Understanding the coevolution of electricity markets and regulation

Busra Gencer, Erik Reimer Larsen and Ann van Ackere

Energy Policy, 2020, vol. 143, issue C

Abstract: Electricity markets are complex; they involve long lead-times, include feedbacks that are generally hard to interpret and are influenced by environmental concerns and political objectives. After liberalization, the markets moved from a monopoly situation with a single service provider and captive customers to competitive markets with multiple service providers. Foreseeing the consequences of regulatory decisions is thus becoming increasingly complicated for the regulator. However, understanding these is central to avoid mismatches between the markets and their regulation, which could result in unanticipated and costly long-term consequences.

Keywords: Electricity markets; Deregulation; Behaviour (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:143:y:2020:i:c:s0301421520303256

DOI: 10.1016/j.enpol.2020.111585

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