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Markets for Electricity in Europe

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  • Richard Green

Abstract

Competition in the electricity industry requires properly functioning wholesale markets. This paper discusses the better-established electricity markets of Europe, in the Nordic countries, England and Wales, and Spain. The different market designs can all produce efficient outcomes, if not hindered by market power. Long-term contracts provide some defence against market power, and give price stability to promote investment. Competition in electricity retailing may discourage retailers from signing long-term contracts in future. Copyright 2001, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 17 (2001)
Issue (Month): 3 ()
Pages: 329-345

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Handle: RePEc:oup:oxford:v:17:y:2001:i:3:p:329-345

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Web page: http://oxrep.oupjournals.org/

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Cited by:
  1. Hu, X. & Ralph, D. & Ralph, E.K. & Bardsley, P. & Ferris, M.C., 2004. "Electricity Generation with Looped Transmission Networks: Bidding to an ISO," Cambridge Working Papers in Economics 0470, Faculty of Economics, University of Cambridge.
  2. Graziella Marzi, 2003. "Luci ed ombre: concorrenza e regolazione nel settore elettrico. Gli orientamenti europei e nazionali," Working Papers 69, University of Milano-Bicocca, Department of Economics, revised Dec 2003.
  3. Finon, Dominique, 2006. "Incentives to invest in liberalised electricity industries in the North and South. Differences in the need for suitable institutional arrangements," Energy Policy, Elsevier, vol. 34(5), pages 601-618, March.
  4. Mª Dolores Furió Ortega & Julio Lucia López, . "Congestion management rules and trading strategies," Studies on the Spanish Economy 222, FEDEA.
  5. Furió, Dolores & Lucia, Julio J., 2009. "Congestion management rules and trading strategies in the Spanish electricity market," Energy Economics, Elsevier, vol. 31(1), pages 48-60, January.

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