The Regulation of Power Exchanges in Europe

The Regulation of Power Exchanges in Europe

Author: Martha M. Roggenkamp

Publisher: Intersentia nv

Published: 2005

Total Pages: 338

ISBN-13: 9050953174

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The liberalisation of the electricity sector has changed the way in which electricity is traded. De facto or legal vertical monopolies are gradually abandoned and new participants have entered the market. At the wholesale level, one of the important developments is the establishment of organised electricity markets, i.e. electricity power exchanges. This book analyses the role and evaluates the impact of these new organised markets, which until now received little attention. The introduction provides an overview of the developments on EC level as this creates the legal environment within which power exchanges operate. The implementation of the EC Electricity Directive has inter alia resulted in a commodization of electricity trading. Thereupon the development of power pools and electricity exchanges is discussed as well as the products which can be traded. Subsequently, the development of the most important national and/or regional exchanges in Europe will be examined. National experts will analyse the role of power exchanges in the Nordic countries, the United Kingdom, the Netherlands, Germany, France, Austria, Spain and Italy. The authors analyse the most important developments in their jurisdictions according to a fixed outline (e.g. implementation of the EC Electricity Directive, market structure, emergence and functioning of the organised market, products traded and the impact of cross-border trade) which allows for a comparative analysis and facilitates understanding. Finally, some conclusions with regard to the establishment of a single electricity market will be presented as well as some future developments.


Rôle Des Bourses D'électricité Pour la Création D'un Marché Commun Européen de L'électricité

Rôle Des Bourses D'électricité Pour la Création D'un Marché Commun Européen de L'électricité

Author: François Boisseleau

Publisher: IOS Press

Published: 2004-01-01

Total Pages: 405

ISBN-13: 9789040724732

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The electricity sector worldwide is undergoing a fundamental transformation of its institutional structure as a consequence of the complex interactions of political, economic and technological forces. The way the industry is organized is changing from vertically integrated monopolies to unbundled structures that favor market mechanisms. This process in Europe, known as the liberalization process, has had a wide impact on the European electricity industry. The focus of this dissertation is an analysis of the role of electricity power exchanges in the recently liberalized electricity markets of Europe. In the context of creating "a" competitive electricity market at a European level, the key questions considered are the functioning of these power exchanges with respect to electricity characteristics, market design and regulatory framework.


The role of power exchanges

The role of power exchanges

Author: Francois Boisseleau

Publisher: LAP Lambert Academic Publishing

Published: 2012

Total Pages: 420

ISBN-13: 9783659128110

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The electricity sector worldwide is undergoing a fundamental transformation of its institutional structure as a consequence of the complex interactions of political, economic and technological forces. The way the industry is organized is changing from vertically integrated monopolies to unbundled structures that favor market mechanisms. This process in Europe, known as the liberalization process, has had a wide impact on the European electricity industry. The focus of this book is an analysis of the role of electricity power exchanges in the recently liberalized electricity markets of Europe. In the context of creating "a" competitive electricity market at a European level, the key questions considered are the functioning of these power exchanges with respect to electricity characteristics, market design and regulatory framework.


The Brussels Effect

The Brussels Effect

Author: Anu Bradford

Publisher: Oxford University Press

Published: 2020-01-27

Total Pages: 368

ISBN-13: 0190088605

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For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.


Building Competitive Gas Markets in the EU

Building Competitive Gas Markets in the EU

Author: Jean-Michel Glachant

Publisher: Edward Elgar Publishing

Published: 2013-01-01

Total Pages: 293

ISBN-13: 1782540644

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This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe, which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions between the transmission operators activity and the gas commodity markets are addressed, as is the design of commercial networks in EU markets. The contributors also question whether the relationship between commercial and physical networks, in terms of the new flexibility requirements of users, actually works. By way of conclusion, two proposals for the EU gas target model are presented, both of which tackle the fundamental issues raised in this book, as well as the organization of short-term transactions and the mechanisms for investment in vital new long-life infrastructure needed to integrate EU markets. This volume will be of great interest to practitioners, as well as academics, researchers and students in the fields of energy economics and industrial economics. Both European and non-European energy companies and regulatory authorities looking for an independent and analytical overview of European gas markets will also find this book to be a highly valuable resource.


The Evolution of Electricity Markets in Europe

The Evolution of Electricity Markets in Europe

Author: Leonardo Meeus

Publisher: Edward Elgar Publishing

Published: 2020-11-27

Total Pages: 192

ISBN-13: 1789905478

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Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.


The Role of the EU in Transnational Legal Ordering

The Role of the EU in Transnational Legal Ordering

Author: Marta Cantero Gamito

Publisher: Edward Elgar Publishing

Published: 2020-02-28

Total Pages: 352

ISBN-13: 1788118413

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This book explores questions of transnational private legal theory in the context of the external dimension of EU private law. The interaction between existing theories of transnational ordering and the external reach of European Regulatory Private Law is articulated through examination of what are found to be the three major proxies of transnational private ordering: private contracts, standards and codes.


Handbook of Electrical Power Systems

Handbook of Electrical Power Systems

Author: Oliver D. Doleski

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2024-08-19

Total Pages: 1028

ISBN-13: 3111264270

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Bridging the technical and the economical worlds of the energy sector and establishing a solid understanding of today's energy supply as a complex system– with these missions in mind, the book at hand compactly describes the fundamentals of electrical power supply in a dialogue between technology and non-technology, between academia and practitioners, and between nations and continents. Today, energy supply is a complex global system – it is time for a dialogue of the disciplines. In this book, experts explain in an understandable manner the technical foundations and selected specific aspects of today's electrical power supply. Each chapter supplies a fundamental introduction in layman's terms to the topic and serves technical specialists both as a reference and as an opportunity to expand their knowledge. Practical examples and case studies complete the compendium. Technology and economics in the energy sector work on the same questions out of different perspectives. The increasing complexity and interconnections and the epochal upheavals in the energy sector make a comprehensive understanding of the energy sector as a system an essential requirement. This necessitates an ongoing and successful dialogue between the disciplines and between academia and practitioners. To that aim, this book serves both as a compact reference for everyone interested in the energy sector and as a true translation aid between the professional disciplines.


Micro and Local Power Markets

Micro and Local Power Markets

Author: Andreas Sumper

Publisher: John Wiley & Sons

Published: 2019-06-13

Total Pages: 288

ISBN-13: 1119434564

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Introduces readers to micro and local power markets and their use for local initiatives, grid integration, and future applications This book provides the basis for understanding micro power markets, emphasizing its application for local initiatives, the grid integration of renewable-based generation, and facilitating the decarbonization of the future electrical networks. It gives readers a comprehensive overview of the market operation, and highlights the basis of the design of local and micro markets. Micro and Local Power Markets starts by covering the economics and basic principle of power markets, including the fundamentals of the power trading (for both wholesale and local markets). Following a definition of both micro and local (technical and economic aspects) power markets, the book then looks at the organization of such markets. It describes the design of those power markets, isolated from the wholesale markets, and examines the methodologies of the interaction between these power markets and wholesale markets. The book also presents cognitive business models for micro and local power markets, as well as the regulatory issues concerning them. Introduces the basic principle of power markets Defines micro and local power markets Outlines the design of micro and local power markets, including the principles, as well as the trading schemes, flexibility, and services Discusses methodologies of the interaction between micro and local power markets and wholesale markets Presents business models for micro and local power markets Summarizes regulatory issues around micro and local power markets Micro and Local Power Markets is an ideal book for upper undergraduate students in engineering, as well as for early researchers in the energy sector. It is also recommended for any scientist and engineer being introduced to the field of power systems and their organization.