Abstract
Overview
Introduction
National regulators are currently recommending new energy bodies at an
EU-level to guide policy making at the European Commission and help regulate
pan-European energy issues. Together with the increasing complexity of
interconnected markets and new market coupling arrangements, momentum is
building for the creation of an EU-wide energy regulator.
Scope
- A review of proposals for new energy regulatory powers at an EU level.
- A comparison of market coupling arrangements and their effect on the
development of an EU regulator.
- Insight into how and when an EU energy regulator might take shape.
Report Highlights
Because of the expanding web of market coupling arrangements, the competency
of certain national regulators expands well beyond national boundaries. This
creates a natural limit to Europe' s ability to solve the ' regulation gap'
through an organic growth of market coupling based purely on voluntary
co-operation and guidelines.
The enforcement of the EU' s 2003 regulation on the cross-border exchange of
electricity, its subsequent guidelines, and the application of appropriate
penalties are all left entirely to national regulatory authorities.
Consequently, rules and regulatory actions will vary between member states,
even with agreed guidelines in place.
Reasons to Purchase
- Understand how and when the EU might develop an energy regulatory agency.
- Understand the forces that create pressure for regulatory intervention at
a pan-European level.
- Compare emerging market coupling arrangements in Western European markets.
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