000 01499cam a2200241 4500500
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041 _afre
042 _adc
100 1 0 _aFinon, Dominique
_eauthor
700 1 0 _a Defeuilley, Christophe
_eauthor
700 1 0 _a Marty, Frédéric
_eauthor
245 0 0 _aPrice Signals and Long-Term Equilibrium: Re-Thinking Organizational Forms in Electricity Markets
260 _c2013.
500 _a25
520 _aThe decentralised electricity market model illustrates several market flaws in the linkage between short-term and long-term decisions. Because of highly specific problems of risk management and market incompleteness, the model does not allow effective allocation of investment in base-load and peak-load capacities leading to an optimal generation system. This makes it necessary to (1) establish regulations to provide a credible basis for remunerating generation capacity, so as to create incentives for investment in peak-load units; (2) accept vertical arrangements enabling operators to share risk with consumers, even if these arrangements constitute market imperfections that will constrain competition.
690 _ainvestment
690 _avertical integration
690 _amarkets
690 _arisk management
690 _acontracts
786 0 _nEconomie & prévision | o 197-198 | 1 | 2013-06-07 | p. 81-104 | 0249-4744
856 4 1 _uhttps://shs.cairn.info/journal-economie-et-prevision-1-2011-1-page-81?lang=en&redirect-ssocas=7080
999 _c468732
_d468732