decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare the two designs in terms of … investment incentives. We review the biases of the Pool capacity payments design, the drought of investment following the …

Merchant electricity transmission investment is a practically relevant example of an unregulated investment with … monopoly properties. However, while leaving the investment decision to the market, the regulator may decide to prohibit … the capacity choice, given three reasons for capacity withholding: uncertainty, demand growth and pre-emptive investment …

Driven by fear of underinvestment in network assets, merchant investment in electricity transmission networks (MTI) is …

In theory, competitive electricity markets can provide incentives for efficient investment in generating capacity. We … show that if consumers and investors are risk averse, investment is efficient only if investors in generating capacity can … investment levels, distorts technology choice towards less capital-intensive generation and reduces consumer utility. We observe …

This paper discusses unregulated market-based electricity transmission investment by third parties as opposed to … regulated investment by designated transmission system operators. The analysis is set against a European and Australian …, market power, detrimental investment and risks. The analysis argues for restricting market-based investment to controllable …

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market … performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their … investment incentives at the margin are poorer; indeed, under reasonable assumptions on the shape of the demand distribution, the …

Privatization of electricity distribution in Brasil had, as one of its stated purposes, generation of sufficient … the theoretical expectation of underinvestment. There is evidence that investment since privatization was sufficient to … segment of captive consumers. This paper offers an analysis of the observed performance of COELBA since its privatization, in …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … effects with a Electricity market model for Europe with investments in power plants under oligopolistic conditions in Germany …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and … suppliers' profits. In the specific setting of this paper, I show that when the competition is perfect, an investment in …