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An assessment of the European electricity market reform options and a pragmatic proposal

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  • J.P. Chaves
  • R. Cossent
  • T. Gómez San Román
  • P. Linares
  • M. Rivier

Abstract

No abstract is available for this item.

Suggested Citation

  • J.P. Chaves & R. Cossent & T. Gómez San Román & P. Linares & M. Rivier, 2023. "An assessment of the European electricity market reform options and a pragmatic proposal," Working Papers EPRG2305, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg2305
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    File URL: https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2305.pdf
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    References listed on IDEAS

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    1. Karsten Neuhoff & Jörn C. Richstein & Mats Kröger, 2023. "Reacting to Changing Paradigms: How and Why to Reform Electricity Markets," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 127, number pbk189, September.
    2. Batlle, Carlos & Barroso, Luiz A. & Pérez-Arriaga, Ignacio J., 2010. "The changing role of the State in the expansion of electricity supply in Latin America," Energy Policy, Elsevier, vol. 38(11), pages 7152-7160, November.
    3. Banfi, Silvia & Filippini, Massimo & Mueller, Adrian, 2005. "An estimation of the Swiss hydropower rent," Energy Policy, Elsevier, vol. 33(7), pages 927-937, May.
    4. Leandro Lind & Rafael Cossent & José Pablo Chaves‐Ávila & Tomás Gómez San Román, 2019. "Transmission and distribution coordination in power systems with high shares of distributed energy resources providing balancing and congestion management services," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 8(6), November.
    5. Eirik S. Amundsen & Christian Andersen & Jan Gaute Sannarnes, 1992. "Rent Taxes on Norwegian Hydropower Generation," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 97-116.
    6. Newbery, D., 2005. "Why Tax Energy? Towards a More Rational Energy Policy," Cambridge Working Papers in Economics 0508, Faculty of Economics, University of Cambridge.
    7. Karsten Neuhoff, Sophia Wolter and Sebastian Schwenen, 2016. "Power markets with Renewables: New perspectives for the European Target Model," The Energy Journal, International Association for Energy Economics, vol. 0(Bollino-M).
    8. Eicke, Anselm & Schittekatte, Tim, 2022. "Fighting the wrong battle? A critical assessment of arguments against nodal electricity prices in the European debate," Energy Policy, Elsevier, vol. 170(C).
    9. Richard Schmalensee, 2022. "Competitive Energy Storage and the Duck Curve," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
    10. Gerres, Timo & Chaves Ávila, José Pablo & Martín Martínez, Francisco & Abbad, Michel Rivier & Arín, Rafael Cossent & Sánchez Miralles, Álvaro, 2019. "Rethinking the electricity market design: Remuneration mechanisms to reach high RES shares. Results from a Spanish case study," Energy Policy, Elsevier, vol. 129(C), pages 1320-1330.
    11. Newbery, David, 2016. "Missing money and missing markets: Reliability, capacity auctions and interconnectors," Energy Policy, Elsevier, vol. 94(C), pages 401-410.
    12. Neuhoff, Karsten & Richstein, Jörn C. & Kröger, Mats, 2023. "Reacting to changing paradigms: How and why to reform electricity markets," Energy Policy, Elsevier, vol. 180(C).
    13. Liski, Matti & Montero, Juan-Pablo, 2006. "Forward trading and collusion in oligopoly," Journal of Economic Theory, Elsevier, vol. 131(1), pages 212-230, November.
    14. Olga Chiappinelli & Karsten Neuhoff, 2020. "Time-Consistent Carbon Pricing: The Role of Carbon Contracts for Differences," Discussion Papers of DIW Berlin 1859, DIW Berlin, German Institute for Economic Research.
    15. Paul L Joskow, 2019. "Challenges for wholesale electricity markets with intermittent renewable generation at scale: the US experience," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(2), pages 291-331.
    16. Ignacio Herrero, Pablo Rodilla, and Carlos Batlle, 2018. "Enhancing Intraday Price Signals in U.S. ISO Markets for a Better Integration of Variable Energy Resources," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    17. Brito-Pereira, Paulo & Mastropietro, Paolo & Rodilla, Pablo & Barroso, Luiz Augusto & Batlle, Carlos, 2022. "Adjusting the aim of capacity mechanisms: Future-proof reliability metrics and firm supply calculations," Energy Policy, Elsevier, vol. 164(C).
    18. Koichiro Ito, 2014. "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing," American Economic Review, American Economic Association, vol. 104(2), pages 537-563, February.
    19. David M. Newbery, 2005. "Why Tax Energy? Towards a More Rational Policy," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 1-40.
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    Cited by:

    1. Mastropietro, Paolo & Rodilla, Pablo & Rivier, Michel & Batlle, Carlos, 2024. "Reliability options: Regulatory recommendations for the next generation of capacity remuneration mechanisms," Energy Policy, Elsevier, vol. 185(C).

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    More about this item

    Keywords

    Electricity market; energy transition; renewables;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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