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What’s Happening to the European Electricity Market? PDF Print E-mail

Authors:Isabel Soares, Andres Faina, Jose Lopez, Laura Varela-Candamio

Abstract:

This paper deals with market power and information issues in the ongoing process of the European Electricity Market. We present a regulatory game played among the key group of utilities, the customers and the regulatory authority. The development of the game allows us to state for a clear commitment to entry freedom reducing the informational strategic advantage of incumbents. As the assumption of such a commitment involves another game, we develop it and we conclude that the liberalisation of entry is also a key factor for credibility and effectiveness of flexible regulation and tariffs reduction as well.

Keywords: Electricity Market, Competition, Regulation Games

JEL classification: L13, L94, Q48

 
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