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The Liberalization Of Electricity And Natural Gas In The European Union
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Book Synopsis The Liberalization of Electricity and Natural Gas in the European Union by : Damien Geradin
Download or read book The Liberalization of Electricity and Natural Gas in the European Union written by Damien Geradin and published by Kluwer Law International B.V.. This book was released on 2001-07-11 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this important book, notable European experts in the energy field provide valuable perspectives on the principal issues raised by the liberalisation of the electricity and natural gas markets in the EU. Lawyers, business people, regulators, and policymakers who deal with matters and issues in the energy, natural resources, and environmental fields will find the details and insights presented here of great value.
Book Synopsis Electricity Reform in Europe by : Jean-Michel Glachant
Download or read book Electricity Reform in Europe written by Jean-Michel Glachant and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this volume comes across as one of the most profound sources on the specifics of European electricity market restructuring. Competition and Regulation in Network Industries The SESSA study on the Internal Energy Market was an important and influential contribution towards the Commission s proposal for a third package of proposals, intending to bring more effective competition and better security of supply to Europe s energy markets. This volume, based on the results of the study is an important and welcome contribution to the ongoing debate on these proposals. Andris Piebalgs, Commissioner for Energy at the European Commission The chapters in this book are written by the leading European scholars who have studied the structure, behavior and performance of liberalised electricity markets in many European countries as well as in other regions of the world. Both the analyses and the policy recommendations contained in this volume are well worth careful consideration by policymakers in Europe, as well as by policymakers in other countries that are seeking to adopt successful electricity sector liberalisation programs. From the foreword by Paul L. Joskow, Massachusetts Institute of Technology, US Dynamism or dissipation? Competition or national champions? Will enlargement promote or delay reform? Energy economists contemplate the challenges posed by the restless and discontent European Commission. Stephen Littlechild, University of Birmingham and Judge Institute for Management Studies, University of Cambridge, UK The challenge of European electricity reform is being met, although gradually, delays notwithstanding. This book provides precious help in spotting where the necessary further efforts should be directed. In the US mistakes and delays have occurred, no less than in Europe, but an aggressive federal regulator (absent in Europe) is working to overcome them. Electricity markets do not happen, they have to be built. Here are suggestions for a workable European market design. No ideology, just competence and wisdom from both theory and experience. Will Europe learn? Pippo Ranci, Università Cattolica del Sacro Cuore, Italy The realisation of a European internal market for energy is still a work in progress. Written by leading European scholars and discussed with major energy stakeholders, this book presents a thorough analysis of the motives and methods needed to achieve a single European energy market. The authors discuss the critical issues surrounding an internal European energy market including: market design, competition and market power, sustainable energy versus the market, regulation and harmonisation, benchmarking and indicators, modelling of competition, market prices and energy forecasts. They provide a multi-disciplinary assessment of the best way to build the market base of a future European energy policy. Electricity Reform in Europe will be of great interest to decision makers and managers in the energy industry or business sector as they will be able to see the whole European energy policy picture beyond their own corporate interests. The book will also appeal to national and European energy administrations, regulatory bodies and policy makers providing a synthesis of all relevant policy issues.
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.
Book Synopsis The Interplay between European Merger Control Law and the Liberalisation of European Electricity, Natural Gas and Petroleum Markets by : Henning Matthiesen
Download or read book The Interplay between European Merger Control Law and the Liberalisation of European Electricity, Natural Gas and Petroleum Markets written by Henning Matthiesen and published by GRIN Verlag. This book was released on 2023-04-21 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2020 in the subject Law - European and International Law, Intellectual Properties, grade: 2,2, Leuphana Universität Lüneburg (Fakultät Wirtschaftswissenschaften), language: English, abstract: This doctoral thesis examines how European merger control law is applied to the energy sector and to which extent its application may facilitate the liberalisation of the electricity, natural gas and petroleum industries so that only those concentrations will be cleared that honour the principles of the liberalisation directives. In 2007, the Commission emphasized that a real internal European energy market is essential to meet Europe’s three energy objectives. These were for example competitiveness to cut costs for citizens and undertakings to foster energy efficiency and investment, sustainability including emissions trading, and security of supply with high standards of public service obligations. The EU issued three pre-liberalisation directives since the 1990s. Dissatisfied with the existing monopolistic structures, in Germany through demarcation and exclusive concession agreements for the supply of electricity and natural gas, which were until 1998 exempted from the cartel prohibition provision, and the prevalence of exclusive rights on the energy markets, the Commission triggered infringement proceedings against four Member States. The CJEU confirmed that the Commission has the power to abolish monopoly rights under certain circumstances and the rulings had the effect of convincing the member states to enter into negotiations for an opening up of energy markets owing to the internal market energy liberalization directives 1996 / 1998 / 2003 / 2009 / 2019. The 2nd liberalisation package of 2003 brought a widening of market opening and acceleration of pace of market opening to a greater number of eligible customers and an increase in the provisions on management and legal unbundling. The 3rd energy package of 2009 addressed ownership unbundling of key-infrastructure ownership and energy wholesale and retail supply consisting of three regulations and two directives. The 4th liberalization package inter alia consists of a new IEMD2019 and IGMD2019 and addresses energy efficiency and rules on good governance in the Energy Union. A brief analysis of the economic implications of concentrations is followed by an assessment of the evolution of European merger control law since 1989, 1997 and 2004. Then, the theoretical findings are contrasted to the results of recent merger proceedings in the energy sector.
Book Synopsis The EU's Major Electricity and Gas Utilities Since Market Liberalization by : Christian Schülke
Download or read book The EU's Major Electricity and Gas Utilities Since Market Liberalization written by Christian Schülke and published by Gouvernance Europeenne Et Geop. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major change has taken place in the company structure of the European electricity and gas markets. Since the liberalization of EU energy markets began in the 1990s, companies like E.ON, GDF Suez, EDF, Enel, and RWE have become European giants with activities in a large number of member states. The advocates of market liberalization did not expect, or intend, the emergence of a small number of large utilities that control an increasing part of the EU market. Some observers claim that liberalization has led to an oligopoly with detrimental consequences for competition. Based on extensive background research, this book presents a fact-based analysis of the changes in the European utility sector since the 1990s. Case studies of the seven largest utilities illustrate how companies adapted their strategies to the changing market environment. The author underlines diverging choices and common trends with the aim of using synergies between electricity and gas.
Book Synopsis The Electricity Market in Germany regarding the EU Directives to Market Liberalisation by : Valentin Balint Pikler
Download or read book The Electricity Market in Germany regarding the EU Directives to Market Liberalisation written by Valentin Balint Pikler and published by GRIN Verlag. This book was released on 2010-06-30 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2010 in the subject Business economics - Economic Policy, grade: 1, Oxford Brookes University, language: English, abstract: The main understanding of this work will suggest that the electricity market liberalisation need a new impulse from the biggest market players and from the regulators. The liberalisation process is defaulting; the practice and implementation should more precedes as the electricity market in the EU. The base; the Directives are settled by the Commission. The implementation by the big four companies on the market is be a long time coming. There is a wide range of different national experiences of liberalisation electricity markets in terms of the degree of the concentration of generation, the stringency of unbundling public ownership and regulatory institutions. The thesis is combining the “Third Party Access” and the “Single Buyer Model” with its empirical evidence and their implementation for Germany. However, the results of this report will reach a number of significant conclusions at the end of the thesis and will make several policy recommendations. (Blaxter,2006). It draws a distinction between observations that are relevant to the design a well functioned electricity markets. The German electricity sector has undergone considerable changes throughout the past few years (RWE, 2007). Main developments were related to liberalisation of electricity markets (generation and sell of power) and transport of electricity (grid operations), the evolving European CO2 emissions trading scheme and the promotion of renewable electricity generation.
Book Synopsis Competition in Energy Markets by : Peter D. Cameron
Download or read book Competition in Energy Markets written by Peter D. Cameron and published by Oxford University Press, USA. This book was released on 2002 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have seen a major growth in the European law concerning the operation of the energy industry, especially with respect to electricity and gas. Several directives have been adopted that are aimed at the promotion of competition in this key sector of the European economy. At thesame time, the jurisprudence of the European Court had developed further on matters such as access to networks, import and export monopolies and security of supply.In this book the authors examine the principal legislation, Treaty provisions and decisions of the Court of Justice and Court of First Instance of the EU as they related to the promotion of competition in European energy markets. In particular, two chapters are devoted to a detailed analysis of theprovisions of the two directives that set out common rules for the creation of an internal market in the electricity and gas sectors. In each case, the analysis is set in the context of the various programmes of energy market liberalization and privatization in the Member States, which aresummarized in this book. However, the authors also take the wider pan-European context into account, explaining the requirements and the implications of the European Economic Area Agreement, the Energy Charter Treaty and the Europe Agreements with countries of Central and Eastern Europe.The approach adopted by the authors is both analytical and historical. They locate the legislation in the context of the EU Internal Market programme that began in the late 1980s and explain the roles played by the various parties (energy industries, consumers and EU institutions) in shaping thefinal legislation. Importantly, they explain how the framework character of the energy directives has led to further important rule-making in the implementation of the directives across the EU. They conclude that a co-ordinated response between the European Commission and the national regulatorswill be essential to resolve problems arising in the transition to a competitive energy market in the EU.
Book Synopsis Liberalisation of Energy Markets. Effects on Gas and Electricity Generation, Distribution and Supply by : William Garner
Download or read book Liberalisation of Energy Markets. Effects on Gas and Electricity Generation, Distribution and Supply written by William Garner and published by GRIN Verlag. This book was released on 2016-06-01 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2012 in the subject Business economics - General, grade: 2:1, De Montfort University Leicester, course: International Business and Globalisation, language: English, abstract: Consumers mainly benefited from the liberalisation of UK energy markets in the 1980s through privatisation under Thatcher, because of lower prices due to increased competition between rival energy firms. This is because instead of a single monopoly, competitive markets try and compete through price wars. The energy markets were monopolies in many EU countries and held dominant power in the energy market which is considered inefficient. The EU claim that Liberalisation of the energy markets will benefit consumers through; raising employment levels, increasing business efficiency and increasing a country's potential economic development and GDP growth. We therefore need to focus on the impact of Liberalisation on these key areas to assess how advantageous this increase in competition has on the energy market.
Book Synopsis European Union Policy-Making by : Nicole Herweg
Download or read book European Union Policy-Making written by Nicole Herweg and published by Springer. This book was released on 2017-02-23 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book furthers the ongoing theoretical development of the multiple streams framework, assessing its applicability to European Union (EU) policy-making processes. It systematically defines and identifies functional equivalents for all of the framework’s core concepts at the EU level and extends the framework in order to explain agenda-setting and decision-making. Furthermore, the book derives a set of explicit hypotheses to empirically assess the extent to which the (modified) framework is able to explain timing, agenda prominence, and policy change (or a lack thereof) for the EU natural gas directives passed in 1998, 2003, and 2009. The analysis documents that the framework is well-suited to explain the EU policy process in general and reveals where additional theoretical refinements are required.
Book Synopsis The Development of Electricity Markets in the Euro-Mediterranean Area by : Daniel Müller-Jentsch
Download or read book The Development of Electricity Markets in the Euro-Mediterranean Area written by Daniel Müller-Jentsch and published by World Bank Publications. This book was released on 2001-01-01 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation The main objective of this report is to outline key policy issues that need to be addressed in order to achieve energy sector reform at the national and regional levels.
Book Synopsis Building Competitive Gas Markets in the EU by : Jean-Michel Glachant
Download or read book Building Competitive Gas Markets in the EU written by Jean-Michel Glachant and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe, which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions between the transmission operators activity and the gas commodity markets are addressed, as is the design of commercial networks in EU markets. The contributors also question whether the relationship between commercial and physical networks, in terms of the new flexibility requirements of users, actually works. By way of conclusion, two proposals for the EU gas target model are presented, both of which tackle the fundamental issues raised in this book, as well as the organization of short-term transactions and the mechanisms for investment in vital new long-life infrastructure needed to integrate EU markets. This volume will be of great interest to practitioners, as well as academics, researchers and students in the fields of energy economics and industrial economics. Both European and non-European energy companies and regulatory authorities looking for an independent and analytical overview of European gas markets will also find this book to be a highly valuable resource.
Book Synopsis Energy Markets in the European Union in 2011 by : European Commission
Download or read book Energy Markets in the European Union in 2011 written by European Commission and published by . This book was released on 2012 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: Executive summary - 2. Overview of energy markets in the European Union.
Book Synopsis Reshaping European Gas and Electricity Industries by : Dominique Finon
Download or read book Reshaping European Gas and Electricity Industries written by Dominique Finon and published by Elsevier. This book was released on 2004-12-02 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique and thorough investigation of the shift towards Europe-wide energy regulation, markets and business strategies, and the extent to which energy systems have become more liberalised over this period. Reshaping of European Gas and Electricity Industries analyses the key issues facing the European energy industry, from a regulatory, market, and business perspective. Current challenges within the field are also reviewed, including competitive and environmental issues. Liberalization: Delivers timely insights into the changes facing the European energy industry in the face of deregulation Competition: A direct look at business and marketing strategies in response to the influx of competition from across the globe Environment: Provides powerful [insights] into the way environmentally-based legislation has now become a key driver of the energy industry in Europe
Book Synopsis Security of Energy Supply in Europe by : Julian Barquin
Download or read book Security of Energy Supply in Europe written by Julian Barquin and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: In economic, technical and political terms, the security of energy supply is of the utmost importance for Europe. Alongside competition and sustainability, supply security represents a cornerstone of the EU s energy policy, and in times of rising geopolitical conflict plays an increasingly important role in its external relations. Within this context, the contributors analyse and explore the natural gas, nuclear, and hydrogen energy sectors, which will be of critical significance for the future of energy supplies in Europe. The book opens with an extensive exploration of the very definition of supply security and moves beyond sector-specific debates to highlight the political sensitivity surrounding energy security. The expert contributors apply a policy perspective, underpinned by theoretical discussion, to economic analysis in order to yield policy-relevant conclusions. They illustrate that the EU lacks a coherent transnational energy policy, that national energy policies fail to match EU goals and that, ultimately, sustainable energy policies, more competition, and better regulation will improve global welfare. Academics and EU policymakers both at national and international levels will find that the topical policy recommendations, extensive overview of supply security, and detailed perspectives on the natural gas, nuclear and hydrogen sectors presented herewith constitute an invaluable reference and research tool.
Book Synopsis Liberalizing European Energy Markets by : Finn Roar Aune
Download or read book Liberalizing European Energy Markets written by Finn Roar Aune and published by Edward Elgar Publishing. This book was released on 2008-05-30 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a state-of-the-art detailed numerical simulation model, this volume presents an economic analysis of the main effects of liberalizing the electricity and natural gas markets across Western Europe.
Book Synopsis Toward a Common European Union Energy Policy by : V. Birchfield
Download or read book Toward a Common European Union Energy Policy written by V. Birchfield and published by Springer. This book was released on 2011-07-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-2000s, the European Union has made unprecedented strides toward the creation of a common energy policy. This book takes stock of these developments, evaluating how much progress has actually been made and what remains to be done, what factors explain these recent advances and their limitations.
Book Synopsis European Electricity Systems in Transition by : A. Midttun
Download or read book European Electricity Systems in Transition written by A. Midttun and published by Elsevier. This book was released on 1997-02-17 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electricity generation and supply industry is undergoing rapid changes in the 1990s. As demands for economic power continue to increase, governments throughout Europe are contemplating a reformation of electricity policy for the 21st century. This book discusses the current state of the European electricity generation and supply industry and the options for improvement in the future. Written by renowned experts in the field of energy policy and economics, the book includes detailed case studies of national electricity regulation from around Europe, and a timely overview of European Union electricity policy on liberalisation and deregulation. Given that the changes to the European electricity industries will provide valuable pointers to change in other areas, this book is essential reading for industry analysts, policy makers, utility companies and others with an interest in the future of energy generation and transmission worldwide.
