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.
Download or read book EU Energy Law EU competition law and energy markets written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book European Energy Law and Policy written by Heiko Krüger and published by Edward Elgar Publishing. This book was released on 2016-09-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: EU energy law and policy have become more and more complex in recent years. Today these areas feature a multitude of layers concerning not only regulation of the power industry, but also security of energy supply, climate change, consumer needs and technical innovation. This textbook serves as an introduction to this distinctive field. For readers without much experience with the EU, the author provides a separate chapter which outlines the institutional structure and functioning of the European Union in the field of energy policy. Tables of key court decisions and key legislation, review questions and further reading lists ultimately help to give readers a lasting impression of one of the most vibrant fields of EU law and policy.
Download or read book Eu Energy Law written by Emmanuel Cabau and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This third edition incorporates the conclusions and consequences of the Sectoral Energy Competition Enquiry. The new edition contains an entirely reworked section on anti-competitive agreements and practices, written by Lars Kjolbye, who led of the unit in charge of anti-trust in the energy sector of the European Commission. The book further examines in detail the developments in individual case concerning long-term capacity reservation and sales/purchase agreements. It also considers recent developments on cases concerning collusion on price and quantity restrictions. The book looks thoroughly at the consequences of the sectoral enquiry on abuse of a dominant position, particularly regarding discrimination in network access. The section on merger control is revised to take account of developments in the methodology in defining markets and defining dominance/significant impediment of competition from the sectoral enquiry. Furthermore, it updates the state aid section to take account of new decisions on renewable support schemes and security of supply. Contents include: the definition of the relevant market in the energy sectors * cartels * joint sales and production agreements * capacity reservation agreements * long term purchase agreements * territorial restrictions and destination clauses * the abuse of a dominant position * mergers and acquisitions in the energy sector * state aid * state guarantees * renewable support schemes * stranded costs * public service obligations.
Download or read book EU Energy Law written by Christopher W. Jones and published by . This book was released on 2005 with total page 822 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book EU Energy Law written by Leigh Hancher and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Présentation de l'éditeur : "This fourth edition incorporates the numerous changes since the previous edition in 2011; including an entirely reworked section on anti-competitive agreements and practices, an update of all new merger decisions as well as abuse of dominance. Furthermore, the new edition will include a detailed update and explanation of the major developments on state aid, with the publication of new Guidelines applicable inter alia to renewable energy support schemes, introducing major reform and key decisions, such as the one on the UK Hinkley Point nuclear reactor."
Download or read book EU Energy Law and Policy written by Kim Talus and published by OUP Oxford. This book was released on 2013-09-05 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical overview of European Union energy law and policy, this book takes a law-in-context approach as it examines the development of EU energy law from the 1950s to the present day. It discusses the development of EU energy law; the application of general EU law into energy; the regulation of EU energy markets; international aspects of EU energy law; and policy, sustainability, and energy regulation. Presenting an up-to-date overview of EU energy law and policy and a critical analysis of its sub-areas, the book extends the discussion from electricity and natural gas markets to other areas of energy, including oil. This holistic approach to the subject is then placed within the broader context of the international geopolitical sphere which EU energy law and policy operates, as the author considers the impact of regional and international energy policies and markets on the EU markets and the overall EU policy. He also draws on the wider context and takes into account non-legal factors such as the impact of unconventionals, the rise of the BRICS, and the 'Arab spring'. The book frames EU energy law as a topic that can provoke intellectual, political, and professional discussion about the slowly moving train of economic regulation under the typical pressures and contradictions of countries and the European Union in the global economy.
Download or read book EU Energy Law Volume II EU Competition Law and Energy Markets written by Adrien de Hauteclocque and published by . This book was released on 2019-10-23 with total page 1450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition policy continues to evolve rapidly in the energy sector, in line with the speed of change in energy markets. As markets decarbonise, new competition challenges develop, as 'traditional' hydrocarbons industries contract and renewables ones explode. Markets are changing, and competition policy with it. The new edition reflects these changes The Commission continued to enforce competition law vigorously in the energy sector. The Gazprom case was brought to an end with the acceptance of commitments aimed to address the Commission's main concerns, including market segmentation, excessive pricing and potential competitive distortions in the development of gas infrastructure. Other cases were concluded as well, such as the Commission's investigation into access to key natural gas infrastructure in Bulgaria, leading to fines being imposed on the incumbent gas operator. Further, the Commission launched an investigation into restrictions to the free flow of gas sold by Qatar Petroleum in Europe. On the mergers side, the acquisition of Uniper by Fortum, two important electricity suppliers in the Nordic region was cleared unconditionally, not least because of the high level of interconnectivity between different countries in the Nordic area, indicating a step-change in market definition. RWE's acquisition of E.ON electricity generation assets was also approved. An in depth review of E.ON's proposed acquisition of RWE's Innogy is now ongoing. Finally, we saw a remarkable amount of activity in the field of State Aid. The Commission finalised its sector inquiry on capacity mechanisms, looking at 35 existing or planned mechanisms in 11 Member States. The final report was published at the end of 2016, together with legislative proposals on the 'Clean Energy for All' package. Renewable energy schemes continued to throw up new challenges. Specific capacity mechanisms were approved in several Member States over this period. Transparent, balanced, market oriented enforcement of State Aid rules will be key in pursuing the transition to a decarbonised energy model, so this important area will continue to attract attention over the coming years. The new edition is an essential reference work for all practitioners and academics in the area. It has established itself as the leading work on competition and energy.
Download or read book Introduction to EU Energy Law written by Kim Talus and published by Oxford University Press. This book was released on 2016-09-15 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an introduction to students on the most essential elements of EU energy law and policy, this volume will be the go-to text for those seeking knowledge of EU energy regulation and its objectives, as well as an overview of energy law. Specific topics will cover the content of sector-specific energy regulation, the application and impact of general EU law on energy markets, third party access, unbundling, investment in cross-border networks, energy trading and market supervision, the application of general EU competition law on energy markets, the impact of free movement provisions, and the application of state aid rules. A structured, step by step guide through the fundamental areas of EU energy law.
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
Download or read book Legal and Regulatory Framework of European Energy Markets written by Cansu D. Burkhalter and published by Tectum Wissenschaftsverlag. This book was released on 2020-03-18 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the beginning of the 1990s, Europe has been struggling to establish a competitive as well as a fully integrated internal energy market. Until the early 1990s, the European energy markets consisted of national monopolies possessing vertically integrated structures. They were also still nationally segregated. Since, the EU has made the decision to open European energy markets to competition and subsequently establish an internal energy market. The European energy markets are currently controlled by a dual structure consisting of two different regulatory frameworks: competition law and sector-specific regulations. The primary goal of these legal instruments is the establishment of an internal energy market. This book aims at analysing the development of the European energy markets and policies from the perspective of competition law as well as sector-specific regulations and, hence, identifying the problems regarding the introduction of competition into the energy markets.
Download or read book EU Competition Law and Energy Markets written by Emmanuel Cabau and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This completely revised and reworked second edition: incorporates the conclusions and consequences of the Sectoral Energy Competition Enquiry u contains an entirely reworked section on anti-competitive agreements and practices u examines in detail the developments in individual cases concerning long-term capacity reservation and sales/purchase agreements u considers recent developments on cases concerning collusion on price and quantity restrictions u looks into detail at the consequences of the Sectoral enquiry on abuse of a dominant position, particularly regarding discrimination in network access u revises the section on merger control to take account of developments in the methodology in defining markets and defining dominance/significant impediment of competition from the Sectoral enquiry u includes major new merger cases u updates the State Aid section to take account of new decisions on renewable support schemes and security of supply.
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.
Download or read book EU ENERGY LAW written by LEIGH. HANCHER and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 2022-10-27 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.
Download or read book The Internal Energy Market written by Christopher W. Jones and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: European energy markets are undergoing rapid and fundamental change. Last year alone the Council and Parliament adopted the second energy liberalisation package, including the new electricity and gas Directives and the electricity Regulation. In addition, the Commission tabled new Directives on Security of Supply and a draft gas Regulation. This is affecting markets not only in the European Union, but throughout Europe, the Mediterranean, the Balkans and Russia. These changes have affected not only energy law. Community competition law in the energy sector has been evolving quickly, reacting to the restructuring of the markets, and the new commercial partnerships that result.
Download or read book Capacity Mechanisms in EU Energy Law written by Kaisa Huhta and published by Kluwer Law International B.V.. This book was released on 2019-07-17 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many states – including European Union (EU) Member States – subsidise energy producers in order to guarantee the uninterrupted availability of affordable electricity. This book presents the first in-depth examination of how these so-called capacity mechanisms are addressed in EU law and how they affect the functioning of the EU energy markets. Focusing on the existing legal framework as well as the new provisions of the Clean Energy for All Europeans package for capacity mechanisms, the author addresses and analyses such aspects as the following: the structure and functioning of the EU electricity markets; EU’s competence to address security of supply and Member States’ margin of discretion; sector-specific rules for security of supply; legal conditions for subsidising generation adequacy; capacity remuneration under the EU State aid regime; free movement rules that address generation adequacy measures; balancing different interests of EU energy law in the context of generation adequacy; and the requirement of proportionality in State intervention to ensure generation adequacy. The analysis draws on relevant sources of EU law (treaties, regulations and directives) as well as the case law of the European Court of Justice and the General Court, together with soft law instruments such as Commission guidelines. Scholarly sources include not only legal literature but also work on energy policy, energy engineering and energy economics. As a detailed analysis of how capacity mechanisms address issues arising in the context of the enegy transition – and how the system of EU law applicable to capacity mechanisms should be interpreted to further the objectives of EU energy law – the book will help policymakers and legislators in Member States to understand the changing legal setting for capacity mechanisms. Lawyers, academics and other professionals who deal with EU electricity markets in the EU and beyond are sure to welcome its detailed description and analysis.
