Re-powering Markets: Market design and regulation during the transition to low-carbon power systems

Re-powering Markets is the first official publication of the IEA that analyses the electricity market
framework for low-carbon power systems. It discusses, for all relevant dimensions of electricity
market design, the balance that policy makers must strike between supporting innovation and
competition while mobilising capital for the deployment of low-carbon sources. It covers the
characteristics of a market design fit for the transition to low-carbon power – one that has proper
price signals and the competitive provision of flexibility and adequacy. It addresses in detail the
policy and regulatory aspects related to the largest and most complex machine in the world: the
electric network, a network which has never been more essential but must nevertheless be
transformed. Re-powering Markets is the flagship output of the IEA Electricity Security Action
Plan and is a key IEA contribution to the post-Paris energy transformation.