Economic Characteristics of the EU Electricity Sector PDF Download

Author: Katarzyna Skrobot
Publisher: GRIN Verlag
ISBN: 365608324X
Category : Business & Economics
Languages : en
Pages : 10

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Book Description
Essay from the year 2009 in the subject Business economics - Supply, Production, Logistics, grade: 2, , language: English, abstract: In early 90 ́s all transition countries started with economic reforms in infrastructure services, changed the centralized organization of monopolistic infrastructure utilities and introduced marketoriented structures and public regulation. Electricity sector is specific because of its high macroeconomic significance that arises from its substantial contribution to GDP, which directly employs important amounts of capital, labor and other resources, and indirectly impacts the efficiency and competitiveness of most firms and economy as a whole through the quality and price of the electricity. Before whole reform process started, economies in EU were dealing with monopolies and natural monopolies.

Author: Christiaan Vrolijk
Publisher: Chatham House (Formerly Riia)
ISBN:
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
The electricity sector is one of the largest carbon emitters in Europe. To control these emissions, economic instruments such as emissions trading, taxes and various voluntary agreements are increasingly being considered. However, electricity systems in Europe are diverse between different countries, appropriate policies may differ widely, and similar instruments may have different effects in different countries. This study aims first to define the various economic policy instruments being used or considered in the electricity sector, including the point of application and protection measures such as border adjustments. Secondly, it describes the main characteristics of the major European electricity sectors, including the different generation mixes and options, and divergent policy cultures. Thirdly, conclusions are drawn concerning the instruments likely to be developed, both on national and EU level, their potential impact, and the potential interactions of different instruments within and between countries, including issues relating to international electricity and emissions trading.

Author: Janusz Bielecki
Publisher: Kluwer Law International B.V.
ISBN: 9041122796
Category : Law
Languages : en
Pages : 374

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Book Description
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.

Author: A. Midttun
Publisher: Elsevier
ISBN: 008053127X
Category : Science
Languages : en
Pages : 355

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Book Description
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.

Author: Béatrice Cointe
Publisher: Springer
ISBN: 3319763210
Category : Social Science
Languages : en
Pages : 143

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Book Description
This book is a sociological account of the historical trajectory of feed-in tariffs (FITs) as an instrument for the promotion of renewable energy in Europe. Chapters analyse the emergence and transformations of feed-in tariffs as part of the policy arsenal developed to encourage the creation of markets for RES-E in Europe. The authors explore evolving conceptions of renewable energy policy at the intersection between environmental objectives, technological change and the ambition to liberalise the internal electricity market. They draw conclusions on the relationships between markets and policy-making as it is instituted in the European Union, and on the interplay between the implementation of a European vision on energy and national politics. Distinctive in both its approach and its methods the books aim is not to discuss the design of feed-in tariffs and their evolution, nor is it to assess their efficiency or fairness. Instead, the authors seek to understand what makes feed-in tariffs what they are, and how this has changed over time.

Author: Jean-Michel Glachant
Publisher: Edward Elgar Publishing
ISBN: 1848446055
Category : Business & Economics
Languages : en
Pages : 383

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Book Description
. . . 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.

Author: Leigh Hancher
Publisher: Oxford University Press
ISBN: 0192849808
Category :
Languages : en
Pages : 513

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Book Description
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.

Author: Nicolai Westsee
Publisher: GRIN Verlag
ISBN: 3656620997
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
Seminar paper from the year 2013 in the subject Economics - Case Scenarios, grade: 2,0, University of Hannover, language: English, abstract: The main goal of this term paper is to give an overview about differences within the European market and their advantages and disadvantages. Additionally the historical development of energy markets and the future perspective, influenced by the development of the renewables shall be pointed out. The next part, after this introduction, is about the historical development of the electric power market in Europe with a focus on the German market liberalization. In section three, the two different market models Open-Market model and Pool-Market model are discussed. After an explanation and a comparison of the two models, the trend towards renewables is taken into account. The focus lays on the development, the integration into the different existing electricity-markets in Germany and Spain and on their impacts on these markets. Based on a study of Makkonen et al. from 2012, published in the journal Energy Policy an extensive outlook in future requirements, changes and possibilities of the development of a single European Electricity Market, this term paper will be concluded.

Author: Natascha Ljubic
Publisher: GRIN Verlag
ISBN: 3638702685
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
Bachelor Thesis from the year 2004 in the subject Economics - Case Scenarios, grade: 1 (A), Vienna University of Economics and Business (New Media Lab), course: Baccalaureut Work, language: English, abstract: The liberalization of the European electricity market is supposed to reduce electricity prices by opening up to competition and by promoting integration of the common European market. Deregulation allows energy consumers to choose their electric energy supplier and therefore dissolves electric utility monopolies. The resulting re-regulation and restructuring of the electricity industry has created oppor-tunities and challenges that need to be addressed to ensure long-term capacity sustainability. The promise and benefit expectations of electricity market liberalization may need to be tempered by the reality of the process. Market liberalization of the electricity supply sector depends on many different factors and boundary conditions in the EU. In order to analyze these issues, we will use Austria as an example showing the development in liberalization, deregulation, and even re-regulation processes and the impact on the industry structure and final consumer pricing. Given the industry structure, incentives to invest in the Austrian transmission and distribution networks remain to be established. We will show that high inflexible taxes and monopoly protected transmission costs, both together account for 80% of the price of electricity. Moreover, only 20% of the electricity market is liberalized and thus any price reductions due to the liberalization of the market will be minimal and therefore possibly "non existent" in Austria.

Author: Maciej M Sokołowski
Publisher: Routledge
ISBN: 1317332113
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
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.