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.