D-Day is dawning for Europe's electricity markets

1st July 2006
By Fabien Roques

In the early years of liberalisation the focus of regulatory scrutiny concentrated mainly on short-term market efficiency and competitiveness. As the first territories to liberalise — among which are England and Wales — have now reached the end of their first investment cycle, much attention is being paid to assessing the long-term performance of the liberalised electricity industry. In particular the question of whether liberalised markets will incentivise adequate generating…