Author Archives: gislarsen

Generation adequacy and transmission interconnection

in regional electricity markets
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
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Public service perspectives on reforms of electricity distribution

A modular analysis
30 september 2008, from 10.30 am à 12 pm GIS LARSEN, campus of Fontenay aux Roses Speakers : Ute Dubois et Roxana Saplacan (ADIS-GRJM and EDF R&D)
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Economics, markets and methodology

Thinking about the Behaviour of the UK's Gas and Electricity Markets
01 july 2008, from 11 am to 12.30 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Philipp Wright (Shefflied University) Summary : Empirical evidence of the behaviour of the
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Legal uncertainty and competition policy in deregulated industries

The case of long term contracts
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
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Wind Power and Market design

Workshop “Wind power and market design” jointly organised by University Paris Sud (GRJM), LARSEN and R2DS, 6-7 June 2008. Location : Fontenay aux Roses. Programme
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Contractual and financing arrangements for new nuclear build

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
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Electricity markets reforms : a critical assessement [in French]

Workshop organised by LARSEN and EDF Research and Development (“Printemps de la Recherche”), 16 May 2008. Programme [in French] Glachant J.M. (Uni. Paris Sud
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Imperfections in liberalized electricity markets

Book : Imperfections in liberalized electricity markets
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Investment risk allocation in restructured electricity markets

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
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Risk management and vertical integration [in French]

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
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Hydro rent sharing and new investments in production

The canadian experience
22 april 2008, from 10 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Anastasios Gentzoglanis (Université of Sherbrooke)
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Competition policy in European electricity markets [in French]

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
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A complementarity model of European natural gaz market

1st april 2008, from 10 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Steven Gabriel (University of Maryland) Abstract : In this paper, we present a detailed and
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Market power mitigation by contracts

04th march 2008, from 10.30 am to 12.30 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Bert Willems (Tilburg Law and Economic Center, Tilburg University) Abstract : The presentation aims to discuss the classical results of Allaz et Villa
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Wind energy integration in electricity markets

19th february 2008, from 10 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Julio Usaola (Université Carlos III de Madrid) Abstract : In this seminar, results form the research group REDES (University Carlos III de Madrid) on wind
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The social efficiency of long-term capacity reserve mechanisms

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
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The ineluctable electricity prices rise in France [in French]

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
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Sectorial approaches and struggle against climate change

10th january 2008, from 10.30 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Richard Baron (International Energy Agency)
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A game-theoretic model for generation capacity adequacy

A comparison between different investment incentive mechanisms
19th december 2007, from 2 pm to 4 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Haikel Khalfallah (GATE) Abstract : This paper presents an application of non-cooperative
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Price formation in a market dominated nuclear [in French]

A research of equilibrium between efficiency and equity
Abstract :The price of electricity on the european wholesale market has more than doubles between 2002 and 2006. Because of market integration, this rise affects the wholesale price in France, eventhough nuclear technology is dominant. The increase
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Retail competition in the electricity sector

23rd october 2007, from 10 am to 12 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Christophe Defeuilley (LARSEN)
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Capacity choices in liberalised electricity market

25th september 2007, from 11.30 am to 1 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Georges Siotis, professor of economics, University Carlos III, Madrid and associate researcher at CEPR.
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Sub optimal investment in oligopolistic electricity markets

Market power and public firm investment
Summary : in a context of concentrated electricity industries and entry barriers, governments may worry that incumbent firms strategically under-invest in generation. Associated with the well known short-term strategy of production restriction,
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Retail competition in electricity markets

Summary : The introduction of competition into retail electricity supply gave rise to great expectations. However, to date its performance has proven less than stellar, owing primarily to the theoretical concepts underpinning this reform, which draw
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Optimal duration of long term contracts in the gas industry

10th may 2007, from 3.30 pm to 5 pm GIS LARSEN, campus of Fontenay aux Roses Speakers : Corinne Chaton and Laurent Gilotte (EDF R&D)
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Investments in transportation networks

23rd april 2007, from 3.30 pm to 5 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Michel Roland (University of Laval, Québec)
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A dependence model for pairs of commodity forward curves

26th march 2007, from 3.30 pm to 5.30 pm GIS LARSEN, campus of Fontenay aux Roses Speaker : Steve Ohana, London University
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Capacity instruments for long term supply security

Workshop organised by LARSEN, 16 March 2007. Location : Fontenay aux Roses Programme Welcome address Jean-Michel Glachant (LARSEN et Université Paris Sud) Efficiency of capacity instruments and implementation constraints on electricity markets:
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Allocation rules for carbon emissions permits

21st december 2006, from 4 to 6 pm GIS LARSEN, campus of Fontenay aux Roses Speakers : Philippe Quirion, Damien Demailly, CIRED-CNRS Discutant : Khalil Hélioui,
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Alternative market designs in EU electricity balancing

An institutional frame to compare alternative market designs in EU electricity balancing
Summary : The so-called “electricity wholesale market” is, in fact, a sequence of several markets. The chain is closed with a provision for “balancing”, in which energy from all wholesale markets is balanced under the authority of the
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Competition policies [in French]

Workhop on the economic analysis of competition policies in the energy sector organised by LARSEN, 7 december 2006. Location : Fontenay aux Roses Programme [in French] Existe-t-il des théories économiques robustes pour traiter le pouvoir de
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Nuclear investment conditions in market environment [in French]

After a long period of aphasia of nuclear investments due to political hurdles and strong reglementations, government from industrialised countries consider a new nuclear energy as a major political option for climate risks and long term security of
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Electricity and long term capacity adequacy

The quest for regulatory mechanism compatible with electricity market
Summary : the paper deals with theoretical aspects of long term electricity supply security. Market prices and contractual arrangements on the physical and financial electricity markets do not allow to create sufficient incentives to invest in
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Risk management for a non-storable commodity [in French]

Summary : the reforms endeavour 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
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