What’s Happening to the European Electricity Market?

Isabel Soares, Andres Faina, Jose Lopez, Laura Varela-Candamio
European Research Studies Journal, Volume XV, Issue 4, 145-156, 2012
EOI: 10.11214/thalassinos.15.04.007

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.


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