Glossary
Electricity Market: Functioning and Reforms in Progress

Single buyer

A system in which an operator in charge of balancing electricity supply and demand enters into more or less long-term contracts with electricity producers selected after a call for tenders. This is known as competition "for" the market, and not competition "by" the market, as would be the case with a wholesale market, since once selected, producers find themselves in a monopoly position for a certain period of time.

Update

The discount rate is often close to the interest rate, but can deviate from it, especially for public investments.

ARENH

A mechanism that allows EDF's competitors to purchase nuclear electricity at cost price (100 TWh over the period 2011-2025 at a regulated price of 42 euros per MWh); this mechanism was introduced by the 2010 NOME law (for new organization of the electricity market) in order to facilitate competition in France, given...