The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US.
Theory and Policy
Edited by Pippo Ranci and Guido Cervigni
Regulation, Supply and Demand
Jean-Michel Glachant, Michelle Hallack and Miguel Vazquez
This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law.
A New Perspective
Edited by Jean-Michel Glachant, Dominique Finon and Adrien de Hauteclocque
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.