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The rise in energy prices has put retail markets under considerable stress since the second half of 2021. Although prices have increased all over Europe, the impact of the price shock and the reaction of national regulators and governments have been different. CERRE’s latest issue paper “Retail Energy Markets Under Stress” looks at specific case studies and initiatives taken by European countries (France, Norway, The Netherlands, and the UK) since the beginning of the crisis and draws some initial lessons learned that may help in thinking about improving the design of wholesale and retail markets.
This issue paper is to be released as the first step of an ongoing research project aimed at drawing lessons from the current crisis and identifying what net-zero means for the future of wholesale and retail electricity market design. It is the research project’s first publication and aims to map some key issues and overarching principles at retail level. The authors explore how European retail electricity markets have been coping with the current energy crisis in the form of short-term measures.
Join us on Wednesday 13 July at 14:00 CEST for the public workshop to present and debate the paper with authors Catherine Banet, Chloé Le Coq, Nils-Henrik M. von der Fehr, Michael G. Pollitt, Bert Willems, and representatives from regulatory bodies, industry and the European institutions.
This workshop is free and open to all, but registration is required. Please register here to receive the connection details.
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If you can’t join us live then the workshop will be available to replay on the CERRE YouTube channel afterwards.
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CERRE strives for diversity, and in particular gender diversity, in the voices represented in our research and dissemination activities. Diversity is one of CERRE’s fundamental values, and we are committed to implementing diversity in our activities.
Chloé Le Coq is Professor of Economics at the University Paris-Panthéon-Assas, a Research Fellow at the Stockholm School of Economics and a DIW fellow in
Berlin. Her research interests include industrial organisation and behavioural economics, especially topics related to energy markets, anti-trust policy and
social innovation.
Chloé Le Coq is Professor of Economics at the University Paris-Panthéon-Assas, a Research Fellow at the Stockholm School of Economics and a DIW fellow in
Berlin. Her research interests include industrial organisation and behavioural economics, especially topics related to energy markets, anti-trust policy and
social innovation.
Professor Nils-Henrik von der Fehr is Head of the Economics Department at the University of Oslo. In addition to numerous academic positions, Nils-Henrik is a member of the European Energy Institute, and served as a Member of the Dutch Electricity Market Surveillance Committee. His research interests include
microeconomics, industrial economics, regulation and competition policy.
Professor Nils-Henrik von der Fehr is Head of the Economics Department at the University of Oslo. In addition to numerous academic positions, Nils-Henrik is a member of the European Energy Institute, and served as a Member of the Dutch Electricity Market Surveillance Committee. His research interests include
microeconomics, industrial economics, regulation and competition policy.
Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. Michael is an elected Vice President (for Publications) of the International Association for Energy Economics (IAEE). He is a former external economic advisor to Ofgem.
Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. Michael is an elected Vice President (for Publications) of the International Association for Energy Economics (IAEE). He is a former external economic advisor to Ofgem.
Professor Bert Willems, a Belgian national, is a CERRE Research Fellow and an Associate Professor of Economics at the University of Tilburg. He is also a
Research Fellow of the CentER for Economic Research, Tilburg University, a Senior Member of Tilburg Law and Economics Center (TILEC), an associate at
Toulouse School of Economics, and a board member of the Benelux Association for Energy Economics (BAEE).
Professor Bert Willems, a Belgian national, is a CERRE Research Fellow and an Associate Professor of Economics at the University of Tilburg. He is also a
Research Fellow of the CentER for Economic Research, Tilburg University, a Senior Member of Tilburg Law and Economics Center (TILEC), an associate at
Toulouse School of Economics, and a board member of the Benelux Association for Energy Economics (BAEE).
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Avenue Louise, 475 (box 10)
B-1050 Brussels – Belgium
T.: +3222308360
E-mail: info@cerre.eu
BE 0824446055 RPM Bruxelles
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