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INTEGRATION OF EU ENERGY MARKETS Jorge Vasconcelos Council of European Energy Regulators GTE Autumn Conference 2003 Paris, October 22, 2003. INCENTIVE BASED REGULATION. COMMAND AND CONTROL. RATE OF RETURN REGULATION. NETWORKS. VERTICALLY INTEGRATED MONOPOLIES. VERTICALLY - PowerPoint PPT Presentation
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INTEGRATION OF EU ENERGY MARKETS
Jorge Vasconcelos
Council of European Energy Regulators
GTE Autumn Conference 2003Paris, October 22, 2003
VERTICALLYINTEGRATEDMONOPOLIES
VERTICALLYINTEGRATEDMONOPOLIES
MARKETREGULATION
COMMANDAND
CONTROL
RATEOF
RETURNREGULATIONNETWORKS
WHOLESALE /RETAIL
MARKETS
INCENTIVEBASED
REGULATION
VERTICALLYINTEGRATED
NATIONALMONOPOLY
NETWORKS
EUROPEANINTEGRATION
“EUROPEANIZATION”
LIBERALIZATION
COMPETITORS
REGULATION
EUROPEANMARKET
1988 89 90 91 92 93 94 95 96 97 98 99 00 01 02 2003
LE
GIS
LA
TIO
NR
EG
UL
AT
ION
WHITEPAPER
TRANSIT
PRICETRANSPARENCY REGULATION
CROSS-BORDER
2nd GAS DIR.
2nd EL. DIR.
1st ELECTRICITYDIRECTIVE
1st GASDIRECTIVE
LACK OF TRANSMISSION CAPACITY
IN PARTICULAR, CROSS-BORDER
INTERCONNECTION CAPACITY
1.
THE MISSING STEPS:
LACK OF TRANSPARENCY IN
NETWORK ACCESS CONDITIONS
INCLUDING NETWORK ACCESS TARIFFS AND
CONGESTION MANAGEMENT
2.
THE MISSING STEPS:
LACK OF TRANSPARENCY IN THE
TECHNICAL OPERATION OF
INTERCONNECTED SYSTEMS
3.
THE MISSING STEPS:
LACK OF ROBUST, DEEP AND LIQUID
ORGANISED ENERGY MARKETS IN
MOST GEOGRAPHICAL AREAS
4.
THE MISSING STEPS:
LACK OF TRANSPARENCY AND
PREDICTABILITY CONCERNING RULES
APPLIED TO THE APPROVAL OR
REFUSAL OF MERGERS AND
ACQUISITIONS IN THE ENERGY FIELD
THE MISSING STEPS:
5.