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INTEGRATION OF EU ENERGY MARKETS Jorge Vasconcelos Council of European Energy Regulators

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

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INTEGRATION OF EU ENERGY MARKETS Jorge Vasconcelos Council of European Energy Regulators

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  1. INTEGRATION OF EU ENERGY MARKETS Jorge Vasconcelos Council of European Energy Regulators GTE Autumn Conference 2003 Paris, October 22, 2003

  2. INCENTIVE BASED REGULATION COMMAND AND CONTROL RATE OF RETURN REGULATION NETWORKS VERTICALLY INTEGRATED MONOPOLIES VERTICALLY INTEGRATED MONOPOLIES WHOLESALE / RETAIL MARKETS MARKET REGULATION

  3. REGULATION LIBERALIZATION NETWORKS EUROPEAN MARKET EUROPEAN INTEGRATION “EUROPEANIZATION” COMPETITORS VERTICALLY INTEGRATED NATIONAL MONOPOLY

  4. LEGISLATION REGULATION 1988 89 90 91 92 93 94 95 96 97 98 99 00 01 02 2003 2nd EL. DIR. WHITE PAPER TRANSIT 1st GAS DIRECTIVE 2nd GAS DIR. 1st ELECTRICITY DIRECTIVE PRICE TRANSPARENCY REGULATION CROSS-BORDER

  5. THE MISSING STEPS: 1. LACK OF TRANSMISSION CAPACITY IN PARTICULAR, CROSS-BORDER INTERCONNECTION CAPACITY

  6. THE MISSING STEPS: 2. LACK OF TRANSPARENCY IN NETWORK ACCESS CONDITIONS INCLUDING NETWORK ACCESS TARIFFS AND CONGESTION MANAGEMENT

  7. THE MISSING STEPS: 3. LACK OF TRANSPARENCY IN THE TECHNICAL OPERATION OF INTERCONNECTED SYSTEMS

  8. THE MISSING STEPS: 4. LACK OF ROBUST, DEEP AND LIQUID ORGANISED ENERGY MARKETS IN MOST GEOGRAPHICAL AREAS

  9. THE MISSING STEPS: 5. LACK OF TRANSPARENCY AND PREDICTABILITY CONCERNING RULES APPLIED TO THE APPROVAL OR REFUSAL OF MERGERS AND ACQUISITIONS IN THE ENERGY FIELD

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