1,720,975 research outputs found
Law & Economics Perspectives on Electricity Regulation
Get PDFThis paper first reviews some of the main contributions of the new institutional economics to the analysis of the process of competitive transformation of network industries. It shows that neoinstitutional analysis is complementary to the microeconomics of rational pricing, since it accounts for the decisive role of an institutional framework adapted to new transactions. It emphasizes the importance of the political reform process, which draws on the conditions of attractiveness and feasibility to define an initial reorganization of property rights in these industries. The paper then analyzes in this light some of the main challenges ahead for electricity regulation: the question of investment in generation capacities and the link to long term contracts, the regulation of wholesale market power, the support to Renewable Energy Sources for Electricity (RES-E) and the design of new regulatory authorities.Electricity Markets; New Institutional Economics; Law & Economics
Manufacturing the EU Energy Markets. The Current Dynamics of Regulatory Practice
Get PDFThis chapter aims to analysis the new dynamics at work in EU energy regulation. Since the publication of the European Commission’s ‘Sector Inquiry Report’ in January 2007, European energy companies have felt the cold wind of competition law - many for the first time. In addition, national competition authorities (NCAs) have been actively pursuing abusive market practices - sometimes making innovative use of competition law in the process. Certain energy giants have agreed to unbundle their transmission networks - even when their national governments opposed the inclusion of ownership unbundling in the draft ‘Third Package’ of electricity and gas legislation. In parallel, the Third Package envisages the creation of a new regulatory agency - ACER - to co-ordinate technical crossborder regulatory issues in the internal market. So who will be in the driving seat in the next decade - and will co-ordinated regulatory powers be the preferred approach to market design? Will regulatory rules co-exist alongside competition based controls or will the latter gradually supersede the former? This chapter will examine these critical issues.Antitrust, Third Legislative Package, ACER, European Union
Competition, Contracts and Electricity Markets: A New Perspective
No full textCompetition, Contracts and Electricity Markets: A New Perspective / sous la dir. de Jean-Michel Glachant , Dominique Finon et Adrien de Hauteclocque. Edward Elgar, May 2011, 336 p. ISBN 1849804796 (coll. The Loyola De Palacio Series on European Energy Policy) http://www.e-elgar.co.uk/g_emag.lasso?ebook13isbn=9781849804806&title=Competition,%20Contracts%20And%20Electricity%20Markets This book fills a gap in the existing literature by dealing with seve..
Capacity Mechanisms in the EU Energy Market : Law, Policy, and Economics
No full textCapacity Mechanisms in the EU Energy Market : Law, Policy, and Economics / Edited by Leigh Hancher, Adrien de Hauteclocque, and Malgorzata Sadowska. Oxford University Press, September 2015, 448 p. - ISBN 978-0-19-874925-7 - £145 http://ukcatalogue.oup.com/product/9780198749257.do Présentation (© OUP) : The first point of reference for a practical and theoretical study of energy capacity mechanisms Discusses capacity mechanisms from legal, economic, and policy perspectives Includes eleven co..
Capacity to compete: recent trends in access regimes in electricity and natural gas networks
No full textCapacity to compete: recent trends in access regimes in electricity and natural gas networks / Adrien de Hauteclocque, Kim Talus. Robert Schuman Centre for Advanced Studies, 2011, 31 p. (EUI working papers ; RSCAS 2011/09) http://cadmus.eui.eu/bitstream/handle/1814/15796/RSCAS_2011_09.pdf Ensuring access to a truly ‘European’ energy grid for every consumer and supplier in the European Union is a core objective of the single market project. From the first wave of liberalization directives ..
Law & economics perspectives on electricity regulation
No full textLaw & economics perspectives on electricity regulation / Adrien de Hauteclocque, Yannick Perez. Robert Schuman Centre for Advanced Studies, 2011, 32 p. (EUI working papers ; RSCAS 2011/21) http://cadmus.eui.eu/bitstream/handle/1814/16355/RSCAS_2011_21.pdf This paper first reviews some of the main contributions of the new institutional economics to the analysis of the process of competitive transformation of network industries. It shows that neoinstitutional analysis is complementary to the m..
Efficiency, Competition and Long-term Contracts in Electricity Markets: Summary and Conclusions of the Workshop Organized by the GIS LARSEN and the Loyola de Palacio Program of the European University Institute, Florence, 15–16 January 2009
No full textLegal uncertainty and competition policy: The case of long-term vertical contracting by dominant firms in the EU electricity markets
No full text
- …
