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Competition, Contracts and Electricity Markets: A New Perspective

Author

Listed:
  • Jean-Michel Glachant

    (LdP - Loyola de Palacio Programme - EUI - European University Institute)

  • Dominique Finon

    (CIRED - Centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - AgroParisTech - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • Adrien de Hauteclocque

    (LdP - Loyola de Palacio Programme - EUI - European University Institute)

Abstract

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors - prominent academics and policy experts with inter-disciplinary perspectives - develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.

Suggested Citation

  • Jean-Michel Glachant & Dominique Finon & Adrien de Hauteclocque, 2011. "Competition, Contracts and Electricity Markets: A New Perspective," Post-Print hal-00772780, HAL.
  • Handle: RePEc:hal:journl:hal-00772780
    Note: View the original document on HAL open archive server: https://hal-enpc.archives-ouvertes.fr/hal-00772780
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    Cited by:

    1. Marius Buchmann, 2019. "How decentralization drives a change of the institutional framework on the distribution grid level in the electricity sector – the case of local congestion markets," Bremen Energy Working Papers 0031, Bremen Energy Research.

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