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L'électricité est-elle un bien public ?

Author

Listed:
  • Evens Salies
  • Lynne Kiesling
  • Michael Giberson

Abstract

Wholesale electricity markets are increasingly driven by the rules of competition while recent outages in different regions of the world suggest that security of supply is a public good. The objective of this paper is to show that security of supply and more generally, electricity supply has both public and private characteristics. Whilst the public good characteristic explains why some producers may prefer to free ride on others? investments to maintain reliability, the private good aspect of reliability shows that agents may have a variety of preferences for reliability. Then by relying on the concept of Pareto-relevant externality, the paper explores the private aspect of reliability for the prospect of creating and selling reliability as a differentiated product complementary to bulk power markets. Finally, policy recommendations are derived that aim to enhance information content in the network. JEL codes: H41, L94, L98.

Suggested Citation

  • Evens Salies & Lynne Kiesling & Michael Giberson, 2007. "L'électricité est-elle un bien public ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 101(2), pages 399-420.
    • Handle: RePEc:cai:reofsp:reof_101_0399
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    Cited by:

    1. Keppler, Jan Horst, 2017. "Rationales for capacity remuneration mechanisms: Security of supply externalities and asymmetric investment incentives," Energy Policy, Elsevier, vol. 105(C), pages 562-570.
    2. repec:spo:wpmain:info:hdl:2441/60sgjahunh9dkqd8c1s048perp is not listed on IDEAS

    More about this item

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy

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