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dc.contributor.authorDE HAUTECLOCQUE, Adrien
dc.contributor.authorRIOUS, Vincent
dc.date.accessioned2012-03-01T15:11:23Z
dc.date.available2012-03-01T15:11:23Z
dc.date.issued2011
dc.identifier.citationEnergy Policy, 2011, 39, 11, 7068-7077en
dc.identifier.issn1873-6777
dc.identifier.issn0301-4215
dc.identifier.urihttps://hdl.handle.net/1814/20795
dc.description.abstractThe regulation of merchant transmission investment (MTI) has become an important issue in the EU electricity sector, subsequent to the granting of authorizations by European authorities to five merchant projects: BritNed, Estlink, the East West Cables, NorGer and recently a merchant line connecting Italy and Austria. The creation of a new Agency for the Cooperation of Energy Regulators (ACER) at the EU level, which has decision-making powers on MTI, therefore presents a unique opportunity to question and re-design the current European policy. This paper shows that the recent decisions concerning MTI may suffer a strong bias against dominant electricity generators while incumbent Transmission System Operators (TSOs) or new entrant TSOs are generally favored by national regulators and the European Commission (EC). This strategy is misguided as it fails to recognize both the new incentives of generators to develop MTI and the conflict of interest between the regulated and non-regulated activities of incumbent TSOs. Letting dominant generators undertake MTI is indeed generally beneficial as long as potential abuses of dominance are mitigated. To deter possible anti-competitive effects, we propose a new and feasible allocation of regulatory powers based on a clear demarcation between the market monitoring powers of ACER and the antitrust powers of the EC.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Energy]en
dc.relation.isversionofhttp://hdl.handle.net/1814/12793
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleReconsidering the Regulation of Merchant Transmission Investment in Light of the Third Energy Package: The role of dominant generatorsen
dc.typeArticle
dc.identifier.doi10.1016/j.enpol.2011.08.012
eui.subscribe.skiptrue
dc.description.versionPublished version of EUI WP RSCAS 2009/59 Loyola de Palacio Programme on Energy Policy


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