Author Archives: gislarsen

Workshop Gaz presentations available online

The presentations made during the Workshop “Competition and Integration of European Gas Markets” jointly organized by EDF R&D and LARSEN in april 2010 are available online.
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Special issue of Energy Policy

The special issue of Energy Policy (vol. 38, n°7, april 2010) edited by J.M. Glachant and D. Finon (LARSEN) on “Large-scale wind power in electricity markets” is published. Please go to the elsevier
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Competition and integration in European gas markets

Workshop LARSEN and EDF R&D Competition and Integration of European Gas Markets Friday 9th april 2010 The seminar was focussed on two topics: How gas markets in Europe develop ? And how to make gas markets more efficient and for this purpose
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Option values of low carbon technologies policies

How to combine irreversibility effect and learning-by-doing in decisions?
Abstract : in this paper we analyze the development and deployment of largescale low carbon technologies. We first review several issues at stake for the development of a technology still in infancy and characterized by major learning effects. Then
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Policy choices for the deployment of large scale low carbon technologies

The case of Carbon Capture and Sequestration (CCS)
Abstract : This paper analyses a set of policy instruments needed to support investment during the learning phase in the deployment stage of CCS technologies following the demonstration stage. We focus on the specific barriers to learning investment
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Two new working papers

Dominique Finon, “Efficiency of policy choices for the deployment of large scale low carbon technologies : the case of Carbon Capture and Sequestration (CCS)”. Dominique Finon, Guy Meunier, “Option values of low carbon technologies
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A new book

LARSEN publish in January 2010 a book entitled “Competition and public policies in electricity markets”, gathering seven recent LARSEN working papers (in english and in French). Free download.
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Competition and public policies in electricity markets

Book : Competition and public policies in electricity markets
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The role of transmission investment

1rt December 2009 from 10 am to 12 am GIS LARSEN, Campus de Fontenay aux Roses The role of transmission investment in the coordination between generation and transmission in the liberalized power systems Abstract : This paper examines how
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Next academic seminar : V. Rious (Supelec)

1st December 2009 from 10 am to 12 am. Vincent Rious (Supelec) : ” The role of transmission investment in the coordination between generation and transmission”.
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Comparison of long-term contracts and vertical integration

Abstract : A common view is that electricity sectors should be unbundled and opened to competition, and that in such decentralised markets long-term contracts are necessary to constrain generator market power, elicit competitive entry in retailing,
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Three new working papers

X. He, G. Zachmann, “Catching up the maximum market value of electricity storage”. D. Finon, C. Defeuilley, F. Marty, “Price signals and long-term equilibrium. Re-thinking the organisation of electricity markets” [in French].
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Price signals and long term equilibrium [in French]

Re-thinking the organisation of electricity markets
Résumé : Les industries électriques ont été libéralisées en référence au modèle d’équilibre de marché. Dans ce modèle, les agents se font concurrence aux différents étages de la filière sur des marchés de gros et de détail
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Catching-up the maximum market value of electricity storage

Abstract : The creation of competitive wholesale electricity markets allows to evaluate the “arbitrage value” of an electricity storage unit, which stems from buying and storing electricity when prices are low, and selling it when prices are
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From decentralized markets to vertical oligopoly [in French]

Workshop jointly organised with CNRS (GREDEG) and OFCE. November, 6 at Sophia-Antipolis (France). From decentralized markets to vertical oligopoly. Challenges for competition policies and regulatory agencies. To be held in French. See the
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Workshop in Sophia Antipolis

Workshop jointly organised with CNRS (GREDEG) and OFCE. November, 6 at Sophia-Antipolis (France). “From decentralized markets to vertical oligopoly. Challenges for competition policies and regulatory agencies”. To be held in French.
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An experimental study of investment incentives mechanisms

27 october 2009, from 10 am to 12 am. GIS LARSEN, Campus de Fontenay aux Roses Speaker : K. Staropoli, University Paris 1 Presentation : Abstract : There are
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Next academic seminar : K. Staropoli (Paris 1)

27 october 2009 from 10 am to 12 am. Karine Staropoli (University Paris 1) : “An experimental study of investment incentives mechanisms in the electricity industry” [in French].
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Investments in peak units in deregulated electricity markets

15 September 2009, from 14 pm to 16 pm. GIS LARSEN, Campus de Fontenay aux Roses Speaker : B. Peluchon, EDF Presentation : Discutant : D. Finon (LARSEN) In French
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Next academic seminar : B. Peluchon (EDF)

15 September 2009, from 14 pm to 16 pm. B. Peluchon (EDF) : “Investments in peak units in deregulated electricity markets” (in French).
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Portfolio analysis

7 July from 10 am to 12 am GIS LARSEN, Campus de Fontenay aux Roses Technologies and investment choices in electricity markets: the impact of long term contracts. Speaker : F. Roques (CIRED, CERA) Risk management and vertical arrangements in
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Next academic seminar : F. Roques, G. Zachmann, R. Boroumand

7 July 2009, from 10 am to 12 am. F. Roques (CIRED, CERA): “Technologies and investment choices in electricity markets: the impact of long term contracts”, and G. Zachmann, R. Boroumand (LARSEN):”Risk management and vertical
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Large-scale wind power in european electricity markets

Time for revisiting support schemes and market designs ?
Summary : This paper questions whether current renewable support schemes and electricity market designs are well-suited to host a significant amount of wind energy. Our analysis aims at finding the right equilibrium between market signals received
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Retailer’s risk management and vertical arrangements

Abstract: The failure of the asset light retailer’s economic model is indicative of the incapacity of this organizational structure to manage efficiently the combination of sourcing and market risks in the current market environnment. Because
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Two new working papers

R. Boroumand, G. Zachmann, “Retailers’ risk management and vertical arrangements in electricity markets”. C. Hiroux, M. Saguan, “Large-scale wind power in European electricity markets : time for revisiting support schemes and
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Two papers written by D. Finon about the Champsaur report

Two papers written by D. Finon, director of GIS LARSEN, about the Champsaur report are now available online (Academic staff / Members / Dominique Finon).
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Pricing and Capacity Provision in Electricity markets

An experimental approach
4 June 2009, from 15 pm to 17 pm GIS LARSEN, Campus de Fontenay aux Roses Speaker : C. Le Coq (Stockholm School of Economics) Presentation Abstract : A key issue in the
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Next academic seminar : C. Le Coq (Stockholm School of Eco.)

4 June 2009, from 15 pm to 17 pm. C. Le Coq (Stockholm School of Economics) : “Pricing and Capacity Provision in Electricity Markets – An Experimental Approach”.
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HHI, an irrelevant indicator without a relevant market

Summary. For evaluating the concentration effects of horizontal unbundling or mergers in the electricity industry a one-number-indicator is desirable. But, the three most widely applied measures (HHI, PSI and RSI) are per se unable to represent
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Photovoltaic, the inadequacy of the feed-in tariff

2 April 2009, from 14 pm to 16 pm GIS LARSEN, Campus de Fontenay aux Roses Speaker : D. Finon (LARSEN) Discutant : D. Lincot (CNRS, IRDEP) Abstract : The current policy of guaranteed feed-in tariffs on photovoltaic lacks rationality: no
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Next academic seminar : D. Finon (LARSEN)

2 April 2009, from 14 pm to 16 pm. D. Finon (LARSEN): ” Photovoltaic, the inadequacy of the feed-in tariff”.
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Retail competition in the Nordic electricity markets

Master Thesis : Retail competition in the Nordic electricity markets
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The impact of alternative relevant market on concentration

An empirical analysis on the French electricity market
5th March 2009, from 10 am to 12 pm. GIS LARSEN, Campus de Fontenay Speakers : D. Perrot and G. Zachmann (LARSEN) Abstract : The aim of this study is to show the impact of European electric markets integration on the value of the most frequently
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Next academic seminar : D. Perrot, G. Zachmann (LARSEN)

5th March 2009, 10 am-12pm. D. Perrot and G. Zachmann (LARSEN): “The impact of alternative relevant geographical market on the concentration of the French electric market: an empirical analysis”.
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Two new working papers

C. Defeuilley et D. Finon, “To smooth the extinction of regulated tariffs”, and D. Finon “Photovoltaic, the inadequacy of feed-in tariff”. Papers in French, abstracts in English.
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Photovoltaic, the inadequacy of the feed-in tariff [in French]

Summary : The current policy of guaranteed feed-in tariffs on photovoltaic lacks rationality: no degression of tariffs, overlong duration of engagements, no ceiling on developed capacities, weak readability of support mechanisms accumulation (tax
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To smooth the extinction of regulated tariffs [in French]

Summary : The liberalization of electricity markets in Europe sounded the knell of regulated tariffs for domestic customers. The administrative regulation of price does not seem compatible with the European community-based objectives aiming to build
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Presentations from the LT Contrats workshop available online

The presentations from the Long Term Contracts Workshop organised by LARSEN and FSR at Florence in January 2009 are now available online.
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Competition policy in the energy sector: squaring the circle ?

26 january 2009, from 10am to 12pm GIS LARSEN, campus of Fontenay aux Roses Speaker : David Spector, CNRS and Paris School of Economics Presentation : [] Abstract : The specific
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Next academic seminar : D. Spector (PSE)

David Spector (CNRS, Ecole d’économie de Paris), 26th January 2009, 10am-12pm : ” Competition policy in the energy sector: Squaring the circle? “
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Efficiency, Competition and Long Term Contracts

Workshop on “Efficiency, Competition and Long Term Contracts in Electricity Markets” organized by LARSEN and the Loyola de Palacio Programme of the European University Institute (Florence), 15-16 January 2009. Location : European University
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Poor Choices

The limits of competition in the provision of essential services to low-income households
16 december 2008, from 10h30 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Steve Thomas, University of Greenwich Presentation : []
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Next academic seminar : S. Thomas (Uni. Greenwich)

Steve Thomas (Uni. Greenwich), 16th december 2008, 10.30am-12pm. “Poor Choices. The limits of competition in the provision of essential services to low-income households”
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Ologopolistic competition and investment

PhD Thesis : Ologopolistic competition and investment – The case of electricity markets
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G. Meunier PhD thesis

G. Meunier (LARSEN) will defend his PhD Thesis “Oligopolistic competition and investment in electricity markets”, 11 december 2008 at CIRED (Nogent sur Marne).
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Capacity choice, Technology mix and market power

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
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Regulation of electricity distribution

25 november 2008, from 10.30 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Marie-Anne Plagnet (EDF Recherche and Développement) Summary : In this paper we use annual data on 92
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Next academic seminar : M.A. Plagnet (EDF)

25 November 2008, 10.30am-12pm. M.A. Plagnet (EDF R&D) :”Regulation of electricity distribution”.
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Competition dynamics with switching costs

British Gas (1997-2007)
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
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The asset light retailing model’s curse [in French]

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
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