Competition, Contracts and Electricity Markets: A New Perspective

Jean-Michel Glachant, Dominique Finon and Adrien de Hauteclocque
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Jean-Michel Glachant: LdP - Loyola de Palacio Programme - EUI - European University Institute - Institut Universitaire Européen
Dominique Finon: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique
Adrien de Hauteclocque: LdP - Loyola de Palacio Programme - EUI - European University Institute - Institut Universitaire Européen

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Abstract: This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors - prominent academics and policy experts with inter-disciplinary perspectives - develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.

Date: 2011
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Published in Edward Elgar: London, pp.336, 2011

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00772780

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