La sécurité de l'approvisionnement électrique. Quels enjeux pour la régulation ?
AbstractThe volatility in electricity markets disrupts price signals for investors and could induce an insufficient level of generating capacity. The risks are all the more significant since the profitability of peak-load capacities is especially sensitive to the level of prices that are realised during the small number of hours in which they produce energy. But, the difficulty to balance between scarcity rents and abuses of market power could induce regulatory interventions as too stringent price-caps. These ones could make worse the spontaneous market under-investment. They restrict the scarcity rents expected by the investors and reinforce the law uncertainty. Our purpose is to analyse the mechanisms which are used to provide an optimal level of generating capacity, as capacity obligations, payments or markets, and to underline the complementarities between decentralised investment decisions and public action. JEL codes: K23, L43, L94.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue de l'OFCE.
Volume (Year): 101 (2007)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.cairn.info/revue-de-l-ofce.htm
Other versions of this item:
- Frédéric Marty, 2007. "La securité de l'approvisionnement électrique: quels enjeux pour la régulation ?," Documents de Travail de l'OFCE 2007-05, Observatoire Francais des Conjonctures Economiques (OFCE).
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.