Towards a Single Energy Market
Edited by Jean-Michel Glachant and François Lévêque
Chapter 1: The Electricity Internal Market in the European Union: What to do Next?
Jean-Michel Glachant and François Lévêque INTRODUCTION The construction of the European Union’s (EU) ‘internal energy market’ is still a work in progress. It might even stall. Given current political, institutional and business conditions in Europe, there are no guarantees that the dynamics of this construction will not dissipate, as in the United States, or that the internal market will not fracture into ‘national blocks’ that might be permanent or persist for a long time. This is exactly what we think must be avoided. This chapter suggests priority actions and secondary improvements in order to sustain the dynamics of the internal market’s construction, from now on and in the near future. It also endeavours to explain the underlying rationale behind these recommendations by describing several aspects of the present state of the internal market’s construction and by determining the factors preventing its progress, as well as those facilitating it. A major constraint has determined our thinking and writing of this chapter. We have excluded the possibility that a new package of European directives and regulations calling for stronger convergence in the construction of the EU internal energy market should be issued. In fact, such an event is not likely to occur. We have therefore chosen to rely on two other levers: the conscientious application of the provisions of the Second Directive and companion regulations, and the promotion of reinforced regional cooperation agreements that will lead to the voluntary opening of some domestic markets to regional ‘mini internal markets’....
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.