Ep.4 Lucia Parisio - From law to liberalization
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Professor Lucia Parisio followed an unconventional academic path, starting with a law degree before earning a PhD in auctions and market design.
This background prepared her perfectly to study electricity market design during the critical years of liberalization and privatization. Parisio chose Bicocca for its spirit of innovation and strong culture of cross-fertilisation, convinced of the need to teach environmental and energy economics to non-economists such as engineers and physicists. Her research tackles some of the sector’s most pressing questions: from analyzing price convergence across Europe to detecting market power in Italy’s particularly high-priced electricity market. Most notably, she recently authored a high-impact policy paper for the European Commission on the 2023 EU electricity market reform, offering guidance on the strategic use of long-term contracts. Looking ahead, she is increasingly drawn to the economics and market-design challenges of next-generation decarbonization technologies—including Carbon Capture and Storage (CCS) and hydrogen.
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