Ambec, Stefan, Crampes, Claude and Tirole, Jean (2023) The design of electricity markets : an economic analysis / Analyse économique de l’organisation du marché de l’électricité. TSE Working Paper, n. 23-1484, Toulouse

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Fighting against global warming requires electrifying energy uses and giving up on carbon-based power. Consequently, the organization of electricity production and transmission must not only promote short-term efficiency in dispatch, but also send out reliable signals to guide investment by producers and consumers; and this under normal macroeconomic conditions as well as in the face of unforeseen events, such as Covid 19 and Russia's invasion of Ukraine. To meet these challenges, the European authorities and the EU member states are negotiating the introduction of long-term physical and financial contracts that will complement wholesale electricity markets. This note compares the costs and benefits of these contracts and emphasizes the assignment of risks among stakeholders.

Item Type: Monograph (Working Paper)
Language: French
Date: 30 October 2023
Place of Publication: Toulouse
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse Capitole
Site: UT1
Date Deposited: 09 Nov 2023 14:01
Last Modified: 11 Mar 2024 13:30
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