Lectures by Natalia Fabra on Competition and Market Design in Electricity Markets
Lectures by Natalia Fabra on Competition and Market Design in Electricity Markets at DIW Berlin Summer School “Economic Foundations for Energy and Climate Policies”
This Summer School took place in the second week of September 2019. It gathered 25 PhD students working in the area of Energy and Environmental Economics. students attended a combination of lectures by academics and industry practitioners. The program (link) included topics on:
- Natalia Fabra (Universidad Carlos III de Madrid): “Competition and market design issues in electricity markets”
- Carmen Arguedas (Universidad Autónoma de Madrid): “Monitoring and enforcement of energy and climate policies”
- Simone Borghesi (EUI-Florence School of Regulation): “Economic Foundations and modeling of Emission Trading Systems”
- Andreas Lange (University of Hamburg): “Behavioral economics of climate and energy policies”
- Karsten Neuhoff (DIW Berlin, Technical University Berlin): “The theoretical foundation of a policy mix”
Given the success of this first edition, the organizers are committed to having a new edition next year.
The class material given by our team member, Natalia Fabra, can be found here. It includes material on: (1) the role of renewables during the energy transition, (2) the extent and nature of competition among conventional technologies and renewables in wholesale electricity markets, (3) the design of the auctions for renewable investments, and (4) the need and effects of capacity mechanisms.