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Capacity Mechanisms in EU Energy Markets: Law, Policy, and Economics, 2nd Edition

Capacity Mechanisms in EU Energy Markets: Law, Policy, and Economics, 2nd Edition

  • 作者:
  • 出版商: Oxford University Press
  • ISBN: 9780192849809
  • 出版时间 November 2022
  • 规格: Hardback , 512 pages
  • 适应领域: European Union ? 免责申明:
    Countri(es) stated herein are used as reference only

List Price: ¥2,256.25

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  • 描述 
  • 大纲 
  • 作者 
  • 详细

    Capacity 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.

    New to this Edition:

    • Reflects the new legal framework adopted by the EU since the first edition
    • Two entirely new chapters have been added - one focussing on resource adequacy in the new legal framework and one new country-specific chapter on Ireland
  • Part I: Policy
    1: Francisco Enrique González-Díaz: EU Policy on Capacity Mechanisms
    2: Alberto Pototschnig and Martin Godfried: The Regulators' View: ACER's Report on Capacity Mechanisms and the EU Internal Electricity Market
    3: Arthur Henriot and Jean-Michel Glachant: Capacity Mechanisms in the European Market: Now, but How?
    Part II: Economics
    4: Jens Perner and Christoph Riechmann: Energy Market Design with Capacity Mechanisms
    5: Fabien Roques and Charles Verhaeghe: Different Approaches for Capacity Mechanisms in Europe: Rationale and Potential for Coordination?
    6: Dominique Finon: Capacity Mechanisms and Cross-Border Participation: The EU Integrated Approach in Question
    7: Carlos Batlle, Paolo Mastropietro, Pablo Rodilla, and José Ignacio Pérez-Arriaga: The System Adequacy Problem: Lessons Learned from the American Continent
    8: Bert Willems: The Generation Mix, Price Caps, and Capacity Payments
    Part III: Law
    9: Leigh Hancher: Capacity Mechanisms and State Aid Control: A European Solution to the 'Missing Money' Problem?
    10: Adrien de Hauteclocque and Malgorzata Sadowska: Antitrust Law: A Missing Piece in a Regulatory Puzzle?
    11: Peter Oliver: Free Movement of Goods in the Labyrinth of Energy Policy and Capacity Mechanisms
    Part IV: Case Studies
    12: Thomas Starlinger and Harald Kröpfl: Austria
    13: Wim Vandenberghe and René Gonne: Belgium
    14: Daniel Crevel-Sander and Charlotte Beaugonin: France
    15: Kai Uwe Pritzsche and Katharina Reinhardt: Germany
    16: Antonis Metaxas: Greece
    17: Francesco Maria Salerno: Italy
    18: Marinus Winters: Netherlands
    19: Jens Naas-Bibow and Catherine Ramstad Wenger: Norway
    20: Malgorzata Sadowska: Poland
    21: Iñigo del Guayo: Spain
    22: Peter Willis: United Kingdom

  • Leigh Hancher is Professor of European Law at Tilburg University, and part-time Professor at the Florence School of Regulation. She is also Of Counsel at the Amsterdam office of Allen & Overy LLP. She is a well-known EU law expert and has counselled firms in a broad range of procedures. She is the author of numerous titles, including EU State Aids (4th ed, Sweet & Maxwell 2012) and EU Competition and Internal Market Law in the Healthcare Sector(with Wolf Sauter, OUP 2012).

    Dr Adrien de Hauteclocque is a Law Clerk (Référendaire) at the Court of Justice of the European Union and an Adviser of the Florence School of Regulation (European University Institute). He is also a visiting lecturer at École Nationale dAdministration (France). His research interests include EU antitrust and state aid law, competition policy in network industries and the law & economics of energy regulation. He is a regular speaker in international conferences and has published numerous academic articles and book chapters. He authored recently Market Building Through Antitrust: Long-term Contract Regulation in EU Electricity Markets (Edward Elgar 2014).

    Dr Malgorzata Sadowska is Research Fellow at the European University Institute, and Coordinator of the Energy Law & Policy Area at the Florence School of Regulation, Robert Schuman Centre for Advanced Studies. She is the author of Committed to reform? Pragmatic antitrust enforcement in electricity markets (Intersentia 2014) and has published a number of papers on energy regulation and competition policy in top European law and economics journals.

     

    Contributors: 
    Carlos Batlle, MIT 
    Charlotte Beaugonin, EDF
    Daniel Crevel-Sander, EDF Luminus
    Dominique Finon, Centre National de la Recherche Scientifique and the international Reserach Center on Environment and Development
    Jean-Michel Glachant, Florence School of Regulation 
    Martin Godfried, Agency for the Cooperation of Energy Regulators (ACER)
    René Gonne, Dechert LLP
    Francisco Enrique González-Díaz, Cleary Gottlieb Steen & Hamilton LLP
    Iñigo del Guayo, Universidad de Almería
    Leigh Hancher, Allen & Overy LLP, Tilburg University,and the Florence School of Regulation
    Adrien de Hauteclocque, Court of Justice of the European Union and the Florence School of Regulation
    Arthur Henriot, RTE
    Harald Kröpfl, Fiebinger Polak Leon Partners
    Paolo Mastropietro, Comillas Pontifical University's Institute for Research in Technology (IIT)
    Antonis Metaxas, Metaxas & Associates
    Jens Naas-Bibow, Thommessen
    Peter Oliver, Université Libre de Bruxelles and Monckton Chambers
    José Ignacio Pérez-Arriaga, MIT
    Jens Perner, Frontier Economics
    Alberto Pototschnig, ACER
    Kai Uwe Pritzsche, Linklaters LLP 
    Katharina Reinhardt, Linklaters LLP
    Christoph Riechmann, Frontier Economics
    Pablo Rodilla, Comillas Pontifical University's Institute for Research in Technology (IIT)
    Fabien Roques, Université Paris Dauphine and Compass Lexecon
    Malgorzata Sadowska, Florence School of Regulation
    Francesco Maria Salerno, Cleary Gottlieb Steen & Hamilton LLP
    Thomas Starlinger, Fiebinger Polak Leon Partners 
    Wim Vandenberghe, Dechert LLP
    Charles Verhaeghe, Compass Lexecon
    Catherine Ramstad Wenger, Thommessen
    Bert Willems, Tilburg University
    Peter Willis, Bird & Bird LLP
    Marinus Winters, Allen & Overy LLP

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