Is it possible to achieve security of supply on deregulated electricity markets? This is
probably still the most debated market design issue.
The focus of the debate has gradually shifted from being a pure peak load issue to a
general capacity issue and an issue of safety and preparedness. A stable and reliable
electricity supply is fundamental to our modern economies. Some people argue
that deregulated electricity markets are a threat and call for a new type of regulation. Others believe that the threat to security of supply comes from
short-sighted politicians rather than from competitive markets, and see regulation in order to
increase security of supply as a threat to well-functioning competitive markets – not the
other way around.
To give an overview of different regulatory models and to discuss their pros and cons, Market Design gathered experts from all over the world for its biennial 2-day conference.
Most material from the conference is now available online.