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Markets vs. Regulation: A role for indicative energy planning

I.J. Pérez-Arriaga, P. Linares

The energy sector worldwide is facing the enormous challenge of finding a path of economic, environmental, and social sustainability. This paper argues that, although markets are adequate instruments to achieve an efficient allocation of resources and to promote private initiative, the resolution of the sustainability challenge cannot be left only to market forces, but requires other complementary instruments, among which we highlight indicative energy planning. We discuss the role of indicative energy planning in the future of liberalized energy markets, and propose a general methodology for its implementation, as well as the identification of the major issues to be addressed.

Keywords: Energy planning, Sustainability, Energy market liberalization, Energy policy

The Energy Journal. Volume: 29 Issue: 2 (special Pages: 149-164

JCR Impact Factor and WoS quartile: 1.726 (2008); 2.456 - Q1 (2018)

DOI reference: DOI icon 10.5547/ISSN0195-6574-EJ-Vol29-NoSI2-8    

Published on paper: December 2008.

I.J. Pérez-Arriaga, P. Linares. Markets vs. Regulation: A role for indicative energy planning. The Energy Journal. vol. 29, no. 2 (special, pp. 149-164, December 2008.

    Topics research:
  • *Energy markets design and regulation