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Contractual and Financing Arrangements for New Nuclear Investment in Liberalized Markets: Which Efficient Combination?

In: Security of Energy Supply in Europe

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  • Dominique Finon
  • Fabien Roques

Abstract

In economic, technical and political terms, the security of energy supply is of the utmost importance for Europe. Alongside competition and sustainability, supply security represents a cornerstone of the EU’s energy policy, and in times of rising geopolitical conflict plays an increasingly important role in its external relations. Within this context, the contributors analyse and explore the natural gas, nuclear, and hydrogen energy sectors, which will be of critical significance for the future of energy supplies in Europe.

Suggested Citation

  • Dominique Finon & Fabien Roques, 2010. "Contractual and Financing Arrangements for New Nuclear Investment in Liberalized Markets: Which Efficient Combination?," Chapters, in: François Lévêque & Jean-Michel Glachant & Julián Barquín & Christian von Hirschhausen & Franziska Ho (ed.), Security of Energy Supply in Europe, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13887_6
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    References listed on IDEAS

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    1. Dominique Finon, 2008. "Investment risk allocation in decentralised electricity markets. The need of long-term contracts and vertical integration," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 32(2), pages 150-183, June.
    2. Neuhoff, Karsten & De Vries, Laurens, 2004. "Insufficient incentives for investment in electricity generations," Utilities Policy, Elsevier, vol. 12(4), pages 253-267, December.
    3. Roques, Fabien A., 2008. "Technology choices for new entrants in liberalized markets: The value of operating flexibility and contractual arrangements," Utilities Policy, Elsevier, vol. 16(4), pages 245-253, December.
    4. Bredimas, Alexandre & Nuttall, William J., 2008. "An international comparison of regulatory organizations and licensing procedures for new nuclear power plants," Energy Policy, Elsevier, vol. 36(4), pages 1344-1354, April.
    5. Levy, Brian & Spiller, Pablo T, 1994. "The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 10(2), pages 201-246, October.
    6. Karsten Neuhoff & Laurens De Vries, 2004. "Insufficient Incentives for Investment," Working Papers EP42, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    7. Roques, Fabien A. & Newbery, David M. & Nuttall, William J., 2008. "Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach," Energy Economics, Elsevier, vol. 30(4), pages 1831-1849, July.
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    9. repec:dau:papers:123456789/1240 is not listed on IDEAS
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    12. Roland Ismer & Karsten Neuhoff, 2006. "Commitments through Financial Options: A Way to Facilitate Compliance with Climate Change Obligations," Working Papers EPRG 0625, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
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