Capacity Mechanisms In The Eu Energy Markets

Author : Leigh Hancher,Adrien de Hauteclocque,Kaisa Huhta,Malgorzata Sadowska
Publisher : Oxford University Press
Page : 513 pages
File Size : 48,8 Mb
Release : 2022-10-27
Category : Electronic
ISBN : 9780192849809

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Capacity Mechanisms in the EU Energy Markets by Leigh Hancher,Adrien de Hauteclocque,Kaisa Huhta,Malgorzata Sadowska Pdf

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 : Leigh Hancher,Adrien de Houteclocque,Malgorzata Sadowska
Publisher : Oxford University Press, USA
Page : 443 pages
File Size : 50,7 Mb
Release : 2015
Category : Law
ISBN : 9780198749257

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Capacity Mechanisms in the EU Energy Market by Leigh Hancher,Adrien de Houteclocque,Malgorzata Sadowska Pdf

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.--

Author : Leigh Hancher,Adrien De Hauteclocque,Kaisa Huhta,Małgorzata Sadowska
Publisher : Unknown
Page : 0 pages
File Size : 41,9 Mb
Release : 2022
Category : Energy security
ISBN : 0192666665

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Capacity Mechanisms in EU Energy Markets by Leigh Hancher,Adrien De Hauteclocque,Kaisa Huhta,Małgorzata Sadowska Pdf

Author : Kaisa Huhta
Publisher : Kluwer Law International B.V.
Page : 343 pages
File Size : 54,6 Mb
Release : 2019-07-17
Category : Law
ISBN : 9789403514536

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Capacity Mechanisms in EU Energy Law by Kaisa Huhta Pdf

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.

Author : Leonardo Meeus
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 41,8 Mb
Release : 2020-11-27
Category : Business & Economics
ISBN : 9781789905472

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The Evolution of Electricity Markets in Europe by Leonardo Meeus Pdf

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.

Author : Florian Ermacora,Christopher Jones
Publisher : Unknown
Page : 0 pages
File Size : 50,6 Mb
Release : 2020-03-30
Category : Antitrust law
ISBN : 9077644695

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Eu Energy Law Volume XII - Electricity Market Design in the European Union by Florian Ermacora,Christopher Jones Pdf

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.

Author : Leigh Hancher,Adrien de Hauteclocque,Kaisa Huhta,Malgorzata Sadowska
Publisher : Oxford University Press
Page : 513 pages
File Size : 40,8 Mb
Release : 2022-10-13
Category : Law
ISBN : 9780192666673

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Capacity Mechanisms in the EU Energy Markets by Leigh Hancher,Adrien de Hauteclocque,Kaisa Huhta,Malgorzata Sadowska Pdf

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 : Christopher Jones
Publisher : Unknown
Page : 0 pages
File Size : 41,5 Mb
Release : 2020-04-30
Category : Electronic
ISBN : 9077644652

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EU Energy Law Volume I, the Internal Energy Market by Christopher Jones Pdf

This book was originally published by Claeys and Casteels, now formally part of Edward Elgar Publishing. Since the publication of the Fourth Edition in 2016 the EU's internal gas and electricity legislative framework has continued to develop quickly: A whole series of new Grid Codes have been adopted, including those on Capacity Allocation and, Congestion Management, on forward capacity allocation, on electricity balancing (EB), emergency and restoration, and on electricity transmission system operation. The Gas Directive has been amended, to bring pipelines connecting into the European system under the Internal Market rules on unbundling, regulated tariffs and third party access. The 'Electricity Market Design' package has been adopted, implementing new rules on balancing, capacity mechanisms, demand response, storage, the rights of consumers to participate in the electricity market and the powers and responsibilities of ACER. New exemption decisions for new infrastructure These changes mark a major evolution in the EU's Internal Market, as it pioneers the way towards a zero-carbon electricity system. The new volume continues to provide the standard industry reference work in this area, written by some of the key Commission Officials responsible for these developments, together with leading industry practitioners and academics.

Author : Stefan Speck,Machiel Mulder
Publisher : Unknown
Page : 128 pages
File Size : 51,5 Mb
Release : 2003
Category : Competition
ISBN : IND:30000086906447

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Competition on European Energy Markets by Stefan Speck,Machiel Mulder Pdf

Author : Adrien de Hauteclocque,Leigh Hancher,Valérie Landes,Lars Kjolbye,Francesco Maria Salerno,Lena Sandberg
Publisher : Unknown
Page : 1450 pages
File Size : 43,6 Mb
Release : 2019-10-23
Category : Antitrust law
ISBN : 9077644679

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EU Energy Law Volume II, EU Competition Law and Energy Markets by Adrien de Hauteclocque,Leigh Hancher,Valérie Landes,Lars Kjolbye,Francesco Maria Salerno,Lena Sandberg Pdf

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.

Author : Thomas Cottier,Ilaria Espa
Publisher : Cambridge University Press
Page : 509 pages
File Size : 44,7 Mb
Release : 2017-06
Category : Law
ISBN : 9781107163348

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International Trade in Sustainable Electricity by Thomas Cottier,Ilaria Espa Pdf

This book explores the regulatory challenges posed by the changing landscape of electricity trade to the multilateral trading system.

Author : Petri Mäntysaari
Publisher : Springer
Page : 0 pages
File Size : 54,8 Mb
Release : 2016-10-09
Category : Law
ISBN : 3319368397

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EU Electricity Trade Law by Petri Mäntysaari Pdf

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.

Author : Peter D. Cameron,Peter Cameron,Raphael J. Heffron
Publisher : Oxford University Press, USA
Page : 0 pages
File Size : 51,7 Mb
Release : 2016
Category : Law
ISBN : 019874322X

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Legal Aspects of EU Energy Regulation by Peter D. Cameron,Peter Cameron,Raphael J. Heffron Pdf

An essential and practical guide to the energy laws and regulations of the European Union (EU), fully updated to cover the latest expansion of the EU, the effects of the financial crisis, and new developments in renewable energy.

Author : Manfred Hafner,Simone Tagliapietra
Publisher : Springer Nature
Page : 398 pages
File Size : 46,8 Mb
Release : 2020-06-09
Category : Political Science
ISBN : 9783030390662

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The Geopolitics of the Global Energy Transition by Manfred Hafner,Simone Tagliapietra Pdf

The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.

Author : Reinhard Haas,Lutz Mez,Amela Ajanovic
Publisher : Springer
Page : 385 pages
File Size : 54,9 Mb
Release : 2019-01-01
Category : Agriculture (General)
ISBN : 9783658259877

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The Technological and Economic Future of Nuclear Power by Reinhard Haas,Lutz Mez,Amela Ajanovic Pdf

This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased. Contents History and Current Status of the World Nuclear Industry The Dramatic Decrease of the Economics of Nuclear Power Nuclear Policy in the EU The Legacy of Csernobyl and Fukushima Nuclear Waste and Decommissioning of Nuclear Power Plants Alternatives: Heading Towards Sustainable Electricity Systems Target Groups Researchers and students in the fields of political, economic and technical sciences Energy (policy) experts, nuclear energy experts and practitioners, economists, engineers, consultants, civil society organizations The Editors Prof. Dr. Reinhard Haas is University Professor of energy economics at the Institute of Energy Systems and Electric Drives at Technische Universität Wien, Austria. PD Dr. Lutz Mez is Associate Professor at the Department for Political and Social Sciences of Freie Universität Berlin, Germany. PD Dr. Amela Ajanovic is a senior researcher and lecturer at the Institute of Energy Systems and Electrical Drives at Technische Universität Wien, Austria.--