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INTEGRATION OF EU ENERGY MARKETS
Jorge Vasconcelos
Council of European Energy Regulators
GTE Autumn Conference 2003Paris, October 22, 2003
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VERTICALLYINTEGRATEDMONOPOLIES
VERTICALLYINTEGRATEDMONOPOLIES
MARKETREGULATION
COMMANDAND
CONTROL
RATEOF
RETURNREGULATIONNETWORKS
WHOLESALE /RETAIL
MARKETS
INCENTIVEBASED
REGULATION
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VERTICALLYINTEGRATED
NATIONALMONOPOLY
NETWORKS
EUROPEANINTEGRATION
“EUROPEANIZATION”
LIBERALIZATION
COMPETITORS
REGULATION
EUROPEANMARKET
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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
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LACK OF TRANSMISSION CAPACITY
IN PARTICULAR, CROSS-BORDER
INTERCONNECTION CAPACITY
1.
THE MISSING STEPS:
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LACK OF TRANSPARENCY IN
NETWORK ACCESS CONDITIONS
INCLUDING NETWORK ACCESS TARIFFS AND
CONGESTION MANAGEMENT
2.
THE MISSING STEPS:
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LACK OF TRANSPARENCY IN THE
TECHNICAL OPERATION OF
INTERCONNECTED SYSTEMS
3.
THE MISSING STEPS:
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LACK OF ROBUST, DEEP AND LIQUID
ORGANISED ENERGY MARKETS IN
MOST GEOGRAPHICAL AREAS
4.
THE MISSING STEPS:
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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.
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