EU Electricity Trade Law

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Author :
Publisher : Springer
ISBN 13 : 3319165135
Total Pages : 621 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis EU Electricity Trade Law by : Petri Mäntysaari

Download or read book EU Electricity Trade Law written by Petri Mäntysaari and published by Springer. This book was released on 2015-05-06 with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to describe the mechanisms of the internal wholesale electricity market in terms of the legal tools and practices used by electricity producers, the most important market participants. In this regard, the focus is on Northwestern Europe. Because of the book’s functional perspective, it is not limited to the external regulation of electricity markets at the EU level and also describes the business models and practices employed by electricity producers. Both the physical and financial marketplaces are examined and topics including electricity supply, balancing, transmission and derivatives are covered. The target for the completion of the EU’s internal electricity market was 2014. The internal wholesale electricity market is very important not only for electricity producers, suppliers and major end consumers but also for network operators, marketplace operators, electricity technology firms, investment firms and market regulators.

Electricity Trade in Europe

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Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041122796
Total Pages : 374 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Electricity Trade in Europe by : Janusz Bielecki

Download or read book Electricity Trade in Europe written by Janusz Bielecki and published by Kluwer Law International B.V.. This book was released on 2004-01-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberalisation in the power sector is high on the agenda of policy makers, regulators and the industry around the world. There is growing recognition of the benefits of power marker liberalisation and the need to further integrate regional markets in a liberal trade and investment environment. This volume brings together articles written by leading experts in the field of electricity trade and regulation in Europe. Organised in two parts, the contributions cover a range of issues from market structure, trade flows, infrastructure and investment to the regulatory framework within which the industry operates, including international trade rules and national technical, environmental and regulatory regimes. These are complex and sensitive issues requiring an in-depth understanding of the economics and regulation of the electricity trade and the primary object of this volume is to contribute to an informed debate on the subject. To this end, the contributors demonstrate how a competition ?friendly and liberal environment for electricity trade, including a system of non-discriminatory and transparent access to transmission and distribution networks, could contribute to improving market integration, economic efficiency , supply security and environmental health.

Capacity Mechanisms in the EU Energy Markets

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Publisher : Oxford University Press
ISBN 13 : 0192666673
Total Pages : 513 pages
Book Rating : 4.1/5 (926 download)

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Book Synopsis Capacity Mechanisms in the EU Energy Markets by : Leigh Hancher

Download or read book Capacity Mechanisms in the EU Energy Markets written by Leigh Hancher and published by Oxford University Press. This book was released on 2022-10-13 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capacity remuneration mechanisms (or simply capacity mechanisms) have become a fact of life in member states' energy markets and are one of the hottest topics in the wider European regulatory debate. Concerned about the security of electricity supply, national governments are implementing subsidy schemes to encourage investment in conventional power generation capacity, alongside already heavily subsidized renewable energy sources. With the increasingly connected European electricity markets, the introduction of a capacity mechanism in one country not only tends to distort its national market but may also have unforeseeable consequences for neighbouring electricity markets. As these mechanisms are adopted by member states with limited supra-national coordination as well as consideration for the cross-border impact, they tend to cause serious market distortions and put the future of the European internal electricity market at risk. This second edition will take stock of how capacity mechanisms have actually worked so far and consider the consequences they have for the European internal electricity market. It will include a detailed overview of national capacity mechanisms, their implications for the EU internal market, and will outline the nature of market failures which are likely to occur in the European electricity markets. This edition is intended to serve as a point of reference for regulators and policy-makers on how to design optimal capacity mechanisms in Europe. It will be an invaluable resource for anyone interested in energy market design, regulation, and competition issues.

Capacity Mechanisms in the EU Energy Market

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Author :
Publisher : OUP Oxford
ISBN 13 : 0191066176
Total Pages : 443 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Capacity Mechanisms in the EU Energy Market by : Leigh Hancher

Download or read book Capacity Mechanisms in the EU Energy Market written by Leigh Hancher and published by OUP Oxford. This book was released on 2015-09-24 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments in renewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market but may have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for their cross-border impact, they may cause serious market distortions and put the future of the European internal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, and will be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.

Investing in EU Energy Security

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041131183
Total Pages : 482 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Investing in EU Energy Security by : Henrik Bjørnebye

Download or read book Investing in EU Energy Security written by Henrik Bjørnebye and published by Kluwer Law International B.V.. This book was released on 2010-01-01 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: La 4e de couverture indique : "Since the introduction a quarter-century ago of market-based investments in the production of electricity and other critical services, our awareness of the underlying issues affecting the supply and consumption of energy has changed radically. No longer can Europe (or any region) rely on over-capacity of electricity generation and inexpensive primary energy fuels, or disregard the signs of potentially catastrophic climate change. The author of this timely and sharply focused book shows that, in the light of our current knowledge, ensuring new investments - and the right investments - in electricity generation constitutes an urgent energy policy challenge facing the EU over the coming decades. He accordingly makes the case for a serious reconsideration of the market facilitation and market intervention rules under electricity market legislation in the EU. In the first detailed legal analysis of the EU's internal electricity market framework for investments in electricity generation facilities from the perspective of security of supply, this book cover such legal issues as the following in precise detail : applicability of the Treaty on the Functioning of the European Union (TFEU) ; security of supply as a ground for exemption on the basis of public security ; justifications of public intervention ; the applicability of EU State aid provisions to investments in energy security ; requirements imposed by EU law on Member States for ensuring cost-efficient investments in European supply security ; facilitation of renewable energy sources and cogeneration in the environmental interest ; the Court of Justice's approach to Member State interventions ; the Court's decisions on restrictions on free movement in the environmental interest ; Member States' right to launch tendering procedures for new generation capacity ; Member States' right to impose public service obligations in the general economic interest on certain undertakings ; and relationship between the provisions of the TFEU and those of the Euratom Treaty in relation to investments in nuclear power generation. Throughout the study, in addition to his analysis of the decisions of the Court of Justice and the Court of First Instance, the author takes into account legal literature and Union reports, preparatory works, and working papers. The book demonstrates convincingly that today's energy supply challenges must be based on a broader balancing of security, competitiveness and sustainability interests. It suggests that the internal electricity market provisions of the Electricity Directive and the Security of Electricity Supply Directive would benefit from focusing more intensely on requiring investments in technologies and primary energy sources that will help mitigate climate change and reduce European energy import dependency, and less on the need for ensuring cost-efficient investments through market-based means. Through its detailed analysis of EU law in an area of great significance to both market participants and the public sector, Investing in EU Energy Security will be welcomed by legal advisors, whether working for the EU electricity industry or public agencies responsible for implementation of internal electricity market measures, as well as by academics in this hugely important field of current research."

International Trade in Sustainable Electricity

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Author :
Publisher : Cambridge University Press
ISBN 13 : 110716334X
Total Pages : 509 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis International Trade in Sustainable Electricity by : Thomas Cottier

Download or read book International Trade in Sustainable Electricity written by Thomas Cottier and published by Cambridge University Press. This book was released on 2017-06 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the regulatory challenges posed by the changing landscape of electricity trade to the multilateral trading system.

The Law and Policy of International Trade in Electricity

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Author :
Publisher :
ISBN 13 : 9789089522023
Total Pages : 0 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis The Law and Policy of International Trade in Electricity by : Karolis Gudas

Download or read book The Law and Policy of International Trade in Electricity written by Karolis Gudas and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the legal guarantees provided under the European Union (EU) and the World Trade Organization (WTO) rules for the development of electricity transmission systems, either by constructing new transmission lines or by increasing transmission capacity. In the context of an analysis of trade rules, the book makes the argument that, if long-distance trade in electricity remains a feasible option, the development of electricity transmission projects must be made subject to economic, technological, and environmental criteria. This topic is dealt with in light of specific challenges of electricity trade related to its dependence on networks, storage and balancing. The book offers insights into the scope of the WTO and the EU related to access to and the development of cross-border electricity infrastructure development, connection, and integration of abundant renewable energies into the electricity systems. It criticizes the EU's regulations in terms of a lack of technological neutrality, as well as the WTO system in terms of lack of sector-tailored regulations that are necessary to achieve the objectives of the WTO to facilitate trade and transit. The regulatory environment for the development of cross-border electricity transmission projects has been examined based on identified obstacles from the analysis of the major multinational electricity systems in the world. [Subject: International Trade Law, Energy Law, EU Law, WTO]

The Regulation of Power Exchanges in Europe

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Publisher : Intersentia nv
ISBN 13 : 9050953174
Total Pages : 338 pages
Book Rating : 4.0/5 (59 download)

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Book Synopsis The Regulation of Power Exchanges in Europe by : Martha M. Roggenkamp

Download or read book The Regulation of Power Exchanges in Europe written by Martha M. Roggenkamp and published by Intersentia nv. This book was released on 2005 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The liberalisation of the electricity sector has changed the way in which electricity is traded. De facto or legal vertical monopolies are gradually abandoned and new participants have entered the market. At the wholesale level, one of the important developments is the establishment of organised electricity markets, i.e. electricity power exchanges. This book analyses the role and evaluates the impact of these new organised markets, which until now received little attention. The introduction provides an overview of the developments on EC level as this creates the legal environment within which power exchanges operate. The implementation of the EC Electricity Directive has inter alia resulted in a commodization of electricity trading. Thereupon the development of power pools and electricity exchanges is discussed as well as the products which can be traded. Subsequently, the development of the most important national and/or regional exchanges in Europe will be examined. National experts will analyse the role of power exchanges in the Nordic countries, the United Kingdom, the Netherlands, Germany, France, Austria, Spain and Italy. The authors analyse the most important developments in their jurisdictions according to a fixed outline (e.g. implementation of the EC Electricity Directive, market structure, emergence and functioning of the organised market, products traded and the impact of cross-border trade) which allows for a comparative analysis and facilitates understanding. Finally, some conclusions with regard to the establishment of a single electricity market will be presented as well as some future developments.

Research Handbook on EU Energy Law and Policy

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 178643105X
Total Pages : 563 pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis Research Handbook on EU Energy Law and Policy by : Rafael Leal-Arcas

Download or read book Research Handbook on EU Energy Law and Policy written by Rafael Leal-Arcas and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative Research Handbook presents, for the first time, a comprehensive overview of the most important research and latest trends in EU energy law and policy. It offers high-quality original contributions that provide state-of-the-art research in this rapidly evolving area, situated in the broader context of international economic law and governance.

The Evolution of Electricity Markets in Europe

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1789905478
Total Pages : 192 pages
Book Rating : 4.7/5 (899 download)

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Book Synopsis The Evolution of Electricity Markets in Europe by : Leonardo Meeus

Download or read book The Evolution of Electricity Markets in Europe written by Leonardo Meeus and published by Edward Elgar Publishing. This book was released on 2020-11-27 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

Energy in International Trade Law

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108427227
Total Pages : 355 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Energy in International Trade Law by : Anna-Alexandra Marhold

Download or read book Energy in International Trade Law written by Anna-Alexandra Marhold and published by Cambridge University Press. This book was released on 2021-07-15 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of energy regulation in international trade law against the backdrop of energy markets that have undergone radical change.

World Trade Law and the Emergence of International Electricity Markets

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Author :
Publisher : Springer Nature
ISBN 13 : 3031047567
Total Pages : 284 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis World Trade Law and the Emergence of International Electricity Markets by : Christopher Frey

Download or read book World Trade Law and the Emergence of International Electricity Markets written by Christopher Frey and published by Springer Nature. This book was released on 2022-06-02 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The expansion of cross-border power transmission infrastructures and the regional integration of electricity markets are accelerating on several continents. The internationalization of trade in electric energy is embedded in an even greater transformation: the transition from fossil fuels to renewable energies and the race to net zero emissions. Against this backdrop, this book provides a comprehensive examination of the regulatory framework that governs the established and newly emerging electricity trading relations. Taking the technical and economic foundations as a starting point and thoroughly examining current developments on four continents, the book provides a global perspective on the state of the art in electricity market integration. in doing so, it focuses on the most relevant issues including transit of electricity, quantitative restrictions, market foreclosure and anti-competitive practices employed by the actors on electricity markets. In turn, the book carefully analyzes the regulatory framework provided by the WTO Agreements, the Energy Charter Treaty and other relevant preferential trade agreements. In its closing section, it moves beyond the applicable legal architecture to make concrete proposals on the future design of global trade rules specifically tailored to the electricity sector, which could provide a more reliable and transparent framework for the multilateral regulation of electricity trade.

Eu Energy Law Volume XII - Electricity Market Design in the European Union

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Author :
Publisher :
ISBN 13 : 9789077644690
Total Pages : 0 pages
Book Rating : 4.6/5 (446 download)

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Book Synopsis Eu Energy Law Volume XII - Electricity Market Design in the European Union by : Florian Ermacora

Download or read book Eu Energy Law Volume XII - Electricity Market Design in the European Union written by Florian Ermacora and published by . This book was released on 2020-03-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Claeys and Casteels, now formally part of Edward Elgar Publishing. At the end of 2018 the EU agreed a wholesale overhaul of EU electricity laws with the 'Electricity Market Design' package. The aim of this package is to bring EU electricity law up to date, taking account of its aim to become completely decarbonised by 2050, and to deal with the rapidly increasing level of intermittent renewable electricity in the network. The share of electricity produced by renewable energy sources is expected to grow to more than 50% in 2030. With this in mind, the electricity market design framework has been modernised to deal with intermittency, with new provisions on storage, capacity mechanisms (introducing a new emissions limit for power plants eligible to receive subsidies) and demand response. In addition, the role of consumers in the future electricity market has been re-thought and incorporated in the Electricity Market Design, providing the right incentives for consumers to become more active and to contribute to keeping the electricity system stable, as well as new consumer rights. In order to increase the resilience of the EU electricity system, each EU country is in the future required to define Risk Preparedness plans to be ready to respond to unexpected situations, working closely with neighbouring member states. The new rules will be supported by a stronger role for the ACER Agency, which coordinates work among national energy regulators, providing additional powers and responsibilities, and thus ensuring that decisions are taken for making best use of an integrated EU energy market to the benefit of all EU citizens. This new volume, written by all the key Commission officials responsible for drafting, negotiating and now implementing this major new piece of legislation is essential reading for all those involved in the regulation and development of Europe's electricity industry.

Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law

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Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041196048
Total Pages : 314 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law by : Huseyin Cagri Corlu

Download or read book Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law written by Huseyin Cagri Corlu and published by Kluwer Law International B.V.. This book was released on 2018-06-05 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the course of energy liberalisation, electricity and natural gas contracts have been separated from physical delivery, and these contracts are now traded as commodities in multilateral trading facilities. Although designed to render energy trading standardised and efficient, this system raises serious questions as to whether existing regulatory and antitrust provisions are sufficient to address market abuses that cause imbalances in demand and supply. The European Union’s (EU’s) Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), adopted to combat such market manipulation, is still lacking in significant case law to bolster its effectiveness. Addressing this gap, this invaluable book provides the first in-depth analysis of market manipulation in the energy sector, offering a deeply informed understanding of the new anti-manipulation rules and their implementation and enforcement. Focusing on practices that perpetrators employ to manipulate electricity and natural gas markets and the applicability of anti-manipulation rules to combat such practices, the analysis examines such issues and topics as the following: – factors and circumstances that determine when and what market misconduct can be subject to enforcement; – the European Commission’s criteria to determine whether a particular market is susceptible to regulation; – jurisdiction of REMIT and the Market Abuse Regulation (MAR) with respect to the prohibitions of insider trading in financial wholesale energy markets; – to what extent anti-manipulation rules and EU competition law may be applied concurrently; and – types of physical and financial instruments that market participants have employed in devising their manipulative schemes. Because market manipulation is rather new in the EU context but has been prohibited and prosecuted under US law for over a century, much of the case law analysis is from the United States and greatly clarifies how anti-manipulation rules may be enforced. A concluding chapter offers policy recommendations to mitigate legal uncertainties arising from REMIT. Energy market participants, such as energy producers, wholesale suppliers, traders, transmission system operators and their counsel, and legal practitioners in the field will welcome this book’s extensive legal analysis and its clear demarcation of the objectives that REMIT seeks to accomplish with respect to energy market liberalisation.

Regulation in the European Electricity Sector

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Author :
Publisher : Routledge
ISBN 13 : 1317332121
Total Pages : 251 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Regulation in the European Electricity Sector by : Maciej M Sokołowski

Download or read book Regulation in the European Electricity Sector written by Maciej M Sokołowski and published by Routledge. This book was released on 2016-02-22 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the very beginning of European integration, electricity has been within the legal sphere of the EU. Much of this is found within the binding European acts making up the framework of the Energy Packages. The established legal institutions have had a significant impact on the shape of the energy market in Europe. Nevertheless, the European energy market still seems to be developing, as demonstrated by the current lively discussion about the state of the Energy Union. Regulation in the European Electricity Sector delves into European energy law and reflects on some of the primary issues related to the public legal impact on the European energy sector. The book offers a brief explanation of the background operation of the electricity sector, as well as liberalisation within the area, and traces the evolution of the EU’s approach towards the issue of public law regulation within the electricity sector. Finally, the book presents an analysis of European and national laws, considering their interpretation, and explores the future of public law regulation. Aimed at giving the reader a deep insight into a nature of the state’s presence in the power sector, this book will be of great interest to students and scholars of EU energy law and policy.

Market Building through Antitrust

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 085793774X
Total Pages : 225 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Market Building through Antitrust by : Adrien de Hauteclocque

Download or read book Market Building through Antitrust written by Adrien de Hauteclocque and published by Edward Elgar Publishing. This book was released on 2013-12-27 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: By mixing legal, political and economic perspectives, this book will appeal to a wide range of readers from academia in law, economics and political science, regulatory and competition authorities, as well as legal and consulting practices and business

Liberalization of Electricity Markets and the Public Service Obligation in the Energy Community

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Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 904114191X
Total Pages : 422 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Liberalization of Electricity Markets and the Public Service Obligation in the Energy Community by : Rozeta Karova

Download or read book Liberalization of Electricity Markets and the Public Service Obligation in the Energy Community written by Rozeta Karova and published by Kluwer Law International B.V.. This book was released on 2012-02-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the first in-depth analysis of the export of the EU electricity acquis, through the imposition of an EU-type regional electricity market (REM) in SEE within the enlargement process. Among other germane issues, the author discusses the following: the suitability of the European model of electricity markets’ liberalization for economies in transition; the use of the Public Services Obligations (PSO) to address the impact of electricity markets liberalization; the use of regulated prices and measures for granting priority rights for cross-border capacity allocation as PSOs; the Court of Justice judgement in Federutility on the sustainability of states’ protection of their different types of customers, including the large businesses; the Energy Community as a step towards a Pan-European Energy Community; the effect of simultaneous national electricity markets liberalization and cross-border regional integration of national electricity markets; and, the interplay between liberalization policy and reforms and the regulatory tools available to address their impact on provision of public services. The author’s proposed rethinking of the public services obligation offers new views on using this tool more effectively and proposes possibilities for its practical implementation through measures such as energy efficiency, allocation of interconnectors’ capacity, transparency, addressing the affordability issue and the protection of vulnerable customers. The book is remarkable for its clear analysis of the policy lessons arising from the export of the idea of liberalized energy markets, and will be welcomed by practitioners, officials, academics and others in energy law and policy for its informative and forward-looking overview of the national and cross-border reforms in the Energy Community framework.