A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets
International audience In a “Weak institutional complementarity” type of institution building it is typically the less replaceable institutional characteristic which dictates the path of change for the institution as a whole. We will show it is exactly what explains the diversity and imperfection of...
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fttriple:oai:gotriple.eu:10670/1.l43vjo 2023-05-15T16:51:00+02:00 A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets Glachant, Jean-Michel Rious, Vincent Analyse des Dynamiques Industrielles et Sociales (ADIS) Université Paris-Sud - Paris 11 (UP11)-Département d'Economie SUPELEC-Campus Gif Ecole Supérieure d'Electricité - SUPELEC (FRANCE) Reykjavik, Iceland 2007-06-21 https://hal-supelec.archives-ouvertes.fr/hal-00217811/file/GlachantRiousDessante_ISNIE_Reikjavick2007_TSo_as_Weak_Institutional_Complementarity_17Juin2007_Vdef.pdf https://hal-supelec.archives-ouvertes.fr/hal-00217811 en eng HAL CCSD hal-00217811 10670/1.l43vjo https://hal-supelec.archives-ouvertes.fr/hal-00217811/file/GlachantRiousDessante_ISNIE_Reikjavick2007_TSo_as_Weak_Institutional_Complementarity_17Juin2007_Vdef.pdf https://hal-supelec.archives-ouvertes.fr/hal-00217811 other Hyper Article en Ligne - Sciences de l'Homme et de la Société Proceedings of the 11th Annual ISNIE Conference, Reykjavik, June 2007 11th Annual ISNIE Conference, Reykjavik, June 2007 11th Annual ISNIE Conference, Reykjavik, June 2007, Jun 2007, Reykjavik, Iceland. pp.1-41 TSO weak institutional complementarity modular analysis eco scipo Conference Output https://vocabularies.coar-repositories.org/resource_types/c_c94f/ 2007 fttriple 2023-01-22T16:39:51Z International audience In a “Weak institutional complementarity” type of institution building it is typically the less replaceable institutional characteristic which dictates the path of change for the institution as a whole. We will show it is exactly what explains the diversity and imperfection of actual transmission monopoly designs in competitive electricity markets. Firstly we argue that transmission monopoly in competitive electricity markets has to be analysed within an industry modular frame. Transmission is a set of several modules which have to be distinguished and separated in any design analysis and comparison. At least three modules make the core of transmission design: 1° the short run management of network externality; 2° the short run management of cross border trade; and 3° the long run management of network investment. Second in a new-institutional economics perspective we say that 1°monopoly design in a competitive policy cannot handle these three modules irrespective of the “institutional” definition and allocation of property rights on transmission; while 2°definition and allocation of property rights on transmission cannot ignore the existing electrical industry and transmission network structure: they basically have to complement each other. Third we apply this frame to compare PJM (USA) and NGC (UK) and we show it remarkably illuminates the reality. Other/Unknown Material Iceland Unknown |
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TSO weak institutional complementarity modular analysis eco scipo Glachant, Jean-Michel Rious, Vincent A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets |
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TSO weak institutional complementarity modular analysis eco scipo |
description |
International audience In a “Weak institutional complementarity” type of institution building it is typically the less replaceable institutional characteristic which dictates the path of change for the institution as a whole. We will show it is exactly what explains the diversity and imperfection of actual transmission monopoly designs in competitive electricity markets. Firstly we argue that transmission monopoly in competitive electricity markets has to be analysed within an industry modular frame. Transmission is a set of several modules which have to be distinguished and separated in any design analysis and comparison. At least three modules make the core of transmission design: 1° the short run management of network externality; 2° the short run management of cross border trade; and 3° the long run management of network investment. Second in a new-institutional economics perspective we say that 1°monopoly design in a competitive policy cannot handle these three modules irrespective of the “institutional” definition and allocation of property rights on transmission; while 2°definition and allocation of property rights on transmission cannot ignore the existing electrical industry and transmission network structure: they basically have to complement each other. Third we apply this frame to compare PJM (USA) and NGC (UK) and we show it remarkably illuminates the reality. |
author2 |
Analyse des Dynamiques Industrielles et Sociales (ADIS) Université Paris-Sud - Paris 11 (UP11)-Département d'Economie SUPELEC-Campus Gif Ecole Supérieure d'Electricité - SUPELEC (FRANCE) |
format |
Other/Unknown Material |
author |
Glachant, Jean-Michel Rious, Vincent |
author_facet |
Glachant, Jean-Michel Rious, Vincent |
author_sort |
Glachant, Jean-Michel |
title |
A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets |
title_short |
A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets |
title_full |
A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets |
title_fullStr |
A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets |
title_full_unstemmed |
A Typical Case of Weak Institutional Complementarity in Institution Building : The Design of Transmission Network Monopoly in Competitive Electricity Markets |
title_sort |
typical case of weak institutional complementarity in institution building : the design of transmission network monopoly in competitive electricity markets |
publisher |
HAL CCSD |
publishDate |
2007 |
url |
https://hal-supelec.archives-ouvertes.fr/hal-00217811/file/GlachantRiousDessante_ISNIE_Reikjavick2007_TSo_as_Weak_Institutional_Complementarity_17Juin2007_Vdef.pdf https://hal-supelec.archives-ouvertes.fr/hal-00217811 |
op_coverage |
Reykjavik, Iceland |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Hyper Article en Ligne - Sciences de l'Homme et de la Société Proceedings of the 11th Annual ISNIE Conference, Reykjavik, June 2007 11th Annual ISNIE Conference, Reykjavik, June 2007 11th Annual ISNIE Conference, Reykjavik, June 2007, Jun 2007, Reykjavik, Iceland. pp.1-41 |
op_relation |
hal-00217811 10670/1.l43vjo https://hal-supelec.archives-ouvertes.fr/hal-00217811/file/GlachantRiousDessante_ISNIE_Reikjavick2007_TSo_as_Weak_Institutional_Complementarity_17Juin2007_Vdef.pdf https://hal-supelec.archives-ouvertes.fr/hal-00217811 |
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other |
_version_ |
1766041117341515776 |