable energy resources, which can mitigate the risks of geopolitical conflicts and energy crises. Ensuring trust in government and regulatory bodies through effective counteraction to manipulation in the energy market is critically important to uphold democratic values and the rule of law. This enhances the legitimacy of government and improves citizens' perception of the activities of state institutions. Finally, criminalizing manipulation in the energy market contributes to the preservation of natural resources and the reduction of negative environmental impact.