Open Access
Incentives for investments : comparing EU electricity TSO regulatory regimes
Loading...
Files
2013_Glachant_et-al_IncentivesForInvestments_dig.pdf (4.37 MB)
Full-text in Open Access
License
Cadmus Permanent Link
Full-text via DOI
ISSN
Issue Date
Type of Publication
Keyword(s)
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Citation
Florence : European University Institute, 2013
Florence School of Regulation; 2013; Energy
Cite
GLACHANT, Jean-Michel, SAGUAN, Marcelo, RIOUS, Vincent, DOUGUET, Sébastien, Incentives for investments : comparing EU electricity TSO regulatory regimes, Florence : European University Institute, 2013, Florence School of Regulation, 2013, Energy - https://hdl.handle.net/1814/29677
Abstract
The objective of this paper is to study the potential consequences of national regulatory choices with regard to network investments influencing the development of the European market in the North Western region. To reach our objective, we first build an analytical framework to study the different properties of the national regulatory regimes. We consequently define criteria to compare the economic properties for investment of any regulatory regime. We establish a set of theoretical and empirical principles to identify the key economic properties of the main regulatory characteristics and the main design options, summing it up in a graphical analysis. In a second step, we study selected countries in our analytical framework. Our high level analysis focuses on five European countries that are connected in a regional market and cover more than half of the EU electricity production. These countries are namely Belgium, France, Germany, Great Britain and the Netherlands. We address the existing regulatory incentives for investments in this area, relying on theoretical and applied economic literature as well as an analysis of each country regulatory regime. The frame is then used to compare the economic properties of these various national regulatory regimes. Third, after discussion of the potential reasons of national choices, we analyse the potential outcomes of these regulatory regimes when being put together in the context of regional market integration. Finally, we discuss the need of some harmonisation and the key harmonisation targets.
Table of Contents
Additional Information
QM-02-13-593-EN-C
QM-02-13-593-EN-N
Related PB 2014/01
QM-02-13-593-EN-N
Related PB 2014/01