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
Additional contact information
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

Post-Print from HAL

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
References: Add references at CitEc
Citations:

Published in Economie et Prévision, 2011, 197-198 (2011-1/2), pp.81-104

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Signaux-prix et équilibre de long terme: reconsidérer les formes d'organisation sur les marchés de l'électricité (2011)
Journal Article: Signaux-prix et équilibre de long terme: reconsidérer les formes d’organisation sur les marchés de l’électricité (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00819113

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().