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dc.contributor.authorMEEUS, Leonardo
dc.date.accessioned2011-05-23T13:39:07Z
dc.date.available2011-05-23T13:39:07Z
dc.date.issued2011en
dc.identifier.citationEnergy policy, 2011, 39, 3, 1470-1475
dc.identifier.issn0301-4215
dc.identifier.urihttps://hdl.handle.net/1814/17301
dc.description.abstractThe European Union (EU) market integration is leading to increasingly monopolistic electricity market infrastructures, which has opened a debate on the regulation of these so-called power exchanges. In this paper, we start by stating that there are two types of power exchanges in Europe, i.e. ''merchant'' and ''cost-of-service regulated'' power exchanges. We then discuss how regulation can be used to better align their incentives with the main power exchange tasks. We conclude that adopting the cost-of-service regulated model for all power exchanges in Europe could be counterproductive in the current context, but that regulation can help ensure that the benefits of the EU market integration materialize. Promising regulatory actions include tempering the reinforced market power of power exchanges, and quality-of-service regulation for the ongoing cooperation among power exchanges to organize trade across borders.
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Energy]en
dc.relation.ispartofseries[Electricity]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectRegulation
dc.subjectEnergy market
dc.subjectElectricity
dc.subjectMarket structure
dc.subjectEnergy industry
dc.subjectRegional analysis
dc.subjectEurope
dc.titleWhy (and How) to Regulate Power Exchanges in the EU Market Integration Context?,
dc.typeArticle
dc.identifier.doi10.1016/j.enpol.2010.12.019
dc.identifier.volume39
dc.identifier.startpage1470
dc.identifier.endpage1475
eui.subscribe.skiptrue
dc.identifier.issue3


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