Chapter 7: Opening European Electricity and Gas Markets – Graham Shuttleworth, Chairman’s Comments – Clare Spottiswoode
In this chapter, I take a look at market opening in European electricity and gas markets from an economic point of view, which means from three separate angles: 1. I consider whether the move towards competition is being driven simply by the economics of the sector, without the need for specific interventions by governments and regulators. 2. Since I will answer this first question in the negative, I will look at the measures that governments and regulators need to introduce, if they are serious about introducing competition. 3. I will list some outstanding issues, that is, problems that legal and regulatory institutions in European markets have yet to deal with,
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