A Companion to the European Electricity Market
Market Design and Public Policies for Decarbonisation
Series: Loyola de Palacio Series on European Energy Policy;
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Product details:
- Publisher Edward Elgar Publishing
- Date of Publication 20 December 2024
- ISBN 9781802203660
- Binding Hardback
- No. of pages316 pages
- Size 234x156 mm
- Weight 590 g
- Language English 647
Categories
Short description:
This forward-thinking Companion provides a cutting-edge analysis into the design and implementation of the electricity market in Europe. It assesses the alternative arrangements that are being developed to achieve decarbonisation as well as the economic rationale behind those designs.
MoreLong description:
This forward-thinking Companion provides a cutting-edge analysis into the design and implementation of the electricity market in Europe. It assesses the alternative arrangements that are being developed to achieve decarbonisation as well as the economic rationale behind those designs.
Outlining the social and political elements which make the European electricity market unique, the book highlights how current policy objectives will shape its design in the coming decades. It identifies how Europe's ambitious 2050 decarbonisation policies have placed the design of electricity markets at the forefront of political agendas. Contributing authors investigate the ability of the market to integrate new renewable electricity generation, adopting both economic and regulatory concepts to address strategic policy issues.
A Companion to the European Electricity Market is an essential read for graduate students and scholars of economics and energy regulation in governance, particularly those interested in the European electricity sector, those looking to improve their comprehension of the European electricity market, and those wanting to develop an understanding of the impact of climate decisions. Engineers, economists, and policy makers will find this to be a fundamental resource.
?By thoroughly covering power market economics, this volume provides readers with the ability to understand and investigate the benefits and possibly the deficiencies of the 25-plus-year history of national and regional markets in the European Union. Readers may also be motivated to understand and contemplate the major interaction of clean/renewable generation on new demand (EV battery charging, HVAC preheating-cooling and other types of storage - like-load demands with intertemporal degrees of freedom) that may be amply capable in the near future to modulate a sizable portion of electricity consumption dynamically so as to follow and compensate for non-schedulable and volatile renewable generation.?
Table of Contents:
Contents
1 Introduction to a Companion to the European Electricity Market
2 Forward electricity markets
3 Ancillary services markets
4 Generation capacity adequacy
5 Congestion management and transmission rights
6 Competition in the electricity markets
7 Retail markets
Bibliography
