Connecting Mediterranean Countries through Electricity Corridors: New Institutional Economic and Regulatory Analysis
Haikel Khalfallah ()
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Haikel Khalfallah: équipe EDDEN - PACTE - Pacte, Laboratoire de sciences sociales - UPMF - Université Pierre Mendès France - Grenoble 2 - UJF - Université Joseph Fourier - Grenoble 1 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - CNRS - Centre National de la Recherche Scientifique
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Abstract:
A super grid connecting the two shores of the Mediterranean could help Europe meet its targets for integrating renewable energy. This paper assesses the business models for building a platform for wholesale renewable energy trade via electricity corridors linking the two regions of the Mediterranean basin. We demonstrate that the optimal framework for designing the corridor project is a long-term contractual agreement to coordinate bilaterally the necessary investments. Furthermore a hybrid governance structure requiring only limited regulatory adaptation seems to be the most efficient structure for facilitating investment in the corridor's infrastructure.
Keywords: New Institutional Economics; Regulation; Renewable Energy Sources (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-ene
Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-01111432v1
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Citations: View citations in EconPapers (5)
Published in Utilities Policy, 2015, 32, pp.45-54. ⟨10.1016/j.jup.2015.01.001⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01111432
DOI: 10.1016/j.jup.2015.01.001
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