Capacity Mechanisms in the EU Energy Market: Law, Policy, and Economics

Hardcover | October 24, 2015

EditorLeigh Hancher, Adrien de Hauteclocque, Malgorzata Sadowska

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Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments inrenewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market butmay have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for their cross-border impact, they may cause serious market distortions and put the future of the Europeaninternal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, andwill be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.

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Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments inrenewable energy sources. These capacity remu...

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 and 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...

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Format:HardcoverDimensions:448 pages, 9.69 × 6.73 × 1.22 inPublished:October 24, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198749252

ISBN - 13:9780198749257

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Table of Contents

Part I: Policy1. Francisco Enrique Gonzalez-Diaz: EU Policy on Capacity Mechanisms2. Alberto Pototschnig and Martin Godfried: The Regulators' View: ACER's Report on Capacity Mechanisms and the EU Internal Electricity Market3. Arthur Henriot and Jean-Michel Glachant: Capacity Mechanisms in the European Market: Now, but How?Part II: Economics4. Jens Perner and Christoph Riechmann: Energy Market Design with Capacity Mechanisms5. 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 Question7. Carlos Batlle, Paolo Mastropietro, Pablo Rodilla, and Jose Ignacio Perez-Arriaga: The System Adequacy Problem: Lessons Learned from the American Continent8. Bert Willems: The Generation Mix, Price Caps, and Capacity PaymentsPart III: Law9. 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 MechanismsPart IV: Case Studies12. Thomas Starlinger and Harald Kropfl: Austria13. Wim Vandenberghe and Rene Gonne: Belgium14. Daniel Crevel-Sander and Charlotte Beaugonin: France15. Kai Uwe Pritzsche and Katharina Reinhardt: Germany16. Antonis Metaxas: Greece17. Francesco Maria Salerno: Italy18. Marinus Winters: Netherlands19. Jens Naas-Bibow and Catherine Ramstad Wenger: Norway20. Malgorzata Sadowska: Poland21. Inigo del Guayo: Spain22. Peter Willis: United Kingdom