Capacity mechanisms in the EU energy market: law, policy, and economics
Gespeichert in:
| Weitere Verfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford
Oxford University Press
2015
|
| Ausgabe: | First edition |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xli, 400 Seiten Diagramme, Karte |
| ISBN: | 9780198749257 |
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| 245 | 1 | 0 | |a Capacity mechanisms in the EU energy market |b law, policy, and economics |c edited by by Leigh Hancher, Adrien de Hauteclocque et Małgorzata Sadowska |
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Datensatz im Suchindex
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|---|---|
| adam_text | Titel: Capacity mechanisms in the EU energy market
Autor: Hancher, Leigh
Jahr: 2015
Table of Contents
Table of Cases xv
Table of Legislation xix
Table of Relevant Non-Legislative Documents xxvii
List of Contributors xxxi
List of Abbreviations xxxix
PART I. POLICY
1. EU Policy on Capacity Mechanisms 3
1.1 Why capacity mechanisms? The missing money problem and RES capacity 3
1.2 Core features of capacity mechanisms 7
1.3 The EU approach to capacity mechanisms before the 20/20/20 Package 16
1.4 The EU approach to capacity mechanisms after the 20/20/20 Package
(and before the November 2013 Communication) 18
1.5 The November 2013 Communication 22
1.6 Conclusion—where next with capacity mechanisms in the EU? 30
2. The Regulators View: ACER s Report on Capacity Mechanisms
and the EU Internal Electricity Market 32
2.1 Introduction 32
2.2 The contribution of energy-only markets to generation adequacy 33
2.3 Impact of capacity mechanisms: design and distortions 35
2.4 Cross-border participation in capacity mechanisms 37
2.5 Conclusions and recommendations 38
3. Capacity Mechanisms in the European Market: Now, but How? 40
3.1 Introduction 40
3.2 The pervasive impact of capacity mechanisms on the remuneration of flexibility 41
3.3 The costs of self-sufficient capacity mechanisms 44
3.4 A framework for coordination of national capacity mechanisms at EU level 48
3.5 Conclusion 54
PART II. ECONOMICS
4. Energy Market Design with Capacity Mechanisms 59
4.1 Introduction 59
4.2 Energy-only market—can it be sustainable? 60
4.3 What are the policy options—and how would they perform? 67
4.4 How do renewable energies fit into the market design? 72
4.5 What are the challenges in the EU context? 75
4.6 Summary—when to use which capacity mechanisms? 76
5. Different Approaches for Capacity Mechanisms in Europe:
Rationale and Potential for Coordination? 79
5.1 Introduction 79
5.2 A patchwork of capacity mechanisms in Europe: different designs
fit different needs 80
xii
Table of Contents
5.3 Toward coordination of capacity mechanisms in Europe 81
5.4 Capacity mechanisms and the new EEAG 2014-2020: Key issues 86
5.5 Coordinating capacity mechanisms in Europe 89
5.6 Conclusions 93
6. Capacity Mechanisms and Cross-Border Participation:
The EU Integrated Approach in Question 95
6.1 Elements of the EU debate on cross-border participation 95
6.2 Explicit cross-border participation with congested capacity of interconnections 102
6.3 Social efficiency of cross-border participation from the national perspective 106
6.4 Social efficiency of cross-border participation from the EU perspective 110
6.5 Conclusion 117
7. The System Adequacy Problem: Lessons Learned from
the American Continent 119
7.1 Introduction 119
7.2 Design elements 121
7.3 Target market 121
7.4 Lag period (or lead time) 127
7.5 Contract duration 128
7.6 Defining the requirements associated with the reliability product 130
7.7 Indexation and warranties 136
7.8 Summary and high-level recommendations 138
8. The Generation Mix, Price Caps, and Capacity Payments 140
8.1 Introduction 140
8.2 Optimal generation mix 141
8.3 A competitive market leads to an optimal generation mix 145
8.4 A price cap distorts investment levels 147
8.5 Capacity payments restore efficiency 149
8.6 Renewable energy and demand participation 150
8.7 Conclusion 153
PART III. LAW
9. Capacity Mechanisms and State Aid Control: A European
Solution to the Missing Money Problem? 157
9.1 Introduction 157
9.2 Policy evolution 158
9.3 Funding capacity mechanisms: When do the state aid rules apply? 162
9.4 Compatible support—the new EEAG 2014-2020 171
9.5 Assessment 175
9.6 Conclusion 181
10. Antitrust Law: A Missing Piece in a Regulatory Puzzle? 182
10.1 Introduction 182
10.2 EU antitrust enforcement in the energy sector—a primer 183
10.3 A typology of antitrust issues related to capacity mechanisms 185
10.4 The problem with the market definition 187
10.5 Selected anticompetitive practices under Articles 101 and 102 TFEU 189
10.6 Conclusions 200
Table of Contents
xiii
11. Free Movement of Goods in the Labyrinth of Energy
Policy and Capacity Mechanisms 201
11.1 Introduction 201
11.2 Energy as goods 202
11.3 Free movement of goods and state aid 203
11.4 Free movement of goods: Restrictions 203
11.5 Free movement of goods: Justification 210
11.6 Conclusion 223
PART IV. CASESTUDIES
12. Austria 227
12.1 Introduction 227
12.2 Setting the scene 227
12.3 Energy-only market 235
12.4 European dimension 237
12.5 Conclusion 240
13. Belgium 241
13.1 Introduction 241
13.2 Setting the scene 241
13.3 Capacity mechanism 245
13.4 European dimension 253
13.5 Conclusion 255
14. France 256
14.1 Introduction 256
14.2 Setting the scene 256
14.3 Capacity mechanism 258
14.4 European dimension 264
14.5 Conclusion 270
15. Germany 271
15.1 Introduction 271
15.2 Setting the scene 271
15.3 Energy-only market and network reserve 276
15.4 European dimension 285
15.5 Conclusion 287
16. Greece 288
16.1 Introduction 288
16.2 Setting the scene 288
16.3 Capacity mechanism 293
16.4 European dimension 297
16.5 Conclusion 301
17. Italy 302
17.1 Introduction 302
17.2 Setting the scene 302
17.3 Capacity mechanism 306
17.4 European dimension 310
17.5 Conclusion 313
xiv Table of Contents
18. Netherlands 314
18.1 Introduction 314
18.2 Setting the scene 314
18.3 Energy-only market and the European dimension 318
18.4 Conclusion 320
19. Norway 321
19.1 Introduction 321
19.2 Setting the scene 321
19.3 Energy-only market 325
19.4 European dimension 331
19.5 Conclusion 334
20. Poland 335
20.1 Introduction 335
20.2 Setting the scene 335
20.3 Energy-only market, capacity measures, and a capacity debate 342
20.4 European dimension 347
20.5 Conclusions 349
21. Spain 351
21.1 Introduction 351
21.2 Setting the scene 351
21.3 Capacity mechanism 356
21.4 European dimension 363
21.5 Conclusion 364
22. United Kingdom 365
22.1 Introduction 365
22.2 Setting the scene 365
22.3 Capacity mechanism 370
22.4 European dimension 380
22.5 Conclusion 382
Index
383
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| spelling | Capacity mechanisms in the EU energy market law, policy, and economics edited by by Leigh Hancher, Adrien de Hauteclocque et Małgorzata Sadowska First edition Oxford Oxford University Press 2015 xli, 400 Seiten Diagramme, Karte txt rdacontent n rdamedia nc rdacarrier Europäische Union (DE-588)5098525-5 gnd rswk-swf Energierecht (DE-588)4130688-0 gnd rswk-swf Energiepolitik (DE-588)4014715-0 gnd rswk-swf Energiemarkt (DE-588)4014712-5 gnd rswk-swf Regulierung (DE-588)4201190-5 gnd rswk-swf Europäische Union (DE-588)5098525-5 b Energiemarkt (DE-588)4014712-5 s Regulierung (DE-588)4201190-5 s Energiepolitik (DE-588)4014715-0 s Energierecht (DE-588)4130688-0 s DE-604 Hancher, Leigh 1956- (DE-588)141692685 edt Hauteclocque, Adrien de (DE-588)1069143138 edt Sadowska, Małgorzata Sonstige (DE-588)1019159731 oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028325852&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Capacity mechanisms in the EU energy market law, policy, and economics Europäische Union (DE-588)5098525-5 gnd Energierecht (DE-588)4130688-0 gnd Energiepolitik (DE-588)4014715-0 gnd Energiemarkt (DE-588)4014712-5 gnd Regulierung (DE-588)4201190-5 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4130688-0 (DE-588)4014715-0 (DE-588)4014712-5 (DE-588)4201190-5 |
| title | Capacity mechanisms in the EU energy market law, policy, and economics |
| title_auth | Capacity mechanisms in the EU energy market law, policy, and economics |
| title_exact_search | Capacity mechanisms in the EU energy market law, policy, and economics |
| title_full | Capacity mechanisms in the EU energy market law, policy, and economics edited by by Leigh Hancher, Adrien de Hauteclocque et Małgorzata Sadowska |
| title_fullStr | Capacity mechanisms in the EU energy market law, policy, and economics edited by by Leigh Hancher, Adrien de Hauteclocque et Małgorzata Sadowska |
| title_full_unstemmed | Capacity mechanisms in the EU energy market law, policy, and economics edited by by Leigh Hancher, Adrien de Hauteclocque et Małgorzata Sadowska |
| title_short | Capacity mechanisms in the EU energy market |
| title_sort | capacity mechanisms in the eu energy market law policy and economics |
| title_sub | law, policy, and economics |
| topic | Europäische Union (DE-588)5098525-5 gnd Energierecht (DE-588)4130688-0 gnd Energiepolitik (DE-588)4014715-0 gnd Energiemarkt (DE-588)4014712-5 gnd Regulierung (DE-588)4201190-5 gnd |
| topic_facet | Europäische Union Energierecht Energiepolitik Energiemarkt Regulierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028325852&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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