Yearly Archives: 2008

Summary : This paper investigates strategic capacity choices in an electricity markets with heterogenous firms. With a competitive wholesale market, the paper focusses on long term strategic investment. Two technologies are available to produce electricity, both are efficient and used … read →

Summary : Theoretical models with switching costs demonstrated that, in a dynamic game, firms have incentives to adopt two-period strategies. Firms “invest” in markets at an early stage in their development to be able to “harvest” in later stage when … read →

Summary: The failure of pure electricity suppliers is indicative of the incapacity of their organizational model to manage efficiently the combination of sourcing and market risks in a setting of fierce price competition. Because of the structural dimension of electricity’s … read →

Summary : Power system adequacy has currently public good features that cannot be entirely solved by electricity markets. Regulatory intervention is then necessary and old methods to assess adequacy have been used to help regulators to fix this market failure. … read →

Summary : The case of long-term vertical contracts in the EU electricity markets is a topical example of the difficulties faced by Competition authorities with the liberalization of network industries. Their ambiguous effects on the competitive structure, investment and consumer … read →

Summary : The paper studies how the risks specific to a nuclear power investment in liberalised markets – regulatory, construction, operation and market risks – can be mitigated or transferred away from the plant investor through different contractual and organisational … read →

Summary : None of the far-reaching experiments in electricity industry liberalization proved able to ensure the timely and optimal capacity mix development. The theoretical market model features failures attributable to the specific volatility of prices, the difficulty of creating complete … read →

Summary : The reforms endeavoured in the electric sector should have led to a complete reshaping of the industrial structures, regulation modes and exchanges coordinating devices. Instead, most of the electric systems remain organized around vertically integrated companies, reducing the … read →

Abstract : This article is a critical analysis of the instruments and practices of European competition policies regarding market power on wholesale electricity markets. Because of the specificities of the electricity sector, competition policies are facing difficulties to identify market … read →

Summary : in Public Economics, the simple supply mechanism for a collective good is the centralised provision by government, and paid by all beneficiaries through a small and targeted tax. In the case of capacity adequacy in power supply, which … read →

Abstract The competitive reform will inescapably breeds price rise for french consumers when regulated tariffs will be suppressed.This rise is due to the price formation mechanism in the continental market.This mechanism enables existing nuclear plants of all european generators to … read →