Capacity Withdrawals In The Electricity Wholesale Market

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Capacity Withdrawals in the Electricity Wholesale Market

Panagiotis Tsangaris
Capacity Withdrawals in the Electricity Wholesale Market Book PDF

Author : Panagiotis Tsangaris
Publisher : Springer
Page : 208 pages
File Size : 55,9 Mb
Release : 2017-08-30
Category : Law
ISBN : 9783662555132

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Capacity Withdrawals in the Electricity Wholesale Market by Panagiotis Tsangaris Pdf

This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market.

The Economics of Electricity Markets

Clara Poletti
The Economics of Electricity Markets Book PDF

Author : Clara Poletti
Publisher : Edward Elgar Publishing
Page : 235 pages
File Size : 54,5 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9780857933966

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The Economics of Electricity Markets by Clara Poletti Pdf

The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US. The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets 'special'. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.

Routledge Handbook of Energy Law

Tina Hunter,Ignacio Herrera,Penelope Crossley,Gloria Alvarez
Routledge Handbook of Energy Law Book PDF

Author : Tina Hunter,Ignacio Herrera,Penelope Crossley,Gloria Alvarez
Publisher : Routledge
Page : 721 pages
File Size : 47,8 Mb
Release : 2020-04-27
Category : Law
ISBN : 9780429835063

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Routledge Handbook of Energy Law by Tina Hunter,Ignacio Herrera,Penelope Crossley,Gloria Alvarez Pdf

The Routledge Handbook of Energy Law provides a definitive global survey of the discipline of Energy Law, capturing the essential and relevant issues in Energy today. Each chapter is written by a leading expert, and provides a contemporary overview of a significant area within the field. The book is divided into six geographical regions based on continents, with a separate section on Russia, an energy powerhouse that straddles both Europe and Asia. Each section contains highly topical chapters from authors who address a number of core themes in Energy Law and Regulation: • Energy security and the role of markets • Regulating the growth of renewable energy • Regulating shifts in traditional forms of energy • Instruments in regulating disputes in energy • Impact of energy on the environment • Key issues in the future of energy and regulation. Offering an analysis of the full spectrum of current issues in Energy Law, the Routledge Handbook of Energy Law is an essential resource for advanced students, researchers, academics, legal practitioners and industry experts. Chapter 12 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Market Design Powers of the European Commission?

Korbinian Reiter
Market Design Powers of the European Commission Book PDF

Author : Korbinian Reiter
Publisher : Springer Nature
Page : 578 pages
File Size : 52,9 Mb
Release : 2020-02-06
Category : Law
ISBN : 9783662607114

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Market Design Powers of the European Commission? by Korbinian Reiter Pdf

This book provides a comprehensive analysis of the remedies practice the European Commission has adopted on the basis of articles 7 and 9 of regulation 1/03. Using article 7 as a normative benchmark, it shows that most of the criticism levelled at the Commission's article 9 decisions and the Alrosa judgment of the CJEU is not justified, since critics tend to over-state both the rigour of article 7 and the laxness of article 9. Remaining inconsistencies between the commitment practice and the standards for infringement decisions can, it is submitted, be justified by the consensual nature of commitment decisions and their underlying goal of procedural economy. Moreover, it is suggested that too little importance is generally assigned to the beneficial effect which commitments bring about by providing for precise and enforceable obligations without sacrificing the concerned undertakings’ freedom to choose how to put the infringement to an end. Adopting a case-oriented approach, this study provides valuable insights for academics and practitioners alike.

Abuse of Dominance in EU Competition Law

Pier Luigi Parcu,Giorgio Monti,Marco Botta
Abuse of Dominance in EU Competition Law Book PDF

Author : Pier Luigi Parcu,Giorgio Monti,Marco Botta
Publisher : Edward Elgar Publishing
Page : 208 pages
File Size : 52,6 Mb
Release : 2017-02-24
Category : BUSINESS & ECONOMICS
ISBN : 9781785367625

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Abuse of Dominance in EU Competition Law by Pier Luigi Parcu,Giorgio Monti,Marco Botta Pdf

Granting rebates to a customer or refusing to supply a competitor are examples of ordinary commercial practices, which become ‘abusive’ under Article 102 of the Treaty on the Functioning of the EU (TFEU) when carried out by ‘dominant’ firms. This topical book provides an up-to-date account of the emerging trends in the enforcement and interpretation of this provision at both the EU and national level.

Ex Post Economic Evaluation of Competition Policy

Fabienne Ilzkovitz
Ex Post Economic Evaluation of Competition Policy Book PDF

Author : Fabienne Ilzkovitz
Publisher : Kluwer Law International B.V.
Page : 546 pages
File Size : 49,5 Mb
Release : 2020-05-18
Category : Law
ISBN : 9789403512822

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Ex Post Economic Evaluation of Competition Policy by Fabienne Ilzkovitz Pdf

Competition authorities are increasingly interested in understanding the impact of their activities on markets and consumers. The goal is to improve competition policy rules and decision-making practices and to get robust evidence on the benefits of competition and competition policy for society as a whole. Discussions with competition authorities, practitioners and academics have shown the need to take stock of the experience gained in this field by the European Commission and to present it in an easily accessible way. The studies collected in this volume – prepared by senior Commission officials and competition policy experts – range from the ex post evaluation of specific policy interventions to the assessment of the broader impact of competition policy. The issues and topics examined include the following: objectives and scope of evaluations by the European Commission; description of counterfactual evaluation techniques used; conditions for a successful ex post evaluation of a competition policy intervention; a wide selection of individual cases covering a variety of economic sectors; applications in merger control, antitrust and State aid; direct benefits of competition policy interventions for consumers; deterrent effects of such interventions on market participants; and macroeconomic outcomes in terms of job creation, productivity and GDP growth. This matchless book assembles within a single volume all that is needed for competition policy analysts and practitioners to undertake ex post economic evaluations. While its collection of state-of-the-art ex post evaluation studies has a clear value for competition authorities, it is sure to be welcomed as well by competition law practitioners in the private sector, who will greatly appreciate the effort made to cast a critical eye on decisions taken in the past. Moreover, it allows for addressing some of the new challenges facing competition policymakers. Fabienne Ilzkovitz is Principal Advisor responsible for the economic evaluation of competition policy within the Directorate-General for Competition of the European Commission, and since 2014, she has coordinated various ex post evaluation projects in the Directorate-General. She is also Associate Professor of Economics in the Solvay Brussels School of Economics and Management at the Université Libre de Bruxelles, Belgium. Adriaan Dierx is Senior Expert on ex post economic evaluation within the Directorate-General for Competition of the European Commission. He has managed a number of studies aimed at assessing the economic impact of the European Commission’s competition policy interventions.

Micro and Local Power Markets

Andreas Sumper
Micro and Local Power Markets Book PDF

Author : Andreas Sumper
Publisher : John Wiley & Sons
Page : 282 pages
File Size : 47,7 Mb
Release : 2019-07-22
Category : Technology & Engineering
ISBN : 9781119434504

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Micro and Local Power Markets by Andreas Sumper Pdf

Introduces readers to micro and local power markets and their use for local initiatives, grid integration, and future applications This book provides the basis for understanding micro power markets, emphasizing its application for local initiatives, the grid integration of renewable-based generation, and facilitating the decarbonization of the future electrical networks. It gives readers a comprehensive overview of the market operation, and highlights the basis of the design of local and micro markets. Micro and Local Power Markets starts by covering the economics and basic principle of power markets, including the fundamentals of the power trading (for both wholesale and local markets). Following a definition of both micro and local (technical and economic aspects) power markets, the book then looks at the organization of such markets. It describes the design of those power markets, isolated from the wholesale markets, and examines the methodologies of the interaction between these power markets and wholesale markets. The book also presents cognitive business models for micro and local power markets, as well as the regulatory issues concerning them. Introduces the basic principle of power markets Defines micro and local power markets Outlines the design of micro and local power markets, including the principles, as well as the trading schemes, flexibility, and services Discusses methodologies of the interaction between micro and local power markets and wholesale markets Presents business models for micro and local power markets Summarizes regulatory issues around micro and local power markets Micro and Local Power Markets is an ideal book for upper undergraduate students in engineering, as well as for early researchers in the energy sector. It is also recommended for any scientist and engineer being introduced to the field of power systems and their organization.

Legal and Regulatory Framework of European Energy Markets

Cansu D. Burkhalter
Legal and Regulatory Framework of European Energy Markets Book PDF

Author : Cansu D. Burkhalter
Publisher : Tectum Wissenschaftsverlag
Page : 309 pages
File Size : 42,8 Mb
Release : 2020-03-18
Category : Law
ISBN : 9783828874404

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Legal and Regulatory Framework of European Energy Markets by Cansu D. Burkhalter Pdf

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.

Research Handbook on Abuse of Dominance and Monopolization

Pınar Akman,Or Brook,Konstantinos Stylianou
Research Handbook on Abuse of Dominance and Monopolization Book PDF

Author : Pınar Akman,Or Brook,Konstantinos Stylianou
Publisher : Edward Elgar Publishing
Page : 483 pages
File Size : 43,8 Mb
Release : 2023-01-20
Category : Law
ISBN : 9781839108723

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Research Handbook on Abuse of Dominance and Monopolization by Pınar Akman,Or Brook,Konstantinos Stylianou Pdf

This Research Handbook offers a comprehensive and state-of-the-art collection on the competition law (antitrust) prohibition of abuse of a dominant position and monopolization. It draws from the long and influential traditions of leading jurisdictions such as the European Union and the United States to analyse applicable rules and policy in these jurisdictions. It also takes a comparative approach to identify common threads and differences.

The Interaction of Competition Law and Sector Regulation

Pier L. Parcu,Giorgio Monti,Marco Botta
The Interaction of Competition Law and Sector Regulation Book PDF

Author : Pier L. Parcu,Giorgio Monti,Marco Botta
Publisher : Edward Elgar Publishing
Page : 289 pages
File Size : 50,8 Mb
Release : 2022-11-04
Category : Law
ISBN : 9781800888708

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The Interaction of Competition Law and Sector Regulation by Pier L. Parcu,Giorgio Monti,Marco Botta Pdf

This insightful book discusses the interaction of sector-specific regulation and competition policy. In particular, it identifies emerging trends and reflects on the nature of network regulation in the energy and telecom industries.

Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law

Huseyin Cagri Corlu
Application of Anti manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law Book PDF

Author : Huseyin Cagri Corlu
Publisher : Kluwer Law International B.V.
Page : 314 pages
File Size : 53,6 Mb
Release : 2018-06-05
Category : Law
ISBN : 9789041196040

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Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law by Huseyin Cagri Corlu Pdf

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.

Competition Market Study of Ukraine’s Electricity Sector

OECD
Competition Market Study of Ukraine s Electricity Sector Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 145 pages
File Size : 45,6 Mb
Release : 2023-06-30
Category : Electronic
ISBN : 9789264643949

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Competition Market Study of Ukraine’s Electricity Sector by OECD Pdf

This market study analyses Ukraine’s electricity sector from a competition perspective. It provides a detailed description and assessment of the regulatory framework within which the Ukrainian electricity markets operate, as well as an analysis of the obstacles to competition in the wholesale and retail markets.

Russian Electricity and Energy Investment Law

Anatole Boute
Russian Electricity and Energy Investment Law Book PDF

Author : Anatole Boute
Publisher : BRILL
Page : 803 pages
File Size : 44,8 Mb
Release : 2015-08-20
Category : Law
ISBN : 9789004203280

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Russian Electricity and Energy Investment Law by Anatole Boute Pdf

This book analyzes the regulatory framework that Russia has developed to attract private capital and technology in the modernization of the electricity infrastructure. Comparing Russian and EU electricity law, the book identifies regulatory risks and examines investors’ protection under Russian and international investment law.

European Competition Law Annual 2012

Philip Lowe,Mel Marquis
European Competition Law Annual 2012 Book PDF

Author : Philip Lowe,Mel Marquis
Publisher : Bloomsbury Publishing
Page : 686 pages
File Size : 41,8 Mb
Release : 2014-10-31
Category : Law
ISBN : 9781849468312

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European Competition Law Annual 2012 by Philip Lowe,Mel Marquis Pdf

This volume contains papers presented at the 17th Annual EU Competition Law and Policy Workshop, organized by Philip Lowe and Mel Marquis and held at the European University Institute on 13-14 July 2012. From a variety of angles the book explores the themes of competition, regulation and certain public policies; their interactions; and, in some cases, their mutual tensions. The authors of the various chapters consider legal and economic issues relating to network industries, industrial, environmental and trade policies, and intellectual property and innovation policies, among others. Comparative views and the views of judges from different jurisdictions are provided, and techniques for mediating among different policy objectives and frameworks are discussed. Authors contributing to this book include: Rafael Allendesalazar, Robert D Anderson, Marco Boccaccio, Ginevra Bruzzone, Cristina Caffarra, Alexandre de Streel, Ian Forrester, Douglas Ginsburg, Geert Goeteyn, Calvin Goldman, Daniel Haar, Küllike Jürimäe, Suzanne Kingston, Lars Kjølbye, Paul Lugard, Mel Marquis, Veljko Milutinovic, Giorgio Monti, Anna Caroline Müller, Rosa Perna, Anthony Pygram, Philip Lowe, Pierre Régibeau and Jon Stern.

Nuclear Economy 2

Jacques Percebois,Nicolas Thiolliere
Nuclear Economy 2 Book PDF

Author : Jacques Percebois,Nicolas Thiolliere
Publisher : John Wiley & Sons
Page : 276 pages
File Size : 41,5 Mb
Release : 2024-01-18
Category : Technology & Engineering
ISBN : 9781789450958

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Nuclear Economy 2 by Jacques Percebois,Nicolas Thiolliere Pdf

This book presents the factual, precise, complete and accessible economic elements of nuclear energy in order to contribute to an informed and dispassionate debate. It analyzes the economic aspects of spent fuel management, including the costs and financing of long-term storage and deep geological disposal. The economic costs of a nuclear accident are also discussed from both theoretical and applied angles, based on the Fukushima nuclear disaster. Nuclear Economy 2 also examines the industrial and political aspects of the future energy mix. Nuclear energy is thus placed in the more global context of the European electricity market. Finally, this book offers a panorama of energy scenarios on the scale of France, but also of the world.