Work in Progress
Multi-product Supply Function Equilibria, with Pär Holmberg and Keith Ruddell.
Retail competition, vertical integration and investments, with T.O. Léautier.
An equilibrium model for investments in flexible generation
Real-time pricing for retail consumers and market power, with Clara Balardy.
Two stage games and commitment, with Yadi Yang.
Auctions with Pre-commitment, with Silvester van Kooten
The Effect of Market Splitting of the Swedish Electricity Market, with Luisa Loiacono.
Articles
Recommendations for a future-proof electricity market design in Europe in light of the 2021-23 energy crisis, 2024, Energy Policy, 188, with Pollitt, M. G., von der Fehr, N. H. M., Banet, C., Le Coq, C., & Chyong, C. K.
The Clean Energy Package and Demand Response: Setting Correct Incentives, 2020, Energies, 13(21), with Juulia Zhou.
Long-term transmission rights and dynamic efficiency, 2020, Energy Economics, 88, 1-12, with Georgios Petropoulos.
Ten year Dutch electricity retail competition, 2019, Energy Policy, 127, 228-239, with M. Mulder.
Optimal regulation of network expansion, 2018, Rand Journal, 49(1), 23-42, with G. Zwart.
Relaxing competition through speculation: Committing to a negative supply slope, 2015, Journal of Economic Theory, 236-266, with P. Holmberg.
Exclusion through speculation, 2015, International Journal of Industrial Economics, 39, 1-9, with C. Argenton.
Market integration and economic efficiency at conflict? Commitments in the Swedish interconnectors case, 2013, World Competition Law and Economics Review, 36(1), 99-132, with M. Sadowska.
Power markets shaped by antitrust, 2013, European Competition Journal, 9(1), 131-173, with M. Sadowska.
Exclusivity contracts, insurance and financial market foreclosure, 2012, Journal of Industrial Economics, 60(4), 609-630, with C. Argenton.
Regulation of network infrastructure investments: an experimental evaluation, 2012, Journal of Regulatory Economics, 42(1), 1-38, with C. Noussair and B. Henze.
The effect of counter-trading on competition in electricity markets, 2011, Energy Policy, 39(3), 1764-1773, with J. Dijk.
Market completeness: How options affect hedging and investments in the electricity sector, 2010, Energy Economics, 32(4), 786-795 with J. Morbée.
Cost recovery in congested electricity networks, 2010, Zeitschrift für Energiewirtschaft, 34(3), 195-208, with G. Pepermans.
Arbitrage in energy markets: Competing in the incumbent’s shadow, 2010, The Energy Journal, 31(3),41-66 with G. Küpper.
Where the Champsaur Commission has got it wrong, 2009, The Electricity Journal, 22(1), 81-86, with C. Crampes, J.M. Glachant, C. von Hirschhausen, F. Leveque, D. Newberry, I. Perez-Arriaga, P. Ranci, and S. Soft.
Does more international transmission capacity increase competition in the Belgian electricity market?, 2009, Electricity Journal, 22(1), 21-36 with G. Küpper, E. Delarue, B. Delvaux, L. Meeus, D. Bekaert, S. Proost, W. D’haeseleer, K. Deketelaere, and R. Belmans.
Cournot versus Supply Functions: What does the data tell us?, 2009, Energy Economics, 31(1), 38-47 with I. Rumiantseva and H. Weigt.
Cross-subsidies in the electricity sector, 2008, Competition and Regulation in Network Industries, 9(3), 201-228, with E. Ehlers.
Market power mitigation by regulating contract portfolio risk, 2008, Energy Policy, 36(10), 3787-3796, with E. de Corte.
Network unbundling, ownership structure and oligopolies: A case study for the Belgian electricity market, 2006, Competition and regulation in network industries, 7(2), 231-263, with G. Pepermans.
Modeling Cournot competition in an electricity market with transmission constraints, 2002, The Energy Journal 23(3), 95-126.
Patent Application
Bundles for an efficient auction design, US 2018/0218449 A1
Books
Economic Aspects of Climate Change Policy, A European and Belgian Perspective, 2005,
jointly edited with J. Eyckmans and S. Proost, ACCO, Leuven
Chapters in Books
The generation mix, price caps and capacity payments (Updated text), 2022, in EU Energy Capacity Mechanisms: Law, Policy, and Economics (Second Edition), edited by L. Hancher, A. de Hauteclocque, K. Huhta, and M. Sadowska, Oxford University Press.
The generation mix, price caps and capacity payments, 2015, in EU Energy Capacity Mechanisms: Law, Policy, and Economics, edited by L. Hancher, A. de Hauteclocque, and M. Sadowska, Oxford University Press.
Long term financial transmission rights: an experiment, 2013, with B. Henze and C. Noussair, in Financial transmission rights: analysis, experiences and prospects, edited by J. Rossellon and T. Kristiansen, Springer Verlag.
Borging van publieke belangen in de energievoorziening, (securing public interests in the provision of energy), 2010, with M. Mulder in Marktwerking en publieke belangen, edited by M.-P. Schinkel and E. van Damme, Koninklijke Vereniging voor de Staathuishoudkunde Preadviezen.
Climate change: challenges for the world, 2005, with J. Eyckmans and J.-P. van Yperseele, in Economic aspects of climate change policy, A European and Belgian perspective, edited by B. Willems, J. Eyckmans and S. Proost, Acco Leuven.
Working Papers
Bidding and Investment in Wholesale Electricity Markets: Discriminatory versus Uniform-Price Auctions, 2023, with Y. Yu.
The Effect of Divestitures in the German Electricity Market, 2011, with H. Weigt. TILEC discussion paper 2011-20.
Risk spill overs and hedging: why do firms invest too much in systemic risk, 2010, with J. Morbée, TILEC Discussion Paper No. 2011-029
Virtual divestitures, will they make a difference? Cournot competition, financial option markets and efficiency, University of California, 2006, CSEM WP 150
Cournot Competition, Financial Option Markets, and Efficiency, University of California, 2005, CSEM WP 139
Policy Papers
Scaling up Offshore Wind Energy in Europe, 2023, CERRE report with Catherine Banet.
Recommendations for a Future-Proof Electricity Market Design, 2022, CERRE report, with Michael Pollitt, Nils-Henrik von der Fehr, Catherine Banet, Chloé Le Coq, Daniel Navia, Anna Rita Bennato.
Retail Energy Markets Under Stress, 2022, CERRE report, with N-H. von der Fehr, C. Banet, C. Le Coq, M. Pollitt.
The European Wholesale Electricity Market: From Crisis To Net Zero, 2022, CERRE Report, with M. Pollitt, N-H. von der Fehr, C. Banet.
Ambitions for Europe 2024, CERRE white paper, 2019, with A. de Streel, M. Bourreau, J. Krämer, M. Pollitt,N-H. von der Fehr, F.M. Baldursson, C.Banet, S. Broughton Micova, Y. Crozet. K. Donders, R. Feasey, M. Giulietti, C. Le Coq, W. Lemstra, J.L. Moraga, C.Nash
Smart Consumers in the Internet of Energy: Flexibility Markets & Services from Distributed Energy Resources, CERRE Report, 2019, with Monica Giulietti, Chloé Le Coq, and Bert Willems
Competitive effect of counter trading in the Dutch electricity market, 2011, Report for Essent N.V.
Establishing Adequacy in the Provision of Electricity, An Experimental Evaluation, 2011, Report for Essent N.V.
Green Energy Labelling, 2009, Report for Essent N.V.
The Frontier Shift of Capital Cost, 2009, with van Damme, E., Report for TenneT B.V.
Cross-subsidies in the Electricity Sector, 2008, with Ehlers, E. Marti Fraga, V., Report for Essent N.V.
Tilec Report 2008-01, Tilburg University
The future of the Dutch regulatory framework in energy and telecommunications, 2007,
TILEC Report (not public), Tilburg University
International and Belgian climate change policy questions, 2006
Final Report of CLIMNEG II project, K.U.Leuven
Opening of the European Market for Electricity, 2002,with Van Roy, P., Belmans, R., Pepermans, G., Proost, S. and D haeseleer, W.
Energy Institute Report 00-02, EI/St/02.3/FIN, K.U.Leuven
Dissertation
Electricity Networks and Generation Market Power, 2004, PhD dissertation,
Dept. of Economics, K.U.Leuven