Reforming Competitive Electricity Markets to Meet Environmental Targets
AbstractThe UK and other EU countries are concerned to deliver secure, sustainable and affordable electricity, to meet challenging targets for decarbonisation and renewable energy. The UK Government has consulted and concluded that the present electricity market arrangements will not deliver all three goals, and has proposed a major Electricity Market Reform (EMR). This article describes the reasons for, and the nature of, the EMR, pointing to the need for further market and institutional reforms.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 1154.
Date of creation: 14 Sep 2011
Date of revision:
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Web page: http://www.econ.cam.ac.uk/index.htm
Other versions of this item:
- David M. Newbery, 2012. "Reforming Competitive Electricity Markets to Meet Environmental Targets," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1).
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-01 (All new papers)
- NEP-ENE-2011-10-01 (Energy Economics)
- NEP-ENV-2011-10-01 (Environmental Economics)
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- Roques, Fabien & Finon, Dominique, 2013.
"European electricity markets reforms:the «visible hand» of public coordination,"
Economics Papers from University Paris Dauphine
123456789/13147, Paris Dauphine University.
- Dominique Finon & Fabien Roques, 2013. "European Electricity Market Reforms: The "Visible Hand" of Public Coordination," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
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