A case of: who will tell the emperor he has no clothes?--market liberalization, regulatory capture and the need for further improved electricity market unbundling through a fourth energy package.
Saved in:
| Title: | A case of: who will tell the emperor he has no clothes?--market liberalization, regulatory capture and the need for further improved electricity market unbundling through a fourth energy package. |
|---|---|
| Authors: | Barrett, Eva1,2 barretev@tcd.ie |
| Source: | Journal of World Energy Law & Business. Mar2016, Vol. 9 Issue 1, p1-16. 16p. |
| Subject Terms: | *Financial liberalization, *Electricity, *Market design & structure (Economics) |
| Company/Entity: | European Commission , European Union |
| Abstract: | On 25 February 2015, the European Commission published a Communication on its vision of an Energy Union as, amongst other things 'an integrated continent wide energy system where energy flows freely across borders based on competition and the best possible use of resources and with effective regulation of energy markets at EU level where necessary'. The Communication listed the actions necessary to deliver this Energy Union in a list which was as interesting for what was not included as for what was. While full implementation and enforcement of existing energy and related law (and particularly the third energy package) was listed as the first priority of the Union, there was no mention of the need for further market unbundling or a fourth energy package. This position is worrying. Through an inadequate implementation of poorly designed market structures, the EU has created national markets which are hotbeds for consumer-damaging market manipulation and abuse. Consequently, there is a pressing need for further market unbundling and a fourth energy package. Not only will such measures be essential to the successful creation of an Energy Union and the realization of the benefits expected from market liberalization, they are urgently needed to remove existing market structures, which are facilitating consumer-damaging anticompetitive behaviours by making such behaviours virtually impossible to detect and punish. [ABSTRACT FROM AUTHOR] |
| Database: | Energy & Power Source |
| FullText | Links: – Type: pdflink Text: Availability: 0 |
|---|---|
| Header | DbId: enr DbLabel: Energy & Power Source An: 112724860 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
| IllustrationInfo | |
| Items | – Name: Title Label: Title Group: Ti Data: A case of: who will tell the emperor he has no clothes?--market liberalization, regulatory capture and the need for further improved electricity market unbundling through a fourth energy package. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Barrett%2C+Eva%22">Barrett, Eva</searchLink><relatesTo>1,2</relatesTo><i> barretev@tcd.ie</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Journal+of+World+Energy+Law+%26+Business%22">Journal of World Energy Law & Business</searchLink>. Mar2016, Vol. 9 Issue 1, p1-16. 16p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Financial+liberalization%22">Financial liberalization</searchLink><br />*<searchLink fieldCode="DE" term="%22Electricity%22">Electricity</searchLink><br />*<searchLink fieldCode="DE" term="%22Market+design+%26+structure+%28Economics%29%22">Market design & structure (Economics)</searchLink> – Name: SubjectCompany Label: Company/Entity Group: Su Data: <searchLink fieldCode="DE" term="%22European+Commission%22">European Commission</searchLink> <br /><searchLink fieldCode="DE" term="%22European+Union%22">European Union</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: On 25 February 2015, the European Commission published a Communication on its vision of an Energy Union as, amongst other things 'an integrated continent wide energy system where energy flows freely across borders based on competition and the best possible use of resources and with effective regulation of energy markets at EU level where necessary'. The Communication listed the actions necessary to deliver this Energy Union in a list which was as interesting for what was not included as for what was. While full implementation and enforcement of existing energy and related law (and particularly the third energy package) was listed as the first priority of the Union, there was no mention of the need for further market unbundling or a fourth energy package. This position is worrying. Through an inadequate implementation of poorly designed market structures, the EU has created national markets which are hotbeds for consumer-damaging market manipulation and abuse. Consequently, there is a pressing need for further market unbundling and a fourth energy package. Not only will such measures be essential to the successful creation of an Energy Union and the realization of the benefits expected from market liberalization, they are urgently needed to remove existing market structures, which are facilitating consumer-damaging anticompetitive behaviours by making such behaviours virtually impossible to detect and punish. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=enr&AN=112724860 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1093/jwelb/jwv039 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 16 StartPage: 1 Subjects: – SubjectFull: Financial liberalization Type: general – SubjectFull: Electricity Type: general – SubjectFull: Market design & structure (Economics) Type: general – SubjectFull: European Commission Type: general – SubjectFull: European Union Type: general Titles: – TitleFull: A case of: who will tell the emperor he has no clothes?--market liberalization, regulatory capture and the need for further improved electricity market unbundling through a fourth energy package. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Barrett, Eva IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 03 Text: Mar2016 Type: published Y: 2016 Identifiers: – Type: issn-print Value: 17549957 Numbering: – Type: volume Value: 9 – Type: issue Value: 1 Titles: – TitleFull: Journal of World Energy Law & Business Type: main |
| ResultId | 1 |
