{"id":1276,"date":"2017-03-05T09:23:46","date_gmt":"2017-03-05T08:23:46","guid":{"rendered":"https:\/\/ceem-dauphine.eu\/?p=1276"},"modified":"2024-09-05T09:26:35","modified_gmt":"2024-09-05T07:26:35","slug":"adapting-electricity-markets-to-decarbonisation-and-security-of-supply-objectives-toward-a-hybrid-regime","status":"publish","type":"post","link":"https:\/\/ceem-dauphine.eu\/en\/adapting-electricity-markets-to-decarbonisation-and-security-of-supply-objectives-toward-a-hybrid-regime\/","title":{"rendered":"Adapting electricity markets to decarbonisation and security of supply objectives: Toward a hybrid regime?"},"content":{"rendered":"<p>The policy objectives of decarbonisation of the electricity sector whilst maintaining security of supply have led to<br \/>\na new wave of market reforms in many jurisdictions which liberalised their industry. There is a wide range of<br \/>\nmodels under this new hybrid regime which essentially combine the energy market with planning and long-term<br \/>\nrisk transfer arrangements. This paper takes an institutionalist approach in terms of modularity of the market<br \/>\ndesign, and reviews the issues with the standard historical market model which led to the introduction of<br \/>\nadditional long term \u201cmodules\u201d. We then study the interactions between the existing and new \u201cmodules\u201d and<br \/>\nidentify ways in which the initial market modules can be improved to address inconsistencies with the new<br \/>\nmodules. We conclude by discussing the conditions under which the various changes in market architectures<br \/>\ncould converge toward a hybrid regime structured around a \u201ctwo step competition\u201d, with a \u201ccompetition for the<br \/>\nmarket\u201d via the auctioning of long-term contracts to support investment, followed by \u201ccompetition in the<br \/>\nmarket\u201d for short term system optimisation via the energy market.<\/p>\n<p>Energy Policy 105 (2017)<\/p>\n","protected":false},"excerpt":{"rendered":"The policy objectives of decarbonisation of the electricity sector whilst maintaining security of supply have led to [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,26],"tags":[],"class_list":["post-1276","post","type-post","status-publish","format-standard","hentry","category-publications-en","category-journal-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts\/1276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/comments?post=1276"}],"version-history":[{"count":2,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts\/1276\/revisions"}],"predecessor-version":[{"id":1280,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts\/1276\/revisions\/1280"}],"wp:attachment":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/media?parent=1276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/categories?post=1276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/tags?post=1276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}