Guido Cervigni – författare

The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US.The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets 'special'.The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets.This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.Contributors: G. Cervigni, A. Commisso, A. Creti, D. Perekhodtsev, C. Poletti, P. Ranci

The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US.

The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets ''special''.

The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets.

This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.

Contributors: G. Cervigni, A. Commisso, A. Creti, D. Perekhodtsev, C. Poletti, P. Ranci

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.