dc.contributor.author | DE HAUTECLOCQUE, Adrien | |
dc.contributor.author | TALUS, Kim | |
dc.date.accessioned | 2011-02-24T15:25:05Z | |
dc.date.available | 2011-02-24T15:25:05Z | |
dc.date.issued | 2011 | |
dc.identifier.issn | 1028-3625 | |
dc.identifier.uri | https://hdl.handle.net/1814/15796 | |
dc.description.abstract | 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
up until the ‘draft’ framework guidelines of September 2010 on capacity allocation and congestion
management being prepared by ERGEG on behalf of the new Agency for the Cooperation of Energy
Regulators (ACER), the objective of the access regime in both sector is similar: to creating capacity to
compete. The objective of this paper is to review and compare from a legal point of view the evolution
of the EU access regime in the electricity and gas sectors. We find strong similarities for two
otherwise very different sectors, as well as an influence of the electricity regime on the gas regime.
The sector-specific regulatory regime, supported by the use of competition law, organises a market
design in both sectors based as much as possible on short-term capacity allocation with a liquid
secondary trading platforms. The imposition of UIOLI mechanisms and an increased focus on
firmness of capacity is certainly the way forward but implementation still is an issue. The right
portfolio of capacity durations that are to be proposed by TSOs also remains an open question. The
specific features of these two commodities result however in slightly different results in practice. In
electricity, the development of market coupling initiatives creates new regulatory challenges but price
convergence is now in sight. In gas, the progress has been slower and efficiently functioning spot
markets are yet to emerge. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | EUI RSCAS | en |
dc.relation.ispartofseries | 2011/09 | en |
dc.relation.ispartofseries | Loyola de Palacio Programme on Energy Policy | en |
dc.relation.ispartofseries | [Florence School of Regulation] | en |
dc.relation.ispartofseries | [Energy] | en |
dc.relation.ispartofseries | [Energy Union Law] | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | access regime | en |
dc.subject | electricity | en |
dc.subject | gas | en |
dc.subject | European Union | en |
dc.subject | competition law | en |
dc.subject | framework guidelines | en |
dc.title | Capacity to Compete: Recent Trends in Access Regimes in Electricity and Natural Gas Networks | en |
dc.type | Working Paper | en |
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