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
Energy Journal. Volume: 29 Issue: 2 (special Pages: 149-164
JCR Impact Factor and Scopus quartile: 1.726 (2008); 2.132 - Q1 (2017).
DOI reference: 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. Energy Journal. vol. 29, no. 2 (special, pp. 149-164, December 2008.