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Signaux-prix et équilibre de long-terme: reconsidérer les formes d'organisation sur les marchés de l'électricité

Dominique Finon, Frédéric Marty and Christophe Defeuilley
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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 des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique

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Abstract: The decentralised electricity market model illustrates several market flaws in the linkage between short-term and long-term decisions. Because of highly specific problems of risk management and market incompleteness, the model does not allow effective allocation of investment in leading-edge and basic capital goodbase load and peak load s capacities leading to an optimal generation system. This makes it necessary to (1) establish regulations to provide a credible basis for remunerating generation capacity, so as to create incentives for investment in leading-edge facilitiespeak load units; (2) accept vertical arrangements enabling operators to share risk with consumers, even if these arrangements constitute market imperfections that will constrain competition.

Keywords: markets; investment; risk management; contracts; vertical integration; marchés; investissement; gestion de risque; contrats; intégration verticale (search for similar items in EconPapers)
Date: 2011
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Published in Economie et Prévision, 2011, 197-198 (2011-1/2), pp.81-104

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Journal Article: Signaux-prix et équilibre de long terme: reconsidérer les formes d'organisation sur les marchés de l'électricité (2011) Downloads
Journal Article: Signaux-prix et équilibre de long terme: reconsidérer les formes d’organisation sur les marchés de l’électricité (2011) Downloads
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