Retail Energy Markets under Stress – Lessons Learnt for the Future of Market Design
(2022) , 52 pages
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- Abstract
- he rise in the cost of energy across Europe has put energy markets under considerable stress. CERRE is currently conducting a research project focused on both wholesale and retail European energy markets, with the aim to formulate policy recommendations for the future of market design. Our latest issue paper entitled ”Retail Energy Markets under Stress – Lessons Learnt for the Future of Market Design”, authored by leading academics Nils-Henrik von der Fehr, Catherine Banet, Chloé Le Coq, Michael Pollitt, and Bert Willems, is the research project’s first publication and focuses on key issues related to retail markets. The paper aims to address and provide some initial answers to the below research questions: How well have European retail electricity markets been coping with the current energy crisis? How have governments responded to increasing prices? What short-term measures can governments take to soften the impact of high energy prices? What long-term measures can governments take to protect consumers from high energy prices? What should be the role of the EU vs. the Member States? What legal constraints are imposed by EU directives and regulations? Do we need to regulate the risk exposure of suppliers? What are the options for doing this?
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Citations
von der Fehr, N.-H., Banet, C., Le Cog, C., & Willems, B. (2022). Retail Energy Markets under Stress – Lessons Learnt for the Future of Market Design. https://hdl.handle.net/2078.5/255979