LIBERALIZATION AND REGULATION IN THE EU ENERGY MARKET

Ilie, Livia and Horobet, Alexandra and Popescu, Corina (2007): LIBERALIZATION AND REGULATION IN THE EU ENERGY MARKET.

Abstract

Competition ensures competitive prices. In this respect, the liberalisation of the EU energy markets is a must. The regulatory framework for the energy markets should be properly designed and implemented by the member states in order to ensure enough competition.

This paper aims to analyse the status quo of the EU energy markets in terms of regulatory framework and degree of competition and to recommend improvements of the system in order to balance the issues of competition, energy security and environment protection in the EU energy markets.

• Item Type: MPRA Paper
• Language: English
• Keywords: Energy market, regulation, competition, energy security, climate change
• Subjects: K - Law and Economics > K2 - Regulation and Business Law; L - Industrial Organization > L5 - Regulation and Industrial Policy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy

References

[1] M. Baily, D. Farrell, A road map for European economic reform, The McKinsey Quarterly, No.4, 2005. [2] J. S. Bain, Industrial Organization (John Wiley & Sons, Inc., 1968). [3] R. Clarke, Industrial Economics (Basil Blackwell Ltd., Oxford, 1987). [4] S. Beardsley, D. Farrell, Regulation that’s good for competition, The McKinsey Quarterly, No.2, 2005 [5] G. Shuttleworth, G. MacKerron, D. Hough, Security of Energy Supply, Energy Regulation Brief, NERA Economic Consulting, March 2003. [6] D. Farrell, S.S. Nyquist, M.C. Rogers, Curbing the growth of global energy demand, The McKinsey Quarterly, July 2007, web exclusive. [7] BBC News