Publication:
The energy transition: an Industrial economics perspective

Thumbnail Image
Identifiers
URI: https://hdl.handle.net/10016/35121
ISSN: 0167-7187
DOI: https://doi.org/10.1016/j.ijindorg.2021.102734
UXXI: AR/0000027533
Files
energy_IJIO_2021_ps.pdf (1.49 MB)
Publication date
2021-04-01
Defense date
Authors
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Impact
Google Scholar
Export
Research Projects
Organizational Units
Journal Issue
Abstract
Addressing climate change requires full decarbonization of our economies. Whether this objective is achieved at least cost for society hinges on good policy design. In turn, this calls for a thorough understanding of firms’ and consumers’ incentives in the presence ofasymmetric information, the determinants of strategic interaction, and the impact of mar- ket design and market structure on the intensity of competition. Industrial Economics thushas much to contribute towards a successful Energy Transition, while benefiting from theexciting research opportunities it brings. In this paper, I survey some of the recent devel- opments in this area. My focus is on the power sector, and in particular, on the regulatory and market design challenges triggered by the expansion of intermittent renewables with almost zero marginal costs. I conclude with some questions that merit further research.
Description
Keywords
Emissions, Energy, Competition, Market power, Market design, Auctions, Investment, Dynamic pricing, Storage
Bibliographic citation
Fabra, N. (2021). The energy transition: An industrial economics perspective. International Journal of Industrial Organization, 79, p. 102734.
Collections
DE - Artículos de Revistas
OpenAIRE: Open Access Infrastructure for Research in Europe