Journal Article

Transport Pricing in the Electricity Industry

Claude Crampes and Jean‐Jaques Laffont

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 17, issue 3, pages 313-328
Published in print September 2001 | ISSN: 0266-903X
Published online September 2001 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/17.3.313
Transport Pricing in the Electricity Industry

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  • Economic Development and Growth
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Efficiency in the management of electricity transmission networks is essential for the success of the liberalized energy markets. The paper is dedicated to the short‐run management problems of these natural monopolies. It analyses how to organize and price access to and use of the transport network. After presenting the technical and institutional features of the electricity industry, the paper develops the normative approach of first‐best and second‐best pricing by means of nodal prices. Then the exercise of market power at some nodes and its consequences for the transport system operator are examined. The remaining part is more policy oriented, describing and analysing the practical solutions implemented in the European Union for energy transport pricing. The paper concludes with some remarks about the enforcement of antitrust rules in electricity transport.

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Subjects: Economic Development and Growth ; Public Economics ; Political Economy ; Public Policy

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