Capacity mechanisms in the EU energy markets : law, policy, and economics

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dc.contributor.editorHANCHER, Leigh
dc.contributor.editorDE HAUTECLOCQUE, Adrien
dc.contributor.editorHUHTA, Kaisa Iida Amanda
dc.contributor.editorSADOWSKA, Malgorzata
dc.date.accessioned2022-11-09T14:55:59Z
dc.date.available2022-11-09T14:55:59Z
dc.date.issued2022
dc.description2nd editionen
dc.description.abstractCapacity 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.en
dc.description.tableofcontents-- Part I: Policy 1:EU Policy on Capacity Mechanisms, Clemens Ziegler 2:The Regulators' View: ACER's Report on Capacity Mechanisms and the EU Internal Electricity Market, Alberto Pototschnig and Martin Godfried 3:Capacity Remuneration Mechanisms in the EU: Today, Tomorrow, and a Look Further Ahead, Tim Schittekatte and Leonardo Meeus -- Part II: Economics 4:The EU Approach to Resource Adequacy, Francois Beaude 5:Energy Market Design with Capacity Mechanisms, Christoph Riechmann, Jens Perner, Sam Street, and Vikram Balachandar 6:Different Approaches for Capacity Mechanisms in Europe: Rationale and Potential for Coordination?, Fabien Roques and Charles Verhaeghe 7:Resource Adequacy in Decarbonizing Power Systems: Lessons Learned from Both Sides of the Atlantic, Carlos Batlle, Paolo Mastropietro, Pablo Rodilla, and Ignacio J. Pérez-Arriaga 8:The Generation Mix, Price Caps, and Capacity Payments, Bert Willems -- Part III: Law 9:Capacity Mechanisms and State Aid Control: A European Solution to the 'Missing Money' Problem?, Leigh Hancher 10:The Antitrust Perspective to Capacity Mechanisms, Adrien de Hauteclocque and Ma/lgorzata Sadowska 11:Free Movement of Goods in the Labyrinth of Energy Policy and Capacity Mechanisms, Peter Oliver and Kaisa Huhta -- Part IV: Case Studies 12:Austria, Thomas Starlinger, Elisabeth Wielinger, and Harald Kröpfl 13:Belgium, Wouter Vandorpe 14:France, Guillaume Dezobry 15:Germany, Kai Uwe Pritzsche and Katharina Reinhardt 16:Greece, Antonis Metaxas 17:Ireland, Seamus Byrne 18:Italy, Francesco Maria Salerno 19:The Netherlands, Marinus Winters and Tiemen Govers 20:Norway, Cathrine Ramstad Wenger, Frode Støle, and Jens Naas-Bibow 21:Poland, Ma/lgorzata Sadowska 22:Spain, Iñigo del Guayo 23:United Kingdom, Peter Willisen
dc.identifier.citationOxford : Oxford University Press, 2022en
dc.identifier.isbn9780192849809
dc.identifier.urihttps://hdl.handle.net/1814/75007
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherOxford University Pressen
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Energy Union Law]en
dc.titleCapacity mechanisms in the EU energy markets : law, policy, and economicsen
dc.typeBooken
dspace.entity.typePublication
person.identifier.other27580
person.identifier.other44580
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relation.isEditorOfPublication8d40cc2b-ad7f-4a5b-8978-b3a579a042ae
relation.isEditorOfPublication.latestForDiscovery6c305848-2709-4be3-818f-c23c7e0a44ac
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