Adapting electricity markets to decarbonisation and security of supply objectives: Toward a hybrid regime?

摘要: Abstract The policy objectives of decarbonisation the electricity sector whilst maintaining security supply have led to a new wave market reforms in many jurisdictions which liberalised their industry. There is wide range models under this hybrid regime essentially combine energy with planning and long-term risk transfer arrangements. This paper takes an institutionalist approach terms modularity design, reviews issues standard historical model introduction additional long term “modules”. We then study interactions between existing “modules” identify ways initial modules can be improved address inconsistencies modules. conclude by discussing conditions various changes architectures could converge toward structured around “two step competition”, “competition for market” via auctioning contracts support investment, followed short system optimisation market.