Recent experiences in electricity market reform have reignited an enduring debate in economics and public policy, namely, the benefits of liberalized markets versus central planning in the provision of goods and services…
This OIES Comment, by Malcolm Keay, explores some of the issues and tensions which the reforms may raise at a European level. Such issues may not be confined to the UK proposals, which may simply be revealing a more fundamental clash between liberalisation and decarbonisation agendas across the EU…
Michael Pollitt’s presentation at FAEE, Paris, 20th March 2013
(…) A number of countries, like the UK, are already in the process of reforming their electricity markets in order to ensure the delivery of the huge quantities of low carbon investment which will be needed; these reforms have involved a more central role for the government in decision-making, and in underwriting investments. The paper considers whether the role of market forces is inevitably going to be increasingly limited by the existence of rigorous environmental targets…
This EPRG paper explores whether the question of why some countries are able to implement more extensive reforms is closely related to the question of why some countries have better institutions than others
This article describes the reasons for, and the nature of, the electricity market reform, pointing to the need for further market and institutional reforms
New Economics Papers Energy Economics (REPEC)