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Competition, Contracts and Electricity Markets: A New Perspective (The Loyola De Palacio Series on European Energy Policy)

Jean-Michael Glachant, Dominique Finon, Adrien de Hauteclocque




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 | #4122219 in Books |  Edward Elgar Pub |  2011-07-31 | Original language:English |  9.50 x6.50 x1.00l,1.40 | File type: PDF | 336 pages

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|| |'[I]t is the combination of various approaches that make the book worth reading. As such, it contributes significantly to the ongoing discussion in Europe on long-term contracts, the role of markets, the ability of markets to deliver investments and so on.

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 alloc...

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