Law & Economics : ENERGY - ELECTRICITY - MARKET POWER

Energy: Market power in the electricity market

La Commission européenne a récemment ouvert une enquête sectorielle sur le marché intérieur de l’électricité. Du fait d’une concentration qui demeure élevée et de prix qui ont fortement augmenté, elle craint que la concurrence ne soit faussée. Les conclusions de l’enquête ne seront pas connues avant plus d’un an. Faisons en attendant le point sur l’analyse économique du pouvoir de marché dans ce secteur si spécifique. L’objet de l’article est d’examiner comment l’évaluer, le mettre en évidence et le réduire.

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In June 2005, the European Commissioners for Competition and Energy announced the launch of an inquiry into the state of competition in the electricity sector. A little less than 10 years after the first Directive aimed at establishing the internal energy market, the Commission is concerned about the increase in prices that risks penalising the competitiveness of the European Union. Neelie Kroes and Andris Piebalgs note inter alia that integration between national markets is slow; that the arrival of new competitors is limited; and that switching rates are generally low. For both Commissioners, these elements suggest that there are barriers to competition.

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  • Ecole Nationale Superieure des Mines de Paris

Quotation

François Lévêque, Energy: Market power in the electricity market, September 2005, Concurrences N° 3-2005, Art. N° 1359, pp. 28-32

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