Full and effective implementation of proposed legislation will be
necessary to ensure a true internal market for energy in the EU,
but this alone will not be sufficient, write Christian Egenhofer
and Kyriakos Gialoglou in this CEPS report.
The following abstract is reproduced from the Centre for
European Policy Studies (CEPS)
A key message of this report is that full and effective
implementation of proposed legislation will be necessary to ensure
a true internal market for energy in the EU, but this alone will
not be sufficient. In parallel, more attention must be paid to
other, less-prominent fields. The report singles out i) the
introduction of incentive-based network regulation and ii) the
careful design of principal elements of the wholesale market, i.e.
trade of electricity and gas for resale (‘wholesale market design
and rules’). Moreover, the internal market needs to be buttressed
with the consistent application of competition rules across member
states to avoid the creation of national champions. The report also
argues that a functioning electricity and gas market depends on
market-compatible solutions to security of supply and environmental
issues and a rethinking of ‘executive agencies’, whose use to date
is inhibited by the Meroni doctrine.
Click here to order the report from the CEPS website [Print: €25
– pdf: €20]