Markets for Electricity in Europe

Richard Green

Oxford Review of Economic Policy, 2001, vol. 17, issue 3, 329-345

Abstract: Competition in the electricity industry requires properly functioning wholesale markets. This paper discusses the better-established electricity markets of Europe, in the Nordic countries, England and Wales, and Spain. The different market designs can all produce efficient outcomes, if not hindered by market power. Long-term contracts provide some defence against market power, and give price stability to promote investment. Competition in electricity retailing may discourage retailers from signing long-term contracts in future. Copyright 2001, Oxford University Press.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:17:y:2001:i:3:p:329-345

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