European internal electricity market. What next?

International Nuclear Information System (INIS)

Petrov, K.; Hewicker, C.; Boisseleau, F.; Nabuurs, P.

2007-01-01

2006 has been a very active year in the development of electricity markets worldwide. In Europe the liberalisation process was moving forward driven by the European Directives implemented in the EU states. Together with security of supply and environmental protection, implementation of competitive energy markets has also been one of the main objectives of EU energy policy. A competitive internal market for electricity has been progressively implemented across the European Union since 1999-2000. This process aims at increasing competition in electricity generation and supply leading to enhanced efficiency, which is closely associated with lower production costs and ultimately lower electricity prices. The sector inquiry and the country reviews conducted by the European Commission (EC) during 2006 showed that progress has been achieved. However, there are still a number of issues that need to be resolved in order to achieve an adequately operating internal electricity market. The EC energy package from 10th January 2007 is a set of concrete proposals for action in the energy field and arises in reaction to the Green Paper published on 8th March 2006. The Green Paper 'A European Strategy for Sustainable, Competitive and Secure Energy', on the one hand, identified the main problems that the European energy sector faces and, on the other hand, suggested possible actions to meet key objectives, including security of supply, environmental sustainability and competitiveness towards a unified European Energy Policy. The motivation of the EC package is the need to identify new measures or a strengthening of existing measures to reach the targets and their underlying objectives. The EC package deals with the main issues on energy policy (renewable electricity, internal electricity and gas market, sector competition, sustainable power generation from fossil fuels, nuclear energy, gas and electricity infrastructures and energy technology) and an action plan for energy

Financing Renewable Energy in the European Energy Market

Energy Technology Data Exchange (ETDEWEB)

De Jager, D.; Klessmann, C.; Stricker, E.; Winkel, T.; De Visser, E.; Koper, M. [Ecofys, Utrecht (Netherlands); Ragwitz, M.; Held, A. [Fraunhofer ISI, Karlsruhe (Germany); Resch, G.; Busch, S.; Panzer, C. [Energy Economics Group EEG, Vienna University of Technology, Vienna (Austria); Gazzo, A.; Roulleau, T.; Gousseland, P.; Henriet, M.; Bouille, A. [Ernst and Young, London (United Kingdom)

2011-01-15

The Directive 2009/28/EC on the promotion of the use of energy from renewable sources (RES) sets the overall target to reach 20% renewable energy in gross final energy consumption in 2020. This target is broken down into binding individual Member State targets. Reaching these targets will require a huge mobilization of investments in renewable energies in the coming decade. In order to improve financing and coordination with a view to the achievement of the 20 % target, Article 23 (7) of the Directive requires the Commission to present an analysis and action plan with a view to: (a) The better use of structural funds and framework programmes; (b) The better and increased use of funds from the European Investment Bank and other public finance institutions; (c) Better access to risk capital; (d) The better coordination of Community and national funding and other forms of support; (e) The better coordination in support of renewable energy initiatives whose success depends on action by actors in several Member States. This report presents the results of the title project. The study provides an up to date and thorough assessment of the costs of renewable energy and the support and financing instruments available for renewable energy R and D, demonstration projects and large-scale deployment. This includes details of each Member State's expenditure (via grants, support schemes, loans etc.) and use of Community funds, including loans of the EIB (European Investment Bank) and the EBRD (European Bank for Reconstruction and Development). It also explores the possible instruments for use in the future and constraints in the capital market, which hinder the development of renewable energy. Finally, it develops recommendations for improving financing and support instruments, improving the sector's access to capital, and closing the financing gap for reaching the 2020 targets. The chapters of the report represent separate tasks: (1) Costs of renewable energy

Market integration of local energy systems: Is local energy management compatible with European regulation for retail competition?

NARCIS (Netherlands)

Eid, C.; Bollinger, L.A.; Koirala, B.P.; Scholten, D.J.; Facchinetti, E.; Lilliestam, J.; Hakvoort, R.A.

2016-01-01

The growing penetration of distributed energy resources is opening up opportunities for local energy management (LEM) – the coordination of decentralized energy supply, storage, transport, conversion and consumption within a given geographical area. Because European electricity market liberalization

The European electricity market

International Nuclear Information System (INIS)

1988-01-01

The creation of a single European market also will have its effects on the power and electricity sector. Expectations tied to this abandonment of borders on the electricity market are different: some hope for a reduction of energy costs, others fear safeguarded supplies to be at risk. It cannot be fully judged at present what the situation will be on a strongly integrated, European power and electricity market, and the brochure in hand is intended to present a first survey of the situation from the perspective of the power industry and energy policy, concentrating on main aspects. The survey is compiled in the form of reprints of journal articles written on this topic by a number of well-known German experts in the field. (orig./HP) [de

Adequate intraday market design to enable the integration of wind energy into the European power systems

Energy Technology Data Exchange (ETDEWEB)

Weber, Christoph [University Duisburg-Essen, Chair for Energy Economics and Management Sciences, Universitaetsstrasse 12, 45 117 Essen (Germany)

2010-07-15

This contribution analyses the European electricity markets with respect to their aptitude to absorb large amounts of wind energy. Thereby in a first step the market designs of the major European power markets in France, Germany, Scandinavia, Spain and UK are reviewed, with a particular focus on liquidity in the spot and intraday markets. Then some key features of the short-term adjustments required by wind energy are discussed and the necessity of sufficient liquidity in intraday markets is highlighted. For the example of the German market subsequently the discrepancy between the physical short-term adjustment needs and the traded volumes on the intraday market is analyzed. This leads to an evaluation of proposals for improving the liquidity on the short-term market, including the use of continuous spot trading like in UK or the use of intraday auctions like in Spain. (author)

Institutions in European and Asian energy markets: A methodological overview

International Nuclear Information System (INIS)

Aalto, Pami

2014-01-01

This article introduces a methodological framework to study institutions in European and Asian energy markets with a comparative case study on the EU and east Asia. A distinction is made between informal and three types of formal institutions; and their transaction cost reducing, order creating and ecological/climatic functions. The operation of energy markets is explained through the structure of institutions, their types and functions. It is found that order-creating institutions guarantee enough stability, (mutual) trust and solidarity among EU Member States to support the competitive markets institution and supranational formal institutions as the underpinnings of trade in the internal energy market, which nevertheless retains some corporatist features. In the east Asian markets the nature of order-creating institutions sovereignty, energy diplomacy and great power management prevents the emergence of supranational formal institutions and a shared idea of trade. The prevailing structure has a large number of sub-regional organisations with overlapping tasks and few powers. In both markets the functions of institutions signify more than their number; transaction cost reducing institutions are dependent on order-creating institutions, while both of these functions are better realised on the regional level than ecological/climatic functions; ultimately informal institutions are most influential. - Highlights: • Institutions include informal types and three formal types. • The functions of institutions relate to transaction costs, order and ecology. • Transaction cost reduction depends on order creating institutions. • Ecological functions are the most difficult to realise regionally. • Informal institutions are most influential in the EU and east Asian markets

European Energy Integration in East European Countries: Real Necessity to Assure Fair Market prices for Energy Resources

Directory of Open Access Journals (Sweden)

Augustin IGNATOV

2016-06-01

Full Text Available In order to assure energy, and therefore, economic stability of East European States (hereafter EES there should be undertaken visible steps towards deeper energetic integration of the region under the coordination of EU. In such a way there will be considerably strengthened the regional economic security through creating functional mechanisms of solving current and potential energy issues including diversification of supplies and fairer market prices. Moreover, it will be possible to develop and implement more effectively energy infrastructure projects. Deeper and more functional energy integration in EES will create favorable preconditions of fostering the states’ economic development. Also, there will be considerably reduced the macroeconomic risks which could possible occur as a result of the struggle of interests of importing and supplying countries. The current paper is intended to underline the most important weaknesses in terms of energy security of EES and exemplify how efficient these problems could be tackled by cumulating common countries’ efforts in the sector. Also, it highlights the shortcomings of EU energy policy in EES and how these affect the economic prospective of the countries. Finally, it is remarked that EES need a common energy market in order to strengthen their negotiation positions in relation with supplying countries.

Central European gas market perspectives

International Nuclear Information System (INIS)

Vanous, Jan

1999-01-01

This presentation deals with (1) Definition of the Central European market, (2) Factors driving up consumption of natural gas in Central and Eastern Europe, (3) Role of natural gas in regional energy consumption, (4) Position of natural gas in individual country markets, (5) Future sources of imported natural gas into the region. The Central European market are the eleven countries Albania, Bulgaria, Croatia, Czech Republic, Hungary, Macedonia, Poland, Romania, Serbia and Montenegro, Slovakia, and Slovenia, with a total population of 121 million. This market is comparable to combined France and Italy in terms of population, but only 30% of its size in terms of GDP

The electricity prices in the European Union. The role of renewable energies and regulatory electric market reforms

International Nuclear Information System (INIS)

Moreno, Blanca; López, Ana J.; García-Álvarez, María Teresa

2012-01-01

The European Union electricity market has been gradually liberalized since 1990s. Theoretically, competitive markets should lead to efficiency gains in the economy thus reducing electricity prices. However, there is a controversial debate about the real effects of the electricity liberalization on electricity prices. Moreover, the increased generation of electricity from renewable energies RES-E (Electricity from Renewable Energy Sources) is also integrated in wholesale market reducing wholesale prices, but the final effect over household prices is not clear. In order to contribute to this debate, this paper provides an empirical investigation into the electricity prices determinants. In fact we develop econometric panel models to explore the relationship between the household electricity prices and variables related to the renewable energy sources and the competition in generation electricity market. More specifically we use a panel data set provided by Eurostat and covering 27 European Union countries during the period 1998–2009. Our results suggest that electricity prices increase with the deployment of RES-E and with the expansion of greenhouse gas emissions produced by energy industries- as a European Union CO 2 emission trading scheme exists. Results also reveal that country's characteristics can affect household electricity prices. -- Highlights: ► Electricity liberalized markets should lead to reduce electricity prices. ► The use of renewable energies (RES) reduce wholesale electricity prices. ► However, household electricity prices are increasing in European Union. ► Panel data models are developed to investigate the effect of RES and electricity competition on household electricity prices. ► We find that the deployment of RES increases prices paid by consumers in a liberalized market.

Management of electricity markets in European Union

International Nuclear Information System (INIS)

Zamfir, A.; Florescu, M.S.

2007-01-01

The challenges facing energy markets in Europe were discussed with particular reference to the need to integrate and interconnect national energy markets. The Romanian power market evolution since 2000 was also analyzed, taking into account the fact that the strategic objective of the Romanian Government is to assume the role of Regional Exchange in the South-East European region. A common approach to energy is needed to enable the European Union (EU) to compete in global markets, to improve sustainability in the EU and to secure energy supply. An overall framework is needed in order to achieve these objectives. This paper presented the general measures needed to complete the internal gas and electricity markets in Europe. It also proposed measures to ensure that the EU's internal energy market guarantees security of supply and solidarity between Member States. The guiding principles that an approach to information management and market transparency should be based on were described. The authors suggested that an integrated and competitive electricity and gas markets should be established to promote efficient energy services and diversify the energy mix. The measures needed in order to achieve the goal of a genuine single market at EU level were described along with the actions needed to stimulate investments in infrastructure and generation capacity. Measures to prevent or manage energy supply crises were also proposed. 4 refs., 1 tab

The European Coal Market: Will Coal Survive the EC's Energy and Climate Policies?

International Nuclear Information System (INIS)

Cornot-Gandolphe, Sylvie

2012-01-01

conventional reserves of fossil fuels. Coal contributes to the economic activity and employment in the region. The EU mining industry employs 260,000 workers (direct jobs) and the turnover of the whole coal industry is estimated at Euros 25 billion a year. Coal prices, despite their rising trend in the past few years, are much lower than competing fuels: half the price of natural gas imported in Europe. As coal ensures safe, reliable, affordable and sustainable energy for all, it will be very much needed in the years to come. However, coal is proscribed in a CO 2 -free environment. Its combustion in thermal power plants - its main outlet in Europe - emits twice as much CO 2 as gas plants. Although a lot of R and D work is done to capture CO 2 emissions from coal plants and store it, no zero emission commercial plants have yet started operation. Several CCS projects have been delayed, or even cancelled, in the past few years due to regulatory uncertainties, a lack of funding and public opposition to CO 2 storage. The current European economic crisis and the large sovereign debts have also reduced public funding in CCS projects. The future of coal in Europe is therefore very uncertain. Will CCS development allows it to remain a fuel of choice, given large available reserves at low prices, compared with competing energy sources? Or will coal disappear from the European energy mix? How fast will the decline in European coal production be? This report looks at these issues and highlights some facts, trends and regulation that may affect the supply and demand of coal in the future. The analysis concentrates on steam coal used to generate electricity, since the power generation sector is by far the largest user of coal in Europe. The first part of this report looks at the European coal market region-wide. Chapter 1 describes the EU coal market in the global context. Chapter 2 analyses the significance of the European coal mining industry and its future after the end of state aid

Market integration of local energy systems: Is local energy management compatible with European regulation for retail competition?

OpenAIRE

Eid, Cherrelle; Bollinger, L. Andrew; Koirala, Binod; Scholten, Daniel; Facchinetti, Emanuele; Lilliestam, Johan; Hakvoort, Rudi

2016-01-01

The growing penetration of distributed energy resources is opening up opportunities for local energy management (LEM) – the coordination of decentralized energy supply, storage, transport, conversion and consumption within a given geographical area. Because European electricity market liberalization concentrates competition at the wholesale level, local energy management at the distribution level is likely to impose new roles and responsibilities on existing and/or new actors. This paper prov...

The future of the Europe of energy: towards the domestic energy market; network codes: where are we; the gas infrastructure European grid, which ambitions for 2030?; Action to boost the carbon market; LPG in Europe

International Nuclear Information System (INIS)

Anon.

2014-01-01

A set of articles first discusses the perspective of creation of a European domestic energy market which appears in the elaboration of the French energy policy, whereas industrial actors are still reluctant. The second article briefly comments the progress in the elaboration of common rules by the European Union for the creation of this European energy domestic market, i.e. the network codes. The third article addresses the common projects of energy infrastructures presented by the European Commission in 2013: about half of these projects are concerning gas infrastructures, and could be quickly achieved. The next article discusses the proposals and reactions about the strategic framework presented in January 2014 by the European Commission for 2030. An article briefly presents measures taken to boost the carbon emission trading scheme. The last article addresses the evolution of the LPG market in Europe, and outlines that its development potential is still under-exploited

EU Energy Law. Volume 1. The Internal Energy Market. 2. ed.

International Nuclear Information System (INIS)

Jones, C.; Webster, W.

2006-06-01

European energy markets are undergoing rapid and fundamental change. In 2005 the European Council and European Parliament adopted the second energy liberalisation package, including the new electricity and Natural Gas Directives and the Electricity Regulation. In addition, the European Commission tabled new Directives on Security of Supply and a draft Natural Gas Regulation. This is affecting markets not only in the European Union, but throughout Europe, the Mediterranean, the Balkans and Russia. These changes have affected not only energy law. Community competition law in the energy sector has been evolving quickly, reacting to the restructuring of the markets, and the new commercial partnerships that result. EU Energy Law is a complete and essential reference work for all those advising on and implementing in practice the enormous changes in today's electricity and gas markets. It is written for both legal specialists and for those working in industry responsible for overseeing the move towards open and competitive markets

The European Gas and Oil Market: The Role of Norway

International Nuclear Information System (INIS)

Harbo, F.

2008-01-01

The research question of this paper is related to the role of Norway in the European gas and oil market. This study aims to give a presentation of the energy policy in Norway and Norwegian participation at the European level. The first chapter will introduce Norwegian relations with Europe. For the purpose of my research, I will focus mainly on Norwegian energy policy in the second chapter, presenting Norway's oil industry in chapter 2.1.; Norwegian gas production in chapter 2.2.; and the Norwegian electrical power system in chapter 2.3. The sub-chapter 2.4. will analyse in detail the activity of the largest Norwegian oil and gas company, StatoilHydro. The third chapter will be dedicated to Norway's green energy policy (wind, sun and water), etc. The fourth chapter looks at the European perspective and will examine the European strategic gas and oil market in a globalized world. The fifth chapter will present Norway's participation in the European gas and oil market. Such strategic research must also include a look at the European Union's (EU) energy market development between Russia and Norway, which will be presented in chapter six. And finally, Norway's contribution to the development of an EU energy policy in fighting climate change will be emphasised in chapter seven. This research will analyse the following central issues: - Norwegian oil industry, - Norwegian gas production, - Norwegian electrical power system, - Norwegian challenges in the European gas and oil market. (author)

Centre of the European gas market. The European Autumn Gas Conference

International Nuclear Information System (INIS)

Van Hasselt, F.; Van der Wal, W.; Ruinen, H.

1998-01-01

From the results of the 1997 European Autumn Gas Conference in Barcelona, Spain, it appears that the European gas industry is mainly focused on the liberalization of the European energy market. The main topic of the Conference was 'dealing with surplus'. A brief overview is given of the natural gas trade developments in the European countries. 1 ill., 1 tab. 2 ills

Economics of total energy schemes in the liberalised European energy market

Science.gov (United States)

Lampret, Peter

This thesis is concerned with the liberalisation of the European Energy markets and the affects this has had on total energy systems. The work concentrates on a number of case studies all of which are located in the area surrounding Gelsenkirchen - Bottrop - Gladbeck, the centre of the Ruhr region of Germany.The thesis describes briefly how the legislation of the parliament of the extended European Union has been interpreted and enacted into German legislation and its affects on production, transport, sales and customers. Primarily the legislation has been enacted to reduce energy costs by having a competitive market while enabling security of supply. The legislation whose development has accelerated since 1999 can lead to negative effects and these have been highlighted for the case studies chosen.The legislation and technological advances, each of them successful by themselves, do not provide the expected reduction of carbon dioxide emissions when applied to total energy system. The introduction of human behaviour as a missing link makes the problems evident and gives a theoretical basis to overcome these problems. The hypothesis is proven by eight detailed research projects and four concisely described ones.The base of the research is the experience gained on approximately 1,000 operation years of the simplest total energy system, that of centralised heating. This experience is transferred to different solutions for total energy systems and their economics in combination with the changing legislation and observation of human behaviour.The variety of topics of the case studies includes the production of heat by boiler, solar or combined heat and power and the use of fuel cells. Additionally the transfer of heat, at the place of demand is considered, either as an individual boiler in a building or as de-centralised district heating.The various results of these projects come together in a final project which covers four different heating systems in identical

European Electricity Markets in Crisis: Diagnostic and Way Forward

International Nuclear Information System (INIS)

Roques, Fabien

2013-01-01

The European electricity industry is going through a profound crisis as several factors combine to create a challenging operating environment for thermal plants. The key issue is that the regulatory and market framework create a climate of deep policy and regulatory uncertainty which will hamper investments and will not deliver on the long term objectives of decarbonization and competitiveness of the European economy. This report analyses both the short and long term challenges for the European electricity markets, and highlights some directions for reform. The report has three main parts. The first part describes the current status quo and challenges associated with the long term decarbonization of the European economy: Section 1 sets the scene by describing the current challenges for the European electricity industry and the challenges associated with the long term decarbonization of the European economy; Section 2 quantifies the investment challenge for the electricity industry and shows how the current regulatory uncertainty undermines investments and will likely not deliver on the stated policy objectives; The second part of the report focusses on the 'extrinsic' issues which affect electricity markets: Section 3 reviews the wider context for electricity market liberalization, which calls for a rethink of the European energy policy framework, including the recent developments in global energy markets, as well as the impact of rising energy prices on economic competitiveness; Section 4 presents the distortive effects of support policies for low carbon technologies and the issues with the European carbon Trading Scheme; The third and last part of the report concentrates on the 'intrinsic issues' with electricity markets: Section 5 details the experience to date with European electricity markets liberalization, and highlights the achievements as well as the shortcomings of the liberalization and integration process; Section 6 dwells into the 'intrinsic issues

Market liberalization in the European Natural Gas Market. The importance of capacity constraints and efficiency differences

Energy Technology Data Exchange (ETDEWEB)

Brakman, S. [University of Groningen, Faculty of Economics, Department of International Economics and Business, P.O. Box 800, 9700 AV Groningen (Netherlands); Van Marrewijk, C.; Van Witteloostuijn, A. [Utrecht University, Utrecht School of Economics, Janskerkhof 12, 3512 BL Utrecht (Netherlands)

2009-06-15

In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen for at least two reasons. First, energy markets, including the market for natural gas, are characterized by imperfect competition and increasing costs to develop new energy sources. As a result, new entrants in the market are less efficient than incumbent firms. Second, energy markets, again including the market for natural gas, are associated with capacity constraints. Prices are determined in residual markets where the least efficient firms are active. This is likely to lead to price increases, rather than decreases.

European energy policy and Italian national rights

International Nuclear Information System (INIS)

Gentile, G.G.

1991-01-01

In light of energy market upheavals expected as a result of the up-coming European free trade market, impacts on existing Italian energy legislation, currently hinging on the monopolistic activities of ENEL, (Italian National Electricity Board) are examined. The various aspects dealt with include: legal implications of the integration, under monopolistic and deregulated national energy market scenarios, of new legislation, on the production and distribution of renewable energy sources, with existing energy legislation; the combined effects of strong competition in a new international energy market and energy supply vulnerability due strong dependence on OPEC supplied petroleum; Italian regional economic unbalance due to the possible introduction, in a deregulated European electric power market, of a common carrier system of electric power distribution, that due to Italy's particular geography is expected to be controlled by a firm locatednear the northern border; power pooling legislation and rate structure transparency in a deregulated energy market

Economic analysis of the expected environmental impact of the Single European Market through the transport, waste and energy sectors

International Nuclear Information System (INIS)

Brutscher, S.

1993-01-01

Similarly to other studies the present dissertation presupposes that the Single European Market will lead to an increase in transport waste quantities, and energy consumption and consequently to greater environmental pollution. Of central importance here is the concept of ''expletive costs'' introduced in this paper which describes that damage to the natural and human environment which is not compensated. It forms out that the sectors of transport, waste, and energy alone will most probably send the expletive costs of the Single European Market into astronomic dimensions. In view of the interdependencies of these three sectors it seems doubtful whether the economic benefit to be expected from the establishment of the Single European Market can justify the additional environmental damage thus caused. (HP) [de

Production and competition in the European electric sector. 4. report from the research project 'renewable energy in the community's internal market'

International Nuclear Information System (INIS)

Kjersgaard, A.

1997-01-01

The aim is to elucidate the dynamic interactive pricing, competition and market mechanisms that are valid for the European electric power market. The perspective in the report is to analyse the vertical flow of substance and values of energy, the interaction of the actors, and the economic relations. The first link in the vertical chain is the energy raw materials supplies: the reserves and production of fossil and nuclear fuels and the relation to globalization of electricity production. The next link is the production of electricity: the production technologies used and their positioning, the importance of large trans-national utilities in relation to technological changes. The third link is the market and the changes of the market between production, transmission, distribution and consumption of electricity, and the consequences of these changes. Two horizontal regulating sectional views are analysed: The European Union regulations of the electric power sector and the Danish regulations of power supplies. Finally, production and competition of electric power from renewable energy sources, i.e. wind power, in a future European energy market is put into perspective. (LN) 134 refs

European commission report on market opening

International Nuclear Information System (INIS)

Anon.

2005-01-01

Governments must step up their effort to implement measures relating to market opening within the framework of the directives on gas and electricity. Only greater integration of national markets will produce the improvements required from a competitive point of view on the domestic energy market. These are the main conclusions of the annual report on domestic electricity and gas market operation adopted by the European Commission at the beginning of January 2005. (author)

Financial incentives to promote renewable energy systems in European electricity markets: a survey

International Nuclear Information System (INIS)

Haas, R.; Huber, C.; Wohlgemuth, N.

2001-01-01

Renewable energy systems may contribute to sustainable development. Therefore, one of the challenges for energy policy is to ensure that renewable energy options have a fair opportunity to compete with other supply resources. This paper presents a survey on promotion mechanisms to enhance the market penetration of renewable energies in European electricity markets. Strategies include rebates and tax incentives, regulated rates, system benefit charges, bidding-oriented mechanisms and various types of green pricing programs. The paper concludes that efficient promotion mechanisms should focus on incentives per kWh generated rather than on rebates on the investment in generating capacity (kW), and that there is no one single program type which has the best application to the promotion of all renewable technologies. For example, enhanced buy-back rates work as a dissemination strategy for wind energy but they do not work for photovoltaics. (author)

European Energy Markets Observatory. 2007 and Winter 2007/2008 Data Set

International Nuclear Information System (INIS)

2008-11-01

Launched in 2002, with the primary objective to assess the progress of deregulation in the European Member States, the report now tackles all the major issues faced by the Utilities industry and analyses its main indicators. This allows to monitor the supply and demand balance, measure the progress in establishing a European integrated market and follow the advancement of competition. The report scans all the segments of the value chain and analyses the hot topics of the moment (impact of the crisis on the sector, increase of the energy prices, nuclear, security of supply, renewables, climate change issues, CO2 emissions, end-users' tariffs, etc.), to identify the key trends of the electricity and gas industries. This is the 10th edition.

European Energy Markets Observatory. 2008 and Winter 2008/2009 Data Set

International Nuclear Information System (INIS)

2009-11-01

Launched in 2002, with the primary objective to assess the progress of deregulation in the European Member States, the report now tackles all the major issues faced by the Utilities industry and analyses its main indicators. This allows to monitor the supply and demand balance, measure the progress in establishing a European integrated market and follow the advancement of competition. The report scans all the segments of the value chain and analyses the hot topics of the moment (impact of the crisis on the sector, increase of the energy prices, nuclear, security of supply, renewables, climate change issues, CO2 emissions, end-users' tariffs, etc.), to identify the key trends of the electricity and gas industries. This is the 11th edition.

European Energy Markets Observatory. 2009 and Winter 2009/2010 Data Set

International Nuclear Information System (INIS)

2010-11-01

Launched in 2002, with the primary objective to assess the progress of deregulation in the European Member States, the report now tackles all the major issues faced by the Utilities industry and analyses its main indicators. This allows to monitor the supply and demand balance, measure the progress in establishing a European integrated market and follow the advancement of competition. The report scans all the segments of the value chain and analyses the hot topics of the moment (impact of the crisis on the sector, increase of the energy prices, nuclear, security of supply, renewables, climate change issues, CO2 emissions, end-users' tariffs, etc.), to identify the key trends of the electricity and gas industries. This is the 12th edition.

New green paper on European energy policy

International Nuclear Information System (INIS)

Heller, W.

2006-01-01

On March 8, 2006, EU Commission president Jose Manuel Barroso and Energy Commissioner Andris Piebalgs presented to the public the Green Paper on 'A European Strategy for a Sustainable, Competitive, and Secure Energy', which had been expected for some time. The authors thus underscore the great importance for European development of energy policy. However, the European treaties restrict the competence of the EU in matters of energy policy. The Green Paper is to spark off a broad consultation and discussion process about the potential design of a comprehensive European energy policy. 6 main areas are mentioned in which action needs to be taken: - Energy for growth and employment. - Single energy market and continuity of supply. - Mix of energy resources: sustainable, efficient, divers. - Climate protection. - Innovation in energy technologies. - Coherent foreign policy in matters of energy. 3 key objectives are identified: - Development of renewable and other energy sources also with low CO 2 emissions. - Opening of markets, promotion of investments, energy efficiency. - Continuity of supply. (orig.)

How to benefit from a common European electricity market design

International Nuclear Information System (INIS)

Ringler, Philipp; Keles, Dogan; Fichtner, Wolf

2017-01-01

The realization of an Internal Electricity Market in Europe is currently, on the one hand, progressing, in particular thanks to the wide-spread implementation of market coupling solutions for cross-border congestion management. On the other hand, diverging national market designs pose a threat to the continuation of this process. Given the challenges to electricity market design in a multi-regional context, we analyze how different design aspects, namely cross-border congestion management and capacity mechanisms, affect welfare and generation adequacy in Europe. In doing so, we rely on an agent-based simulation model for electricity wholesale markets which we apply within several numerical, computational case studies for the region of Central Western Europe (2012–2030). Our results confirm the benefits of market coupling in terms of welfare as well as generation adequacy. Furthermore, we find indications that coordinating market designs across regions supports these targets. Therefore, we recommend that European energy policy forms a stable, transparent regulatory framework with cross-border market coupling as an integral component. In this context, energy policy targets should be clearly defined and operationalized, which also needs to consider potential conflicts between them. Finally, electricity market designs need to be coordinated among states to benefit most from a common European market. - Highlights: • European electricity markets at crossroads given diverging market designs • Simulation of CWE Market Coupling using an agent-based model. • Welfare and adequacy gains from European market coupling and new interconnections. • Conflicts between energy policy targets to be considered in market design. • Coordination key to further strengthen integration of electricity markets in Europe.

The European gas market at the 2008 prospects

International Nuclear Information System (INIS)

2004-11-01

Because of the opening of European energy markets to competition and to the dynamism of gas consumption, the natural gas market has become very attractive. In parallel, the development of infrastructures (in particular for the LNG industry) offer setting up possibilities to newcomers. Moreover, the synergies linked to the gas/electricity convergence diminish the boundary between electricity and gas markets. In this context, the historical operators of European gas markets have to face the offensive of oil and electric power companies. This study tackles the following questions: what are the gas demand evolution prospects? What are the most attractive consumption areas? How gas prices will change in mid-term? What is the competitive intensity of national markets? Which commercial positioning is to be adopted? What future for dual offers? What is the advantage of regulated activities for operators? Who are the best positioned actors? What will be the mid-term role of Gazprom? What are the mid-term prospects of European market reconfiguration? This study analyses the strategy and positioning of the main European gas operators and shows their forces and weaknesses. It includes a financial comparison of the 20 main groups present in the European natural gas market. This analysis allows to propose 4 scenarios of mid-term evolution for this market. (J.S.)

Energy challenges of the Single Market

International Nuclear Information System (INIS)

Blakey, S.

1991-01-01

The Single Market Initiatives promise to reshape many areas of western Europe's energy markets. They will entail a number of changes for the Continent's oil, gas, electricity, and coal businesses. Some of those changes promise to improve market efficiency, others threaten to restrict it. Current negotiations could have a particularly far-reaching impact on western Europe's gas markets, which according to some reports, do not require any alternations. While western Europe's energy industry makes ready for the single market, eastern Europe's energy sector awaits the European Energy Charger, a multilateral agreement that could completely renovate the rules of this region's energy game. The rule changes could prove to be especially important for businesses from the United States. This paper examines this reshaping of Europe. It considers the ways in which old arrangements might be transformed into a new, but not necessarily improved, European order

Stepping stones to significant market shares for renewables. The European forum for market players and decision makers in the renewable energy industry

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-07-01

This invitation to a two-day European Forum for market players and decision makers in the renewable energy business lists the presentations made at the conference in 2007. The programme included contributions in the following areas: Policies and market deployment initiatives, market trends and experience - from support schemes to market experience, opportunities in a changing framework in Switzerland, instruments and infrastructure requirements - how to make the market work and supply and demand aspects of a growing market. The conference examined how renewable forms of energy can gain significant market shares and reach a quota of 50% renewables in 50 years. The first session examined policies and market deployment initiatives, the second market trends and experiences, the third opportunities for Switzerland in a changing framework. The second day featured sessions on instruments and infrastructure requirements as well as on supply and demand aspects in a growing market. The conference was complemented with four workshops.

Stepping stones to significant market shares for renewables. The European forum for market players and decision makers in the renewable energy industry

International Nuclear Information System (INIS)

2007-01-01

This invitation to a two-day European Forum for market players and decision makers in the renewable energy business lists the presentations made at the conference in 2007. The programme included contributions in the following areas: Policies and market deployment initiatives, market trends and experience - from support schemes to market experience, opportunities in a changing framework in Switzerland, instruments and infrastructure requirements - how to make the market work and supply and demand aspects of a growing market. The conference examined how renewable forms of energy can gain significant market shares and reach a quota of 50% renewables in 50 years. The first session examined policies and market deployment initiatives, the second market trends and experiences, the third opportunities for Switzerland in a changing framework. The second day featured sessions on instruments and infrastructure requirements as well as on supply and demand aspects in a growing market. The conference was complemented with four workshops.

The current situation and mid-term prospects for European electricity markets

International Nuclear Information System (INIS)

Helm, Dieter

2013-01-01

This analysis of the current situation and mid-term prospects for European electricity markets presents: the objectives of energy policy, the historical legacy, the attempts at European integration and the Internal Energy Market (IEM), the coming of the Climate Change Package, the impact of the world economic and Euro-zone crises, the impact of shale gas and the new world of fossil fuel abundance, the impact of renewables on emissions, the impact of renewables on electricity markets, the EU emissions trading system (EU ETS) and the renewables and the electricity markets, the coming of capacity crunch in some cases, the capacity markets, the return of central buyers and national energy policies, and what is to be done for the world electricity markets

Stakes and consequences of the opening of energy markets

International Nuclear Information System (INIS)

Anon.

2002-01-01

This colloquium on the European energy market was organized by the group of energy studies of the commission of economic affairs of the French Senate. The aim of the colloquium was to debate the industrial organization of France in the context of opened energy markets. This article summarizes the point of view of the different participants concerning: the security of energy supplies, the situation of the opening of energy markets in the different European countries, the role of market regulation authorities, the necessary evolutions, the legal risks linked with open markets, and the examples of the German and US markets. (J.S.)

European oil demand and 1993 Common Market potential effects

International Nuclear Information System (INIS)

Chevalier, J.M.

1991-01-01

Unification of the energy european market will heavily enhance external energy dependence and inter-energy competition. In order to respond to these new challenges, petroleum industry will have to change, probably in the direction of an increased integration concentration. Petroleum market share, moreover, will depend largely from environmental trends in EEC politics and regulations

The development of European gas markets. Environmental, economic and political perspectives

International Nuclear Information System (INIS)

Estrada, J.; Moe, A.; Martinsen, K.D.

1996-01-01

By reviewing past history and developments in the European gas markets and European energy policy, this book identifies the driving forces for future market development. Topics covered include future gas demand and potential supplies, inter-fuel competition and the likely structure of gas markets in Europe in the future. (UK)

The design of tomorrow's European electricity market; Das europaeische Strommarktdesign der Zukunft

Energy Technology Data Exchange (ETDEWEB)

Kranner, Karl; Sharma, Stephan [Verbund AG, Wien (Austria). Geschaefststeuerung und Marketing

2013-01-15

In today's times of rising feed-in rates from renewable energy and competing market models, the need for an integrated European energy market is growing ever more urgent. The first phase of liberalisation of the European electricity markets was marked by the development of national sub-markets which differed in their degree of liberty. Due to network bottlenecks at the borders, substantial price differences were seen to arise between market regions, with the exception of those between Germany and Austria. This leads to the question as to how the integration of the internal European energy market can best be brought about. A six-point programme elaborated by Verbund AG banks on market mechanisms rather than regulation as a means of strengthening the electricity market.

The European Gas Market. A Reality Check

International Nuclear Information System (INIS)

Parmigiani, Laura

2013-01-01

With the approach of the 2014 deadline for the completion of a truly European liberalised energy market, there is growing concern on the adequacy of the market structure with the changed economic and geopolitical environment. Market-based and short-term approaches have been fostered for both gas and electricity markets. Energy and climate policies have therefore a primary function in designing the basic rules for these markets to develop. This study addresses two key issues related to the market design envisaged for the gas sector in Europe. The first raises questions about the adequacy of the market design proposed for the gas market with respect to security of supply. In fact, despite a higher dependence to external gas sources, the gas system has been developing all over Europe and it is becoming a key component of the European energy mix, in particular thanks to its back-up role for intermittent electricity generation and its lower content of CO 2 emissions with respect to coal. The external dimension of the gas market is thus taking a greater place in the approach to gas supply strategies. Security of supply is a key component in the gas sector and cannot be ignored in the creation of a European gas market. Moreover, the oligopolistic characteristic of the supply side has to be carefully assessed as it is well recognized that two countries (Norway and Russia) provide up to almost 60% of total external supplies. The study therefore investigates to what extent the gas market design and its implementation rules take into consideration this dimension. It will be argued that the gas target model envisaged by regulators and the EC, by aiming at increasing the number of market exchanges based on market hubs or virtual exchange points, will not significantly contribute to security of supply. On the contrary, a greater concentration could be an undesired outcome of this process. The second issue thus relates to the more practical on-going reforms that establish common

Energy challenges: European viewpoints and French answers

Directory of Open Access Journals (Sweden)

Marc Gjidara

2013-01-01

Full Text Available The European Union attempts to improve the European energy market so that it is better coordinated because in a unified Europe it is no longer possible to act in isolation. The production of energy form renewable sources of great proportions demands a mutually linked European energy market if the aims established in the “Energy and Climate” programme and adopted in 2009 are to be achieved. The aim of this paper is to establish how the principles of European Law influence legal norming in energy issues and in the battle against global warming. The development of energy which does not emit carbon dioxide is in accordance with the aims set by the European Union. In that area, this development relies on regions, and not just countries which are not always able to implement defined ambitious aims. Energy continues in the majority of cases to depend on the power of countries and European control is limited. The European Union participates mainly in the co-ordination and support of national policy, within provisions relating to trans-European networks and within environment protection policy. In principle, the measures relating to the choice of each country from the various sources of energy and on the general structure of providing energy have been unanimously accepted. Particular attention has been given to comparing the French legal rules which are applied in the development of renewable sources of energy and the adaptation of the law on renewable sources of energy and laws on environmental protection to urban planning and the importance of supervision with European legal standards of regulation.

European energy policy: the green book

International Nuclear Information System (INIS)

Anon.

2006-01-01

Energy dependence, insecurity of supplies, rise of demand and prices, global warming: these are the characteristics of the energy situation of the 21. century. The new green book of the European Commission about 'a European strategy for a safe, competitive and durable energy' starts from this alarming status and proposes some suggestions for the building up of a new global European energy policy: realization of the European domestic energy markets (a European energy network, a priority interconnection plan for gas networks, a separation of transport and distribution activities for equitable rules, a reinforcement of the competitiveness of the European industry), a joint security of supplies between member states (redefining the EU position about strategic oil and gas reserves), a sustainable, efficient and diversified energy offer, an integrated approach to fight against global warming (improving energy efficiency, development of renewable energy sources, carbon sequestration), encouraging innovation, developing a consistent foreign policy of energy (a clear policy for the security and diversification of energy supplies, energy partnerships between producers, transit countries and other international actors). (J.S.)

The european union emission trading scheme and energy markets: economic and financial analysis

International Nuclear Information System (INIS)

Bertrand, Vincent

2012-01-01

This thesis investigates relationships between the European Union Emission Trading Scheme (EU ETS) and energy markets. A special focus is given to fuel switching, the main short term abatement measure within the EU ETS. This consists in substituting Combined Cycle Gas Turbines (CCGTs) for hard-coal plants in off-peak power generation. Thereby coal plants run for shorter periods, which allows power producers to reduce their CO 2 emissions. In Chapter 1, we outline different approaches explaining relationships between carbon and energy markets. We also review the literature relating to these issues. Next, we further describe the fuel switching process and, in particular, we analyze the influence of energy and environmental efficiency of thermal power plants (coal and gas) on fuel switching. In Chapter 2, we provide a theoretical analysis that shows how differences in the efficiency of CCGTs can rule interactions between gas and carbon prices. The main result shows that the allowance price becomes more sensitive to the gas price when the level of CO 2 emissions increases. In Chapter 3, we examine interactions between carbon, coal, gas and electricity prices in an empirical study. Among the main results, we find that there is a significant link between carbon and gas prices in the long-run equilibrium. In Chapter 4, we analyze the cross-market price discovery process between gas and CO 2 markets. We identified in previous chapters that there is a robust significant link between gas and CO 2 markets. They are linked commodities, and their prices are affected by the same information. In an empirical analysis, we find that the carbon market is the leader in cross-market price discovery process. (author)

European gas market developments. Opportunities and threats

International Nuclear Information System (INIS)

Van Oostvoorn, F.

1998-09-01

The paper is based on two studies conducted by ECN, namely a study entitled 'An analysis of the West-European gas market: a company approach' and another entitled 'Developments of gas markets across Europe' to be published in November 1998. The paper addresses the past driving factors responsible for the increasing share of gas in the EU energy demand. Furthermore it very briefly discusses the rising dependency of the European Union (EU) on gas imports from non-EU sources such as Russia and the expected gas-to-gas competition in a large number of EU countries in the next decades. 25 refs

European wood pellet market integration - A study of the residential sector

International Nuclear Information System (INIS)

Olsson, Olle; Hillring, Bengt; Vinterbaeck, Johan

2011-01-01

The integration of European energy markets is a key goal of EU energy policy, and has also been the focal point of many scientific studies in recent years. International markets for coal, oil, natural gas and electricity have previously been investigated in order to determine the extent of the respective markets. This study enhances this field of research to bioenergy markets. Price series data and time series econometrics are used to determine whether residential sector wood pellet markets of Austria, Germany and Sweden are integrated. The results of the econometric tests show that the German and Austrian markets can be considered to be integrated, whereas the Swedish market is separate from the other two countries. Although increased internationalization of wood pellet markets is likely to contribute to European price convergence and market integration, this process is far from completed. (author)

Recent developments in European energy markets

International Nuclear Information System (INIS)

Schubert, E.

1981-01-01

The industrial development in Europe which has created a remarkable prosperity was originally based on the availability of indigenous energy. At a later stage Europe accepted the offer of low cost crude from the world market. Since a few years we have lost our influence to moderately adjust prises to the changing circumstances in the world market for primary energies since - the multinationally operating companies have lost their balancing power and - the direct dialogue between producing and consuming countries has so far not resulted in any success. The use of the flowery expression energy crisis pretends that we are suffering from a lack of available primary energy. But the actual situation is more to the contrary. At the privailing energy price level there is a manifold offer. Considerable efforts, however, are necessary to create the prerequisits for an utilization of the options among different primary energies. Infrastructures have to be changed requiring impulse on the part of the state. There is no reason to assume a limited availability of crude oil and petroleum products for the use in such sectors in which an early substitution would cause an excessive economic burden. Besides lignite only nuclear energy does offer for the time beeing a remarkable contribution for a reduction of the energy bill in Europe. Starting with the power plants of the first generation which are sufficiently tested and via the breeder technology nuclear power production will most probably approach the aime of the utilization of renewable energies at reasonable costs over the long term. (orig.) [de

Effects of national energy policies on carbon dioxide emissions in a European internal electricity market: Results from a simulation model of the European power systems

OpenAIRE

Hoster, Frank

1997-01-01

This article considers the economic and environmental (in terms of CO2) effects of national energy policies in a European Single Market for electricity. It was found that the combined CO2/Energy-tax proposed by the European Commission would be able to stabilise the current volume of CO2-emissions in the electricity sector. A national single handed effort in introducing a CO2-tax to reduce the emissions was found to be ineffective in the long term and would be in addition allocative inefficien...

Energy prices, volatility, and the stock market. Evidence from the Eurozone

International Nuclear Information System (INIS)

Oberndorfer, Ulrich

2009-01-01

This paper constitutes a first analysis on stock returns of energy corporations from the Eurozone. It focuses on the relationship between energy market developments and the pricing of European energy stocks. According to our results, oil price hikes negatively impact on stock returns of European utilities. However, they lead to an appreciation of oil and gas stocks. Interestingly, forecastable oil market volatility negatively affects European oil and gas stocks, implying profit opportunities for strategic investors. In contrast, the gas market does not play a role for the pricing of Eurozone energy stocks. Coal price developments affect the stock returns of European utilities. However, this effect is small compared to oil price impacts, although oil is barely used for electricity generation in Europe. This suggests that for the European stock market, the oil price is the main indicator for energy price developments as a whole. (author)

Market efficiency in the European carbon markets

International Nuclear Information System (INIS)

Charles, Amélie; Darné, Olivier; Fouilloux, Jessica

2013-01-01

In this paper, we study the relationship between futures and spot prices in the European carbon markets from the cost-of-carry hypothesis. The aim is to investigate the extent of efficiency market. The three main European markets (BlueNext, EEX and ECX) are analyzed during Phase II, covering the period from March 13, 2009 to January, 17, 2012. Futures contracts are found to be cointegrated with spot prices and interest rates for several maturities in the three CO 2 markets. Results are similar when structural breaks are taken into account. According to individual and joint tests, the cost-of-carry model is rejected for all maturities and CO 2 markets, implying that neither contract is priced according to the cost-of-carry model. The absence of the cost-of-carry relationship can be interpreted as an indicator of market inefficiency and may bring arbitrage opportunities in the CO 2 market. - Highlights: • We study the cost-of-carry hypothesis in the European carbon markets during Phase 2. • We apply cointegration tests with and without structural breaks on several maturities. • We find that futures contracts are cointegrated with spot prices and interest rates. • The cost-of-carry model is rejected for all maturities and carbon markets

The liberalization of the European energy market from the perspective of the Austrian regional power company

International Nuclear Information System (INIS)

Sander, H.

1999-01-01

This dissertation addresses the liberalization of the European energy sector from an Austrian perspective, emphasizing its effect on a regional power company (KELAG). The energy market's changing conditions are creating new opportunities for consumers that allow them to optimize their ability to fulfill their power requirements. Decentralized solutions are now just as viable for large industrial customers as the ability to have all energy supplied through the utility network. In addition, partnerships with independent power producers (IPP's) or cooperation between the large customers in energy production can be considered. From a regional perspective, the central management concept of KELAG is the answer to an altered market situation, since this concept created tremendous potential for streamlining the management of energy production and operation of the network. The liberalization of the energy market for large industrial customers in Carinthia's electricity sector was preceded by a series of important decisions. The Verbundgesellschaft combine their generating facilities. In the future the power plants of Draukraft in Carinthia will be supervised and controlled remotely from KELAG's central control unit in Klagenfurt, as a result of which the central control unit becomes the primary energy control for Carinthia. (author)

International Voluntary Renewable Energy Markets (Presentation)

Energy Technology Data Exchange (ETDEWEB)

Heeter, J.

2012-06-01

This presentation provides an overview of international voluntary renewable energy markets, with a focus on the United States and Europe. The voluntary renewable energy market is the market in which consumers and institutions purchase renewable energy to match their electricity needs on a voluntary basis. In 2010, the U.S. voluntary market was estimated at 35 terawatt-hours (TWh) compared to 300 TWh in the European market, though key differences exist. On a customer basis, Australia has historically had the largest number of customers, pricing for voluntary certificates remains low, at less than $1 megawatt-hour, though prices depend on technology.

EU Energy Market and Regulation enter a new Framework: Energy Union

International Nuclear Information System (INIS)

Sencar, M.

2015-01-01

Energy Union provides a new framework for market and regulation. This contribution discusses its main elements (dimensions), in particular energy market functioning. Energy Union adds some new focal points to its development, e.g. research and innovation, in addition to sustainability. Energy Union also aims at improving customers position on the market, and paves the way for efficiency enhancements in regulation and market monitoring at European level. Three aspects of potential future improvements are discussed how the existing Agency for the Cooperation of Energy Regulators may further contribute to the efficient market functioning and implementation of planned infrastructure investment. (author).

THE EUROPEAN UNION’S QUEST FOR ENERGY POLICY: A GEO-ECONOMIC APPROACH

Directory of Open Access Journals (Sweden)

Alin Codoban

2011-09-01

Full Text Available The European Union’s external energy policy architecture is very important for further energy security and economic development. European normative power on its neighbours represents the most efficient way of integrating neighbouring energy markets, with the EU’s emerging internal market and, in perspective, through economic interdependence and complementarities, there are chances of creating an European geo-energy space. EU’s tools for shaping the geo-energy space are becoming more effective in an extended European economic area that would allow it to act as the main actor in a multilateral interconnected system of energy producer and transit countries. The result of the paper is materialized in a new paradigm for EU’s external energy policy, which can provide future security of supply through market institutions and an active economic diplomacy in the resource energy countries.

Energy policy in the European Community: conflicts between the objectives of the unified single market, supply security and a clean environment

International Nuclear Information System (INIS)

Surrey, J.

1992-01-01

Policies for energy and the environment in Europe were previously the preserve of national governments, but the Commission of the European Community has gained a role in both policy areas in the past few years. This was due to the 1987 Single European Act which, in effect, extends the writ of competition law throughout the energy and other previously excluded sectors, expresses the desire to reduce acid rain and greenhouse gas emissions, and reaffirms Europe's renewed concern for long-term oil and gas supply security after the Gulf War and the disintegration of the USSR. The Commission's proposals for the unified internal energy market were driven by concern for competition and free market forces, and seemed to exclude any scope for long-term policy considerations. This paper argues that the implementation of those proposals will be uneven and protracted, and that the Commission's more recent proposals for reducing CO 2 emissions and the European Energy Charter appear to mark positive steps towards a long-term strategy for a clean environment, energy efficiency, and oil and gas supply security. 27 refs., 4 tabs

The European wind energy programmes

International Nuclear Information System (INIS)

Beurskens, H.J.M.; Lalas, D.

1993-01-01

A general review is given of national wind energy programmes in European countries. First, tendencies of the past wind energy programmes are described and linked to the present developments. Not only the separate aspects are reviewed (R+D, wind turbine development, market stimulation, utility involvement, regulatory issues and operational experiences), but also the synergetic aspects of their integration is addressed. The main conclusion is that the integration of R+D, industrial development and market stimulation works. 4 ills., 3 tabs

TAXATION OF ENERGY PRODUCTS AND ELECTRICITY TO THE EUROPEAN UNION LEVEL

Directory of Open Access Journals (Sweden)

PĂUNESCU ALBERTO NICOLAE

2012-06-01

Full Text Available U.E established to increase socio-economic stability and security of supply, the Energy Community has set a good example of regional cooperation in which the EU and the South-Eastern European countries can diversify their energy sources. It has created a functioning institutional framework and more legal certainty for investors. Next steps are to enhance market reforms and to boost investments in the energy sector. The final objective is that the regional market should be fully integrated in the European's internal energy market

French dissatisfactions on the European electricity market

International Nuclear Information System (INIS)

Glachant, J.M.

2007-01-01

The author first notices that the French electricity professional consumers are dissatisfied with the results of the creation of the European domestic electricity market in 1997: price increase either on bills or on the wholesale markets, and even more price increases are to come. The author proposes to examine several issues: what has been done during the 6 or 7 past years, that is since the California crisis in 2000-2001, to put the European electrical reforms on a virtuous track? Have the basic market economy principles been respected to protect competitiveness of all energy consumer professionals? How and why the French government or EDF will make us pay gas, coal or CO 2 emission permits like in England or Germany whereas the French electricity production has mainly (90 or 95 per cent) a nuclear or hydraulic origin?

The diversity of European energy policies

International Nuclear Information System (INIS)

2013-01-01

If many European Union countries have engaged in a mutation of their energy system, the direction chosen may be different from one country to the other with different specific goals, starting from different initial energy mixes and involving different financial and industrial means. The German 'Energiewende' (the 'energy turn'), the Spanish 'Sostenibilidad Energetica' or the British 'Climate Change Bill' are unique initiatives which, without coordination, can lead to detrimental consequences on the European power system. These policies represent as many experiences to meditate on in order to identify the advantages and drawbacks of these different approaches as well as their respective impact on the European power system and on markets operation

Energy Choices. Energy markets; Vaegval Energi. Energimarknader

Energy Technology Data Exchange (ETDEWEB)

Damsgaard, Niclas (Econ Poeyry AB, Stockholm (Sweden))

2008-12-15

Each of the major energy markets for oil, coal, natural gas, biofuels and electricity has its own character. But markets are dependent on each other in an often complicated way. This interconnection has become even more complex since the market for emissions trading began in Europe in 2005. This report describes the current situation of the different energy markets but also the relationships between them, and some possible future scenarios. The oil market is global, but is dominated by a few producing countries. Coal is traded on the international market with good competition and over time probably a stable price. Other markets are more regional or even local. One example is the natural gas market. In the current situation of natural gas is not particularly important for Sweden's energy supply, but very much so in a European perspective. There may be repercussions also in Sweden. The gas price ups and downs are important for the price of emission rights and electricity. Biofuel markets ranging from global markets, such as ethanol, to regional or local markets, depending on processing. Only with the creation of a single trading venue, Nordpool was a common pricing of electricity possible in the Nordic region. In the near future we will have a common electricity market covering at least the Nordic region and northwestern Europe. This does not mean that prices will become equalized, for that further expansion of the transmission capacity is needed. It is possible to imagine several scenarios for future energy markets, but the interaction between the different markets will persist. To develop appropriate instruments is of great importance to achieve the political objectives in the energy field the next decade

Secondary markets for transmission rights in the North West European Market. Position Paper of the North West European Market Parties Platform

International Nuclear Information System (INIS)

Van Haaster, G.

2006-06-01

The most important way to acquire cross border transmission rights in the North West European electricity market is through explicit auctions. Although market driven flexibility and therefore efficiency can be further enhanced. One way to this is to introduce a secondary market for transmission rights. In this paper the North West European Market Parties Platform (NWE MPP) proposes a model that is developed and preferred by the market parties. The paper will provide a converging contribution to the congestion management discussions in the North Western European region

European Energy Law Seminar 2005. Report of NeVER

International Nuclear Information System (INIS)

Oosterom, A.R.; Boumans, L.

2005-01-01

An overview is given of the lectures and presentations at the title seminar, which was held in Noordwijk aan Zee, Netherlands, 30-31 May 2005. The seminar was organized by the Dutch Association for Energy Law (NeVER), the Scandinavian Institute for Maritime Law of the University of Oslo, and the Groningen University. The subjects presented concerned recent developments with regard to the internal (European) energy market, LNG, developments in the North Sea area, supply security and quality in a competitive market, reorganization of the European market for natural gas in the light of the liberalization process and privatization of the energy sector [nl

The globalization and Europeanization of mortgage markets

NARCIS (Netherlands)

Aalbers, M.B.

2009-01-01

Do globalization and Europeanization lead to the deterritorialization of European mortgage markets? Neither economic globalization nor EU policies have resulted in one European mortgage market. The various European mortgage markets are still quite different from one another in many respects. In most

The relevance of US experience to the completion of the European internal energy market for natural gas

Energy Technology Data Exchange (ETDEWEB)

Wood-Collins, John [Little (Arthur D.), Inc., London (GB); Lee, William [Shearman and Sterling, Paris (FR)

1990-01-01

The European Commission's 1988 document on the completion of the internal energy market made a number of recommendations which, if adopted, would significantly affect the European natural gas industry. These were principally that: user's access to transmission systems should be facilitated, in order to permit them direct access to suppliers; greater price transparency should be encouraged, to remove competitive distortions; and fiscal harmonisation should be accelerated, in order to ''level the playing field'' between industrial users in different countries. Advocates of ''open access'' or ''common carriage'', i.e. of a system under which owners of gas pipeline and storage facilities would have a legal obligation to provide transportation and related services to third parties for a specific fee, have argued that adoption of a US-style regulatory system could improve the efficiency of European markets by removing anti-competitive practices. The purpose of this article is to review the arguments on both sides and, in particular, to consider whether US experience may be a relevant model for European authorities to adopt. (author).

Integration of European Bond Markets

DEFF Research Database (Denmark)

Christiansen, Charlotte

2014-01-01

I investigate the time variation in the integration of EU government bond markets. The integration is measured by the explanatory power of European factor portfolios for the individual bond markets for each year. The integration of the government bond markets is stronger for EMU than non-EMU memb......I investigate the time variation in the integration of EU government bond markets. The integration is measured by the explanatory power of European factor portfolios for the individual bond markets for each year. The integration of the government bond markets is stronger for EMU than non...

End user prices in liberalised energy markets

Energy Technology Data Exchange (ETDEWEB)

Lijesen, M.G. [Afdeling Energie en Grondstoffen, Centraal Planbureau CPB, Den Haag (Netherlands)

2002-12-01

As European energy markets move towards deregulation, energy prices shift from classic 'cost plus' prices towards market prices. We develop a model for the retail and wholesale energy markets in Europe, based on Bertrand competition in a two part pricing structure with switching costs. We use the model to forecast end user electricity and natural gas prices and find that the introduction of competition in energy retail and wholesale markets will decrease standing charges, lowering total costs for energy users. A larger number of entrants, a cost advantage for one of the suppliers, or lower switching costs reduces standing charges further.

Developments in the European methanol market

International Nuclear Information System (INIS)

Speed, J.

1995-01-01

In the late eighties/early nineties the World Methanol Market was basically divided into three regional markets--America, Asia Pacific and Europe. These markets were interrelated but each had its own specific characteristics and traditional suppliers. Now the situation has changed; in the mid nineties there is a Global Methanol Market with global players and effective global pricing and the European market is governed by events world-wide. Europe is however a specific market with specific characteristics which are different from those of other markets although it is also part of the Global Market. Hence before the author focuses on Europe he looks at the World Market. The paper discusses world methanol production and consumption by region, world methanol consumption by end use, world methanol supply demand balance, the west European market, western European methanol production, methanol imports to W. Europe, the Former Soviet Union supplies, W. European methanol consumption by end use, MTBE in Europe, duties on methanol imports into W. Europe, investment in Europe, the effect of the 1994/95 price spike, and key issues for the future of the industry

Liberalising European electricity markets: opportunities and risks for a sustainable power sector

International Nuclear Information System (INIS)

Ringel, M.

2003-01-01

The process of liberalising European electricity markets, encompassing a wide range of restructuring activities, has mainly been spurred by the attempt to increase the economic efficiency of the whole sector. This process might be used to trigger a development towards a sustainable power sector by increasing the use of renewable energy sources and enhancing energy efficiency on the supply and demand side. However, by taking a closer look at the current trends of the European electricity markets, it becomes obvious that the liberalisation not only implies opportunities but also risks for the creation of a sustainable power sector. Many of these risks are due to market distortions and imperfections caused by the delay in creating a fully functional single European market. Thus, in the short-term, the market liberalisation tends to constitute more risks than opportunities without government actions to prevent these risks. In the long run, though, the efficiency gains of the sector and the appearance of new market factors are likely to bring forth the opportunities of liberalisation and actively foster a transformation towards a sustainable electricity sector. (author)

The Swedish Energy Market 2005

International Nuclear Information System (INIS)

2005-10-01

The Swedish Energy Market, 2005 is an annual publication that presents information and statistics on the network based energy markets in Sweden, i.e. the markets for electricity, natural gas and district heating. It also provides an overview of the issues that have arisen on these markets during the second half of 2004 and the first half of 2005. Considerable work is being carried out in the EU on creating a single market for electricity and natural gas. This publication therefore describes expansion of the Swedish market towards a Nordic and a European market. The publication normally includes a theme chapter, describing some event of particular interest for the Swedish energy market during the year. This year, the theme chapter is devoted to the Storm Gudrun, which struck the south of the country at the beginning of January, and its effects on electricity supply throughout the country. The chapter is based on the report submitted to the Government by the Energy Markets Inspectorate in the spring of 2005, and also includes a summary of the Inspectorate's proposals for measures to improve the security of electricity transmission. Energy in Sweden, which is another of the Swedish Energy Agency's annual publications, provides information and statistics on the development of the entire Swedish energy system

Nuclear energy: the European way

International Nuclear Information System (INIS)

Anon.

1993-01-01

The dossier published in this issue deals with the present and future situation of nuclear energy in Europe. What could be the trends of the nuclear development in the Europe of tomorrows. That global question is answered by pointing out the different data related to the present state of european nuclear programmes. Such an overview is followed by a serie of articles dealing with definite items: the actions implemented by the European Communities Commission: the electricity market and EDF policy in the field of european electric grids; the trends of nuclear cycle industry and the perfecting of the future european nuclear reactor

Energy market reform in Europe. European energy and climate policies: achievements and challenges to 2020 and beyond

International Nuclear Information System (INIS)

2015-01-01

Since the 1992 Earth Summit in Rio and the negotiation of the United Nations Framework Convention on Climate Change (UNFCCC), the European Union has consistently been at the forefront of global action to combat climate change, leading the world to a low-carbon economy. The EU has set itself greenhouse gas emission targets designed to produce an almost carbon-free economy by 2050 in order to make a major contribution to limiting the global temperature increase by the end of the century to 2 deg. C, compared to the pre-industrial average. As an interim step on the way to 2050, EU leaders in March 2007 set a number of ambitious climate and energy targets known as the '20-20-20 targets by 2020' or the 3 x 20 policy. In this, the EU committed to: - A 20% reduction in EU greenhouse gas emissions from 1990 levels; - Raising the share of EU energy consumption produced from renewable resources to 20%; and - A 20% improvement in the EU's energy efficiency. This 3 x 20 package is a part of a wider European energy strategy that aims at enhancing: - Sustainability; - Competitiveness and affordability; and - Security of supply. The EU energy and climate package has attracted criticism in the last few years, as each day brought more evidence that the policy measures had numerous unexpected, or unintended impacts on the energy markets and industry: an excess of intermittent sources of electricity causing disruption for grid operators, surplus electricity resulting in a price collapse of the wholesale electricity market, electricity price increase at retail level, exit of gas from the fuels for power generation and the advent of coal as an electricity price-setter... At the same time, it has also become evident that EU policy has failed to solve the existing EU energy imbalances in general. Ironically, after years of huge investments aimed at achieving the ambitious policy targets, a number of the objectives still seem to be a long way away. Indeed some may not even

The energy services market in France

International Nuclear Information System (INIS)

2004-06-01

This study aims to answer the following questions: what is the french market value? What are its development perspectives? What services range is necessary? How increase the added value of proposed services? Which choice between the competence internalization and the subcontracting? What threat represent the providers on a market usually dominated by the energy suppliers and services providers? How will the french and european market combine? The following operators are studied (key data, energy services policy) by Eurostaf: Amec Spie, Cegelec, Dalkia, EDF, Elyo, Endesa Energia, Energie Rhone, GDF, RWE Solutions, Vinci Energies. (A.L.B.)

Competitiveness and potentials of UCG-CCS on the European energy market

Science.gov (United States)

Kempka, T.; Nakaten, N.; Schlüter, R.; Fernandez-Steeger, T.; Azzam, R.

2009-04-01

The world-wide coal reserves can satisfy the world's primary energy demand for several hundred years. However, deep coal deposits with seams of low thickness and structural complexity do currently not allow an economic exploitation of many deposits. Here, underground coal gasification (UCG) can offer an economical approach for coal extraction. The intended overall process relies on coal deposit exploitation using directed drillings located at the coal seam base and the subsequent in situ coal conversion into a synthesis gas. The resulting synthesis gas is used for electricity generation in a combined cycle plant at the surface. A reduction of the CO2 emissions resulting from the combined process is realized by subsequent CO2 capture and its injection into the previously gasified coal seams. The scope of the present study was the investigation of UCG-CCS competitiveness on the European energy market and the determination of the impacting factors. For that purpose, a modular model for calculation of UCG-CCS electricity generation costs was implemented and adapted to the most relevant process parameters. Furthermore, the range of energy supply coverage was estimated based on different German energy generation scenarios.

Report on the green paper on energy. Four years of European initiatives

Energy Technology Data Exchange (ETDEWEB)

NONE

2005-07-01

In December 2000, the European Commission adopted a Green Paper on European Union energy policy. This brochure takes stock of the action undertaken in the following areas over the last four years:managing demand, diversifying internal energy sources,developing the internal energy market and the security of external supply. It presents: the Green Paper stakes, the progress made, the four political challenges, managing demand, diversifying European sources, the streamlined internal energy market, controlling external supply, future prospects for the Union, legislative developments and ten possibilities for economical energy use. (A.L.B.)

Report on the green paper on energy. Four years of European initiatives

International Nuclear Information System (INIS)

2005-01-01

In December 2000, the European Commission adopted a Green Paper on European Union energy policy. This brochure takes stock of the action undertaken in the following areas over the last four years:managing demand, diversifying internal energy sources,developing the internal energy market and the security of external supply. It presents: the Green Paper stakes, the progress made, the four political challenges, managing demand, diversifying European sources, the streamlined internal energy market, controlling external supply, future prospects for the Union, legislative developments and ten possibilities for economical energy use. (A.L.B.)

Roadmap towards a competitive European energy market

Energy Technology Data Exchange (ETDEWEB)

NONE

2010-10-15

With the financial crisis evolving into a severe, global economic recession, there have been growing doubts over whether energy markets can continue to operate efficiently under present conditions or whether the shift to non-market mechanisms would be a better choice. This question remains an ongoing source of debate in the recently liberalised electricity sector. Textbook wisdom says that the market is the most efficient place to allocate financial means for investments. Therefore, during a period of a crisis, it should follow that we actually need more market mechanisms, not fewer, if we want to stimulate investments in an economically efficient way. Regulated electricity prices and nationalistic thinking will not help to solve Europe's electricity challenges with regards to either the generation or the transportation of electricity.

Effects of a Liberalized European Gas Market

International Nuclear Information System (INIS)

Austvik, Ole Gunnar

2003-01-01

improves efficiency. In fact, an increase in the number of actors in such markets, per se, may increase cost, and, thus, represent a waste of resources. Usually, but not necessarily, state owned firms are privatised (even though the government may hold a significant share, or control over, the ownership), the operation of vertically integrated services are separated (''unbundled''), competition is established when possible and regulation introduced when necessary (when competition does not work). In the case of natural gas, the U.S. and Canada liberalized their markets in the mid 1980s. Later, gas markets in the U.K., and then Australia and New Zealand, followed. Now, in the European natural gas industry, both market growth and infrastructural developments, as well as political decision making, forcing competition on to firms, is now creating a more competitive environment. In order to analyze these issues in relation to Norway as a major natural gas exporter we have studied the development of EU energy policies, price effects of liberalism, energy taxation, the economics of non-renewable (exhaustible) resources and regulatory economics as well as foreign policy issues concerning security-of-supply issues. The complexity and interdisciplinary insights needed to analyze the European gas market makes it even more complex than analyses of the global oil market. In the European gas market, the problem of choosing the right in-depth level and correct parameters and discipline to apply, becomes particularly apparent and challenging. For most analysts and policy makers, it seems to be an overwhelming task to describe exactly how a liberalized European gas market works, how it should be organized and will develop. In this analysis of the political economy of European gas, we will nevertheless try to shed some light on the causes and effects of what may happen

European Schemes for Promoting Renewables in Liberalised Markets

DEFF Research Database (Denmark)

Meyer, Niels I.

2003-01-01

The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models...... with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark.An EU directive from September 2001 has...

The European energy community, it is for now

International Nuclear Information System (INIS)

Andoura, S.; Buzek, J.; Delors, J.; Vitorino, A.

2013-01-01

Given that the European Council (on 22. May) mentioned the stakes involved for a common European energy policy, and that France's president has juts made another call to set up a European energy community, it is time to properly identify the main challenges that have to be met for such a project. The energy transition, that requires a deep change in our ways of producing, transporting and using energy, could be the basis of this new common policy. This new policy may follow 3 axis: first achieving the integration of a common energy market that will simulate the competitiveness of the European energy operators, secondly the security of supply implies a diversification of energy sources that could be reached through a stronger European solidarity, and thirdly a better cooperation between states for coordinating the construction of new infrastructures

Market forces in european soccer

NARCIS (Netherlands)

Haan, M.; Koning, Ruud H.; Witteloostuijn, A. van

2002-01-01

Recent decades have witnessed major changes in the market for European soccer. The most profound were the Bosman ruling, which lifted restrictions in the European labor market for soccer talent, and the introduction of the Champions' League, a high-profile international competition that generates

International Rivalry In The Energy Sector: The Eastern European Market Of Atomic Energy In Focus

Directory of Open Access Journals (Sweden)

Y. V. Borovsky

2017-01-01

Full Text Available In the post-bipolar world nuclear power has become one of the areas of competition and rivalry betweenRussiaand the West. The comprehensive analysis of theoretical publications allows us to consider international competition as an abstract, depoliticized contest of states and other international actors (including companies for some limited (mainly economic benefits. International rivalry is more a political process, necessarily involving some rival pairs of states (or groups of states that compete with each other not only to get some benefits, but to expand their territory or power. The competition and rivalry betweenRussiaand the West in the sphere of nuclear power are especially apparent in the Eastern European region where the American, European and Japanese corporations, with the support of the Western foreign ministries and EU institutions, try to achieve two main goals. The first goal is to win the contracts to build new power units, especially in tenders where Rosatom participates. The second goal is to become suppliers of nuclear fuel for multiple Russian- or Soviet-made VVER-type reactors, which are functioning or will be run in a number of countries in the region (Slovakia,CzechRepublic,Hungary,Bulgaria, andUkraine. Such activities can involve high risks. The West’s efforts to curb the dominant position of "Rosatom" inEastern Europeare formally associated with the need to create a "competitive market" of nuclear services in the region and to ensure the European energy security. It is also noteworthy that the expansion of Rosatom (and its predecessors to foreign markets, including Eastern Europe, is actively supported by the Russian state which in the second half of the 1990s – after a failed attempt of following in the footsteps of the West – joined in the rivalry, mostly imposed by the U.S. and their allies. As shown by the analysis,Russiaand the West, primarily theUnited States, are involved in the nuclear power sector to

European Union energy policy integration: A case of European Commission policy entrepreneurship and increasing supranationalism

International Nuclear Information System (INIS)

Maltby, Tomas

2013-01-01

Focusing on gas, this article explores the role of the European Commission in the process of European Union energy security policy development, and the extent to which the policy area is becoming increasingly supranational. Situating the article within the literature on agenda-setting and framing, it is argued that a policy window was opened as a result of: enlargement to include more energy import dependent states, a trend of increasing energy imports and prices, and gas supply disruptions. From the mid-2000s, the Commission contributed to a shift in political norms, successfully framing import dependency as a problem requiring an EU-level solution, based on the institution’s pre-existing preferences for a diversified energy supply and internal energy market. Whilst Member States retain significant sovereignty, the Commission has achieved since 2006 creeping competencies in the internal, and to a lesser extent external, dimensions of EU energy policy. - Highlights: ► We examine the development of EU energy security policy, focusing on gas. ► We examine changes in European Commission competence in energy policy. ► The European Commission has gained increased competence in the internal market. ► In the external dimension of EU energy policy Member States retain competence. ► The European Commission has had qualified success as a policy entrepreneur

Price determinants of the European carbon market and interactions with energy markets

Energy Technology Data Exchange (ETDEWEB)

Schumacher, Katja; Cludius, Johanna; Matthes, Felix [Oeko Institut e.V., Berlin (Germany); Diekmann, Jochen; Zaklan, Aleksandar [Deutsches Institut fuer Wirtschaftsforschung, Berlin (Germany); Schleich, Joachim [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany)

2012-06-15

This report explores the determinants of short run price movements in the carbon market and their interaction with energy markets, in particular with the electricity market. Focusing on Phase 2 of the EU ETS we conduct econometric time series analysis based on continental EU and UK market data. Our findings suggest that market fundamentals have a dominant effect on the EUA price, but that non-fundamental factors may also play a role. We further found that the electricity price has a significant positive impact on the carbon price in the short run.

The Swedish Energy Market 2005

Energy Technology Data Exchange (ETDEWEB)

NONE

2005-10-01

The Swedish Energy Market, 2005 is an annual publication that presents information and statistics on the network based energy markets in Sweden, i.e. the markets for electricity, natural gas and district heating. It also provides an overview of the issues that have arisen on these markets during the second half of 2004 and the first half of 2005. Considerable work is being carried out in the EU on creating a single market for electricity and natural gas. This publication therefore describes expansion of the Swedish market towards a Nordic and a European market. The publication normally includes a theme chapter, describing some event of particular interest for the Swedish energy market during the year. This year, the theme chapter is devoted to the Storm Gudrun, which struck the south of the country at the beginning of January, and its effects on electricity supply throughout the country. The chapter is based on the report submitted to the Government by the Energy Markets Inspectorate in the spring of 2005, and also includes a summary of the Inspectorate's proposals for measures to improve the security of electricity transmission. Energy in Sweden, which is another of the Swedish Energy Agency's annual publications, provides information and statistics on the development of the entire Swedish energy system.

The European Gas Market Looking for its Golden Age?

International Nuclear Information System (INIS)

Aoun, Marie-Claire; Cornot-Gandolphe, Sylvie

2015-10-01

The EU gas policy has to deal with a new landscape on the supply and demand sides. This study examines five major recent evolutions of the EU gas market: the relations with Russia, LNG coming back to Europe, the decrease of Groningen production, the contrasted evolutions of shale gas and the perspectives of EU natural gas demand. The European energy market has to face numerous challenges to achieve a successful energy transition, preserve its competitiveness and ensure its security of supply. While the EU Communication on Energy Union published in February 2015 has today given new impetus to Europe's gas policy, this policy has to deal with a new environment both in terms of supply and demand. On the supply side, the new strategy must henceforth deal with complex relations with Russia. Tensions between Russia and Ukraine along with economic sanctions against Russia have led Gazprom - the EU's leading supplier - to review its strategy towards Europe. While the 'Power of Siberia' project is already underway, Russia's own pivot towards Asia as announced by Vladimir Putin is turning out to be more difficult than expected: China and Russia have still not been able to find an agreement on the Western route. For some time, Gazprom seemed to want to cut its involvement in European gas assets significantly, due to problems with market liberalization rules. Today, Moscow is sending mixed messages to Europe, first by announcing the Turkish Stream project to deliver gas to Europe's gates, and then by extending the Nord Stream pipeline. The renewed interest in the EU market by Gazprom is indicative of the importance of this market, which provides the Russian company with the bulk of its gas revenues. Europe also has to deal with faster than expected declines in its own output. The Groningen field in the Netherlands, the EU's main gas producer, has suffered major restrictions since January 2014, due to significant earthquake risks. The Dutch government has to ensure the safety

European Energy Law. Report VII

Energy Technology Data Exchange (ETDEWEB)

Hammer, U.; Roggenkamp, M.M. (eds.)

2010-04-15

The European Energy Law Report VII presents in four parts an overview of the most important legal developments in the field of EU and national energy and climate change law as discussed at the 2009 European Energy Law Seminar. The first part examines recent developments in EU climate change regulation. It includes an overview of the revision of the EU Directive governing CO2 emissions trading and a more detailed analysis of the new allocation regime, including the auctioning of emission rights. This is followed by an analysis of the competitiveness of the new EU emissions trading Directive and recent developments in the US regarding emissions trading. The second part focuses on the energy liberalisation process and the Third Energy Package. Following an overview of recent developments in EU competition law and the impact of the Sector Inquiry on the energy sector, this part concentrates particularly on the new Internal Energy Market Directives and most particularly on the legality of the unbundling provisions. Subsequently, the focus is on the role of the TSOs. After an analysis of the need for an increased cooperation of the German TSOs, another chapter discusses the need for more consolidation in the European gas transmission market and the role of regulation therein. Is there a new role for nuclear energy? In order to secure long term energy supply, the focus turns again to nuclear energy. The third part of this report discusses two elements of nuclear liability. First, it analyses the issue of the possible privatisation of the nuclear sector and its impact on long term liability. Although the focus is on the UK nuclear sector, a comparison is made with some other regulatory regimes. Next, the role of nuclear energy is discussed as an instrument to reduce CO2 emissions and, more particularly as a means to reach the 20-20-20 targets. The question is raised whether the international rules on civil liability provide sufficient protection to victims of nuclear

Renewable energies development: what contribution of the carbon market?

International Nuclear Information System (INIS)

Bordier, Cecile

2008-12-01

In the climate-energy package, the European Union has committed to achieve objectives differentiated by countries to reduce greenhouse gas emissions and developing renewable energies. Part of the emissions reduction must be achieved through a common mechanism to all Member States: the European CO 2 trading market (EU ETS) covers about 40% of emissions of gas European greenhouse from five major industrial sectors, including power generation. The development of renewable energy is the responsibility of each member state. To meet its commitments in terms of renewable energy, each Member State may adopt economic incentives: tendering, purchase prices or green certificates. This Climate Report describes two national policies with different instruments: aid mechanism by prices in France and definition of quantitative targets in the UK. The author attempts to evaluate these policies for the production of renewable electricity in terms of cost per ton of carbon avoided to compare with the price of carbon quotas in the EU ETS. The results show that the cost of national incentive policies for renewable energy per ton of CO 2 avoided varies significantly from one country to another, but in both cases higher than the quota price on the European market. It is difficult to draw definitive conclusions on economic effectiveness of different policy instruments. The first phase of the European exchange of CO 2 quotas market has induced a stress relatively low, weighing mainly on the electricity generation sector. The allocations to the electricity sector have been reduced from 2008 and quotas will be auctioned from 2013 within the limits of an overall ceiling will decrease year by year. This increase in stress on emissions should play a key role in the deployment of CO 2 emission reduction solutions in this sector, including the development of renewable energies. The incentive mechanisms at the national level could complement the impact of the European carbon market by accelerating

The European automotive LPG market

International Nuclear Information System (INIS)

Anon.

1998-01-01

The European automotive LPG market could reach at least 4 % of the European fuel market in 2005 versus 1 % in 1990. This would represent a rise of about 35 % in automotive LPG sales (from 2,4 million tonnes in 1997 to 7 million tonnes estimated for 2005). This was underlined by Alain Deleuse, Primagaz group's Marketing Director, in the paper he delivered at the AEGPL Budapest Convention. We publish large excepts of this paper. (author)

Gazprom on the European Market: In Search of the Balance between the Principles of Competition and Energy Security

Directory of Open Access Journals (Sweden)

Valery I. Salygin

2014-01-01

Full Text Available The article analyses the position of Gazprom on the key export market - the market of the European Union. Situation on the EU gas market changed considerably because of an imbalance between supply and demand. Gazprom had to make price concessions for almost all of the main consumers of Russian gas in Europe, and also had to allow European consumers to break one of the key provisions of long-term contracts - "take or pay" clause. Besides disputes at the corporate level significant differences still remain about the well-known Third energy package, which effectively prohibits Gazprom to own and operate gas pipelines on the territory of the EU, as well as binding it to provide a third party access to gas pipelines. The implementation of Third package provisions on function unbundling by some EU Member States in the most rigid version may contradict bilateral international agreements of Russia with the EU Member States, primarily agreements on investment protection. Possible reasons underlying the investigation initiated by the European Commission against Gazprom in connection with a possible violation ofEU competition rules are examined. The paper investigates legal, political and economic aspects of contemporary regime of gas cooperation, particularly restriction of reexport, linkage between gas and oil prices, pricing based on long-term contracts and spot markets. The paper concludes that Russia and the EU need to elaborate a comprehensive document that would ensure the stability of the regulatory environment of energy cooperation and would reflect the balance of interests of producers and consumers. This document should equally ensure highly competitive environment and guarantees of security of supply in the short and long term.

ACER: demystifying the European energy supervisor from a consumer perspective

NARCIS (Netherlands)

Lavrijssen, S.A.C.M.; Bordei, I.

2012-01-01

The European energy regulatory triangle, consisting of National Regulatory Authorities (NRAs), the European Commission and the newly established Agency for the Cooperation of Energy Regulators (ACER), has an important role in enhancing cross border trade and wholesale market competition and

European municipalities and the liberalized energy market

International Nuclear Information System (INIS)

2002-04-01

Municipalities are directly affected by the liberalization of the energy markets. Because they all consume or even produce energy, whether it be for their own consumption or to resell it, they often distribute gas, electricity or heat, they plan urban areas and organize the energy networks on their territory, while in addition citizens expect municipalities to inform them and even protect them against the possible excesses of energy salesmen. Elected representatives administrations, local agencies, municipal companies, citizens' associations etc., all have to innovate. This supplement to Energie-Cites INFO is intended to provide you with practical information and further analyses of the liberalization process. (authors)

RENEWABLE ENERGY STRATEGIES: WHERE EUROPEAN UNION HEADED?

Directory of Open Access Journals (Sweden)

RADULESCU IRINA GABRIELA

2015-06-01

Full Text Available The states from European Union must take advantage from renewable energy sources in order to revive the economy. Climate change creates new jobs and could reduce energy imports which would stimulate the economy of those states. The European Union should support research in the field, apply more efficient policies in energy, and create economies of scale to get an integrated European energy market in which the main actors can reduce the cost of production of renewable energy. In addition, it is possible to use the comparative advantages of the Member States and not only, like Greece, through solar energy, Southern Mediterranean, through distribution networks interconnections with EU, Russia and Ukraine, through biomass and the North Sea, through wind energy. This paper refers to the evolution and trends of the renewable energy sources and presents some scenarios of it.

Energy policies of the European Union

International Nuclear Information System (INIS)

Lyons, P.K.

1994-09-01

This report takes stock of what has been achieved and where the European Community is going in terms of energy policy and also looks at the full extent of the Union's energy sector competances. The chapters deal with the European Commission's programme to create an internal energy market through implementing new Directives and by means of an approach through competition. A further two chapters concentrate on environmental policy with respect to emissions control and the greenhouse effect. Two broad policy areas - Community Initiative and trans-European networks - are examined in a consideration of the connections between energy and economic and social cohesion. Security of supply is the fourth and traditional pillar of energy policy to be considered. Three policy areas which do not fit into these first four categories are dealt with in individual chapters. These are: nuclear issues, research and development, and a wider Europe. A concluding chapter suggests that there is an urgent need for a new way of dealing with energy in the European Union which has a myriad of policies affecting energy but no energy policy. The appendices include a document summary for each of the main chapters and a glossary. (UK)

Natural gas and deregulation in the European Market

International Nuclear Information System (INIS)

Anon.

2000-01-01

The gas market is progressively moving towards new organizations under the effect of deregulation initiated in the United States, the United Kingdom and transposed to other countries, particularly in Europe, at least for the member countries of the European Union. Within the framework provided by this overall trend, Cedigaz proposes a study titled 'Natural Gas and Deregulation' in order to describe the main developments affecting these markets on account of deregulation. This report is structured on the basis of three main topics (market organization, marketing modes, pricing) which appears to be the most cogent in terms of deregulation. This grouping by major topics accordingly offers a relatively synthetic view of the main trends which could be observed in the European market, for example. The analysis is largely based on the example of the American market and, to a lesser extent, on the British situation. Incidentally, it has adapted the terms 'regulated market' to define conventional markets and 'deregulated market' to define markets which have incorporated the principle of Third Party Access (TPA). This is obviously a mere convention, since in both cases, the gas market, a network market, is regulated either by the State or by an independent agency. Also noteworthy is the diversity of the regulation methods for the network markets. While an underlying principle prevails throughout, particularly the introduction of TPA, political and energy considerations alike are liable to condition strongly the final structure of a given market. The apparently comparable British and American experience thus display substantial differences. In other words, one should not imagine a sudden transposition of either case to the European market. The different States preserve considerable leeway to guide market developments in one direction or another. On the whole, deregulation is not a frozen process, but has to adapt permanently to developments in a market stage-managed by

The political economy of energy use and pollution: the environmental effects of East-European transition to market economy

Energy Technology Data Exchange (ETDEWEB)

Midttun, A.; Chander, I. [Norwegian School of Management, Sandvicka (Norway)

1998-11-01

The transition of Eastern Europe to Western-type liberal capitalism has been interpreted as an important step towards a more ecologically sustainable Europe. The main argument has been that the energy efficiency of the West-European economy will be imported to Eastern Europe and lead to lower energy consumption and lower pollution. This line of argumentation seems sound as far as the industrial sector is concerned. However, it does not take into consideration the energy and pollution bill of the lavish lifestyle of modern consumer-oriented societies. A shift away from the moderate private consumption of East-European Communism, towards the Western consumerist lifestyle may diminish or even abolish the positive ecological effects of the East-European transition to a competitive market economy. The article explores energy consumption and pollution patterns of Eastern and Western Europe both as far as industrial and domestic end-user consumption is concerned. The article argues that these patterns are related to basic characteristics of the communist and capitalist systems and that pollution and energy use are fundamentally conditioned by the overall political economy. 18 refs., 14 figs., 1 tab., 1 app.

COMPETITION AND REGULATION IN THE EU ENERGY MARKET

Directory of Open Access Journals (Sweden)

Cristina Havriş

2009-12-01

Full Text Available When prices are high and public service obligations are not properly fulfilled, consumers wonder if they obtain what they need from the market. In electricity and gas markets of the EU Member States, apart from the persistence of high, non-transparent regulated prices, a number of shortcomings have been identified by the European Commission, such as a less than optimal network use for energy transmission, a lack of coordination and cooperation across borders by transmission system operators and national authorities, and a lack of transparent and simple procedures for dealing with consumers’ complaints. These are the main elements of the infringement proceedings that the European Commission decided to launch on 25 June 2009 against 25 Member States for non–compliance with certain Community provisions in the Second Internal Energy Market Package, which entered into force on 1 July 2007. Quite emblematic is the fact that it occurred the same day as the adoption of the Third Internal Energy Market Package aiming to ensure a proper functioning of the EU energy market. We intend to analyse what has happened in the recent years at the EU level in order to liberalise and remove the significant remaining obstacles to competition in the energy market.

Renewable energy technologies and the European industry

International Nuclear Information System (INIS)

Whiteley, M.; Bess, M.

2000-01-01

The European renewable energy industry has the potential to be a world leader. This has been achieved within the European region for specific technologies, through a set of policy activities at a national and regional level, driven primarily by employment, energy self-sufficiency and industrial competitiveness. Using the experience gained in recent years, European industry has the opportunity to continue to expand its horizons on a worldwide level. Through the use of the SAFIRE rational energy model, an assessment has been made of the future penetration of renewable energy within Europe and the effects on these socio-economic factors. In conjunction with these outputs, assessments of the worldwide markets for wind, photovoltaics, solar thermal plant and biomass have been assessed. A case study of the Danish wind industry is used as a prime example of a success story from which the learning opportunities are replicated to other industries, so that the European renewable energy industry can achieve its potential. (orig.)

Risk premia in energy markets

DEFF Research Database (Denmark)

Veraart, Almut E.D.; Veraart, Luitgard A.M.

Risk premia between spot and forward prices play a key role in energy markets. This paper derives analytic expressions for such risk premia when spot prices are modelled by Lévy semistationary processes. While the relation between spot and forward prices can be derived using classical no......-arbitrage arguments as long as the underlying commodities are storable, the situation changes in the case of electricity. Hence, in an empirical study based on electricity spot prices and futures from the European Energy Exchange market, we investigate the empirical behaviour of electricity risk premia from...

The design of European energy markets by means of decisions of commitment acceptance of the European Commission. Pt. 1; Die Gestaltung der europaeischen Energiemaerkte durch Verpflichtungszusagenentscheidungen der Kommission. T. 1

Energy Technology Data Exchange (ETDEWEB)

Gussone, Peter [Bundeskartellamt, Bonn (Germany). ECN-Koordinationsstelle

2011-03-10

The compartmentalization of national energy markets is the leitmotif of anti-trust against the greatest European energy utilities. With far-reaching commitments of the utilities the European Commission attempted a rapid end of abusive practices and a market opening. A discouragement of claim for damages under private law from customers has been accepted. There is a lack of a final reasoned statement of the behavior being in violation with competition law with a binding effect also for the courts. The impressive balance of the European Commission shows a partial failure of the regulation in the grid operation. E.ON (Munich, Federal Republic of Germany) has sold its high voltage network. RWE AG (Essen, Federal Republic of Germany) sold its transmission system. Eni Gas and Power GmbH (Duesseldorf, Federal Republic of Germany) will sell large portions of its international transmission system. The large vertically integrated utilities may not agree on long-term supply and resale restrictions.

Report of the European Energy Law seminar 2011

International Nuclear Information System (INIS)

Holwerda, J.M.; Mueller, H.K.; Mutsaers, A.

2011-01-01

The 24th European Energy Law Seminar was held in Noordwijk aan Zee, Netherlands, 11-12 April 2011. The first day attention was paid to the liberalization of the energy markets, the climate and energy. The second day was dedicated to energy security, the upstream sector and development of energy infrastructure. [nl

Energy policy and European utilities' strategy: Lessons from the liberalisation and privatisation of the energy sector in Romania

International Nuclear Information System (INIS)

Haar, Laura N.; Marinescu, Nicolae

2011-01-01

In the context of energy sector reforms pursued by Romanian government since 1990s, we compare and contrast the market outcomes of European utilities' investment with the host government policy objectives. We begin with energy market reform in Romania and review governments' efforts to attract foreign direct investment (FDI) and to gradually withdraw from the distribution and supply segments of electricity market. Subsequently, we illustrate the scope European utilities have had, market policy and design notwithstanding, for consolidating market power through regional dominance. We examine the extent to which these utilities have sought to enhance their positions through horizontal and vertical integration, counter to the EU plans for a competitive market structure. We find that the investments of European incumbents have not been resoundingly successful: although market entrance may have been justified on long-term strategic grounds, in the immediate term, segments acquired through competitive auctions have yielded modest regulated returns. Finally, we discuss the extent to which policy makers have achieved their goals. Although the short-term benefits of a competitive market structure have reached some consumers, a renewed interest in promoting 'national champions' reflect frustration with market mechanisms as a means of ensuring long-term strategic investments in the sector. - Research highlights: → We analyze the European Utilities activities in Romania after market liberalization. → We find government efforts to reform energy sector attracted foreign direct investment. → We find utilities consolidated market power horizontally in Central European region. → The short-term benefits of competitive forces contrast the weak returns by utilities. → To encourage further investment, government should not promote national champions.

International Energy Market

International Nuclear Information System (INIS)

Doringoni, S.; Pontoni, F.

2008-01-01

The paper analyzes recent market trends in the oil and natural gas sector. For the latter, a focus on the European gas market is then presented, whose consumption has grown considerably in these last ten years. As for the oil sector this paper investigates the key elements that have shaped its market in these years. As for oil consumption, we show that in these last 15 years China, India and the Middle East are the main responsible for the increase in World consumption. On the other hand, European OECD Countries have consistently reduced (almost 9%) their oil demand. This is due both to the dematerialization of their economy and their significant improvements in energy efficiency. As for energy intensity, in fact, Europe by far is the most efficient region in the World. On the other hand, OPEC has drastically raised its share of total production: at present the cartel accounts for more than 40% of overall production. OPEC members were the only producers to meet World's needs as oil demand expanded. The difficulties of other producers to keep up with the demand originated in the nineties, when no investment in new production capacity was brought about due to low oil prices. In the end of 2008, anyway, recession has eased the situation: for the first time in fifteen years, demand has not grown, compared to 2007 consumption. Recession has also shrunk prices, which, as soon as the demand started decreasing, have collapsed by almost 70%. As for the gas sector, the paper focuses on the European market where, after ten years from the beginning of the liberalization process, competition is still missing. In particular, the paper discusses whether LNG can bring about the competition so desperately needed. Unlike investments in pipelines, those in the LNG chain present a much lower degree of specificity, since the importer is not physically tied with the producer; moreover, it is getting increasingly common that part of the plant capacity is made available for spot

Management and Marketing Elements in Maritime Cruises Industry. European Cruise Market

Directory of Open Access Journals (Sweden)

Romeo Boşneagu

2015-05-01

Full Text Available European cruises market has a major impact on all aspects of maritime industry: boarding ports, ports of call, shipbuilding, ship maintenance, supplies, sales and marketing, ship crews and administrative facilities. While in 2013, fiscal and economic conditions in Europe have continued to have a constraint to increasing demand for cruises, the number of passengers, Europeans or visitors of European ports, has grown moderately. For the next years, a higher growth of Europena market cruises is expected.

The European internal market and Nordic energy policy

International Nuclear Information System (INIS)

Grohnheit, P.E.; Hoier Nielsen, H.; Soerensen, H.

1992-01-01

The aim was to attempt to clarify the immediate consequences, and potentials for energy policy, for the authorities and supply companies in the Nordic countries in relation to the establishment of the Single Market. Potentials for the development of coordinated electricity supply and natural gas markets, and for cooperative Nordic research and initiatives are examined. Descriptions of conditions in other lands are given. It is stated that decisions on investments must now be taken within an open capital market with other traditions. There is a need for faster technology transfer. It is concluded that it will be difficult to develope trade related to natural gas between all the Nordic countries, but it should increase (also with regard to electricity) between the Nordic countries and their neighbour countries. Regarding electricity supply, lifting of existing rights of monopoly will result in weaker connections between producer and consumer and supply reliability will decrease. Natural gas supply reliability will be strengthened but producers will shoulder more market risks. Fusions will increase but a greater variation of company types and organization forms will develope. Competition will be sharper and prices for electric power could rise. Nordic energy policy will have a more international character, especially with regard to environmental protection. Long-term investment will be encouraged. The Nordic Council of Ministers will need to concentrate on information dissemination related to energy system analyses as a basis for decision-making. Export of Scandinavian hydroelectric power will contribute to international goals for environmental protection. (AB) (45 refs.)

Volatility Spillover Effects in European Equity Markets

NARCIS (Netherlands)

Baele, L.

2003-01-01

This paper quantifies the magnitude and time-varying nature of volatility spillovers from the aggregate European (EU) and US market to 13 local European equity markets.I develop a shock spillover model that decomposes local unexpected returns into a country speciffic shock, a regional European

RE-Shaping. Shaping an effective and efficient European renewable energy market. D23 Final Report

Energy Technology Data Exchange (ETDEWEB)

Rathmann, M.; Klessmann, C.; Nabe, C.; De Jager, D.; De Lovinfosse, I. [Ecofys, Utrecht (Netherlands); Ragwitz, M.; Steinhilber, S.; Breitschopf, B. [Fraunhofer Institute for Systems and Innovation Research ISI, Karlsruhe (Germany); Burgers, J.; Boots, M. [KEMA, Arnhem (Netherlands); Weoeres, B. [EnergoBanking, Budapest (Hungary); Resch, G.; Panzer, C.; Ortner, A.; Busch, S. [Vienna University of Technology, Institute of Energy Systems and Electric Drives, Energy Economics Group EEG, Vienna (Austria); Neuhoff, K.; Boyd, R. [Climate Policy Initiative, German Institute for Economic Research (DIW Berlin), Berlin (Germany); Junginger, M.; Hoefnagels, R. [Utrecht University, Utrecht (Netherlands); Cusumano, N.; Lorenzoni, A. [Bocconi University, Milan (Italy); Konstantinaviciute, I. [Lithuanian Energy Institute LEI, Kaunas (Lithuania)

2012-02-15

The core objective of the RE-Shaping project is to assist Member State governments in preparing for the implementation of Directive 2009/28/EC (on the promotion of the use of energy from renewable sources) and to guide a European policy for RES (renewable energy sources) in the mid- to long term. The past and present success of policies for renewable energies will be evaluated and recommendations derived to improve future RES support schemes. The core content of this collaborative research activity comprises: Developing a comprehensive policy background for RES support instruments; Providing the European Commission and Member States with scientifically based and statistically robust indicators to measure the success of currently implemented RES policies; Proposing innovative financing schemes for lower costs and better capital availability in RES financing; Initiation of National Policy Processes which attempt to stimulate debate and offer key stakeholders a meeting place to set and implement RES targets as well as options to improve the national policies fostering RES market penetration; Assessing options to coordinate or even gradually harmonize national RES policy approaches. This report marks the end of the research project RE-Shaping and summarizes its research activities, results, and recommendations.

Book Review: Diversity in European Marketing

OpenAIRE

Hana Machková

2012-01-01

The case book “Diversity in European Marketing” is the result of the scientific cooperation of the CEMS Marketing Faculty Group. Prestigious Central European Universities - Corvinius University of Budapest and University of Economic, Prague - are members of CEMS - the Global Alliance in Management Education of 26 leading business schools and 70 multinational companies. Four authors from these two Universities share in this book their experience of Central European Marketing specifics.

The European Natural Gas Market

NARCIS (Netherlands)

Correlje, A.F.

The European Union started the introduction of competition in the European market for natural gas. Today, mid-2016, the process of restructuring is still going on. In parallel, important changes in geopolitical, environmental and technological determinants can be observed in the European and global

Brussels' new energy package. Focus on the internal market proposals

International Nuclear Information System (INIS)

Graeper, F.W.J.H.N.

2007-01-01

January 10, 2007, the European Commission presented its proposals for an integrated climate change and energy package. The proposals set out in the 'Energy Policy for Europe' document follow the Green Paper on a European Strategy for Sustainable, Competitive and Secure Energy, a consultation document launched in March 2006 by the Commission. The ideas put forward in the Green Paper have been developed and translated into a proposal for an action plan with respect to the three main objectives of a European Energy Policy: security of supply, combating climate change and the completion of the internal market for electricity and gas. This ardcle will briefly discuss the main elements of the Energy Policy for Europe proposals. The article will then focus on some aspects of the proposals for the internal energy market. In doing so it will concentrate on matters related to the natural gas market. Special attention will be given to the proposals with respect to unbundling and improved regulation of network access and the possible trade-off between the degree of unbundling and the level of regulatory involvement

A new paradigm for the European energy policy?

International Nuclear Information System (INIS)

Veyrenc, Thomas

2010-01-01

As the European Union adopted in 2009 an organisational framework for the energy sector (the third energy package), the author analyses and discusses the progressive evolutions of the European energy policy during the last decades. He first addresses the process of liberalization of electricity and natural gas markets (or network industries) which has been launched by the European Commission from the middle of the 1990's and has been almost achieved. He comments the break created by the emergence of the climate challenge during the 2000's which had an impact on the objectives of the European energy policy, on the environmental policy and on competitiveness. The author then addresses the emergence of concerns related to the security of energy supplies (a coherence challenge for the European policy): definition of the concept of supply security, dilemma of security of supply, discussion of the content of the Lisbon Treaty as a remedy to coherence challenge). The author then discusses these evolutions in terms of new content and continuity, questions the emergence of a European federalism and the lack of great projects

Russia's and the European union's gas interdependence. What balance between the market and geopolitics

International Nuclear Information System (INIS)

Finon, D.

2006-01-01

The purpose of this paper is to review the interdependence relation-ship between Russia and the European Union in the area of gas, by distinguishing the Russian seller's power risk from the issue of short term security, which are often mistaken one for the other The goal is to measure the economic risk associated with the seller's dominant position in the European market to appreciate the relevance of responses that can be made by European countries or the European Union. Firstly, the basically different nature of Russia and of the European Union is described, as well as the role played by its energy resources in the assertion of Russia's political power Secondly there is an analysis of the Russian seller's elements of dependence on the European market, before reviewing, thirdly, the risk of exercising Gazprom's market power in Europe. In closing is a review of the relevance of possible actions by the European Union and member countries to reduce that risk by facilitating the densification of the Pan-european Network, the establishment of entry points and market integration. (author)

Preparing Europe for a single market in energy

International Nuclear Information System (INIS)

Anon.

1990-01-01

By the end of 1992 a ''single market'' in the European Community should be in place. While the energy sector was not included in the ''White Paper'' which planned the single market, it soon became obvious that it could not be excluded. The single market in energy is intended to integrate energy supply in the member states and remove barriers to trade. It has been calculated that these barriers cost the Community 20-30 billion ecus ($15-20 billion) every year. Removing the barriers will result in much greater competition within the energy market. The Commission published a working document, the internal energy market, in May 1988. This report described the real and potential obstacles to the single energy market for each of the principal energy sources and suggested priorities which should be addressed. The strategy suggested in the report is outlined here, and recent developments briefly reviewed. (author)

Energy policy and European utilities' strategy: Lessons from the liberalisation and privatisation of the energy sector in Romania

Energy Technology Data Exchange (ETDEWEB)

Haar, Laura N., E-mail: laura.n.haar@mbs.ac.u [University of Manchester, Manchester Business School, Booth Street West, Manchester M15 6PB (United Kingdom); Marinescu, Nicolae, E-mail: marinescu@unitbv.r [Transylvania University of Brasov, Faculty of Economic Sciences, 29 Eroilor Bd, Brasov 500 036 (Romania)

2011-05-15

In the context of energy sector reforms pursued by Romanian government since 1990s, we compare and contrast the market outcomes of European utilities' investment with the host government policy objectives. We begin with energy market reform in Romania and review governments' efforts to attract foreign direct investment (FDI) and to gradually withdraw from the distribution and supply segments of electricity market. Subsequently, we illustrate the scope European utilities have had, market policy and design notwithstanding, for consolidating market power through regional dominance. We examine the extent to which these utilities have sought to enhance their positions through horizontal and vertical integration, counter to the EU plans for a competitive market structure. We find that the investments of European incumbents have not been resoundingly successful: although market entrance may have been justified on long-term strategic grounds, in the immediate term, segments acquired through competitive auctions have yielded modest regulated returns. Finally, we discuss the extent to which policy makers have achieved their goals. Although the short-term benefits of a competitive market structure have reached some consumers, a renewed interest in promoting 'national champions' reflect frustration with market mechanisms as a means of ensuring long-term strategic investments in the sector. - Research highlights: {yields} We analyze the European Utilities activities in Romania after market liberalization. {yields} We find government efforts to reform energy sector attracted foreign direct investment. {yields} We find utilities consolidated market power horizontally in Central European region. {yields} The short-term benefits of competitive forces contrast the weak returns by utilities. {yields} To encourage further investment, government should not promote national champions.

A look at the European domestic and foreign energy policy

International Nuclear Information System (INIS)

Lesourne, J.

2008-01-01

After having defined the main characteristics of energy considered as a good (a private good, a product of first necessity, a redistributed product, a strategic good), the author presents the actors of the European energy policy: European authorities, member state governments, firms (operators and big consumers), and households. He presents the European domestic energy policy which comprises three main themes: the creation of a domestic market, the taking of government commitments for 2020 into account, and the emission trading scheme. He identifies and comments the three main objectives of the European foreign energy policy: supply security, struggle against climate change, and support to the less developed countries

Trends in the development of energy markets

International Nuclear Information System (INIS)

Penkov, P.; Donchev, A.; Stefanova, E.

2000-01-01

The 20th annual energy symposium (7-8 Dec., 1999, Houston) has been organized by 'Arthur Andersen' company. The main subjects presented are: research, monitoring and assessment of the market risk by BUMP system; electro-energy systems development; energy markets transformation including their liberalization and convergence; necessity of investment capital and possibilities for its effective increasing; structural reform in electric energy sector, in accordance with the European requirements. A review on the achievements and problems in the energy field in the Central and Eastern European countries during the years after the democratic changes is presented at the round table discussion. It is outlined the significance of the operating energy laws in this countries and increasing productivity, and efficiency of the former government electricity companies for the development of corporations. The process of transformation and privatization in some countries in Central and Eastern Europe: Hungary, Poland, Romania, Czech Republic, Latvia, Lithuania is analyzed. As a result of the reports delivered at the 20th yearly symposium, conclusions are made that even in the developed countries the production competition gets into trouble. The right field of market competition in electric-energy field isn't a struggle for production but it is a struggle for investments

European approaches to changing patterns of energy consumption and supply

Energy Technology Data Exchange (ETDEWEB)

Lepetit, P. [Centre Francais sur les Etats-Unis, 75 - Paris (France)

2001-07-01

In the case of the broad debate on the security of energy supply, launched by the european commission on november 2000, this document presents the historical european facts and figures, stress the dramatic changes since 1990 and discussed the policy opinions (nuclear energy, tax policy, further progress in opening market and promoting international trade and investment). (A.L.B.)

European approaches to changing patterns of energy consumption and supply

International Nuclear Information System (INIS)

Lepetit, P.

2001-01-01

In the case of the broad debate on the security of energy supply, launched by the european commission on november 2000, this document presents the historical european facts and figures, stress the dramatic changes since 1990 and discussed the policy opinions (nuclear energy, tax policy, further progress in opening market and promoting international trade and investment). (A.L.B.)

Liberalisation and energy security in the European Union. Success and questions

International Nuclear Information System (INIS)

Clastres, Cedric; Locatelli, Catherine

2012-09-01

The energy environment of the European Union as well as its own internal situation have undergone profound changes. The energy security of member states is therefore an important issue that should be examined. This security concerns gas and electricity markets, with infrastructures, long-term contracts, lack of investment and with the increasing use of natural gas to generate electricity. Energy market players have to manage security concerns in these two markets in order to supply socially and economically essential commodities. In this article, we examine two main topics. The first is related to the European Union's capacity to solve the problem of security of supply by finding internal solutions. The second concerns external security of supply. With the upstream structure of the gas market, a problem of investing in trans-national gas pipelines exists, besides relations with gas suppliers outside the EU. (authors)

European Utility Requirements: European nuclear energy

International Nuclear Information System (INIS)

Komsi, M.; Patrakka, E.

1997-01-01

The work procedure and the content of the European Utility Requirements (EUR) concerning the future LWRs is described in the article. European Utility Requirements, produced by utilities in a number of European countries, is a document specifying the details relating to engineered safety, operating performance, reliability and economics of the reactors to be built by manufacturers for the European market

THE STEEL EUROPEAN STOCK MARKET EFFICIENCY

Directory of Open Access Journals (Sweden)

Viorica CHIRILA

2015-12-01

Full Text Available Testing the hypothesis of informational efficiency is a permanent preoccupation of researchers because the theories and the models of modern finance are based on it. This paper presents the results obtained after testing the efficiency hypothesis, in the weak form, for the European stock market of the companies that belong to the economic steel sub-sector. Following the use of both linear and non-linear tests of autocorrelation of returns we can conclude that the European stock market in the economic steel sub-sector is inefficient from an informational point of view and the investors in these stocks may obtain better results than those of the European market in general.

European Market Making and Policy Duplication

DEFF Research Database (Denmark)

Frankel, Christian

2013-01-01

This paper argues that private regulation has been essential to the making of the common European market. The distinction between negative and positive integration, usually used to understand the making of the common European market, only gives us part of the picture, as it focuses on public...... authorities and the regulation issued by them, and tends to ignore private authorities. A focus on private regulation is suggested to enlarge the focus on positive and negative integration, and this is used in an analysis of EU's removal of barriers to trade from 1958 to 2000. The paper shows that private...... regulation in the form of technical standardisation has become essential to European market making....

Debates of the Vista 2009 Colloquium 'A European emergency: energy policy'

International Nuclear Information System (INIS)

Fabius, Laurent; Ladoucette, Philippe de; Lederer, Pierre; Percebois, Jacques; Ristori, Dominique; ); ROSIER, Philippe; Tran Thiet, Jean-Paul; Chalmin, Philippe

2009-05-01

After an introduction speech by the chairman of Vista-Think tank energies, a first debate examined whether energy needs Europe. The interveners discussed the existence of other instruments than competition, the openness to all the market actors, the relationship between the regulatory policy and the possibility of development at a European level. The second debate examined whether Europe needs energy. The interveners describe the development of a European energy sector in a context without any actual European energy policy, how such a policy can emerge, how the various challenges and objectives are addressed

International biomass. International markets of biomass-energy - Public synthesis

International Nuclear Information System (INIS)

Gardette, Yves-Marie; Dieckhoff, Lea; Lorne, Daphne; Postec, Gwenael; Cherisey, Hugues de; RANTIEN, Caroline

2014-11-01

This publication proposes a synthesis of a study which aimed at analysing the present and future place of wood-energy in the European Union as the main renewable resource used to produce heat and electricity. This study comprised an analysis of European markets of solid biomass and of regulation, case studies on wood-energy producer markets (North America, Eastern Europe, Brazil and Africa), a study of preparation modes (shredding, granulation, roasting) and biomass transport. This study is based on bibliographical searches in national and European sources, and on field data collected by the various bodies involved in this study. This synthesis notably discusses the following issues: solid biomass is the main renewable resource for the EU and has many applications; European objectives for solid biomass by 2020 are very ambitious; markets are becoming international to face the EU's increasing demand; pellet production in North America is strongly increasing; in Europe, eastern European countries are the main exporters; Brazil has an export potential which is still to be confirmed; the African trade with Europe is still in its infancy. Finally, the development perspectives of roasted wood trade are discussed

Norwegian gas on the European market

International Nuclear Information System (INIS)

Noreng, Oeystein

1999-01-01

Article. Norsk Hydro's acquisition of Saga has made the organization of Norwegian gas sales a very topical issue. Traditionally, Norwegian gas has been sold on long-term take-or-pay contracts where the sales volume is secured and the price is linked to the prices of other energy carriers, primarily oil. Norway has sold large volumes of gas to the continent and has an increasing share of the market. However, the long-term contracts place most of the price risk on the seller. Although the sale is guaranteed, earnings are low. Statoil, the largest seller of Norwegian gas, has so far earned much more by transporting the gas to the continent than by producing and selling it. The long-term take-or-pay contracts are no longer safe. In Germany, the power market is quickly opening for competition, implying falling prices and lapsing long-term contracts. A similar development is likely to occur in the gas market. From Norwegian quarters there has been little interest in establishing oneself in the gas markets on the continent, which worries the author. However, the traditional contracts will have to be renegotiated so that the prices will reflect the real competition in the market. It is argued that a sensible Norwegian strategy will be to prepare for a new world for gas, not to hold tight to historical positions. It is suggested that old plans to establish a gas transport company, Gassledd, should be revived. Such a company would be subject to the European Gas Directive and would have to admit a third party. It is likely that the Norwegian opposition to liberalization of the European gas market will one day appear poorly thought out, and that defensive considerations have overshadowed new opportunities

Review of European wind energy programmes

International Nuclear Information System (INIS)

Beurskens, H.J.M.; Lalas, D.

1993-03-01

Based on papers from Norway, Sweden, Spain and Denmark, submitted to the ECWEC'93 conference in Travemuende, Germany, and the draft 1992 annual report of the IEA R+D Wind Programme, a general review is given of national wind energy programmes in European countries. First, tendencies of the past wind energy programmes are described and linked to the present developments. Not only the separate aspects are reviewed (R+D, wind turbine development, market stimulation, utility involvement, regulatory issues and operational experiences), but also the synergetic aspects of their integration is addressed. The main conclusion is that the integration of R+D, industrial development and market stimulation works. 3 tabs

THE EMERGENCE OF THE EUROPEAN COUNTERFEIT MARKETS

Directory of Open Access Journals (Sweden)

Loredana Maftei

2013-07-01

Full Text Available The European market of counterfeit goods has become a subject of increasing concern for businesses, private firms and policymakers. With a growing demand in consumption for this kind of goods, each sector is damaged from the toy industries to the pharmaceuticals industry. This article is aimed to expose the dynamic of the European counterfeiting markets, to highlight the main factors of production, the main providers, the smuggling routes, the overall profit, the main counterfeit products and also to offer a general perspective on the affected European markets.

The role of nuclear energy in the European Community

International Nuclear Information System (INIS)

Maniatopoulos, C.S.; Gmelin, W.; Schenkel, R.

1991-01-01

The overall objective of the energy policy of the European Community is to achieve a secure supply of energy at reasonable cost and low environmental impact. This overall objective is embedded in the steps taken by the European Community towards the Single European Market. This subject will be addressed briefly, as well as the developments in Eastern Europe including the European Energy Charter. With regard to nuclear energy in the community, facts and issues related to electricity production, the front end and back end of the nuclear fuel cycle and current environmental and safety issues will be presented. A common industrial strategy is required in the community including safety regulations, technical specifications and products for international markets. Concerning safeguards, the Commission is fully committed to the obligations from Chapter VII of the Treaty and to any relevant international agreements concluded by the Community. This is reflected in the close cooperation of the Commission with the IAEA and in the increase of resources, both in staff and budget, which the Commission has allocated to the Safeguards Directorate to cope with the increasing requirements, for example for bulk handling facilities. Based on a request from the European Parliament, the Commission has issued in 1989 a first report on the operation of Euratom Safeguards. The Commission services are currently preparing the second report of this type. Finally, some remarks with regard to the future of nuclear energy and challenges of safeguards in the Community will be made

Do Decision 2003/54/EC and Decision no. 1229/2003/EC result in a European market for electricity?

International Nuclear Information System (INIS)

Wenting, F.

2004-01-01

In the summer of 2003 the European Parliament and the European Council issued a new Directive with respect to the internal market for electricity (Directive 2003/54/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the internal market in electricity) and Guidelines for trans-European networks in the energy sector (Decision no. 1229/2003/EC). The question is whether these decisions will lead to a European and free market for electricity. It is concluded that this is not yet the case [nl

Russian gas in the west European market

International Nuclear Information System (INIS)

Nikitin, B.A.

1996-01-01

The paper relates to the Russian supply of natural gas to the west European market. Following themes are discussed: The resource basis of the gas industry; analysis of the European gas market; projects for Russian gas supply to Europe; international co-operation

Norwegian Natural Gas. Liberalization of the European Gas Market

International Nuclear Information System (INIS)

Austvik, Ole Gunnar

2003-01-01

Leading abstract. This book focuses on issues that are important for Norway as a major gas exporter and to the development of a liberalized European market. Chapter 2 explains main features of the European gas market. Natural gas is sold in regional markets with independent pricing structure and particularities. In Europe, this has led to large investments for the producers and long-term contracts. The strong market growth and EU's actions to liberalize the market may change this. The organization of the Norwegian gas production and sale is discussed, as well as the reorganization taking place in 2001. Pricing mechanisms are discussed in Chapter 3, both in the ''old'' / existing structure and how a liberalization of the market may change price formation. The increased importance of energy taxation in EU countries is covered in Chapter 4. Even though natural gas is the most environmentally friendly of the fossil fuels, the use of natural gas may be taxed far harder in the future. The report discusses price effects of such a development. Chapter 5 discusses whether or not a gas producer, like Norway, necessarily must earn a resource rent. With the use of economic theory for exhaustible resources it is shown how prices to consumers may increase at the same time as prices to producers drop, where the difference is made up by higher gas taxes to the consuming countries. Transportation of natural gas involves considerable scale advantages and there are often scope advantages from production, storage and sale, as well. Chapter 6 discusses how competition and regulation may influence the functioning and social efficiency of the market, and the concentration of market power. When companies become large, they may exploit market power, supported by the authorities of their respective countries. Chapter 7 focuses on regulatory challenges for the EU, and how the transporters may change between conflicting and cooperation with the EU. Chapter 8 focuses on schedules for

European Union definitely introduces common taxes on energy

International Nuclear Information System (INIS)

Schoenweisner, R.

2003-01-01

In this paper taxes of the European Union on energy are reviewed. European Union Ministers of environment Council definitely ratified new common system of minimal energy taxes in last week. Council introduces par excellence minimal all-European size of an electricity, coal and natural gas consumption tax. New directive according to European Commission will improve operation of internal market and eliminate deformation of competitive environment among individual members as well as among mineral oils and the other energy sources. Slovak Republic taxes all motor fuel types by higher charge as is minimal level demanded by EU according to new directive after rising of consumable tax from mineral oils in August 2003. According to Minister of Finances Slovak Republic demanded European Union for a temporary 10-year period for utilizing electricity, coal, coke, and natural gas consumption tax. According to Ministry, Utilizing new taxes and rising of tax load is not in interest of started tax reform in Slovak Republic

Integrated energy markets and varying degrees of liberalisation: price links, bundled sales and CHP production exemplified by Northern European experiences

International Nuclear Information System (INIS)

Jacobsen, H.K.; Fristrup, P.; Munksgaard, J.

2006-01-01

Liberalisation of energy markets has during the last 20 years been gradually introduced in many countries. The liberalisation has led to concerns regarding the markets' state of competition and fears that market power existence can result in less efficiency gains than what is expected from liberalisation. Concerns have also been raised as to whether specific consumer groups will be affected by limited competition in markets. Much of the concern has been concentrated on the electricity markets, but the development of energy sectors with integration of activities within natural gas, electricity and the oil sector creates the need to examine market power aspects across these markets. This paper examines the concentration trends in the Northern European markets for electricity and natural gas, combined with regional district heating aspects, especially with respect to the situation in Denmark. The situation with natural gas companies supplying to both small-scale CHP and to retail heat customers is discussed, for instance, which changes of regulatory regime for domestic heating customers should be considered when the natural gas market is being liberalised? The interlinked nature of the energy markets is described and examples of impacts from one market with limited competition to other markets with seemingly well-functioning competition are given. The specific case of large CHP production facilities with output on the regulated district heating market and the competitive Nordic electricity market is examined. How much of the fluctuations in price experienced in electricity markets should be reflected in the price of heating supplies? To which degree do the heating customers have to bear the burden of low-electricity market prices? Regulation of liberalised markets is discussed focusing on the interaction between one regulated market and the related energy markets that are liberalised. Existing regulation on the markets are compared to a situation where liberalisation

Integrated energy markets and varying degrees of liberalisation: Price links, bundled sales and CHP production exemplified by Northern European experiences

International Nuclear Information System (INIS)

Klinge Jacobsen, Henrik; Fristrup, Peter; Munksgaard, Jesper

2006-01-01

Liberalisation of energy markets has during the last 20 years been gradually introduced in many countries. The liberalisation has led to concerns regarding the markets' state of competition and fears that market power existence can result in less efficiency gains than what is expected from liberalisation. Concerns have also been raised as to whether specific consumer groups will be affected by limited competition in markets. Much of the concern has been concentrated on the electricity markets, but the development of energy sectors with integration of activities within natural gas, electricity and the oil sector creates the need to examine market power aspects across these markets. This paper examines the concentration trends in the Northern European markets for electricity and natural gas, combined with regional district heating aspects, especially with respect to the situation in Denmark. The situation with natural gas companies supplying to both small-scale CHP and to retail heat customers is discussed, for instance, which changes of regulatory regime for domestic heating customers should be considered when the natural gas market is being liberalised? The interlinked nature of the energy markets is described and examples of impacts from one market with limited competition to other markets with seemingly well-functioning competition are given. The specific case of large CHP production facilities with output on the regulated district heating market and the competitive Nordic electricity market is examined. How much of the fluctuations in price experienced in electricity markets should be reflected in the price of heating supplies? To which degree do the heating customers have to bear the burden of low-electricity market prices? Regulation of liberalised markets is discussed focusing on the interaction between one regulated market and the related energy markets that are liberalised. Existing regulation on the markets are compared to a situation where liberalisation

Swedish industrial and energy supply measures in a European system perspective

OpenAIRE

Trygg, Louise

2006-01-01

A common electricity market in Europe will in all probability lead to a levelling out of the electricity price, which implies that Swedish consumers will face higher electricity prices with a European structure. This new market situation will force industry and energy suppliers to take new essential measures as actors in a deregulated European electricity market. In this thesis it is shown how over 30 Swedish small and medium-sized industries can reduce their use of electricity by about 50%. ...

Financial development and energy consumption in Central and Eastern European frontier economies

International Nuclear Information System (INIS)

Sadorsky, Perry

2011-01-01

This study examines the impact of financial development on energy consumption in a sample of 9 Central and Eastern European frontier economies. Several different measures of financial development are examined including bank related variables and stock market variables. The empirical results, obtained from dynamic panel demand models, show a positive and statistically significant relationship between financial development and energy consumption when financial development is measured using banking variables like deposit money bank assets to GDP, financial system deposits to GDP, or liquid liabilities to GDP. Of the three stock market variables investigated, only one, stock market turnover, has a positive and statistically significant impact on energy consumption. Both short-run and long-run elasticities are presented. The implications of these results for energy policy are discussed. - Research Highlights: → Financial development affects energy consumption in 9 Central and Eastern European frontier economies. → Bank variables have a larger impact on energy consumption than do stock market variables. → Long run bank elasticities range from 0.117 to 0.276. → These results have implications for energy demand forecasts and greenhouse gas emissions.

Energy corridors European Union and Neighbouring countries

International Nuclear Information System (INIS)

Van Oostvoorn, F.; Hafner, Manfred; Vailati, Ricardo; Wietschel, Martin

2007-08-01

The ENCOURAGED (Energy corridor optimisation for European markets of gas, electricity and hydrogen) project has been launched in beginning 2005 to identify and assess the economically optimal energy corridors between European Union (EU) and neighbouring countries. The objectives of the project are to: Assess the economic optimal energy (electricity, gas and hydrogen) corridors and related network infrastructure for connecting the EU with its neighbouring countries and regions; Identify, quantify and evaluate the barriers to and potential benefits of building optimal energy corridors connecting the EU with its neighbours; Propose necessary policy measures to implement the recommended energy corridors with a focus on investment and the geopolitical framework; Organise stakeholder workshops and seminars to discuss the results and findings and reach consensus among scientists, stakeholders and non-governmental organizations and validate project results

European Union concerns with its energy dependence

International Nuclear Information System (INIS)

Commeau, N.

2001-01-01

European Union (E.U.) produces only half its needs concerning energy. It is expected that by 2030, the energy balance will be 86% for fossil energies, 8% for renewable energies and 6% for nuclear energy. Different scenario show that the dependence of E.U will worsen and reach 70% unless a common strategy is launched to curb the tendency. E.U is elaborating a common policy concerning energy, this policy rests on 4 axis: 1) monitoring the increase of the energy consumption by promoting energy savings in housing and transport, 2) directing the energy demand towards less polluting energy by using taxes, public funding and European regulations as incentive tools, 3) sustaining a constant dialogues with energy exporting countries in order to get a more stable energy market and have a benefiting influence on prices, and 4) developing new routes of importation of energy by for instance contributing to the construction of new oil or gas pipeline networks. (A.C.)

The Third EU Energy Market Package. Are We Singing the Right Song?

Energy Technology Data Exchange (ETDEWEB)

De Jong, Jacques [Clingendael International Energy Programme CIEP, Den Haag (Netherlands)

2008-02-15

The liberalisation of EU energy markets has been a key objective of EU policy makers for many years. Proposals issuing from Brussels have met with both applause and resistance from many business and political circles. Ever since the project of a 'single European market for gas and electricity' began in the early 1990s, the debate has been alternatingly dominated by rational and emotional arguments, resulting in more or less effective compromises. In this new CIEP Briefing Paper the author takes a thorough look at energy policy in the European Union. He author offers a detailed and thoughtful expose of the current discussions on European electricity and gas markets, and offers key suggestions for fruitful discussions on how to secure competitive EU markets with a reliable external security of (gas) supply.

Energy policy for Europe. Ensuring secure and low-carbon energy in the EU's internal market. Interim report

International Nuclear Information System (INIS)

Egenhofer, C.; Hammes, J.J.; Pedersen, K.

2006-12-01

In early March 2006, the European Commission re-launched the discussion on an Energy Policy for Europe with the 2006 publication of its Green Paper 'Secure, Competitive and Sustainable Energy for Europe'. This manifests the EU's will to broaden its reflection on its future energy systems, taking into account increasing market liberalisation and globalisation, environmental pressures, technological challenges and the growing import dependency from politically unstable regions. Other major contributions to this debate include the climate change communication 'Winning the battle against climate change' (published in 2005), the Green Paper on Energy Efficiency (2005), the Energy Efficiency Action Plan (2006), the ongoing works of the High Level Group on Competitiveness, Energy and the Environment (2006) and the enquiry into the energy sector by DG Competition of the European Commission in 2006. The Spring European Council in March 2006 welcomed the Energy Policy Green Paper and committed itself adopting a prioritised Action Plan at its spring session in 2007, to be prepared by the European Commission and the Energy Council. Early next year, the European Commission will table both the EU Strategic Energy Review, accompanied by a number of sectoral policies and a Green Paper on future climate change policy for the period post-2012 when the Kyoto Protocol expires. Both the EU Strategic Energy Review and the post-2012 Green Paper will outline the European Union (EU) 'energy and climate change vision' and propose a roadmap towards achieving EU energy and climate change objectives, namely, how to ensure the competitiveness of European industries while at the same time combating climate change and ensuring security of energy supply. To contribute to this debate, the CEPS multi-stakeholder Task Force on 'energy policy for Europe' has presented this Interim Report, which attempts to develop the key elements for an EU energy policy framework. Although this report will focus

Market in Germany. Renewable energy and energy conservation in the German construction industry

International Nuclear Information System (INIS)

2008-02-01

This market survey for Germany is on the subject of renewable energy and energy efficient constructing and housing improvement. In order to meet sectoral or thematic information needs of Dutch exporting industries and investing companies, the EVD facilitates the realisation of up-to-date market surveys on promising markets in selected countries. The requested study is very relevant for the Dutch exporting industry, as the German building and construction market is of increasing importance to the Dutch building, installation and equipment building sector. Moreover the German market is a European innovator on renewable energy (RE) and energy efficient (EE) homes or even so-called 'passive' houses. The developments in the German market can guide the Dutch industry in the development of their export strategies. The main target groups for the market surveys are small- and medium-sized enterprises (SMEs) in the Netherlands. Interesting groups among these SMEs are those enterprises that start their business on a foreign market [nl

Dis-harmony in European natural gas market(s). Discussion of standards and definitions

Energy Technology Data Exchange (ETDEWEB)

Karasz, Michael [The Energy House GmbH, Muenchen (Germany); Pustisek, Andrej [Hochschule fuer Technik, Stuttgart (Germany); Drasdo, Peter

2013-06-15

The European Union attempts to harmonise the European natural gas market(s). In general, this is supported on national levels. Nevertheless, such harmonisation is not yet fully accomplished: neither for the rules nor for the quality specifications nor for the physical quantities and their units. Even if the current economic impact of such dis-harmony is negligible, i.e. that market participants for the time being do not have to bear additional costs caused by the lack of harmonisation, participants in the commodity market are exposed to contractual risks. Potentially, this might lead to reduced competition and reduced liquidity of each single and the European internal market for natural gas. However, as the costs for a potential harmonisation of European gas markets are estimated to be significant, the dilemma is evident and the 'political' solution of the 'harmonisation problem' will necessarily deviate from the traders' one. (orig.)

United States natural gas markets, contracts and risks: What lessons for the European Union and Asia-Pacific natural gas markets?

International Nuclear Information System (INIS)

Talus, Kim

2014-01-01

The article examines the natural gas markets of the United States, the European Union and the Asia-Pacific region and their regulation and contractual structures. The article's main focus is on the United States natural gas markets. The European Union and Asia-Pacific markets are compared to this more developed market. By comparing the physical and ideological characteristics of, and differences between, the three main international gas markets, the article exposes the limits of regulatory and contractual transplants in this area of law and policy. Each of these markets is unique, which limits the opportunities for modelling certain market institutions on the basis of the more developed markets in the United States. This applies for both the EU and the Asia-Pacific region. - Highlights: • Differences in the physical markets impact regulation. • Regulatory transplants have risks. • The approach in energy policy should be based on “Law-in-Context” approach

Multi-agent simulation of competitive electricity markets: Autonomous systems cooperation for European market modeling

International Nuclear Information System (INIS)

Santos, Gabriel; Pinto, Tiago; Morais, Hugo; Sousa, Tiago M.; Pereira, Ivo F.; Fernandes, Ricardo; Praça, Isabel; Vale, Zita

2015-01-01

Highlights: • Definition of an ontology allowing the communication between multi-agents systems. • Social welfare evaluation in different electricity markets. • Demonstration of the use of the proposed ontology between two multi-agents systems. • Strategic biding in electricity markets. • European electricity markets comparison. - Abstract: The electricity market restructuring, and its worldwide evolution into regional and even continental scales, along with the increasing necessity for an adequate integration of renewable energy sources, is resulting in a rising complexity in power systems operation. Several power system simulators have been developed in recent years with the purpose of helping operators, regulators, and involved players to understand and deal with this complex and constantly changing environment. The main contribution of this paper is given by the integration of several electricity market and power system models, respecting to the reality of different countries. This integration is done through the development of an upper ontology which integrates the essential concepts necessary to interpret all the available information. The continuous development of Multi-Agent System for Competitive Electricity Markets platform provides the means for the exemplification of the usefulness of this ontology. A case study using the proposed multi-agent platform is presented, considering a scenario based on real data that simulates the European Electricity Market environment, and comparing its performance using different market mechanisms. The main goal is to demonstrate the advantages that the integration of various market models and simulation platforms have for the study of the electricity markets’ evolution

Global integration of European tuna markets

Science.gov (United States)

Jiménez-Toribio, Ramòn; Guillotreau, Patrice; Mongruel, Rémi

2010-07-01

This paper evaluates the degree of integration between the world market and the major European marketplaces of frozen and canned tuna through both vertical and horizontal price relationships. Spatial linkages are investigated horizontally in order to estimate the connection between the European market and the world-wide market on the primary stage of the value chain. One of the key results is the high level of market integration at the ex-vessel stage, and the price leadership of yellowfin tuna over skipjack tuna. The same approach is applied at the ex-factory level. Basically, the European market for final goods appears to be segmented between the Northern countries consuming low-priced canned skipjack tuna imported from Asia (mainly Thailand) and the Southern countries (Italy, Spain) processing and importing yellowfin-based products sold at higher prices. France appears to be an intermediate market where both products are consumed. The former market is found to be well integrated to the world market and can be considered to be competitive, but there is a suspicion of market power being exercised on the latter. Price relationships are therefore tested vertically between the price of frozen tuna paid by the canneries and the price of canned fish in both Italy and France. The two species show an opposite pattern in prices transmission along the value chain: price changes along the chain are far better transmitted for the “global” skipjack tuna than for the more “European” yellowfin tuna. The results are discussed, along with their implications for the fishing industry.

Financing Trans-European Energy Infrastructures - Past, Present and Perspectives

International Nuclear Information System (INIS)

Hirschhausen, Christian von

2011-01-01

The transformation of the European energy system towards a low carbon industry requires substantial investment and financing. According to the Energy Infrastructure Package (EIP), around one trillion euros must be invested in the European energy system until 2020. Out of the euro 200 billion required investment for transmission networks, only half of the capital will be provided by markets. This leaves a financial gap of ca. euro 100 bn. and poses a question on the EU role in financing European energy infrastructures. This policy paper by Christian Von Hirschhausen focuses on the future financing of trans-European energy infrastructures. After providing an overview of the long-term infrastructure needs and of the various instruments that currently exist to finance these infrastructures, the author discusses various aspects related with the planning and financing of cross border energy infrastructures with the help of a case study: the North Sea Grid Project. On the basis of the North Sea example, he highlights the importance of adopting a regulatory approach balancing European and Member States' interests as well as of streamlining and expanding the EU financial support to sustainable energy infrastructures

Challenges faced by European energy policy over the next few years

International Nuclear Information System (INIS)

Piebalgs, A.

2005-01-01

This article presents a summary of the points made by EU-Commissioner Andris Piebalgs in an address presented at a congress held by the German Electricity Association VDEW in Berlin on June 9, 2005. The increased promotion of the use of renewable sources of energy in the European Union is discussed, as is the necessity of increased investment in research in this area. Also, Piebalgs stresses the importance of increasing the efficiency of energy use. Three main goals for European energy policy are defined as are six priorities for action. Energy efficiency is set as the main emphasis of action. Questions concerning renewable energy, the European energy market and nuclear energy are discussed

Natural gas market - Market opening in Switzerland and a selection of European Union countries

International Nuclear Information System (INIS)

Wild, J.; Vaterlaus, S.; Worm, H.; Spielmann, Ch.; Finger, M.

2007-02-01

This comprehensive report for the Swiss Federal Office of Energy (SFOE) takes a look at the situation in Switzerland and Europe as far as the liberalisation of the natural gas market is concerned. Comparisons are made between the situation for natural gas and electricity markets. The report discusses the economical and technical characteristics of the gas business such as gas sources, transport, storage and trading as well as the associated investment risks. The gas and electricity supply systems are compared from the supply and demand viewpoints and as far as trading and the increasing of efficiency are concerned. The Swiss gas market is compared with those of selected European countries. Market structures and regulatory aspects are examined and the resulting effects on the market and gas prices are reviewed. The effects of market opening are discussed from both the supplier and consumer points of view

Wind energy: A review of technical and market issues

Energy Technology Data Exchange (ETDEWEB)

Garrad, A.D. [Garrad Hassan & Partners Ltd., Bristol (United Kingdom)

1996-12-31

Opinions on the world market for wind power are presented in this paper. The paper is divided into three sections: the market, the technology, and general conclusions. The market section compares European and US wind energy growth and contributing factors and barriers to growth. A technology overview discusses wind turbine concepts, mass reduction, blade structural flexibility, and growth in machine size. Political decisions, economic aspects, public acceptance, and technology limitations are assessed for their influence on the growth of wind energy. 11 figs.

Impact of European policy trends on bio-energy in the Netherlands

International Nuclear Information System (INIS)

Ruijgrok, W.; Erbrink, J.J.

2000-03-01

Energy extraction from biomass and waste is intended to account for a significant portion of the long-term objective of the Dutch government concerning sustainable energy. A major part of the task for energy from biomass and waste still has to come about, however. In the practical situation, the various parties in the Netherlands are experiencing different kinds of problems with this. In January 1999, the Ministry of Economic Affairs and Novern organised a round table conference concerning these bottlenecks with the participants representing a wide field of activity. The participants of this round table conference stated that insight into European policy developments is very important for the further market introduction of bio-energy in the Netherlands. Commissioned by Novem, this study surveys the consequences of the differences between European policy and Dutch policy in realising the target for energy from biomass and waste in the Netherlands in the medium term (2007). In addition, the following items were considered: sustainable energy; emission policy concerning waste, energy and biomass; waste policy and liberalisation of this market; energy policy and liberalisation of this market; agricultural policy; andfinancing of sustainable energy

The role of regulation in Europe's energy markets

International Nuclear Information System (INIS)

Jones, Ch.

2005-01-01

In this paper, the author emphasizes the two main issues of the role of a regulation authority in the de-regulated European internal energy markets: regulation and competition and regulation and security of supply. He explains the manner in which the European Commission will organize the preparation of new or revised guidelines under the regulation. (J.S.)

Essays on European bond markets

NARCIS (Netherlands)

Cheung, Y.C.

2005-01-01

This dissertation focused on a number of issues that are of importance in the current European bond market. In the past years, the fiscal policy of the Eurozone members, advances in the technology of trading platforms and the introduction of a single currency have reshaped the fixed income markets

European energy exchanges: Too many casino's and too little time

International Nuclear Information System (INIS)

Zewald, H.

2001-01-01

The European energy market has the potential of developing into a booming business, and not just for Europeans. Now that liberalization is seriously taking shape and internet trade has overcome its teething troubles, the Europeans are setting up one exchange after another and the Americans are crossing the Atlantic with a lot of dollar signs in front of their eyes to play poker or roulette. 1 ref

RE-Shaping. Shaping an effective and efficient European renewable energy market. D20 Report. Consistency with other EU policies, System and Market integration. A Smart Power Market at the Centre of a Smart Grid

Energy Technology Data Exchange (ETDEWEB)

Neuhoff, K.; Boyd, R.; Grau, T. [Climate Policy Initiative, German Institute for Economic Research (DIW Berlin), Berlin (Germany); Hobbs, B.; Newbery, D. [Electricity Policy Research Group, University of Cambridge, Cambridge (United Kingdom); Borggrefe, F. [University of Cologne, Cologne (Germany); Barquin, J.; Echavarren, F. [Universidad Pontificia Comillas, Madrid (Spain); Bialek, J.; Dent, C. [Durham University, Durham (United Kingdom); Con Hirschhausen, C. [Technical University of Berlin, Berlin (Germany); Kunz, F.; Weigt, H. [Technical University of Dresden, Dresden (Germany); Nabe, C.; Papaefthymiou, G. [Ecofys Germany, Berlin (Germany); Weber, C. [Duisberg-Essen University, Duisburg-Essen (Germany)

2011-10-15

The core objective of the RE-Shaping project is to assist Member State governments in preparing for the implementation of Directive 2009/28/EC (on the promotion of the use of energy from renewable sources) and to guide a European policy for RES (renewable energy sources) in the mid- to long term. The past and present success of policies for renewable energies will be evaluated and recommendations derived to improve future RES support schemes. The core content of this collaborative research activity comprises: Developing a comprehensive policy background for RES support instruments; Providing the European Commission and Member States with scientifically based and statistically robust indicators to measure the success of currently implemented RES policies; Proposing innovative financing schemes for lower costs and better capital availability in RES financing; Initiation of National Policy Processes which attempt to stimulate debate and offer key stakeholders a meeting place to set and implement RES targets as well as options to improve the national policies fostering RES market penetration; Assessing options to coordinate or even gradually harmonize national RES policy approaches. In the EU, at least 200 gigawatts (GWs) of new and additional renewable electricity sources may be needed by 2020. The aim of this report is to analyse whether the current electricity market and system design is consistent with such an ambitious target. Using an international comparison, we identify opportunities to improve the power market design currently in place across EU countries so as to support the large scale integration of renewable energy sources.

European schemes for promoting renewables in liberalised markets

International Nuclear Information System (INIS)

Meyer, Niels I.

2003-01-01

The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark. An EU directive from September 2001 has postponed the decision on a possible harmonisation of promotional models until at least 2005 in order to obtain more practical experience with the different support schemes. A critical evaluation is given in this paper of the different models with proposals for a balanced development between environmental and trading concerns. It is argued that too much emphasis is presently given to the side of free trade at the expense of long range planning for a sustainable energy development

BDI position on energy policy and energy market deregulation

International Nuclear Information System (INIS)

Kreklau, C.

2003-01-01

Secure energy supplies are indispensable for our modern way of life and our economy. Energy policy is a part of economic policy and must be shaped within the magic triangle of objectives, i.e. security, competitiveness, environmental compatibility. As a result of their outstanding role, electricity and natural gas, with respective shares of 70% in industrial energy use and 85% in energy costs, are in the focus of energy policy interest of the Federation of German Industries (BDI). One important development over the past few years has been the deregulation of the markets for electricity and gas. However, the markedly lower electricity rates to be paid by industry, commercial tariff consumers, and private customers are being offset by new burdens arising from government intervention and taxes. Other dirigistic interventions into the energy market by the red-green federal government since 1998, referred to as 'turning point of energy policy', are invalidating what market opening had been achieved. With a view to a sustainable energy policy for the future, BDI pleads in favor of a broad energy mix. In a mix neutral with respect to competition, this includes the classical energy sources, the renewables, and low-cost, environmentally friendly nuclear power. In principle, it is the forces of the market, coupled with responsible action, which are to steer further developments. On a European level, speedy implementation of the opening of the electricity and gas markets, as decided, should be urged. It is important that the leeway won as a result of deregulation not be constrained again by new regulations. More market, less regulation, and more direct responsibility must provide room for a powerful energy supply system under the premises of the triangle of objectives referred to above. (orig.) [de

The regulated energy economy versus the free energy market - The West German experience

International Nuclear Information System (INIS)

Liesen, K.; Schwarz, H.O.

1989-09-01

The overall good performance of the West German energy industry in terms of energy policy objectives such as security of supplies, competitiveness, efficient use of energy and environmental protection, is attributable to an energy policy based on the principles of the market economy and steady application of these same principles. Today, though, a debate, at times controversial, on whether more market influence or more government intervention is required is underway in West Germany; in view of the successes of energy policy and the balance struck between free enterprise and the government in the past, this debate has met with little understanding in some quarters. It is generally agreed, though, that the quality of the challenges energy policy and the energy industry in West Germany will confront in the future will remain essentially unchanged. West German energy policy will have to deal with: reestablishing a consensus on coal and nuclear power policy; achieving a high standard of environmental protection in the European Communities, and strengthening the position of the energy industry as efforts are made to get moves underway to create a single European market for energy underway. No fundamental change in the course of energy policy in the Federal Republic of Germany is needed to solve current energy policy issues or to preserve the underlying goals of this policy. An energy policy which continues to give priority where possible to market mechanisms as a means of adjustment and provides energy suppliers and users with a stable and reliable framework in which to operate, offers the best promise for meeting the challenges of the future. (author). 2 figs

Energy Policies of IEA Countries: European Union 2008 Review

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-07-01

For the first time, the IEA has reviewed the energy policies of the European Union which shape the energy use of almost 500 million citizens in 27 EU member countries. A unique entity governed under complex and almost constantly evolving structures, the EU constitutes a challenge for energy policy makers. Its energy policy has a global impact, not only because of its 16% share of world energy demand, but also because of the EU leadership in addressing climate change. Strong policy drives are underway in the EU to achieve the completion of the internal energy market, increase renewable energy supply, reduce CO2 emissions and make the EU more energy-efficient. Concerns about security of supply have also led to a greater focus on improved energy relations with supplier countries, and new institutional structures are being put in place. How much progress has been made in the field of security, internal market and external energy policies? And in which of these areas has the EU already implemented a fully integrated policy? IEA Energy Policies Review: The European Union - 2008 addresses these questions and also analyses the impact of the most recent major EU policy measures, in particular the Energy & Climate Package of January 2008 and the 3rd Liberalisation Package of September 2007. This book finds that both of these proposals are highly ambitious. But implementing them and reviewing both volume and allocation of energy R&D will be necessary to achieve a sustainable energy future in a fully competitive integrated EU energy market.

Impact of Germany's energy transition on the Nordic power market – A market-based multi-region energy system model

International Nuclear Information System (INIS)

Zakeri, Behnam; Virasjoki, Vilma; Syri, Sanna; Connolly, David; Mathiesen, Brian V.; Welsch, Manuel

2016-01-01

The EU energy policy aims at creating a single European electricity market through market couplings and grid expansions. To analyse the implications of such power market couplings, we propose a market-based multi-region energy system model. The model simulates a multi-region power market (by applying market optimization and network theory), with detailed representation of each region as an energy system (by simulation of both heat and power sectors). We examine the impact of further integration of variable renewable energy (VRE) in Germany on the Nordic power market. The results indicate that the average electricity price slightly grows in the Nordic power market after Germany's Energy Transition (Energiewende). Hence, the economic surplus of Nordic consumers diminishes while Nordic producers improve their gain under new market conditions. Considering the gird congestion income, the overall system-level benefits (social welfare) will improve in the Nordic region after Germany's Energiewende. However, this gain is not equally distributed among different Nordic countries and across different stakeholders. Furthermore, the Energiewende slightly increases carbon emissions from power and district heating (DH) sectors, and reduces the flexibility in integration of VRE in some Nordic countries like Denmark. The direct interconnection of Norway and Germany through NordLink will contribute to the flexibility in wind integration in other Nordic countries, such as Denmark and Finland. - Highlights: • By an integrated hourly analysis, we model the energy systems of several networked countries and their common electricity market. • The proposed model can inform energy policy on implications of renewable energy integration in an international power market. • Among Nordic countries, Norway gains the highest economic benefits from Germany's energy transition. • Germany's energy transition constrains the flexibility of the Nordic countries in wind integration. • Nord

The players on the European gas market - 2008 edition

International Nuclear Information System (INIS)

Lecarpentier, Armelle

2008-02-01

In a context of growing dependence on extra-European sources, a growth potential in gas use for power generation and the acceleration of the liberalization process, the 2008 Edition of 'The Players on the European Gas Market' offers a unique detailed review of the positioning of players in both the upstream (production, reserves) and downstream (wholesale and retail supply) sectors of the gas chain. This 140-pages report, includes 55 tables and 29 figures, and presents an in-depth description of the European gas industry by country. The Survey 'The Players on the European Gas Market' provides: - The analysis of new upstream areas and production growth prospects, - Company rankings in terms of reserve and production volumes, - The complete overview of the whole European gas market (market characteristics, supply sources, consuming outlets, effective competition), - Strategies and key facts of the wholesale suppliers to Europe, - An in-depth review of national market structures, - The detailed positioning and analysis of national market power of the numerous companies involved in gas supply

2nd European Conference on Green Power Marketing 2002

International Nuclear Information System (INIS)

2002-01-01

This report summarises the information presented at the European Conference on Green Power Marketing held in 2002 in St. Moritz, Switzerland. It takes a look at the market chances of ecologically produced electricity for use in Switzerland and for export. The opinions of experts from the areas of research, business, politics, marketing and non-governmental organisations that were presented at the meeting are summarised. International perspectives and trends are discussed and strategies and management issues are examined. Product and price policies are discussed, as are instruments for the communication of 'Green Power' issues. Also, issues concerning customer needs, renewable energy sources, climate change and sustainability are dealt with and the situation in Australia is looked at

Third single energy market package of the EU Commission

International Nuclear Information System (INIS)

Heller, W.

2008-01-01

In adopting the so-called Third Single Energy Market Package on September 9, 2007, the European Commission has initiated a comprehensive reform of the single energy market. The main item of the package is the separation of generation and supply from the transmission grids and transport networks in the electricity and gas sectors (ownership unbundling), an approach favored by the Commission. On the other hand, the Commission wants to advance protection of the European market in case firms from third countries, to the extent in which they do not comply with the EU unbundling requirements, would want to assume control over an EU grid or network. The key points of the package are presented. The legal and entrepreneurial ramifications are discussed, for instance, under the aspect of protection of ownership, and concrete as well as potential concerns about ownership unbundling are voiced. (orig.)

Wind offering in energy and reserve markets

Science.gov (United States)

Soares, T.; Pinson, P.; Morais, H.

2016-09-01

The increasing penetration of wind generation in power systems to fulfil the ambitious European targets will make wind power producers to play an even more important role in the future power system. Wind power producers are being incentivized to participate in reserve markets to increase their revenue, since currently wind turbine/farm technologies allow them to provide ancillary services. Thus, wind power producers are to develop offering strategies for participation in both energy and reserve markets, accounting for market rules, while ensuring optimal revenue. We consider a proportional offering strategy to optimally decide upon participation in both markets by maximizing expected revenue from day-ahead decisions while accounting for estimated regulation costs for failing to provide the services. An evaluation of considering the same proportional splitting of energy and reserve in both day- ahead and balancing market is performed. A set of numerical examples illustrate the behavior of such strategy. An important conclusion is that the optimal split of the available wind power between energy and reserve strongly depends upon prices and penalties on both market trading floors.

Report of the European Energy Law Seminar 2010

International Nuclear Information System (INIS)

Beukenkamp, J.F.M.; Webbink, F.J.; Fenijn, A.W.C.; Klapwijk, C.L.

2010-01-01

The Annual European Energy Law Seminar was held on 12 and 13 April 2010 at the Grand Hotel Huis ter Duin in Noordwijk, the Netherlands. This article reports on the meeting. The presentations held on the first day addressed various aspects of the Third Energy Package such as the issues of unbundling and third party access, the establishment of a European network of regulators, the collaboration of regulators and the ongoing market integration. Day 2 addressed security of supply and climate protection and the required investments. An overview is also provided of recent developments in the EU competition legislation. [nl

The European market of the wind energy and its perspectives

International Nuclear Information System (INIS)

Heddebaud, D.

2005-01-01

This study presents a whole panorama of the wind energy market and its perspectives. It proposes an analysis of the strategical place of the main manufacturers and operators and presents the activities, the key data and the development strategies of 14 wind power market operators. It aims to answer the following questions: What are the new possibilities for the mature markets? What will be the impact of the offshore wind power? What is the future of the independent manufacturers and of the industrialists? (A.L.B.)

EUROPEAN ENERGY INTERCONNECTION EFFECTS ON THE ROMANIAN ECONOMY

Directory of Open Access Journals (Sweden)

Ionescu Mihaela

2014-07-01

Full Text Available In this paper the author wants to exemplify the extent to which economic growth in Romania is influenced by the current power system infrastructure investments in Europe. Electricity transmission infrastructure in Romania is at a turning point. The high level of security of supply, delivery efficiency in a competitive internal market are dependent on significant investment, both within the country and across borders. Since the economic crisis makes investment financing is increasingly difficult, it is necessary that they be targeted as well. The European Union has initiated the “Connecting Europe” through which investments are allocated to European energy network interconnection of energy. The action plan for this strategy will put a greater emphasis on investments that require hundreds of billions of euro in new technologies, infrastructure, improve energy intensity, low carbon energy technologies. Romania's energy challenge will depend on the new interconnection modern and smart, both within the country and other European countries, energy saving practices and technologies. This challenge is particularly important as Romania has recovered severe gaps in the level of economic performance compared to developed countries. Such investment will have a significant impact on transmission costs, especially electricity, while network tariffs will rise slightly. Some costs will be higher due to support programs in renewable energy nationwide.Measures are more economically sustainable to maintain or even reinforce the electricity market, which system can be flexible in order to address any issues of adequacy. These measures include investments in border infrastructure (the higher the network, so it is easier to evenly distribute energy from renewable sources, to measure demand response and energy storage solutions.An integrated European infrastructure will ensure economic growth in countries interconnected and thus Romania. Huge energy potential of

Impact of Energy Transition in Germany on the Nordic Power Market – A Blessing or Curse?

DEFF Research Database (Denmark)

Zakeri, Behnam; Syri, Sanna; Connolly, David

2015-01-01

integrate and harmonize regional markets towards a pan-European power market with a single pricing algorithm. The impacts of such power market couplings on the interconnected countries are complex, which concerns market participants in different levels, from consumers and producers to grid operators...... in such interconnected countries calls for a market-based multiregion energy system model. In this respect, this contribution analyses the impact of further VRE in Germany on the Nordic countries by proposing a new integrated energy system, power market model of the region. The results reveal the market-economic impact......The European energy policy emphasizes the establishment of EU-wide internal energy markets as a reliable solution in increasing the security of supply, optimal use of internal energy resources, and improved economic competitiveness. With respect to the power sector, the EU’s strategy is to further...

Independent regulatory authorities in European electricity markets

International Nuclear Information System (INIS)

Larsen, Anders; Pedersen, Lene Holm; Sorensen, Eva Moll; Olsen, Ole Jess

2006-01-01

Liberalisation of the electricity market has taken place in most European countries within the last decade. It is considered a precondition of successful liberalisation to establish so-called independent regulatory authorities. In this article, we compare the status and practice of them in 16 European countries, and discuss the relationship between the organisation of the regulation and the market outcome

Towards mass-market development of wind energy

International Nuclear Information System (INIS)

Palz, W.

1996-01-01

The wind turbine technologies employed in today's markets for wind energy are innovative, efficient and in many cases cost competitive. A world market of more than 1000 MW/year and with a turnover of 1 billion ECU has developed and 30,000 new jobs have been created, most of them in small and medium size enterprises. 80% of today's world production is European. The preferred turbine capacity of today is 500 kW. In the next few years a three-fold increase in the rated power of most commercial machines to 1.5 MW is expected. The new large machines have been achieved through the ''WEGA''-programme of the European Commission. Significant market penetration of wind power in the European Union is very recent. The 2500 MW installed wind capacity in Europe today accounts only for 1/2% of the total capacity available for electricity production. Markets of the future will depend on a better development of the economic integration issues of wind energy into large networks. A key is the cost of electric grids which conditions the opportunity cost for feeding wind power at any particular point into the grids. Also, better predictability of the wind resource will give higher value to wind power in the grid and improve its economics further. Various financing schemes have been set up throughout Europe. Financial support and incentives are vital for some more years to come to expand current markets and improve economics through economy of scale. The utilisation of wind turbines in off-grid situations is an important new field for technological innovations and deployment. (author)

Interactions between the German Electricity Spot Market and the Reserve Energy Market

International Nuclear Information System (INIS)

Graeber, Bernhardt

2005-01-01

Eight years after market opening, Germany has well established spot and future markets for electricity. Besides OTC and Internet broker platforms the main market place is the European Energy Exchange in Leipzig (EEX) with its spot and future market. Less known is the reserve energy market in Germany. The four German transmission system operators (TSOs) EnBW, EON, RWE and Vattenfall purchase network services on the reserve energy market. Products with specific technical requirements are primary, secondary and tertiary reserve. (Details about the technical requirements and typical means for providing the required services will be presented.) Each TSO organises a separate auction for these products - for primary and secondary reserve half-yearly, for tertiary reserve daily. Due to the technical requirements the liquidity on these markets is limited, but especially on the tertiary reserve market it is recently growing significantly due to new participants marketing several smaller municipal and industrial reserve power plants as combined bids which meet the 30 MW min. capacity requirement. Every power plant or interruptible load could not only be offered as capacity on the reserve market but could also be dispatched for the spot market. Therefore the developments of prices on these markets are not independent and opportunity costs against the spot market can be estimated for different type of plants bidding in the reserve market. Another interaction between reserve and spot market is caused by the balancing price system in Germany. Prices for balancing energy meeting deviations between load, trading balance and production of a market participant are based on quarter-hourly reserve energy costs encountered by the TSO. As unbiased load and production forecasts are not strictly enforced by the TSOs so far, part of the planned demand could be met with balancing energy if EEX spot market prices rise above expected balancing energy prices. This interrelationship has a

Wind offering in energy and reserve markets

DEFF Research Database (Denmark)

Soares, Tiago; Pinson, Pierre; Morais, Hugo

2016-01-01

The increasing penetration of wind generation in power systems to fulfil the ambitious European targets will make wind power producers to play an even more important role in the future power system. Wind power producers are being incentivized to participate in reserve markets to increase...... their revenue, since currently wind turbine/farm technologies allow them to provide ancillary services. Thus, wind power producers are to develop offering strategies for participation in both energy and reserve markets, accounting for market rules, while ensuring optimal revenue. We consider a proportional...... offering strategy to optimally decide upon participation in both markets by maximizing expected revenue from day-ahead decisions while accounting for estimated regulation costs for failing to provide the services. An evaluation of considering the same proportional splitting of energy and reserve in both...

The security of energy supply. The European Commission's Green Paper stimulates debate

International Nuclear Information System (INIS)

2000-01-01

The growing dependence of the European Union (EU) on external supplies of energy is the central focus of a ''Green Paper'' issued in late November 2000 by the Commission of the European Communities in Brussels. Entitled ''Towards a European Strategy for the Security of Energy Supply'', the Green Paper is intended to stimulate debate on the EU's energy policies and strategies. European member States are ''interdependent'', the Green Paper states, ''both because of climate change issues and the creation of the internal energy market. Any energy policy decision taken by a Member State will inevitably have repercussions on the functioning of the market in other Member States. Energy policy has assumed a new, Community dimension.'' Three main points emerge from the Green Paper: The EU will become increasingly dependent on external energy sources; its enlargement will not change this situation. Based on current forecasts, energy dependence will reach 70% by the year 2030. - The EU has very limited scope to influence energy supply conditions; it is essentially on the demand side that the EU can intervene, mainly by promoting energy saving in buildings and the transport sector. - The EU presently is not in a position to respond to the challenge of climate change and to meet its commitments, notably under the Kyoto Protocol. Featured here is the Executive Summary of the Green Paper

Energy market barometer report 1 - Fall 2013

International Nuclear Information System (INIS)

Schleich, Joachim; Cateura, Olivier; Faure, Corinne; Molecke, Greg; Olsthoorn, Mark; Pinkse, Jonatan; Vernay, Anne-Lorene

2014-01-01

The Grenoble Ecole de Management (GEM) Energy Market Barometer Report aims to track the key trends and challenges of the energy market, on a regular basis, in collaboration with the 'ZEW', the Center for European Economic Research. This edition analyses the expectations of the energy market experts on the role of shale gas, the future electricity mix in France, and the development of energy prices. Key findings: - Two out of three experts believe that exploring shale gas will be authorized in France in the future; - It will take France approximately 30 years to meet the government's goal of reducing the share of nuclear power in the electricity mix from 76% (current) to 50%; - Most experts believe the prices for electricity, gas, oil, coal and CO_2 certificates will remain relatively stable over the next 6 months, but they will increase over the next 5 years

Canadian wind energy technical and market potential

International Nuclear Information System (INIS)

Templin, R.J.; Rangli, R.S.

1992-01-01

The current status of wind energy technology in Canada is reviewed, the technical potential of wind energy in Canada is estimated, and the economic market potential is assessed under several scenarios over about the next 25 years. The technical potential is seen to be large, with applications to water pumping on farms, the coupling of wind turbines to diesel-electric systems in remote communities where fuel costs are high, and the supply of electricity to main power grids. The main-grid application has greatest technical potential, but it cannot be economically exploited under the present utility buyback rate structure for intermittent power sources. A change in government policy toward market development of renewable energy sources, such as is already taking place in several European countries, would greatly increase market potential, decrease emissions of CO 2 and SO 2 , and benefit the Canadian wind energy industry. 2 figs., 1 tab

Implementation of the Third Energy Package and Renewable Energy Sources on Croatian Liberalised Market

International Nuclear Information System (INIS)

Toljan, I.

2016-01-01

The Croatian Third Energy Package was adopted in 2012 and its implementation in the previous period until today has accelerated changes in all areas of Croatian energy sector. The content of The EU's Third Energy Package was made in two directives and three regulations. Directives are implemented into national legislation of EU Member States (they choose the methods). Regulations are implemented directly in the entire EU. The main goal is to establish a unique electricity and gas market with market prices (or lower) and high safety and public service standards. Croatia began with incentives for generation from renewable energy sources in 2004 and by the end of this year, the first contract in that system (wind power plant Ravne on Pag island) will end. The question that presents itself is where and how will the owner sell electricity from now on. Current market suppliers as well as the new organisation in Croatian energy sector, Croatian Power Exchange, are both realistic options. Balancing market led by Croatian TSO is becoming bigger and participates in the business because of the higher amount of installed power connected to the power grid (mostly wind power plants). Can Croatian Transmission Operator still guarantee safe operational planning as before (the last blackout happened 10 years ago)? The existing electricity and gas market design doesn't satisfy its participants any more so an adjustment to new facts of a free market is necessary (power exchange, no more stimulations for renewable sources). What changes should be made in legislation so that the free market can develop and be harmonised with the European market? Decarbonization and digitalisation are a base of European energy policy but they are still waiting for a wider and stronger application in Croatia, is the current legislation enough? With these analysis the paper contributes to the learnings about the implementation of The Third Energy Package in Croatia and a unique energy policy in the EU.(author).

Proposal of a new architecture for the electricity market. Report for France Energie Eolienne

International Nuclear Information System (INIS)

2014-09-01

In a context of evolution of electricity markets in all European countries, with notably an increasing share of renewable energies (particularly wind and solar energy), and as there are two main objectives for the future electricity market rules (integration of renewable energies within the market, market adaptation to a strong development of these energies), this document reports the development of recommendations for the implementation of a market architecture which would promote these objectives in France. These recommendations concern the access to the grid, the wholesale market, adjustment rules, an additional remuneration for renewable energies, the retail market, and the carbon market

European gas markets and Russian LNG. Prospects for the development of European gas markets and model simulations of possible new LNG supplies from year 2000

Energy Technology Data Exchange (ETDEWEB)

Eldegard, Tom [Foundation for Research in Economics and Business Administration, Bergen (Norway)

1996-07-01

The study aims at clarifying the framework for possible LNG exports from Northern Russia and focuses on the European natural gas markets. The first stage provides general background information on the market structure and related topics. In the second stage this information is used to develop a formal market model and subject it to simulations with various assumptions of the future gas supply. The model is described and results from simulations are given. In the first stage facts from the history of the European natural gas market are outlined. Underlying conditions for the development of natural gas markets in Europe are addressed. The EU has been promoting trade liberalisation in the energy sector but most counties resist freer gas trade across the boarders. New infrastructure development for natural gas are either underway or planned. Some important projects are mentioned. Gas in a global perspective is discussed. The cost structure of the LNG chain is mentioned and an overview of existing LNG export capacities world-wide and major reception terminals in Europe and the USA is given. The second stage employs a scenario analysis to evaluate the economic effects of hypothetical LNG deliveries from Northern Russia. The model is developed for the analysis of West European natural gas markets and designed to allow users to create a structural system of interconnected producers and market regions. Basic assumptions for the evolution of natural gas markets till 2005 is developed and base case scenarios calculated for the years 2000 and 2005 and used as a point of reference for the alternative scenarios considered. According to the analysis the introduction of a new LNG supplier in the European gas market will inflict a substantial loss upon all the existing producers. The primary keys to this result are the assumptions made for gas demand and supply capacity. The LNG alternative will hardly be approved for purely economic reasons as long as the Russians maintain

European gas markets and Russian LNG. Prospects for the development of European gas markets and model simulations of possible new LNG supplies from year 2000

International Nuclear Information System (INIS)

Eldegard, Tom

1996-01-01

The study aims at clarifying the framework for possible LNG exports from Northern Russia and focuses on the European natural gas markets. The first stage provides general background information on the market structure and related topics. In the second stage this information is used to develop a formal market model and subject it to simulations with various assumptions of the future gas supply. The model is described and results from simulations are given. In the first stage facts from the history of the European natural gas market are outlined. Underlying conditions for the development of natural gas markets in Europe are addressed. The EU has been promoting trade liberalisation in the energy sector but most counties resist freer gas trade across the boarders. New infrastructure development for natural gas are either underway or planned. Some important projects are mentioned. Gas in a global perspective is discussed. The cost structure of the LNG chain is mentioned and an overview of existing LNG export capacities world-wide and major reception terminals in Europe and the USA is given. The second stage employs a scenario analysis to evaluate the economic effects of hypothetical LNG deliveries from Northern Russia. The model is developed for the analysis of West European natural gas markets and designed to allow users to create a structural system of interconnected producers and market regions. Basic assumptions for the evolution of natural gas markets till 2005 is developed and base case scenarios calculated for the years 2000 and 2005 and used as a point of reference for the alternative scenarios considered. According to the analysis the introduction of a new LNG supplier in the European gas market will inflict a substantial loss upon all the existing producers. The primary keys to this result are the assumptions made for gas demand and supply capacity. The LNG alternative will hardly be approved for purely economic reasons as long as the Russians maintain

Prospects for wind energy in the European Union by 2010

International Nuclear Information System (INIS)

Wagner, A.

1999-01-01

There is a broad consensus among member states and European institutions to increase the share of renewable energies considerably within the next decade. The Commission's White Paper ''Energy for the Future. Renewable Energy Sources'', presented in late 1997, set the target to double the total share of renewable energy from 6 to 12 per cent by 2010, with 40,000 MW wind energy. Experience with various national wind energy support schemes has shown that only strong political commitment and a reliable and favourable legal framework will allow wind energy to reach this target. Market development of wind energy in Germany, Denmark and Spain - comprising 85 per cent of total installed capacity in Europe at the end of 1997 - is a good indication of what is needed for the future of wind energy in Europe: Fair access to the electricity network with fair prices for wind power. This is the key to continue the success story of wind energy in the 21 st century. Reference is made to the Directive on the Internal Electricity Market which explicitly allows the introduction of national and European support schemes for renewable energies. (author)

The strategic role of power grids in the implementation of a European energy policy

International Nuclear Information System (INIS)

Merlin, A.

2010-01-01

With the development of low carbon and renewable energies, the World is living a third energy revolution. In this new context, the European Union has adopted an ambitious energy policy with a triple objective: reducing the volume of carbon dioxide emissions in the atmosphere in order to fight against a possible disastrous climatic change, increasing the security of its energy supplies by limiting its fossil fuels dependence and by reinforcing the solidarity between member states in particular during crisis situation, and completing the building up of domestic electricity and gas markets by a better integration of these markets at the European scale and in relation with neighboring areas (Mediterranean region, Russia). This article explains the key of success of such a policy: a prominent part of electricity in the European energy mix, with a strategic role given to power grids

European Union gas market liberalization: a windfall effect for Russia?

International Nuclear Information System (INIS)

Riviere, Nicolas

2013-01-01

Natural gas has a growing importance in the European Union energy. However, because of the lack of resources in its territory, the EU is highly dependent on imports to meet its gas needs. In parallel, since 1998 the EU seeks the creation of a single and liberalized natural gas market. The aim of this thesis is to investigate whether the gas market liberalization can create a risk for importers' bargaining power and more widely to the gas security of supply of the EU. The first chapter provides an overview of the European gas market. It deals with the implementation of the process of gas market liberalization, the external dependency of the EU and the weakness of gas supply diversity. Using findings from the previous chapter, the second one proposes a model from the cooperative game theory to analyze the effects of the EU natural gas market liberalization on importers' bargaining power. It shows that the liberalization weakens importers' bargaining power vis-a-vis external suppliers, where Russia is the leader. It also shows that the implementation of a European gas purchasing agency offers a counter-power to the EU that balances bargaining power. The third chapter focuses on the development of LNG in the world and more specifically in the EU market. The development of LNG in Europe allows the entry of new operators on the upstream and, thus, increases competition among the EU's suppliers for the benefit of importers' bargaining power. The last chapter analyzes the impact of US shale gas development on the EU gas market. Thus, it shows that development is accompanied by an uncertainty about the future gas demand in the EU and by a reconsideration of the EU's long-term contracts. (author)

The opening up to competition of European electricity markets: genesis and perspectives of an ambitious project

International Nuclear Information System (INIS)

Pellion, Antoine

2007-01-01

This article first describes the European dynamic of the construction of electricity markets. It outlines the economic and competitive logics which are the base of the liberalisation of electricity markets, and do not aim at suppressing a public service. This encompasses the search for an optimal market as economic aim, and an incentive to the opening by community law. It describes the implementation of the liberalisation process with a harmonisation at the European scale, and still different and partitioned markets. It outlines that the expected price decrease did not occur. The electricity pricing is presented as a complex process, and the sustained increase of production costs is outlined. It also outlined that this market has strengthened structural imperfections: a scarcity rent largely accessible to market powers, a strong trend to short term investment behaviour. On the other hand, environmental efficiency has a positive assessment. The next part proposes an overview of possible actions for the development and regulation of European markets: a network to be expanded and densified with better performance and a more competitive market for the benefit of the consumer, a scarcity rent which requires a market framing, a new orientation for the use of this rent. The coordination of electricity production is outlined as a necessary element for a European energy policy

Transactive Energy Trajectories of the European and Croatian Energy Policy

International Nuclear Information System (INIS)

Toljan, I.

2014-01-01

The concept of transactive energy requires harmonized operation of all entities involved in the electrical power system on market-oriented bases. Each country creates independently its direction of the development (trajectory) of its power sector, but within the framework of basic trajectories laid down by the acquits communautaire, some of which are mandatory and some of which are only recommended. Transactive energy uses economic signals or incentives for using all available new technologies in the energy sector, from production to consumption, in a way that is definitely more efficient than the previous one. The trajectories are determined by the implementation policy whose principal characteristic is non-acceptance of delay in making decisions. The benchmarking system has been introduced. After setting the goals for 2020, the acquits communautaire additionally set very ambitious goals for 2030, which will also be reflected on the costs of energy generation, and consequently on the input costs of the European economy. The intention is to reduce CO2 emission from the energy sector by 80 percent until 2050. The development of exploitation of gas deposits and the introduction of new technologies places the USA on the global level in a completely different position than before. Coal is being gradually substituted by gas, which has so far been the dominating energy source for generation of electrical energy. The results of analyses indicate that gas supply in the USA will be three times cheaper than in Europe in the next 100 years. Taking into consideration the intended application of the current drilling technology also in Europe, it is to be expected that a significant change in the European energy policy will occur. There are also forecasts in the Republic of Croatia that might significantly change the picture of the Croatian energy industry. It should be kept in mind that finding new energy sources does not imply abandoning the concept of liberalized market

Liberalising the European natural gas market

International Nuclear Information System (INIS)

Mulder, M.

2002-01-01

Europe's natural gas market is changing radically. The several national markets dominated by monopolistic suppliers are integrating into one European market in which production and trade are subject to competition, while transport through the networks will be unbundled and placed under regulatory influence. What will be the consequences of these changes on natural gas prices, supply security and the environment?

Opportunities and challenges for a sustainable energy policy in SE Europe: SE European Energy Community Treaty

International Nuclear Information System (INIS)

Mihajlov, Andjelka

2010-01-01

Energy demand continues to increase in turn raising concerns about energy supply. In this paper, the author has tried to systematize the role of the energy sector in South Eastern (SE) Europe in the context of the European energy policy process. This should make the energy sector in SE Europe more visible and open to substantial activities and appropriate funding. This is important to assure its full alignment with the European energy policy process, and in so doing, make it less fragile. According to the SE European Energy Community Treaty, parties to the Treaty are obliged to implement reforms in the energy and environmental sector in accordance with the European Union's respective policy. This paper raises awareness of the environmental requirements that have been set, of renewable energy and its implementation, at the same time pointing out that the response in SE Europe has been at a low level. It is believed that this paper could draw attention to the existing problems and could contribute to the establishment of a common integrated energy market in SE Europe and the EU. (author)

Energy efficiency and performance indicators of European electricity market

Directory of Open Access Journals (Sweden)

Constantin DUGULEANĂ

2015-06-01

Full Text Available The electric power system plays a vital role in the development of every country, ensuring the “fuel” which feeds its economic motor. The efficient functioning of this motor is essential for economy. The efficiency and the performances of electric power systems are reflected on the living level of population, through the money spent and the satisfaction level of their needs. The continuity of power distribution process, the good communication between the suppliers and consumers, the promptitude of interventions, the environment protection - all these are aspects characterizing the performance level of power distribution systems. The paper analyzes the evolution of quality indicators of power distribution systems both for countries’ level and for population on European market of electricity.

Information report submitted by the Commission for European Affairs on the new organisation of the electricity market, within the frame of the fourth energy package. Nr 4568

International Nuclear Information System (INIS)

Chabanne, Nathalie; Schneider, Andre

2017-01-01

After charting the gradual implementation of the European energy policy over the past twenty years, and observing the need to adapt the regulatory framework to promote the necessary developments in the sector to combat climate change, the authors of this parliamentary report examine the four texts (three regulations and one directive) of the fourth energy package on the organisation of the electric power market. They notice that the measures proposed by the European Commission aim at making the electricity market more flexible, at strengthening regional cooperation, at allowing the consumer to play a more active role in the market, at promoting the emergence of a European regulator, and at introducing joint methods for the assessment and management of risks. However, the authors consider that several proposals seem to express a highly pronounced desire for centralisation, and therefore lead to a level of prescription which they consider as incompatible with the need to maintain the competencies of the Member States in this field. Therefore, they make recommendations for a close monitoring of the legislative process and to ensure that some proposals are modified or adapted

The Energy Markets' complexity and the need for a multilevel regulation

International Nuclear Information System (INIS)

Ferrari, G.F.

2008-01-01

The energy markets are very complex, because, on the one hand, they imply several different activities and, on the other hand, they involve various levels of government. The energy market is divided indeed in different segments: supply (generation or purchasing), transmission, distribution and sale, which are allocated at different levels of government, from the international and European level (with reference to the security of energy supply), to the local level (with specific regard to the distribution and sale). This complexity makes the energy sector particularly critical, under the pressure of political interests and economical needs. Another sensitive point is linked with the environmental protection, since the consumption of energy is one of the most polluting human activities, and the demand of energy is growing up together with the economical growth of the developing Countries. This problem is increasingly discussed at the international level, with reference to the climate change issue, in order to plan a sustainable development for the whole globe: because of it, the Kyoto Protocol was issued within the United Nation Framework Convention on Climate Change. It establishes legally binding commitments for the reduction of four greenhouse gases for all the 183 ratifying Countries, according the principle of common but differentiated responsibilities, and provides for the promotion of renewable energy. The European Union ratified the Protocol implementing the relative obligations through, for instance, the creation of the EU Emissions Trading Scheme (ETS). The European Union most of all addressed the competitive issue, since the 70s, in order to achieve the result to create a free energy market in Europe. The last results of the European energy policy were the directives on electricity and natural gas in 2004, that imposed the complete opening of the energy markets in almost all the European Countries (with few exceptions). The implementation of the European

1992 status report: U.S. sets new wind energy record as domestic market stagnates

International Nuclear Information System (INIS)

Gipe, Paul

1993-01-01

The current status of the USA wind turbine industry is reviewed both in terms of its domestic market and the global market. Although performance in the domestic market continues to improve and costs continue to drop, the growing European market resulting from their national policies to encourage renewable energies threaten the previous US dominance in this field. It is argued that US national energy policy should aid wind energy development. (UK)

The European Community programmes in the sector of wind energy

International Nuclear Information System (INIS)

Diamantaras, K.; Ferrero, G.L.

1992-01-01

The wind technology market has known a considerable evolution over the last decade. From the early eighties - when there were only a few kilowatts of the research prototype wind turbines installed - the total installed capacity within the European Community has reached nowadays more than 765 MW in commercial machines. This expansion has been brought about with the aid of important R and D energy technology programmes run by national governments, and by the Commission of European Communities with its research, development, demonstration and market development programmes, such as the JOULE, demonstration and THERMIE programmes. This paper presents the activities of the Community demonstration and THERMIE programmes in the wind energy sector from 1983 to 1992. Reference is also made to the Community programmes JOULE II and ALTENER. (au)

Electric energy restructuring in the European Union: Integration, subsidiarity and the challenge of harmonization

International Nuclear Information System (INIS)

Serralles, Roberto J.

2006-01-01

In 1996, the European Union (EU) instituted Directive 96/92/EC that aims to establish a competitive, secure and transparent EU-wide internal electric energy market. The process of electricity market restructuring in the EU is being guided primarily by the principle of subsidiarity. As an organizational concept, the principle of subsidiarity allows Member States to establish their own implementation strategies and methods as a means of achieving the EU-mandated goal of electric energy restructuring. Historically, the structure of the electric energy industry in place among the Member States exhibited widely disparate organizational and functional characteristics with regard to ownership, control and regulation. Under these varied and contrasting political and economic conditions, the goal of a EU-wide harmonized electric energy market becomes very challenging. In this paper, I describe the policy mechanisms and the market conditions mandated by the EU directive aimed at liberalizing the electric energy market. I then assess the role of political culture, historical resource endowment and geographical conditions in the utility restructuring strategies of some key Member States and its effects on the overall goals of a harmonized internal electric energy market. Finally, I argue that European electric energy restructuring must be understood within the context of the political and economic milieu that spawned the individual Member States' electric energy industry

Electric energy restructuring in the European Union: integration, subsidiarity and the challenge of harmonization

International Nuclear Information System (INIS)

Serralles, R.J.

2006-01-01

In 1996, the European Union (EU) instituted Directive 96/92/EC that aims to establish a competitive, secure and transparent EU-wide internal electric energy market. The process of electricity market restructuring in the EU is being guided primarily by the principle of subsidiarity. As an organizational concept, the principle of subsidiarity allows Member States to establish their own implementation strategies and methods as a means of achieving the EU-mandated goal of electric energy restructuring. Historically, the structure of the electric energy industry in place among the Member States exhibited widely disparate organizational and functional characteristics with regard to ownership, control and regulation. Under these varied and contrasting political and economic conditions, the goal of a EU-wide harmonized electric energy market becomes very challenging. In this paper, I describe the policy mechanisms and the market conditions mandated by the EU directive aimed at liberalizing the electric energy market. I then assess the role of political culture, historical resource endowment and geographical conditions in the utility restructuring strategies of some key Member States and its effects on the overall goals of a harmonized internal electric energy market. Finally, I argue that European electric energy restructuring must be understood within the context of the political and economic milieu that spawned the individual Member States' electric energy industry. (author)

Phase Two European Energy Policy Project. European energy and climate policy - Time for something new

International Nuclear Information System (INIS)

Helm, Dieter

2014-01-01

During 2014, European energy and climate change policy has moved centre stage. The annexation of Crimea and the destabilization of Eastern Ukraine have raised tensions with Russia to levels not seen since the Cold War. The EU has responded with an energy security plan, and sanctions. Developments elsewhere have further complicated matters. In the Middle East, the rapid advances of ISIS (now called the Islamic State), the internal conflicts in Libya, the war in Gaza, and the continuing negotiations with Iran on nuclear matters suggest that early optimism about the 'Arab Spring' was at best misplaced, and chronic instability has returned. In the US, the energy revolution continues to change the geopolitics of oil and gas, with the early skepticism about the scale of the changes and the shift towards North American energy independence giving way to recognition that the changes are permanent and profound - for both global energy markets and Europe. The full implications of the end of the commodity super-cycle are both profound for European energy policy and very poorly understood. Commodity prices have tumbled, with oil prices falling below $80 a barrel. On climate change, there is almost certainly not going to be a continuation of the Kyoto style international framework after the Paris conference in December 2015. Chinese emissions per head have now exceeded those of the Europeans, and it is at last being recognized that the climate change problem is one in which China, not the EU, is centre stage. China has announced that it does not intend to cap its carbon emissions until after 2030, by which time they may peak anyway - from a very much higher base after another decade and a half of increases. The Paris conference will see a series of 'pledges' and 'commitments' very much on the pattern of the Copenhagen Accord, not the credible, enforceable legally binding measures that had been proposed at the Durban Conference of the Parties in 2011

Identifying Lead Markets in the European Automotive Industry

DEFF Research Database (Denmark)

Cleff, Thomas; Grimpe, Christoph; Rammer, Christian

2015-01-01

for automobiles and national markets differ considerably in their lead market potential. The German market is found to be most promising to serve as a lead market, while other European countries with a strong automotive tradition like France, Italy, the UK, and Sweden score lower. Our findings suggest that firms......This paper presents an indicator-based methodology to identify lead markets in the European automotive industry. The lead market approach tries to explain why certain countries are better positioned than others for developing and launching new products. While much research stresses the role...... of excellence in technology and interaction among users and producers, the lead market approach focuses on the role of demand characteristics. Based on the concept of innovation design, a lead market is defined as a country where customers prefer that design which subsequently becomes the globally dominant...

Examining market power in the European natural gas market

International Nuclear Information System (INIS)

Egging, R.G.; Gabriel, S.A.

2006-01-01

In this paper, we develop a mixed complementarity equilibrium model for the European natural gas market. This model has producers as Cournot players with conjectured supply functions relative to their rivals. As such, these producers can withhold production to increase downstream prices for greater profits. The other players are taken to be perfectly competitive and are combined with extensive pipeline, seasonal, and other data reflecting the current state of the market. Four market scenarios are run to analyze the extent of market power by these producers as well as the importance of pipeline and storage capacity. (author)

Examining market power in the European natural gas market

International Nuclear Information System (INIS)

Egging, Rudolf G.; Gabriel, Steven A.

2006-01-01

In this paper, we develop a mixed complementarity equilibrium model for the European natural gas market. This model has producers as Cournot players with conjectured supply functions relative to their rivals. As such, these producers can withhold production to increase downstream prices for greater profits. The other players are taken to be perfectly competitive and are combined with extensive pipeline, seasonal, and other data reflecting the current state of the market. Four market scenarios are run to analyze the extent of market power by these producers as well as the importance of pipeline and storage capacity

Hybrid Pricing in a Coupled European Power Market with More Wind Power

OpenAIRE

Bjørndal, Endre; Bjørndal, Mette; Cai, Hong; Panos, Evangelos

2015-01-01

In the European market, the promotion of wind power leads to more network congestion. Zonal pricing (market coupling), which does not take the physical characteristics of transmission into account, is the most commonly used method to relieve congestion in Europe. Zonal pricing fails to provide adequate locational price signals regarding the energy resource scarcity and thus creates a large amount of unscheduled cross-border flows originating from wind-generated power, making the interconne...

Renewable Energy Policy Fact sheet - European Union

International Nuclear Information System (INIS)

2017-09-01

The EurObserv'ER policy profiles give a snapshot of the renewable energy policy in the EU Member States. The European Union aims to achieve a 20% share (with legally binding national targets) of its final energy consumption from RES by 2020, and at least a 27% share (not broken down into nationally binding targets) by 2030. Key instruments at EU level to promote RES include directives, such as the 2009 Renewable Energy Directive. The EU Emission Trading Scheme (ETS) is also intended to support RES. The European Commission has also adopted state aid guidelines to ensure that support schemes to promote RES at national level are compatible with EU competition law and internal market rules. Further instruments are research, development and innovation funding programmes, such as Horizon2020, the Innovation Fund, and the NER300 programme. RES are also supported through regional development funds as well as through grants and loans for RES projects and related infrastructure from the European Investment Bank (EIB) and the European Fund for Strategic Investments (EFSI). A recast directive on the promotion of RES in the period 2020- 2030 is to be adopted along with governance rules to ensure that the EU-wide RES target for 2030 is met

Effects of European energy policy on German nuclear phase-out policy

International Nuclear Information System (INIS)

Buedenbender, Martin

2009-01-01

After the election of the new German government on September 27th, 2009, the nuclear power phase-out decision appears back on top of the political agenda. Hence, an up to date survey of all relevant arguments seems absolutely necessary. In that matter, the scope should not remain national but should also take the European dimension into account. On the European level, a position in favour of nuclear power becomes apparent. Recent political decisions among the 27 member states show a renaissance of atomic energy. EU-Parliament, EU-Commission and EU-Council have all voted for the extensive, long term use of nuclear power in Europe. With its phase-out decision still valid, Germany is part of a minority in Europe. Germany is part of a European market for electricity whose national barriers will blur more and more in the future to form a fully integrated pan-European market in the end. Since nuclear power will provide a major share of the European electricity generation mix, Germany will always be supplied with atomic energy in the long term. This is imperative, regardless of nuclear power plants operating within the borders of Germany or not. Shutting down these facilities in Germany will hence not make the risks associated with atomic energy disappear. It will only add energy-technical challenges to assure long-term supply security. Thus, the new German government should withdraw the phase-out decision. (orig.)

Municipalities and opening up of energy markets; Les municipalites et l'ouverture des marches energetiques

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-07-01

The opening of energy markets in Europe is modifying deeply the general framework of economic activity, modes of organisation and ways of thinking. The energy future in Europe is being determined under the influence of Community directives relating to electricity and to gas. It is also being moulded by national legislation, which is being progressively put into place in different countries of the European Union and in other European countries such as those of central Europe. These will affect the conditions under which policies for energy efficiency, for the development of renewable energy and for combating climate change are to be implemented. The liberalization of energy markets is a new and highly significant element in the European energy scene and municipalities are making a constructive contribution to this process. About 160 representatives of municipalities from 19 different European countries met at the Energie-Cites Seminar in Barcelona in order to become better informed, to exchange opinions and to debate the consequences at their level of the opening of energy markets. As a consequence they have asked themselves questions and exchanged ideas in relation with their respective situations regarding energy planning, production, distribution, and the role of population motivative. The seminar is organized around one round table about the threats and the opportunities of the opening up of energy markets, and three sessions about: what is going to change for the municipality as energy consumer, what is going to change for the municipality as energy producer, distributor and regulator-developer, and what is going to change for the municipality as motivative. (J.S.)

The increasing role of the visible hand in European electricity markets

International Nuclear Information System (INIS)

Finon, Dominique

2013-05-01

In this article, the author discusses the fact that the ambitious objective of de-carbonation of electric power systems is in increasing tension with the objective of a deeper power market liberalisation in the European Union. This can be noticed in the case of renewable energies which are promoted through purchase tariffs or through mandatory green certificates. Thus, risks are carried by operators, whereas it was not the case in the previous public service monopoly situation. The author describes market and regulation failures which result in a discouragement of investments in renewable energies and in low carbon technologies. Then, he presents three types of tools which combine public coordination and long term arrangements. In the next part, adopting an institutional prospective approach, he examines how new institutional means will have to complement the long term coordination of the market when this coordination is progressively faded by a large scale deployment of electric power produced from renewable energy sources and low carbon technologies

European Home Energy

DEFF Research Database (Denmark)

Tommerup, Henrik M.

2009-01-01

An important aim of the european energy performance of buildings directive is to improve the overall energy efficiency of new homes......An important aim of the european energy performance of buildings directive is to improve the overall energy efficiency of new homes...

Energy efficiency and renewable energy policy in the Czech Republic within the framework of accession to the European Union

International Nuclear Information System (INIS)

Wees, M.T. van; Uyterlinde, M.A.; Maly, M.

2002-01-01

The main barrier for end-use energy efficiency and renewable energy in the Czech Republic is the lack of a stable political and regulatory framework. Market incentives can only properly work if the market conditions and restrictions are clear and stable. However, no comprehensive policies and regulation have been implemented in the Czech Republic. Although the acquis communautaire of the European Union includes regulation on energy efficiency and renewable energy, this topic remains low on the negotiation agenda for accession. This paper reports on the current situation in the Czech Republic, including the potentials for end-use energy efficiency and renewable energy, on the existing policy and regulatory framework, and on the remaining gaps with the requirements of accession to the European Union. Also, the impact of the recent increase of nuclear capacity on energy efficiency and renewable energy in the Czech Republic is discussed

The interdependence of major european stock markets: evidence for Greece

OpenAIRE

Καινούργιος, Δημήτριος Φ.; Σαμίτας, Αριστείδης Γ.

2003-01-01

This paper provides new evidence on the relationship between the Greek "blue chip" stock market and the six relative European markets by applying cointegration tests. The time period examined is 1998 to 2000, which marks the entry of Greece to the European Exchange Rates Mechanism II. The empirical results indicate that the Athens Stock Exchange has no considerable links, except for one case, with any other European developed markets examined. These findings have some significa...

MAPPING EUROPEAN CAPITAL MARKETS TENDENCIES

Directory of Open Access Journals (Sweden)

Andreea Avadanei

2011-01-01

Full Text Available The scope of this paper is to analyze the main tendencies influencing European capitalmarkets development. In order to point out their implications, we structured our study onfour chapters. The first one illustrates the consolidation of stock exchanges at the Europeanlevel; the seconds presents some considerations about the deregulation/re-regulation of EUcapital markets; the third section highlights the globalization implications on their evolutionand the fourth one indicates the effects of financial innovation. The progressive integrationof European capital markets over the past decade contributed to the lowering of capital costas a result of increased risk diversification opportunities and reduced transaction costs dueto the specialization of financial system provisions. Moreover, the expansion of thesemarkets improved firms financing decisions, leading to an increased share of non-bankfunding sources.

Nuclear energy in Italy between utopia and reality: Perspectives for the future within the framework of the European Internal Market

International Nuclear Information System (INIS)

Mezzetti, L.

1991-01-01

The decision to do without nuclear energy has been made without there being an equivalent, realistic, and convincing alternative. The whole experience with the plebiscites of 1987 seems to be characterized by problematic elements from a political as well as a judicial point of view. With the Internal Market of 1992 coming nearer, the following becomes acute: Italian 'energy mechanisms' have to be adopted quickly to those of other member states. This means that the differences which characterize the internal situation have to be continuously decreased by coordinating the Italian energy policy along the lines of the latest targets of European energy policy. This can only be achieved if there are changes in the field of governmental intervention. (orig./HSCH) [de

Analysis of stock market returns of American and European stock market from the view of an American and a European investor

Directory of Open Access Journals (Sweden)

Oldřich Šoba

2005-01-01

Full Text Available The paper is focused on the analysis of stock market returns of American and European stock market for different investment horizon from the view of an American and European investor. The paper also partly resumes, in the part of analysis of USD/EUR exchange rate influence on market returns of mentioned stock market, research paper REJNUŠ, O., ŠOBA, O.: Changes in the USD/EUR exchange rate and their impact on the return of stock indexes from the viewpoint of a European and of an American investor. ACTA UNIVERSITATIS AGRICULTURAE ET SILVICULTURAE MENDELIANAE BRU- NENSIS, Vol. LII, No. 6, 2004, pg. 145–159, ISSN 1211-8516.The development of both American and European stock market is put on the development of two, structure-similar Standard & Poor’s exchange indexes, particularly S&P 500 and S&P Europe 350. According to the USD/EUR exchange rate, there were used the values published by FED, with the oldest data there were accepted the count ECU to EUR. The data were taken both from the weekly closing values of mentioned stock indexes and weekly closing values of USD/EUR exchange rate.The analysis was done with using the methods of quantification of „running market returns“ (recount to the average annual values of indexes from the view of both investors within the set investment horizon. The elemental statistical level characteristic – simple average, median and statistical characteristic of variability – standard deviation and variation coefficient were quantified from this time series of annual running market returns. The analysis, which was purposely oriented to six basic different long investment horizon (1 year, 2 years, 3 years, 5 years, 7 years, 10 years, has approved that in focused term of 1980–2004 the market returns of picked stock market from the view of both investors (American and European was generally higher in longer investment horizon than in the shorter investment horizon. The values of variation coefficient in

Labour Market Institutions and Labour Market Performance in the European Union

OpenAIRE

Michal, Tvrdon

2008-01-01

The presented article deals with labour market institutions and labour market performance in the European Union. The first chapter is devoted to theoretical and methodological background of labour market performance. Theoretical literature has created a set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labour, active labour market policy, the system of unemployment and social benefits. All these aspects determine the institutiona...

WEC Europe - Road Map Towards a Competitive Energy Market

International Nuclear Information System (INIS)

Lundberg, G.

2009-01-01

G. Lundberg, the chair of regional task force presented the final draft report. The main conclusions and recommendations that the study has provided may be resumed as follows: 1) The creation of single European electricity market should be initiated with the formation of a core-European market by merging at first, two of the existing more advanced markets, in term of liberalization and effective operation, namely the Nordic and the Central Western European one. Thus, it will include 10 countries (Austria, Belgium, Denmark, Finland, France, Germany, Luxembourg, the Netherlands, Norway and Sweden) representing more than 50% of the EU-29 (plus Norway + Switzerland) electricity generation. Then, it would likely become attractive for joining by other currently fragmented European markets. The formation of the new core-European market should start immediately despite the current recession and it should be designed in a flexible frame, in order to ease the accommodation of the remaining markets; 2) The so-created core-European initial market will undoubtedly requires a set of common regional rules, to be elaborated in compliance with the third package provisions and the guidelines/market codes following the third package approval. Thus, it will provide a model for the remaining isolated markets, to be subsequently integrated. In this regulatory process, all the stake holders (power industry, TSO, regulators, consumers, related national and EU-bodies) must be involved, with a purpose to providing a practical input and thus, to minimize potential frictions, during the implementation phase; 3) The grid development in Europe is the key challenge to promote more competition and in particular, to accommodate the targeted 20% of electricity increases from renewable energy sources, by 2020. For this purpose, what ENTSO is preparing for the grid development and extension by 2020 is of primary importance. Crucial for the success of this plan will be how efficient would be the

Energy regulation at EU level. The role of the European Commission and ACER in the context of REMIT

International Nuclear Information System (INIS)

Konar, Selma

2015-01-01

The regulatory act of promulgating REMIT, the Regulation on Wholesale Market Integrity and Transparency, has highlighted the commanding position of both the European Commission and ACER, the Agency for the Cooperation of Energy Regulators, in the regulation of energy affairs in the European Union. Furthermore it has led to major changes in how surveillance is organized at the national level. The first part of this publication is dedicated to the organization of market surveillance following the promulgation of REMIT. It depicts the tasks of the European Commission and ACER in this context. The Regulation has accorded the authorities a central role in managing the European Union's responsibilities with regard to energy wholesale trade. The act of delegating such far-reaching competence to the authorities deserves careful review however. The article shows how, given ACER's lack of practical experience in market surveillance, as well as its lack of human resources, the task of surveilling the European energy wholesale market confronts the agency with a significant challenge. How successfully the EU energy agency will master this challenge will depend on a number of different factors. Stringent requirements will be needed for the data registration offices in order to ensure optimal data processing. National authorities and supervisory bodies should be made to participate in the data monitoring process. ACER's efficiency in surveilling the market will furthermore depend decisively on its IT infrastructure.

The price of energy efficiency in the Spanish housing market

International Nuclear Information System (INIS)

Ayala, Amaia de; Galarraga, Ibon; Spadaro, Joseph V.

2016-01-01

The housing sector is a substantial consumer of energy, and therefore a focus for energy savings efforts. The Energy Performance of Buildings Directive (EPBD), introduced in 2002 and revised in 2010, is a key instrument to increase the energy performance of buildings across the European Union. Following the implementation of the EPBD into Spanish law, all properties offered for sale or rented out in Spain are required to have an Energy Performance Certificate (EPC). Given that the implementation of the EPC scheme for new, existing and advertised properties is still very low in Spain, unlike other European housing markets, the Spanish one lacks market data on energy efficiency (EE) labels and their impact on housing price. To overcome this gap, we determine the EE ratings of a sample of 1507 homes across Spain on the basis of information collected previously through household surveys. This allowed us to answer the question of whether or not, and to what extent, Spanish housing markets capitalise the value of EE. We apply the hedonic-price technique and observe that more energy efficient dwellings have a price-premium between 5.4% and 9.8% compared to those with the same characteristics but lower EE level. - Highlights: •The Spanish housing market lacks data on energy efficiency (EE) labels. •We determine the EE ratings of a sample of 1507 homes across Spain. •Homes labelled A, B and C account for less than 10% of the housing stock. •Energy efficient dwellings have a price-premium between 5.4% and 9.8%, ceteris paribus.

ANALYSIS OF LABOUR MARKET IN ROMANIA AND THE EUROPEAN UNION

Directory of Open Access Journals (Sweden)

Tanase Diana

2013-07-01

Full Text Available The paper aims at analysing the labour market, one of the most complex forms of market in economy. The present work forwards a comparative survey regarding the labour market in Romania and in the other European Union member states. The paper starts by highlighting general aspects related to labour market and continues by the presentation of the European Union countries’ ranking according to the labour market efficiency, top elaborated on the basis of the World Economic Forum data. Furthermore, the paper analyses labour productiveness, employment rate and unemployment rate both in Romania and in the other countries of the European Union. In the end the authors forward conclusions regarding the possibilities of increasing competitiveness on Romania’s labour market.

The European natural gas market

International Nuclear Information System (INIS)

Hagland, Jan

2001-01-01

An increasing amount of natural gas is flowing into continental Europe, one of the largest gas markets in the world. There are three main sources of gas: Africa, Russia and Norway. Norway is an important supplier of gas, but may be vulnerable to competition. The demand for gas is increasing on a global basis and the largest increase is expected in Asia, followed by America and Europe. It is expected that Norwegian gas deliveries will be a principle source of natural gas for North Europe in the next years and that they will take an increasing part of the British market as the gas deliveries from the British shelf is going down. The European gas market is likely to become liberalized according to the EU's competition- and gas directives. This will not necessarily be a problem, and Norway may be able to increase the export of gas to Great Britain considerably from the year 2010, perhaps up to 40 billion standard m3 per year. Russia is expected to take an increased share of the European gas market, especially in East- and Central Europe, Germany and North Italy. But large investments in existing fields, new developments and new strategic pipelines are necessary

The biomass energy market in Finland

International Nuclear Information System (INIS)

2002-01-01

In 2001, it was estimated that the Finnish biomass market was in excess of 235 million dollars. The development of renewable energy, with special emphasis on biomass, was supported by the development of an energy strategy by the government of Finland. The installed capacity of biomass in Finland in 2002 was 1400 megawatt electrical (MWe). Extensive use of combined heat and power (CHP) is made in Finland, and district heating (DH) systems using biomass are gaining in popularity. Wood-based biomass technologies, retrofits to fluidized bed combustion, and wood procurement technologies were identified as the best opportunities for Canadian companies interested in operating in Finland. A country with high standards, Finland seems to look favorably on new innovative solutions. Joint ventures with Finnish companies might be an excellent way for Canadian companies to gain a foothold in Finland and expand into the European Union, the Nordic countries, the Baltic, Russia and the Central and Eastern European markets. It was further noted that Finland is one of the leading exporters of biomass technology in the world. The document provided quick facts, examined opportunities, and looked at key players. 19 refs., 4 tabs

CRE answer to the European Commission public consultation on the new electricity market design

International Nuclear Information System (INIS)

Ladoucette, Philippe de

2015-01-01

On July 15, 2015, the European Commission launched a public consultation on the new Electricity Market Design. All National Regulatory Authorities (NRAs), and CRE in particular, contributed to the joint ACER-CEER response to the consultation. CRE supports this joint response, and further develops some topics in this document, building on its particular experience in the implementation of the internal energy market: implementation of the network codes, in particular those regarding the markets, development of demand-side flexibility, development of interconnections, and alignment of fragmented balancing markets

Analysis and modelling of the fuels european market

International Nuclear Information System (INIS)

Simon, V.

1999-04-01

The research focus on the European fuel market prices referring to the Rotterdam and Genoa spot markets as well the German, Italian and French domestic markets. The thesis try to explain the impact of the London IPE future market on spot prices too. The mainstream research has demonstrated that co-integration seems to be the best theoretical approach to investigate the long run equilibrium relations. A particular attention will be devoted to the structural change in the econometric modelling on these equilibriums. A deep analysis of the main European petroleum products markets permit a better model specification concerning each of these markets. Further, we will test if any evidence of relations between spot and domestic prices could be confirmed. Finally, alternative scenarios will be depicted to forecast prices in the petroleum products markets. The objective is to observe the model reaction to changes crude oil prices. (author)

Environmental challenges and opportunities of the evolving North American electricity market : European electricity generating facilities: an overview of European regulatory requirements and standardization efforts

International Nuclear Information System (INIS)

Nichols, L.

2002-06-01

Several factors are affecting power generating facilities, such as the opening of both electricity and gas markets, and the pressure applied on generators and governments to ensure a steady energy supply for consumers. An additional factor is the pressure for the closing of nuclear power facilities. European siting and emissions requirements for coal-fired and natural gas generating facilities were presented in this background paper. In addition, the author provided an overview of the standardization process in place in Europe. The European Union and its functioning were briefly described, as well as a listing of relevant organizations. The current trends were examined. The document first introduced the European Union, and the next section dealt with Regulatory regime: the internal energy market. The third section examined the issue of Regulatory regime: generation and environmental regulations. Section four presented environmental management systems, followed by a section on standardization. Section six discussed European organizations involved in electricity issues, while the following section dealt with European commission programs. The last section briefly looked at the trends in the electricity sector, broaching topics such as compliance, electricity generation, and emissions trading. 52 refs., 2 tabs

IEA energy policies review: the European Union

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-09-04

For the first time, the IEA has reviewed the energy policies of the European Union which shape the energy use of almost 500 million citizens in 27 EU member countries. A unique entity governed under complex and almost constantly evolving structures, the EU constitutes a challenge for energy policy makers. Its energy policy has a global impact, not only because of its 16% share of world energy demand, but also because of the EU leadership in addressing climate change. Strong policy drives are underway in the EU to achieve the completion of the internal energy market, increase renewable energy supply, reduce CO2 emissions and make the EU more energy-efficient. Concerns about security of supply have also led to a greater focus on improved energy relations with supplier countries, and new institutional structures are being put in place. How much progress has been made in the field of security, internal market and external energy policies? And in which of these areas has the EU already implemented a fully integrated policy? This publication addresses these questions and also analyses the impact of the most recent major EU policy measures, in particular the Energy and Climate Package of January 2008 and the 3rd Liberalisation Package of September 2007. This book finds that both of these proposals are highly ambitious. But implementing them and reviewing both volume and allocation of energy R and D will be necessary to achieve a sustainable energy future in a fully competitive integrated EU energy market.

Municipalities and opening up of energy markets; Les municipalites et l'ouverture des marches energetiques

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-07-01

The opening of energy markets in Europe is modifying deeply the general framework of economic activity, modes of organisation and ways of thinking. The energy future in Europe is being determined under the influence of Community directives relating to electricity and to gas. It is also being moulded by national legislation, which is being progressively put into place in different countries of the European Union and in other European countries such as those of central Europe. These will affect the conditions under which policies for energy efficiency, for the development of renewable energy and for combating climate change are to be implemented. The liberalization of energy markets is a new and highly significant element in the European energy scene and municipalities are making a constructive contribution to this process. About 160 representatives of municipalities from 19 different European countries met at the Energie-Cites Seminar in Barcelona in order to become better informed, to exchange opinions and to debate the consequences at their level of the opening of energy markets. As a consequence they have asked themselves questions and exchanged ideas in relation with their respective situations regarding energy planning, production, distribution, and the role of population motivative. The seminar is organized around one round table about the threats and the opportunities of the opening up of energy markets, and three sessions about: what is going to change for the municipality as energy consumer, what is going to change for the municipality as energy producer, distributor and regulator-developer, and what is going to change for the municipality as motivative. (J.S.)

Competition in the European electricity markets – outcomes of a Delphi study

International Nuclear Information System (INIS)

Makkonen, Mari; Pätäri, Satu; Jantunen, Ari; Viljainen, Satu

2012-01-01

Internal European electricity markets are a target set by the European Union (EU) and under development at present. This article presents the findings of a Delphi study focusing on the prospects of European electricity markets. The main aim is to report the obstacles that participants in the survey felt were the most critical ones affecting competition in the European electricity markets of the future. The respondents were European electricity market specialists, and the themes of the survey ranged from transmission networks and electricity trade to demand flexibility. One of the key findings was shared concern over the adequacy of transmission network capacity in Europe. It was considered that technical issues, such as existing transmission network bottlenecks, are most likely to form obstacles to creating common European electricity markets if new capacity is not built quickly enough. It was seen by the panellists that electricity trading arrangements, whilst important, are unlikely to form a barrier to the development of an internal electricity market. It was noted that electricity trading issues have recently been the subject of development work in the EU. - Highlights: ► The internal electricity market is a priority of the European Union. ► The Delphi method was used to study competition in the European electricity markets. ► The congested grid hampers the development of internal electricity markets in Europe. ► The significance of a transmission network will be emphasised in the future. ► Electricity trading arrangements are likely to be solved.

Stakes and impact of non conventional gases on the market energy

International Nuclear Information System (INIS)

2010-04-01

This article presents the content of a market study which aimed at describing the boom of the market of non conventional gases in the USA (definition, reasons for quick development, competitiveness, growth perspectives), at understanding how and why theses gases are the new playground of oil and gas companies (actors in presence, positions held by independent operators, ambitions of major companies, question of the development of a European sector of non conventional gases), and at anticipating the changes of the energy production market (the emergence of this market in the USA is an acceleration and imbalance factor of the world market of natural gas, and non conventional gases may change the deal on energy markets)

Taxation on energy products and fiscal harmonisation in the European Union

International Nuclear Information System (INIS)

Dorigoni, S.

2000-01-01

Taxation on energy products has represented one of the main issues in the Community Policy for many years. The object of the draft Directive 97/30, relative to the restructuring of the European set-up for taxation on energy, is the one of promoting a harmonisation process in the excise levels and of removing, in this way, one of the main obstacles towards the achievement of competition on energy markets and, more generally, the creation of the single European market. In this article the differences in energy taxation among member states are firstly analysed, considering the effects that would arise from the application of common minimum levels of taxation as foreseen by the above-mentioned Community law. The possibility of applying to the environmental taxation (based on the internalisation of external costs due to energy production and consumption) as a convergence criterion is then considered, pointing out the main obstacles to its adoption, but also the risks that seem to be concerned with a harmonisation process that were not coherent under an environmental point of view [it

Integration of wind energy in the Dutch electricity system in the context of the Northwestern European market for electricity. Final report

International Nuclear Information System (INIS)

Benz, E.; Hewicker, C.; Moldovan, N.; Stienstra, G.; Van der Veen, W.

2010-04-01

A study was conducted of the integration of large volumes of wind energy in the Dutch electricity system in the context of a Northwest European electricity market for the year 2020. This study contributes to answering the questions that are at the centre of the project 'Fuel mix'. The following aspects are addressed: the capacity to combine large volumes of wind energy in the Dutch electricity system with the use of CHP; the impact of electricity costs; the influence on CO2 emissions and fuel use; the correlation between the electricity production of CHP units; wind parks and coal-fired plants. In this study the Dutch electricity system is simulated in connection with the framework of the regional electricity market in Northwest Europe for the year 2020. The conducted simulations are based on perfect competition with the marginal cost price of the production units as offer price in the electricity market. To this end the chronological production simulation model (PLEXOS) was used, which takes into account the dynamic operational management and limitations of the electricity plants and the transmission grid. [nl

Liberalization of the energy market in the Republic of Bulgaria - the main priority of the SAEER

International Nuclear Information System (INIS)

Kovachev, M.

2001-01-01

The priorities in the policy of the Bulgarian State Agency of Energetics and Energy Regulation, taking into account the current situation in the country, are presented. The main topics, discussed are: 1) Development of a competitive energy market; 2) Harmonization of the legislation with the European Union; 3) Bringing investments into the energetics and privatization; 4) Energy supply at minimal expenses; 5) Energy efficiency; 6) Encouraging of the use of renewable energy sources; 7) Integration of the Bulgarian and European energy market; Assurance of nuclear safety and the safe management of radioactive waste and spent fuel

Strengthening the European Union Climate and Energy Package to build a low carbon, competitive and energy secure european union

Energy Technology Data Exchange (ETDEWEB)

Guerin, Emmanuel; Spencer, Thomas

2011-10-11

Immediate action to strengthen the European Union Climate and Energy Package (EU CEP) is needed to ensure Europe's sustained growth, competitiveness and energy security. Indeed, the current 20% emissions reduction target is too low to reach the European long-term goal of reducing emissions by at least 80% by 2050 at acceptable costs. But the EU CEP is also inefficient to address sustainable potential competitiveness losses and carbon leakages in some carbon intensive industries, and most importantly to boost fully the competitiveness of firms producing low-carbon products and services. Moving to 30% by 2020 could induce significant long-term GDP gains and only marginal GDP short-term costs, increase the competitiveness of European firms producing innovative low-carbon technologies, and reduce both final energy consumption and EU energy dependency. But for these objectives to be met, the contents of policies to reach this 30% target is as important as the target itself. There are three main areas in which the EU CEP needs strengthening: (1) Improvement of the energy efficiency of the existing building stocks, and limitation of the absolute level of energy consumption in the transport sector are needed to reach the 20% energy efficiency target. Binding targets should only be used when absolutely necessary and when helpful. (2) From an economic, environmental and political perspective, setting a stringent European Union Emission Trading System (EU ETS) 2030 cap between -45 and -50% from 2005 levels is probably the most relevant, efficient, and realistic option in the short term. It would increase the predictability of the carbon price signal, and therefore the credibility of the regulator. Banking would ensure that this stringent mid-term target translates into a short-term increase of the carbon price. (3) In some cases, direct public financial support is justified and efficient: to overcome market failures and non-market barriers; to support innovation in low

Strengthening the European Union Climate and Energy Package to build a low carbon, competitive and energy secure european union

International Nuclear Information System (INIS)

Guerin, Emmanuel; Spencer, Thomas

2011-01-01

Immediate action to strengthen the European Union Climate and Energy Package (EU CEP) is needed to ensure Europe's sustained growth, competitiveness and energy security. Indeed, the current 20% emissions reduction target is too low to reach the European long-term goal of reducing emissions by at least 80% by 2050 at acceptable costs. But the EU CEP is also inefficient to address sustainable potential competitiveness losses and carbon leakages in some carbon intensive industries, and most importantly to boost fully the competitiveness of firms producing low-carbon products and services. Moving to 30% by 2020 could induce significant long-term GDP gains and only marginal GDP short-term costs, increase the competitiveness of European firms producing innovative low-carbon technologies, and reduce both final energy consumption and EU energy dependency. But for these objectives to be met, the contents of policies to reach this 30% target is as important as the target itself. There are three main areas in which the EU CEP needs strengthening: (1) Improvement of the energy efficiency of the existing building stocks, and limitation of the absolute level of energy consumption in the transport sector are needed to reach the 20% energy efficiency target. Binding targets should only be used when absolutely necessary and when helpful. (2) From an economic, environmental and political perspective, setting a stringent European Union Emission Trading System (EU ETS) 2030 cap between -45 and -50% from 2005 levels is probably the most relevant, efficient, and realistic option in the short term. It would increase the predictability of the carbon price signal, and therefore the credibility of the regulator. Banking would ensure that this stringent mid-term target translates into a short-term increase of the carbon price. (3) In some cases, direct public financial support is justified and efficient: to overcome market failures and non-market barriers; to support innovation in low

A Market for Company Incorporations in the European Union?

DEFF Research Database (Denmark)

Birkmose, Hanne Søndergaard

2005-01-01

The article discuss the European market for company incorporation in light of the recent decisions of the European Court of Justice; Centros (1999 E.C.R. at I-1487), Überseering (2002 E.C.R. at I-9919) and Inspire Art (2003 E.C.R. at I-10155)......The article discuss the European market for company incorporation in light of the recent decisions of the European Court of Justice; Centros (1999 E.C.R. at I-1487), Überseering (2002 E.C.R. at I-9919) and Inspire Art (2003 E.C.R. at I-10155)...

The development of GRTgaz - A vital part of the European energy mix

International Nuclear Information System (INIS)

Garnier, J.Ph.

2011-01-01

The energy future has become one of the major stakes of the next presidential election in France. After the Fukushima disaster, the debates on our own energy future mainly cover the closing down, or not, in full or in part, of nuclear power stations. Natural gas is, most of the time, absent from the debate. Yet it has many advantages and should be viewed as a solution that favours renewable energy development, while being essential to achieving a more diversified and more environment-friendly energy mix. In addition, our country is at the crossroads of different European as networks. Given this situation, GRTGaz is doing its utmost to develop an attractive and dynamic wholesale market. With the prospect of increased European market integration and in spite of an uncertain economic environment, investments must be made to develop infrastructure. In 2011, with the financial backing of the European Union, GRTGaz has launched two major gas transport grid reinforcement projects in the South and North of France. These will allow us to strengthen our position as one the major gas hubs in Europe. This is good news for our industry and for employment too. (author)

The integration of Chinese and European renewable energy markets: The role of Chinese foreign direct investments

International Nuclear Information System (INIS)

Lv, Ping; Spigarelli, Francesca

2015-01-01

In the renewable energy (RE) sectors, foreign direct investments are becoming an important mean of regional integration between China and Europe, as a result of the combined effect of Europe–China dialog on energy issues; Chinese energy policy; and Chinese Go Global policy. Using a firm level data set from the Chinese Ministry of Commerce, we perform an analysis on location choice by Chinese RE firms from 2004 to 2013, within Europe. We depict a map of “where to where” (home province vs. host country) and “who to where” (firm level characteristics vs. host country), to find out how characteristics of home and host regions affecting the integration of Chinese and European RE markets. Main results are the following. Investment pairs in RE sectors reflect a duality: firms tend to seek countries with similar institutional environment, compared with their origin regions. Countries with weak and immature institutions are attractive for immature and inexperienced Chinese firms. Main features of Chinese investors are the following: private, non-listed firms, entering through greenfield, focusing on sales. Market-seeking investors tend to enter countries with both well-developed institutional environment and industry development base. R&D-oriented investments are more likely to flow to countries with well-developed institutional environment. -- Highlights: •A map of Where to Where of Chinese investments in Europe is depicted. •Characteristics of home and host regions affect Chinese integration in Europe. •Investment pairs in renewable energy sectors reflect a duality. •Chinese firms localize in EU countries with similar institutional environment. •Through a Who to Where analysis, key features of Chinese investors are outlined

Th european market of the electric power

International Nuclear Information System (INIS)

2001-01-01

This document presents the CRE (commission of the Electric power Control) progress report concerning the first july 2000 to the 30 june 2001. Three main subjects are discussed, illustrated by economic data and graphs: the electric power european market, the french market control and the CRE. A special interest is given to the deregulation of the market and its consequences. (A.L.B.)

Facing the fight for the control. Weight displacements through energy market opening

International Nuclear Information System (INIS)

Frey, D. C.

1999-01-01

On February 19, 1999 the European power markets opened, in the framework of the new directives of the European Union. According to a new study by Anderson Consulting the greatest advantage from the energy markets' opening in Europe will be earned probably by the natural-gas industry. Up to the year 2015, 30 to 40% of the electrical power in Europe will be produced from natural gas. Distributors of power and gas are moving towards offering new services [de

Assets and place of nuclear power on the European energy market

International Nuclear Information System (INIS)

Damianov, S.; Giger, F.

2001-01-01

In the current context of falling prices, nuclear power proves competitive and this will only progress in the coming years. For the future, nuclear power must draw on two assets, namely environment and economy. It offers a reliable and stable procurement policy, with both security and energy independence. As a matter of fact, only nuclear power may guarantee stable prices over the long term. Other energy sources are branded by a high volatility in prices. And this volatility has a price in itself: customers are obliged to hedge their risk exposure with financial tools. It remains to be assessed what will be the share of these risk-coverage tools in the various energy offers, and what amounts the customers will be ready to pay for their risk-exposure. All the above being economical scenarios in a newly emerging and fluctuating market, where forecasts and market trending are still relatively doubtful. (author)

The European Financial Market Stress Index

OpenAIRE

Shaen Corbet

2014-01-01

This research constructs and develops a financial stress index based on European financial markets. The integration of numerous sovereign states has created difficulty identifying stress in any one single financial component, but incorporating twenty-three headline European stress indicators across equities, bonds and currencies, in terms of both spreads and levels offer substantial explanatory benefits. The incorporation of a logistical framework specifically analysing the levels, volatility...

Efficiency of European emissions markets: Lessons and implications

International Nuclear Information System (INIS)

Krishnamurti, Chandrasekhar; Hoque, Ariful

2011-01-01

While prior studies have shown that emission rights and futures contracts on emission rights are efficiently priced, there are no studies on the efficiency of the options market. Therefore, this study fills the gap. We examine empirical evidence regarding the efficiency of the options market for emissions rights in Europe. We employ the put-call parity approach to test the efficiency of options on emission rights traded in the European market. This implies that firms can trade options on emission rights in addition to other existing strategies in order to manage their greenhouse gas emissions. - Highlights: → Efficiency of the European options market for emissions. → Design implications for the development of emissions trading schemes in other countries. → Governance issues pertaining to emissions trading.

More planned economy than market economy in the energy policy strategy for 2020 of the European Commission; Mehr Plan- als Marktwirtschaft in der energiepolitischen Strategie 2020 der Europaeischen Kommission

Energy Technology Data Exchange (ETDEWEB)

Haucap, Justus; Coenen, Michael

2011-04-15

The Europeanization of energy policies is desirable because the three main objectives of energy policy (climate protection, security of supply and competitiveness) have cross-border impacts. Hence, it is good that the European Union has been granted a competence for energy policy in the article 194 of the Lisbon treaty. In addition, it is good that the European Commission has published its long-term strategy to stabilize expectations which is important for infrastructure investment. It is regrettable though that price signals, competition and market principles only play a minor role for the Commission while rather doubtful objectives such as fostering energy efficiency and promoting renewable dominate the agenda. The Commission's strategy is mainly characterized by bureaucratic dirigisme, intense regulation, state planning and public subsidies. The road to a centrally planned energy industry is being walked down fast.

European Union Energy Research

International Nuclear Information System (INIS)

Valdalbero, D.R.; Schmitz, B.; Raldow, W.; Poireau, M.

2007-01-01

This article presents an extensive state of the art of the energy research conducted at European Union level between 1984 and 2006, i.e. from the first to the sixth European Community Framework Programmes (FP1-FP6) for Research, Technological Development and Demonstration (RTD and D). The FP is the main legal tool and financial instrument of EU RTD and D policy. It sets the objectives, priorities and budgets for a period of several years. It has been complemented over time with a number of policy oriented initiatives and notably with the launch of the European Research Area. FP7 will cover the period 2007-2013 and will have a total budget of more than euros 50 billion. Energy has been a main research area in Europe since the founding Treaties (European Coal and Steel Community, European Atomic Energy Community-Euratom and European Economic Community), and energy RTD and D has always been a substantial part of common EU research. Nevertheless, when inflation and successive European enlargements are taken into account, over time the RTD and D effort in the field of energy has decreased significantly in relative terms. In nominal terms it has remained relatively stable at about euros 500 million per year. For the next years (FP7), it is expected that energy will still represent about 10 % of total EU research effort but with an annual budget of more than euros 800 million per year. This article presents a detailed review of the thematic areas and budget in both European nuclear energy research (fusion and fission) and non-nuclear energy research (energy efficiency/rational use of energy, fossil fuels, CO 2 capture and storage, fuel cells and hydrogen, renewable energy sources, strategic energy research/socio-economy). (authors)

Energy and environmental market in industrial enterprises in Thailand

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-04-01

This paper discusses markets related with energy conservation and environment preservation in industrial enterprises in Thailand. The present Thailand is not in a situation that investments are made into environmental businesses or energy saving businesses. However, the attitude of the government toward environment is that emphasis is placed on solving the environmental pollution problems. Laws and regulations are defined for assistance in environment preservation to corporations making efforts to increase export, resource protection and energy conservation. These measures lead to expectation on bright future in developing technologies and markets related to environment preservation and energy conservation. Control of wastes by using clean technologies and enhancement in productivity are very important issues for the export of Thailand partly because European countries and America set these requirements as a condition for transaction. The markets related to energy conservation and environment preservation are anticipated of participation from such businesses as consultants, device manufacturers, and inspection and analysis of environmental effects. (NEDO)

The role of power exchanges for the creation of a single European electricity market: market design and market regulation

International Nuclear Information System (INIS)

Boisseleau, F.

2004-01-01

The electricity sector worldwide is undergoing a fundamental transformation of its institutional structure as a consequence of the complex interactions of political, economic and technological forces. The way the industry is organized is changing from vertically integrated monopolies to unbundled structures that favor market mechanisms. This process in Europe, known as the liberalization process, has had a wide impact on the European electricity industry. The focus of this dissertation is an analysis of the role of electricity power exchanges in the recently liberalized electricity markets of Europe. In the context of creating a competitive electricity market at a European level, the key questions considered are the functioning of these power exchanges with respect to electricity characteristics, market design and regulatory framework. In Europe, very little attention has been paid to the role of these new marketplaces and to the issue of market design in general. Hence the main purpose of this work was to analyze how these marketplaces facilitate the trading of electricity and the role they can play in the construction of a pan-European competitive electricity market. An analysis of power exchange requires taking into account the 'double-duality' of such institutions. One, power exchanges are both a market and an institution. As a market they facilitate the trading of electricity and determine an equilibrium price. As an institution power exchanges have their own objectives and constraints, and play a role in the market design of the overall electricity market. Two, the relationship between electricity power exchanges and liberalization is neither linear nor one way: liberalization encourages the birth of such marketplaces yet marketplaces are more than the results of such process, they are also a driving force of the liberalization process. This thesis is divided into three parts. The current situation in Europe and different existing theoretical approaches in

Financial development and energy consumption in Central and Eastern European frontier economies

Energy Technology Data Exchange (ETDEWEB)

Sadorsky, Perry [Schulich School of Business, York University, 4700 Keele Street, Toronto, Ontario (Canada)

2011-02-15

This study examines the impact of financial development on energy consumption in a sample of 9 Central and Eastern European frontier economies. Several different measures of financial development are examined including bank related variables and stock market variables. The empirical results, obtained from dynamic panel demand models, show a positive and statistically significant relationship between financial development and energy consumption when financial development is measured using banking variables like deposit money bank assets to GDP, financial system deposits to GDP, or liquid liabilities to GDP. Of the three stock market variables investigated, only one, stock market turnover, has a positive and statistically significant impact on energy consumption. Both short-run and long-run elasticities are presented. The implications of these results for energy policy are discussed. (author)

The European gas market from a Belgian point of view

International Nuclear Information System (INIS)

Bouma, J.W.J.

1993-01-01

The European gas distribution industry will be faced with real challenges during the coming ten years. Additional import of natural gas from non-European Community countries will be required in view of the growing demand and the concomitant decrease in gas production in the European Community. This implies that facilities for the long-distance transport of gas will have to be built and that considerable investments are required. It is argued that the recommendation for the liberalization of the gas market by the Commission of the European Communities is unsuited to face future developments of the European gas market. (A.S.)

Legal problems of energy supply within the European Communities

International Nuclear Information System (INIS)

Tettinger, P.J.

1993-01-01

The report contains two articles; the first one is titled: The Directives on Transit of Gas and Electricity - Considerations regarding the juridical limits of the realisation of the Internal Market in the Energy Sector. It has basic considerations regarding the competences of the EC-legal nature of primary and secondary Community law; it analyzes the network of competences, the legality of the Commission's Proposals concerning the Internal Energy Market and further on the possibilities of legal recourse for enterprises in the Federal Republic of Germany in case the proposal directives are adopted. The second article deals with legal problems of energy supply within the EC-especially under the aspect of British coal mining. It incluses considerations regarding a proposed European Energy Charter, recent developments in EC-law regarding electricity and natural gas, third country imports: dumping, and privatisation. (HSCH)

Statistical regularities of Carbon emission trading market: Evidence from European Union allowances

Science.gov (United States)

Zheng, Zeyu; Xiao, Rui; Shi, Haibo; Li, Guihong; Zhou, Xiaofeng

2015-05-01

As an emerging financial market, the trading value of carbon emission trading market has definitely increased. In recent years, the carbon emission allowances have already become a way of investment. They are bought and sold not only by carbon emitters but also by investors. In this paper, we analyzed the price fluctuations of the European Union allowances (EUA) futures in European Climate Exchange (ECX) market from 2007 to 2011. The symmetric and power-law probability density function of return time series was displayed. We found that there are only short-range correlations in price changes (return), while long-range correlations in the absolute of price changes (volatility). Further, detrended fluctuation analysis (DFA) approach was applied with focus on long-range autocorrelations and Hurst exponent. We observed long-range power-law autocorrelations in the volatility that quantify risk, and found that they decay much more slowly than the autocorrelation of return time series. Our analysis also showed that the significant cross correlations exist between return time series of EUA and many other returns. These cross correlations exist in a wide range of fields, including stock markets, energy concerned commodities futures, and financial futures. The significant cross-correlations between energy concerned futures and EUA indicate the physical relationship between carbon emission and energy production process. Additionally, the cross-correlations between financial futures and EUA indicate that the speculation behavior may become an important factor that can affect the price of EUA. Finally we modeled the long-range volatility time series of EUA with a particular version of the GARCH process, and the result also suggests long-range volatility autocorrelations.

Procurement for market transformation for energy-efficient products. A study under the SAVE-programme[SAVE = Specific Actions for Vigorous Energy Efficiency

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-07-01

This report summarises the findings from the SAVE study, 'Procurement for Market Transformation for Energy Efficient Products', focusing on the possibility of executing co-operative procurement activities at the European level. The conclusions are based upon findings from 36 market studies carried out in nine European countries regarding four different products: induction motors, solar-energy systems for water heating, office lighting systems, and combined fridge-freezers, as well as practical experience from about 30 procurements carried out by NUTEK in Sweden, and the experience of the IEA DSM Implementing agreement annex III 'Co-operative Procurement of Innovative Technologies'. The study concludes that co-operative procurement is a promising instrument for consideration in combination with other instruments for future energy-efficiency policy at the EU level. By seeking to transform the European market in its totality, the current prevailing differences between national markets can be softened contributing to the completion of a single European market and providing a basis for a more integrated market transformation approach. However, carrying out the process at the EU level is complex and it therefore needs careful designing in order to be successful. A main barrier to measures of this kind being implemented is the lack of experience, and therefore trust in the process as such, which is why further practical experience on both a national and international level is needed. To encourage member states to participate and co-operate whatever the form chosen, the study suggests that concrete and active support from the Commission is an important signalling effect, since the importance of energy efficiency on the political agenda differs considerably between countries that, furthermore, are more or less flexible when it comes to adopting new policy instruments.

Agora Energiewende (2016). The power market pentagon. A pragmatic power market design for Europe's energy transition

Energy Technology Data Exchange (ETDEWEB)

Buck, Matthias; Redl, Christian; Steigenberger, Markus; Graichen, Patrick

2016-04-15

As consequence of Europe's climate and energy agenda, the European Union will generate some 50 percent of its electricity from renewables by 2030. By 2050, the EU's power system will have to be completely carbon-free. Solar photovoltaics and wind power - driven by significant cost reductions - will almost certainly contribute the biggest share of the zero-carbon technologies. Given the specific characteristics of wind power and photovoltaics (intermittent generation, high capital costs, very low variable costs), they will fundamentally change both market operations and the market design framework. Decarbonisation rests on continuous investments in these technologies. Usually it is expected that the energy market will deliver these investments, in combination with the emissions trading system. But is this view, based on simple textbook economics, enough to enable the required investments under real world conditions? In this paper, we argue that this rather theoretical view to power market design is not the way forward. Instead, a more pragmatic approach is needed, that takes into account the complex practical, political, and economic challenges of the transition towards a carbon-free power system. Thus, we propose to think of the future European market design as a Power Market Pentagon.

Agora Energiewende (2016). The power market pentagon. A pragmatic power market design for Europe's energy transition

International Nuclear Information System (INIS)

Buck, Matthias; Redl, Christian; Steigenberger, Markus; Graichen, Patrick

2016-01-01

As consequence of Europe's climate and energy agenda, the European Union will generate some 50 percent of its electricity from renewables by 2030. By 2050, the EU's power system will have to be completely carbon-free. Solar photovoltaics and wind power - driven by significant cost reductions - will almost certainly contribute the biggest share of the zero-carbon technologies. Given the specific characteristics of wind power and photovoltaics (intermittent generation, high capital costs, very low variable costs), they will fundamentally change both market operations and the market design framework. Decarbonisation rests on continuous investments in these technologies. Usually it is expected that the energy market will deliver these investments, in combination with the emissions trading system. But is this view, based on simple textbook economics, enough to enable the required investments under real world conditions? In this paper, we argue that this rather theoretical view to power market design is not the way forward. Instead, a more pragmatic approach is needed, that takes into account the complex practical, political, and economic challenges of the transition towards a carbon-free power system. Thus, we propose to think of the future European market design as a Power Market Pentagon.

European Climate - Energy Security Nexus. A model based scenario analysis

International Nuclear Information System (INIS)

Criqui, Patrick; Mima, Silvana

2011-01-01

In this research, we have provided an overview of the climate-security nexus in the European sector through a model based scenario analysis with POLES model. The analysis underline that under stringent climate policies, Europe take advantage of a double dividend in its capacity to develop a new cleaner energy model and in lower vulnerability to potential shocks on the international energy markets. (authors)

The market potential for solar heating plants in some European countries

Energy Technology Data Exchange (ETDEWEB)

Zinko, H; Bjaerklev, J.; Margen, P. [ZW Energiteknik AB, Nykoeping (Sweden)

1996-03-01

This study evaluates the market potential for solar collectors for residential heating in six European countries: Sweden, Denmark, Germany, Netherlands, Italy and Greece. The study is based on statistical information about the population, buildings, energy consumption and climatic conditions in the respective regions. The market potential was determined for systems supplying hot water and space heating in small houses and multi family houses, as well as for central block heating and district heating systems. Only systems with diurnal storage were taken into account. The technical potential was derived by analyzing the available roof areas, making allowance construction obstacles, unfavourable orientation, shadowing etc. Furthermore, commercial considerations, such as cost of competing energy sources, e.g. cogeneration and other low cost sources were considered. In accordance with our expectations, we assumed that the solar costs will decrease by 30 to 50% and that the market will increase by 30%/year during the next ten years, due to growing energy prices and by public financial support in an initial phase. It was found that there exists a commercial solar energy market in Greece for small systems and that the market could be nearly commercial in Italy. In the other countries the market must be stimulated by subsidies in order to take off. The total net potential for solar collectors in the six countries was found to about 100 Mm{sup 2} for small systems, and 60 Mm{sup 2} for large systems, corresponding to about 70 TWh/year. In a rough estimate we can say that the net solar collector market potential is about 1 m{sup 2}/inhabitant in north and central Europe, and 0.5m{sup 2} in south Europe. Although systems for seasonal storage were not included in our analysis, it is probable that these systems will increase the net market potential by a factor of 2-3. 9 refs

The market potential for solar heating plants in some European countries

International Nuclear Information System (INIS)

Zinko, H.; Bjaerklev, J.; Margen, P.

1996-03-01

This study evaluates the market potential for solar collectors for residential heating in six European countries: Sweden, Denmark, Germany, Netherlands, Italy and Greece. The study is based on statistical information about the population, buildings, energy consumption and climatic conditions in the respective regions. The market potential was determined for systems supplying hot water and space heating in small houses and multi family houses, as well as for central block heating and district heating systems. Only systems with diurnal storage were taken into account. The technical potential was derived by analyzing the available roof areas, making allowance construction obstacles, unfavourable orientation, shadowing etc. Furthermore, commercial considerations, such as cost of competing energy sources, e.g. cogeneration and other low cost sources were considered. In accordance with our expectations, we assumed that the solar costs will decrease by 30 to 50% and that the market will increase by 30%/year during the next ten years, due to growing energy prices and by public financial support in an initial phase. It was found that there exists a commercial solar energy market in Greece for small systems and that the market could be nearly commercial in Italy. In the other countries the market must be stimulated by subsidies in order to take off. The total net potential for solar collectors in the six countries was found to about 100 Mm 2 for small systems, and 60 Mm 2 for large systems, corresponding to about 70 TWh/year. In a rough estimate we can say that the net solar collector market potential is about 1 m 2 /inhabitant in north and central Europe, and 0.5m 2 in south Europe. Although systems for seasonal storage were not included in our analysis, it is probable that these systems will increase the net market potential by a factor of 2-3. 9 refs

The issue of energy security in relations between the European Union and Azerbaijan

Directory of Open Access Journals (Sweden)

O V Shabelnikova

2014-12-01

Full Text Available The article focuses on cooperation between the European Union and the Republic of Azerbaijan on energy issues. The author analyzes the EU initiatives and projects for the Black Sea and Caspian Sea region as well as the questions of delivery diversification of the Azerbaijani gas to the European markets.

The single European market - a Schumpeterian event?

OpenAIRE

Siebert, Horst

1989-01-01

It is now four years after the White Paper launched the project on the completion of the internal market [Commission, 1985]. 300 steps were packaged and sold in a manner by Delors and Lord Cockfield that "caught on". The basic strategy is simple: abolish or reduce market segmentations that still exist, facilitate free market access, as well as establish the free movement of people, goods, services, and capital (the so-called four freedoms). Will the single European market prove to be an insti...

The Creation of an Energy Security Society as a Way to Decrease Securitization Levels between the European Union and Russia in Energy Trade

Directory of Open Access Journals (Sweden)

Olga Khrushcheva

2011-05-01

Full Text Available The energy trade between the European Union and Russia is securitized due to a combination of factors. First, there are securitizing agents within the European Union. Second, the domestic consolidation of the energy sector under governmental control, the Gazprom monopoly on transportation networks linking Central Asian gas with European markets and the state imposed-limits on foreign direct investment may also raise concerns in the European Union. Finally, Russia is also securitizing the energy sphere by claiming that the EU is trying to impose its values on Russia (for example through the Energy Charter Treaty, which contradicts Russian interests. This article combines securitization theory and the English School of thought and argues that the creation of an Energy Security Society could help de-securitize energy trade between the European Union and Russia.

Distributed generation in European electricity markets. Current challenges and future opportunities

Energy Technology Data Exchange (ETDEWEB)

Ropenus, S. (Technical Univ. of Denmark, Risoe National Lab. for Sustainable Energy. Systems Analysis Div., Roskilde (Denmark))

2010-07-01

This Ph.D. thesis studies the role of distributed generation in European electricity markets. It focuses primarily on the interactions of economics and policy with the aim of contributing to the understanding of how distributed generation is embedded in the present regulatory and market framework, which barriers exist, and which role it may possibly play in the future. To capture the interdisciplinarity of the topic, a combination of qualitative and quantitative methods is applied. Subsequent to the identification of barriers, this thesis turns to the microeconomic perspective on the interplay of vertical structure, regulation and distributed generation. This is done through the application of quantitative methods in the form of partial equilibrium models focusing on the effects induced by the vertical structure of the network operator, either a combined operator or a distribution system operator, in a market with small distributed producers. In areas where the promotion of renewable energy sources and combined heat and power has induced a substantial increase in distributed generation, new challenges in system integration arise. In particular, high levels of generation from intermittent energy sources, such as wind, add to the complexity of network operation and control, which can hardly be tackled with the present 'fit and forget' approach. The conclusion is that distributed generation has great potential to enhance competitiveness, sustainability and security of supply in European electricity markets. A prerequisite is the removal of market and regulatory barriers, taking the interdependencies of vertical structure, support mechanisms and network access into account. In the future, higher penetration levels of distributed generation necessitate changes in the power system and the adoption of new technologies, where hydrogen production by grid connected electrolysis constitutes one example. (LN)

Norway in a liberalized European energy market

International Nuclear Information System (INIS)

Aune, Finn Roar; Golombek, Rolf; Rosendahl, Knut Einar; Kittelsen, Sverre A.C.

2000-01-01

The authors study the short-term effects of a comprehensive liberalization of the gas and power markets in Europe. The analysis is based on a statically applied general equilibrium model which gives an overall and consistent treatment of the energy markets in Europe. The model preserves the structural features in the production, transport and consumption of gas and electricity in Europe, as well as the new competitive situation arising from the liberalization. It is found that the liberalization leads to a strong fall in the price of electricity. The fall in price reflects increased competition and that idle capacity in the power sector is used to increase the production of electricity. In comparison with the real observations in 1996 (the basis year of the model) the price to the end-user is cut in half. The liberalization also leads to a fall in the price of gas. The price fall reflects in part increased competition, in part the fact that falling prise of electricity reduces the demand for gas. However, the price reduction (in per cent) is not as great as for electricity. The model is also used to study the effects in Norway of increased gas production when the gas is either used in increased gas power production in Norway, or is exported. The main conclusion is that (1) the total emission of carbon dioxide goes down in Western Europe, (2) the reduction is greatest if the gas is burned as gas power in Norway

Political and economic heritage of postcommunist Europe and energy market

International Nuclear Information System (INIS)

Sander, M.

1999-01-01

Transition countries include a group of countries with similar political, economic and social problems that signify the period after the end of the cold war and the fall of Communism. The paper presents the characteristics of the European Communist countries before and after the fall of the iron curtain, which influenced the transition process toward market economy. The centralist (Russian) economy model had enormous advantages at the beginning, particularly in the energy sector, owing to unlimited consumption of blood, sweat and tears during the construction of major power plants. The bureaucratic system executed ruthless expropriation of land and the existing power system, neglecting the environment and human health and even disregarding the feasibility of new power plants. The market creation and particularly the creation of an energy market, under which we understand selling and buying of all forms of energy, fuels, power plants' equipment and capital for energy sector, asks for a series of tasks from the Eastern European countries. They must accept market rules, standards of highly industrialised western countries and achievements in parliamentary democracy as the canon of behaviour in democracy. Setting up a legal infrastructure for the private sector, devising a taxation system, determining ownership rights, stabilising the macro economy in the sense of managing the government budget so as to avoid an excessive fiscal deficit, and stabilising monetary policy are primary tasks of the transition countries. The paper particularly reviews the tasks specifically related to the energy sector and analyses the problems taking into account national strategic interests. (author)

Energy policy responses to the climate change challenge: The consistency of European CHP, renewables and energy efficiency policies

International Nuclear Information System (INIS)

Grohnheit, P.E.

1999-09-01

This report is Volume 14 of individual reports of the Shared Analysis Project prepared for the European Commission, Directorate General for Energy. The three major objectives of the project were: to design a common framework of energy analysis that aimed to involve all Member States and the experts of industrial research groups (the shared approach to energy analysis); To analyse generic EU-wide issues important for energy policy and for future energy demand and production, putting particular emphasis on world energy market trends, strategic energy policy responses to the Kyoto process, and evaluation of response strategies to increasing energy import dependence and to climate change activities; to carry out quantitative analyses of energy trends and scenarios as an input for discussion. The present volume considers three main issues concerning energy policy responses to the climate change challenge: the penetration of CHP and renewables according to official objectives, focusing on infrastructure and institutions rather than technology; the consistency of promotion of CHP, renewables and energy savings at the same time; consumers' choices and priorities in a liberalised market. The volume describes examples of policies in several Member States for these technologies with emphasis on CHP for both large-scale and small-scale district heating systems. The penetration of CHP technologies is analysed quantitatively using a traditional optimisation model approach for stylised regions with heat markets suitable for CHP and facing a competitive European market for electricity. The Joint Final Report of the project, titled 'Economic Foundations for Energy Policy' is published as a Special Issue of Energy in Europe, December 1999. All reports are available on the Internet, www.shared-analysis.fhg.de/ The project started in January 1998, involving about 100 months of scientific labour. The project consortium consisted of nine member institutes co-ordinated by the Fraunhofer

The Western European Mobile Service Market

DEFF Research Database (Denmark)

Henten, Anders; Tadayoni, Reza; Hjarup, Søren

The aim of the paper is to analyse the development of the structure in the Western European mobile services market, based primarily on technological and economic parameters. The focus of the analysis is on the market consolidation process, taking place horizontally, i.e. among the mobile network...... operators, and on the new companies entering the mobile field vertically, delivering, e.g., content and portal services, as convergence with Internet develops....

Considerations for Emerging Markets for Energy Savings Certificates

Energy Technology Data Exchange (ETDEWEB)

Friedman, B.; Bird, L.; Barbose, G.

2008-10-01

Early experiences with energy savings certificates (ESCs) have revealed both their merit and the challenges associated with them. In the United States, there has been little activity to date, so any lessons must be drawn from experiences in Italy, the United Kingdom (UK), France, and elsewhere. The staying power of European examples, particularly in Italy, demonstrates that ESCs can help initiate more efficiency projects. Although a robust market for renewable energy certificates (RECs) has emerged in both the voluntary and policy compliance contexts in the United States, ESCs have yet to gain significant traction. This report looks at the opportunity presented by ESCs, the unique challenges they bring, a comparison with RECs that can inform expectations about ESC market development, and the solutions and best practices early ESC market experience have demonstrated. It also examines whether there are real market barriers that have kept ESCs from being adopted and what structural features are necessary to develop effective trading programs.

The marketing of solar energy

International Nuclear Information System (INIS)

Coehoorn, M.; Sinke, W.C.

1994-01-01

After two decades of research and development the market introduction of solar water heaters finally is developing rapidly. In a number of progressive countries, amongst which the Netherlands, preparations are made for the large-scale introduction of photovoltaic (PV) power systems. A brief overview is given of market introduction activities with regard to solar energy applications in several countries. Also attention is paid to new technological developments for the improvement of solar boilers: the Integrated Collector Storage system, the integration of the storage tank in the solar water heater (combi-boiler), and the new principle for a combined system for the production of hot tap water and space heating, the so-called solar-gas-combi. The Dutch-developed boilers, however, must compete with the the foreign thermosyphon boilers, although these boilers probably require more maintenance than the Dutch boilers. The market for PV-systems is still in its infancy. The marketing efforts and research activities in Japan, USA and European countries for PV-systems are briefly discussed. Although financial incentives from the national governments are still necessary contributions from other market parties for the development of PV-systems are expected. 4 ills

Nuclear energy and the Green Paper of the European Commission 'An European strategy for sustainable, competitive and secure energy'

International Nuclear Information System (INIS)

Metes, Mircea

2006-01-01

At present the energy is for European Union officials an issue of top priority. In the beginning of 2006 the natural gas crisis between Russia and Ukraine remembered menacingly to the Europeans that energy supply of the continent depends decisively on importation from other geographic areas and that these importation raise risks of a great variety. In addition to the power problems, disastrous effects on the economy, human life and eco-systems appeared to have the climate changes produced by fossil fuel burning. Consequently, a common energetic policy of Europe should be targeted at three main objectives: sustainability, competitiveness and security of supply. Six directions of action were identified: 1. EU must finalize the construction of internal European gas and electricity market; 2. EU should ensure that its energy market guaranties the security of supply under a solidary policy of the member states; 3. It is necessary that a large debate to have place about different sources of energy including the problems of costs and impact on climatic change, security and supply competitiveness and sustainability; 4. EU should approach the climatic change issues in agreement with the objectives established at Lisbon conference aiming at placing EU in the forefront of technological and scientific progress; 5. A strategic plan concerning the energy technology; 6. A common foreign policy in the field of energy. It is worthy to stress that the present Green Paper of EU has a manifestly different position concerning the nuclear energy with respect to the prior Green Paper of November 2000. While, in 2000 the EU Commission viewed the nuclear energy as being 'in limbo', in the 2006 version the Commission declared the nuclear energy as the most important source of power in Europe without CO 2 emissions. It is stated that all the energy options should be kept open while the Europe states have the right to establish their own energy mix, which they consider optimal, and in which

An improved market penetration model for wind energy technology forecasting

International Nuclear Information System (INIS)

Lund, P.D.

1995-01-01

An improved market penetration model with application to wind energy forecasting is presented. In the model, a technology diffusion model and manufacturing learning curve are combined. Based on a 85% progress ratio that was found for European wind manufactures and on wind market statistics, an additional wind power capacity of ca 4 GW is needed in Europe to reach a 30 % price reduction. A full breakthrough to low-cost utility bulk power markets could be achieved at a 24 GW level. (author)

An improved market penetration model for wind energy technology forecasting

Energy Technology Data Exchange (ETDEWEB)

Lund, P D [Helsinki Univ. of Technology, Espoo (Finland). Advanced Energy Systems

1996-12-31

An improved market penetration model with application to wind energy forecasting is presented. In the model, a technology diffusion model and manufacturing learning curve are combined. Based on a 85% progress ratio that was found for European wind manufactures and on wind market statistics, an additional wind power capacity of ca 4 GW is needed in Europe to reach a 30 % price reduction. A full breakthrough to low-cost utility bulk power markets could be achieved at a 24 GW level. (author)

An improved market penetration model for wind energy technology forecasting

Energy Technology Data Exchange (ETDEWEB)

Lund, P.D. [Helsinki Univ. of Technology, Espoo (Finland). Advanced Energy Systems

1995-12-31

An improved market penetration model with application to wind energy forecasting is presented. In the model, a technology diffusion model and manufacturing learning curve are combined. Based on a 85% progress ratio that was found for European wind manufactures and on wind market statistics, an additional wind power capacity of ca 4 GW is needed in Europe to reach a 30 % price reduction. A full breakthrough to low-cost utility bulk power markets could be achieved at a 24 GW level. (author)

The impact of intermittent sources of energy on the market price of electricity

International Nuclear Information System (INIS)

Adigbli, Patrick; Mahuet, Audrey

2013-01-01

Parallel to liberalization of the electricity market, these past twenty years have been marked by a strong expansion of renewable energy in Europe. The increasing share of renewables in the energy mix - with a goal set by the European Commission at 20% by 2020 - has an impact on market prices. In the short run, subsidized intermittent energy may lead to lower prices or even to negative prices during certain periods of the year

Dutch energy policies from a European perspective. Major developments in 2003

International Nuclear Information System (INIS)

Van Arkel, W.; Bruijn, A.; Kets, A.; De Lange, T.; Schaeffer, G.J.; Scheepers, M.; Sijm, J.; Uyterlinde, M.; Van Werven, M.

2004-04-01

ECN is not only active in technological research and development; it also plays a major role in policy research and development. Since national energy policy is increasingly influenced by developments at the European level and vice versa, ECN is shifting its attention from a national to a European focus. More and more, national energy and environmental policies are implemented within the framework of EU (European Union) directives, while reversibly the success of European policies is dependent on harmonised national actions in a liberalised European energy market. To demonstrate this shifting research orientation towards a European position ECN decided to highlight four major national topics that dominated policy discussions in the Netherlands during 2003 in this special publication. The first topic concerns changes in national renewable energy policy. Earlier policies had led to a dramatic increase in imports of renewable electricity with major fiscal consequences and it was decided to redress the balance towards stimulating domestic investment in renewable energy capacity. In the summer of 2003 extreme weather events led to an electricity supply crisis providing a short-term argument to look into the policy options for preventing shortages. The opportunities and limitations of demand side response to electricity supply shortages is the second topic addressed. Regarding climate change policies the most notable development undoubtedly concerns the impending implementation of a greenhouse gas emissions trading scheme. The focus in this chapter is on the interaction between the EU directive on emissions trading and the Dutch approach. As a relatively small country the Netherlands has always found it difficult to make appropriate energy research and development choices. During 2003 new directions in RD and D policies were determined. Apart from the optimal choice of nationally relevant research priorities, an additional vexing problem concerns the relative amounts of

Natural gas industry in European Community and european single market

International Nuclear Information System (INIS)

Cadoret, I.

1992-01-01

Common Market of natural gas is dominated by some companies. In several Member Countries, one company only manages the whole industry. European Economic Community thinks this type of structure induce hindrances to free circulation of natural gas in Europe. 10 refs

estec2007 - 3rd European solar thermal energy conference. Proceedings

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-12-14

The sessions of the 'estec2007 - 3{sup rd} European Solar Thermal Energy Conference held in Freiburg, Germany have the following titles: The solar thermal sector at a turning point; Cooling and Process Heat, Country reports Europe; Standards and Certification; Country reports outside Europe; Awareness raising and marketing; Domestic hot water and space heating; Domestic hot water and space heating; Quality Assurance and Solar Thermal Energy Service Companies; Collectors and other key technical issues; Policy - Financial incentives; Country Reports; Marketing and Awareness Raising; Quality Assurance Measures/Monistoring; Standards and Certification; Collectors; Domestic Hot Water and Space Heating; Industrial Process Heat; Storage; Solar Cooling. (AKF)

estec2007 - 3rd European solar thermal energy conference. Proceedings

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-12-14

The sessions of the 'estec2007 - 3{sup rd} European Solar Thermal Energy Conference held in Freiburg, Germany have the following titles: The solar thermal sector at a turning point; Cooling and Process Heat, Country reports Europe; Standards and Certification; Country reports outside Europe; Awareness raising and marketing; Domestic hot water and space heating; Domestic hot water and space heating; Quality Assurance and Solar Thermal Energy Service Companies; Collectors and other key technical issues; Policy - Financial incentives; Country Reports; Marketing and Awareness Raising; Quality Assurance Measures/Monistoring; Standards and Certification; Collectors; Domestic Hot Water and Space Heating; Industrial Process Heat; Storage; Solar Cooling. (AKF)

A plausible congestion management scheme for the internal electricity market of the European Union

International Nuclear Information System (INIS)

Perez-Arriaga, I.J.; Olmos, L.

2005-01-01

This paper proposes a scheme for the management of network congestion in the Internal Electricity Market (IEM) of the European Union. This scheme tries to combine the rigor in the treatment of the energy and transmission capacity transactions with the flexibility and pragmatism that are necessary to make the scheme compatible with the current diversity of regulatory approaches and market structures in the Member States participating in the IEM. First, a reference scheme is presented with a complete formulation that jointly deals with the energy and capacity markets. Because of the implementation difficulties of this conceptually ideal approach, a more pragmatic scheme is proposed instead. The core of this scheme is an explicit auction mechanism that must be run prior to any short-term (daily, typically) energy markets. In this auction, where only transmission capacity is traded, both bilateral contracts and energy bids to Power Exchanges can participate in order to acquire the capacity that is necessary to carry out their transactions. Some technical issues related to the practical implementation of the proposed approach are also examined; these include market liquidity, the financial or physical nature of the long-term contracts, the potential problems of 'slicing' transmission capacity and the allocation of congestion rents. Market power issues are ignored. (author)

A plausible congestion management scheme for the internal electricity market of the European Union

Energy Technology Data Exchange (ETDEWEB)

Perez-Arriaga, I.J.; Olmos, L. [Universidad Pontificia Comillas, Madrid (Spain). Instituto de Investigacion Tecnologica

2005-06-01

This paper proposes a scheme for the management of network congestion in the Internal Electricity Market (IEM) of the European Union. This scheme tries to combine the rigor in the treatment of the energy and transmission capacity transactions with the flexibility and pragmatism that are necessary to make the scheme compatible with the current diversity of regulatory approaches and market structures in the Member States participating in the IEM. First, a reference scheme is presented with a complete formulation that jointly deals with the energy and capacity markets. Because of the implementation difficulties of this conceptually ideal approach, a more pragmatic scheme is proposed instead. The core of this scheme is an explicit auction mechanism that must be run prior to any short-term (daily, typically) energy markets. In this auction, where only transmission capacity is traded, both bilateral contracts and energy bids to Power Exchanges can participate in order to acquire the capacity that is necessary to carry out their transactions. Some technical issues related to the practical implementation of the proposed approach are also examined; these include market liquidity, the financial or physical nature of the long-term contracts, the potential problems of 'slicing' transmission capacity and the allocation of congestion rents. Market power issues are ignored. (author)

Marketing approaches at European level – The case of Southern-European countries

Directory of Open Access Journals (Sweden)

Bianca TESCAŞIU

2016-07-01

Full Text Available The specialization of Marketing refers not only on specific focus on some domains, but, also, to its adaptation on regional issues. During the globalization process, marketers adapted their activity to new trends, such as: standardization, integrated distribution, production transfer, comparative advantage, etc. The common aspects of some regional markets determined the marketers to approach differently some homogeneous regions in the World economy. In this sense, the article intends to establish the main differences and the common aspects of a very important area in the European economy – The South East of Europe.

From the ecological niche to the mass market with 'Green Power Marketing' - 1st European Conference on Green Power Marketing 2001

International Nuclear Information System (INIS)

2001-01-01

This report summarises the information presented at the European Conference on Green Power Marketing held in 2001 in St. Moritz, Switzerland. It takes a look at the market chances of ecologically produced electricity for use in Switzerland and for export. The opinions of experts from the areas of research, business, politics, marketing and non-governmental organisations that were presented at the meeting are summarised. European perspectives and trends in the USA are discussed and examples of green power marketing in the USA and Holland are given. Marketing issues and price policies are discussed, as are labelling strategies and customer perception of 'Green Power' issues. Also, sales issues including e-marketing, power-market rules and certificate trading are dealt with

Norwegian gas supplies for the European market

International Nuclear Information System (INIS)

Hansen, B.L.

1994-01-01

The conference paper deals with the Norwegian key role in the European gas market with increasing market shares. The supply capacity in a long-term perspective can be 65-70 bcm/year or more if export prices support the development of new and more costly gas resources. The main challenges for the Norwegian shelf are discussed. 5 figs

Towards a Pan-European energy balancing market : exercise on coupling the United Kingdom and continental Europe

NARCIS (Netherlands)

Escudero Concha, C.; Haan, de J.E.S.; Virag, A.; Gibescu, M.; Kling, W.L.

2014-01-01

Increasing levels of wind power generation in the coming years will displace conventional generation, impacting the need for balancing reserves. The upcoming integration of pan-European balancing markets seeks to increase collaboration between areas for optimal provision of services. The challenge

The renewable energy development framework - II. The foundations of renewable energy development: Economic foundations of renewable energies; International foundations of renewable energies; European foundations of renewable energy development; Foundations of renewable energy development in internal law

International Nuclear Information System (INIS)

Combes Motel, Pascale; Thebaut, Matthieu; Loic Grard; Michallet, Isabelle

2012-01-01

A first article analysis the reasons for the development of renewable energies (economic and environmental reasons, European commitments in terms of production objectives), how these renewable energies can be developed (acceptation by the population, administrative, technological, and financial constraints, political instruments related to market, taxes and purchase prices). A second article proposes a discussion about the way international law deals with renewable energies as far as texts as well as actors are concerned. The third article describes the European ambitions regarding renewable energies as a product of national perspectives (national action plans and projects) as well as of European perspectives (financing, integrated actions). The last article presents and comments various legal texts dealing with the development of renewable energies in France (texts concerning the right to energy, the environment law, planning tools, incentive measures)

Energy at what price? Energy markets

International Nuclear Information System (INIS)

Favennec, J.P.; Amic, E.; Darmois, G.

2006-01-01

In 2005, the whole world had to stand a real energy shock due to the rise of oil, gas and electricity prices. The perspective of a possible shortage, even at the prospect of several decades, has led to a deep change of the world energy market. In this context, this book supplies a clear and didactical presentation of the mechanisms of petroleum, gas and electricity markets, with their advantages and limitations. At the time of a globalization of economy, the book analyzes the consequences of markets deregulation on the energy prices and tries to answer several main questions: why such a price volatility? Who will take the risk of investing now? Will the energy actors of the present day concentration be in a dominating position? Content: 1 - energy, markets and energy markets; 2 - crude oil and petroleum product markets; 3 - gas markets; 4 - electric power markets; 5 - perspectives. Glossary. Index. (J.S.)

European Energy Charter. ; Status of basic agreement negotiation. Oshu energy kensho; Kihon kyotei kosho no jokyo

Energy Technology Data Exchange (ETDEWEB)

Ijuin, T. (Agency of Natural Resources and Energy, Tokyo (Japan))

1993-02-10

From its title, the European Energy Charter has tended to lead to a misunderstanding that it is an European framework. However, a first expanded European Energy Charter meeting was held where the charter was established as an international framework. An article in the Charter calls for continuing a discussion on a basic agreement to be used as an international treaty and protocols by areas. The Charter text itself that has no legal binding power has been agreed by more than 40 charter participating nations based on the draft prepared by EC. However, no consensus has been reached on the negotiation for the basic agreement that has a legal binding power and the protocols in several important points. The basic agreement is a multi-national treaty specifying basic rules important in leading the former Soviet Union and East European nations to market economy and promoting energy development utilizing the investments from private sectors in the West. This paper describes the investment liberalization and investor protection, consistency with GATT, and its influence to the energy industries when Japan has joined the charter as a member nation.

European Gas Market Liberalisation. Competition versus security of supply?

International Nuclear Information System (INIS)

Haase, N.

2009-01-01

The problem statement encompasses two basic questions: (1) Which variables determine regulatory regimes and economic performance in European gas markets?; and (2) Can we empirically determine the effect of regulation-for-competition, as applied in the European Union, on the economic performance in the European gas markets? In the first part (chapters 1-5), the theoretical groundwork is laid out and conceptual clarifications are provided. In chapter 2, the main concepts such as governance and regulation, and their interrelations, are determined and the public regulation approach to be followed is outlined. The third chapter discusses our theoretical framework and the support required from other New Institutional approaches to deduce expectations regarding the convergence of regulatory regimes and its effect on economic performance. The fourth chapter contributes to answering our first research question by displaying the relevant variables and outlining how these can be operationalised. Based on the concepts of regulatory comprehensiveness and policy convergence, in chapter 5, a methodology is developed to measure best-practice in terms of regulation-for-competition. The second part (chapters 6-9) covers the first empirical analysis which is quantitative in design and emphasises effects originating at the Community level. Chapter 6 summarises the evolution of European gas policy at the Community level and searches for major changes in general or energy policy objectives and examines their prioritisation. Chapter 7 addresses the formal institutions on the second layer of the fourlayer model. Chapter 8 analyses converging and diverging trends within regulatory regimes in European gas markets. Chapter 9 sets out to assess the extent to which regulation-for-competition, as prescribed by the European provisions, can be empirically studied for its effect on economic performance in the European gas sector. To answer our second main research question, we discuss the effects

Innovation in the European energy sector and regulatory responses to it : Guest editorial note

NARCIS (Netherlands)

Hoppe, Thomas; Butenko, Anna; Heldeweg, Michiel

2018-01-01

The European energy sector is an important economic sector that is also traditionally highly regulated. With the increasing tempo in which innovations in technology and markets occur, catalysed inter alia by the energy transition and accompanied by new formats of innovation (disruptive and

The European Union climate and energy package. Assessment and perspectives for 2030

International Nuclear Information System (INIS)

Gautier, Celia; Loiseaux, Damien

2014-03-01

After having presented the three pillars of the climate and energy package of the European Union, this publication recalls the genesis of its adoption and its components in the 2009 package (directives on the European carbon market, on renewable energies, on CO 2 capture and storage). It indicates and comments the objectives of the package by 2020 (reduction of emissions, share of renewable energies, reduction of energy consumption, share of renewable energies in transports). It proposes an assessment of the 2009 climate and energy package in terms of objectives, presents a status of the package implementation (notably in France and in Germany), outlines its benefits (for the European society and economy, impacts at the world level, fragile development of renewable energies), and drawbacks (insufficient objective, ETS dysfunction, impact of the economic crisis, lack of integration of package policies and energy and tax policies, limitations of directives on products and sub-sectors, imported emissions as the undetected stowaway). It reports the recommendations of the Action Climat network to strengthen the action on climate before 2020 and for the package by 2030

Green energy market development in Germany: effective public policy and emerging customer demand

International Nuclear Information System (INIS)

Wuestenhagen, Rolf; Bilharz, Michael

2006-01-01

This paper reviews the development of renewable energy in Germany from 1973 to 2003. It investigates the relative importance of energy policy and green power marketing in shaping the renewable energy market. More than a decade of consistent policy support for renewables under the feed-in law (StrEG) and its successor (EEG) has been an important driver for increasing renewable electricity generation to date, putting the country in a better position than most of its peers when it comes to achieving European Union targets for renewable energy. Green power marketing driven by customer demand, on the other hand, is growing, but has had limited measurable impact so far. We discuss potential intangible benefits of green power marketing and scenarios for future market development. The paper concludes with lessons that can be learned from the German case for policy design and market development in other countries

Tendances Carbone no. 81 'The EU ETS as bellwether of a flawed European Internal Energy Market'

International Nuclear Information System (INIS)

Bressand, Albert

2013-01-01

Among the publications of CDC Climat Research, 'Tendances Carbone' bulletin specifically studies the developments of the European market for CO 2 allowances. This issue addresses the following points: - The EU ETS verified emissions: 1,950 MtCO 2 in 2012, i.e. a 2% fall compared with 2011 and a 13.5% fall compared with 2008. Phase 2 compliance: an excess amount of 1,425 Mt including the use of 1,059 million international credits. - Back-loading: the European Parliament's ENVI Commission will vote again on 19 June. - Competitiveness: the European Commission is launching a consultation process regarding a review of the list of sectors exposed to carbon leakage for the period between 2015 and 2019

Flight to Safety from European Stock Markets

DEFF Research Database (Denmark)

Aslanidis, Nektarios; Christiansen, Charlotte

-return trade-off is positive and during flight-to-safety episodes it is negative. The effects of flight-to-safety episodes on the risk-return trade-off are qualitatively similar for own country flight-to-safety episodes, for flight from own country stock market to the US bond market, and for US flight......This paper investigates flight-to-safety from stocks to bonds in seven European markets. We use quantile regressions to identify flight-to-safety episodes. The simple risk-return trade-off on the stock markets is negative which is caused by flight-to-safety episodes: During normal periods, the risk...

Efficient Market Hypothesis: Some Evidences from Emerging European Forex Markets

OpenAIRE

Anoop S Kumar; Bandi Kamaiah

2014-01-01

This study attempts to analyze the presence of weak form efficiency in the forex markets of a set of select European emerging markets namely Bulgaria, Croatia, Czech Republic, Hungary Poland, Romania, Russia, Slovakia and Slovenia using the monthly NEER data ranging from jan-1994 to Dec-2013. We employ a two step comprehensive methodology where in the first place we test for weak form efficiency using a family of individual and joint variance ratio tests. The results show that while the marke...

A game theoretic model of the Northwestern European electricity market-market power and the environment

International Nuclear Information System (INIS)

Lise, Wietze; Linderhof, Vincent; Kuik, Onno; Kemfert, Claudia; Ostling, Robert; Heinzow, Thomas

2006-01-01

This paper develops a static computational game theoretic model. Illustrative results for the liberalising European electricity market are given to demonstrate the type of economic and environmental results that can be generated with the model. The model is empirically calibrated to eight Northwestern European countries, namely Belgium, Denmark, Finland, France, Germany, The Netherlands, Norway, and Sweden. Different market structures are compared, depending on the ability of firms to exercise market power, ranging from perfect competition without market power to strategic competition where large firms exercise market power. In addition, a market power reduction policy is studied where the near-monopolies in France and Belgium are demerged into smaller firms. To analyse environmental impacts, a fixed greenhouse gas emission reduction target is introduced under different market structures. The results indicate that the effects of liberalisation depend on the resulting market structure, but that a reduction in market power of large producers may be beneficial for both the consumer (i.e. lower prices) and the environment (i.e. lower greenhouse gas permit price and lower acidifying and smog emissions)

European airlines enter the biofuels market. Business Project Report

Energy Technology Data Exchange (ETDEWEB)

Van den Heuvel, E.

2011-06-15

Biofuels might offer opportunities for achieving improved balance of power to the European airlines in their market environment. The aviation sector in Europe is a high competitive market. It faces high rivalry and increasing fuel costs due to rising oil prices. Moreover, from 2012 the sector will be subject to stringent rules with respect to maximum allowed carbon emissions. Investigating the competitive forces in the aviation sector and executing a strategic group analysis maps the competitors and the major players in the supply chain and the options they have for using alternative fuels for low carbon performance. Both the market and non-market strategies of several European airlines have been studied. It appears that airlines are aiming at first mover advantage by moving upstream in the biofuel value chain. They search for collaboration with other stakeholders to change government regulation to their benefit and influence public opinion and research agendas. Airlines are late entrants in the biofuels market. This research has shown that biofuels can improve the market power balance for European airlines. Biofuels are key to improve the carbon performance of airlines. However, this implies that airlines take position at the resource side of the value chain for biojetfuels. This has the advantage of controlling the security of supply and managing biofuels production complying to ruling sustainability criteria.

European Market Portfolio Diversification Strategies across the GFC

NARCIS (Netherlands)

D.E. Allen (David); M.J. McAleer (Michael); R.J. Powell (Robert); A.K. Singh (Abhay)

2014-01-01

markdownabstract__Abstract__ is paper features an analysis of the effectiveness of a range of portfolio diversification strategies as applied to a set of daily arithmetically compounded returns on a set of ten market indices representing the major European markets for a nine year period from the

Proceedings of the Eighth Forum: Croatian Energy Day Energy markets and energy efficiency in transition economy countries'

International Nuclear Information System (INIS)

1999-01-01

Energy efficiency is the sum total of various influential factors resulting from the technical, technological, economic, financial, legislative and organisational conditions that exist in each of the transition countries. It is not possible to achieve an efficient usage of energy as in the Western European countries unless the total efficiency of managing all other resources equals the same level. Therefore, in the preceding period only the most successful companies managed to take considerable steps as regards the enhancement of energy efficiency, i.e. companies present at the European market and equalling the criteria of the their competitors. The problem of energy efficiency can be explained with the help pf a number of factors influencing decision making of a company's management or a citizen. Those factors create a framework of events, i.w. an appropriate or an inappropriate atmosphere for the implementation of the measures to increase energy efficiency. Attitudes for and against certain activities develop in an atmosphere according to which individuals have to make decisions. Non-economic prices, non-existence of tariff systems or systems with socially influenced prices or tariffs, have a demotivating effect on all the activities in the field of energy efficiency. The existing legislation of the transition countries often enough neglects the problem of energy management, relating to either building planning and construction, or network systems, renewable sources or consumption standards at the market. The financial situation is also an important element when dealing with energy efficiency projects; high interest rates and major problems with the insurance of necessary financial funds impede their realisation. The support of expert and consulting institutions is a precondition for a successful choice of measures, and the educational system should take over its extremely important role at each of the education levels. Energy efficiency programmes cannot be

Innovation in the European energy sector and regulatory responses to it : Guest editorial note

NARCIS (Netherlands)

Hoppe, T.; Butenko, Anna; Heldeweg, Michiel

2018-01-01

The European energy sector is an important economic sector that is also traditionally highly regulated. With the increasing tempo in which innovations in technology and markets occur, catalysed inter alia by the energy transition and accompanied by new formats of innovation (disruptive and

Changing patterns of competition in European gas markets

International Nuclear Information System (INIS)

Heren, P.

1996-01-01

Despite a period of statism in the European natural gas market, the author argues that economic, political and regulatory pressures are approaching which will force dramatic change in the market, and identifies factors relating to pipeline capacity, competition, prices and market changes and fuel use which will drive the changes. A historical perspective is used as a framework to explain the inevitability of these changes. (UK)

Renewable electricity market developments in the European Union. Final Report of the ADMIRE REBUS project

International Nuclear Information System (INIS)

Uyterlinde, M.A.; Daniels, B.W.; De Noord, M.; De Vries, H.J.; De Zoeten - Dartenset, C.; Skytte, K.; Meibom, P.; Lescot, D.; Hoffmann, T.; Stronzik, M.; Gual, M.; Del Rio, P.; Hernandez, F.

2003-10-01

Which countries offer the best markets for renewables? Are present support policies sufficient to meet the EU (European Union) renewables target for 2010? Which renewable technologies will have the largest growth in the present decade? The ADMIRE REBUS project has addressed these questions by giving an outlook on the future of electricity from renewable energy sources. The ADMIRE REBUS project team has analysed the market barriers, support policies and potentials for renewable electricity production in Europe. For these analyses a new tool was developed that simulates the development of the European renewable electricity market under different policy scenarios. The report starts with describing the approach and key assumptions used in the analysis. Next, an overview is provided of EU legislation and different support policies for renewable energy. After a brief overview of the different challenges that an investor faces when investing in renewable energy technologies with respect to lead times, risks and transaction costs, several policy scenarios for the future are discussed. Next, the report presents ADMIRE REBUS model analyses of different policy strategies for meeting the targets stated in the EU Renewables Directive. The report continues the analysis of model results with presenting prospects for individual technologies and market prices under different scenarios. Next, case studies are presented for four different EU Member States. The analysis results are put into perspective by a sensitivity analysis. Finally, conclusions are drawn and recommendations are formulated based on the above

[European integration and health policies: repercussions of the internal European Market on access to health services].

Science.gov (United States)

Guimarães, Luisa; Giovanella, Lígia

2006-09-01

This article explores the health policy repercussions of countries' regional integration into the European Union. The aim is to review the regulation of access in other countries, with the conclusion of the single European market and the free circulation of persons, services, goods, and capital. The article begins by reviewing the various forms of integration and describes the expansion and institutionalization of Community agencies. The repercussions of European integration on health policies and regulation of access are analyzed. Market impacts on health result from Treaty directives and internal policy adjustments to free circulation. Health services access is gradually regulated and granted by rulings. Projects along borders illustrate the dynamics where differences are used to achieve comprehensive care. In the oldest integration experience, the market regulation has generated intentional and non-intentional impacts on the health policies of member states, regardless of the organizational model. Knowledge and analysis of this experience signals challenges for the Southern Cone Common Market (Mercosur) and adds to future debates and decisions.

The French market of solutions for active energy efficiency. Energy, central home automation systems, consumption monitoring software, distributed load shedding, energy performance contract... which tools will stand out?

International Nuclear Information System (INIS)

2012-12-01

This article presents the content of a market study which aimed at proposing an overview of solutions for energy efficiency and at assessing their impact on energy consumption, at identifying the growth dynamics of three market segments (assisted efficiency, automated efficiency and contract-based efficiency), at comparing the posture and strategies of the different actors present on this market (energy providers, equipment manufacturers, pure players, NTIC...), at identifying actors who are in the best position to benefit market development, and at imagining tomorrow's supply for energy efficiency. The report addresses the definition of active energy efficiency, the rationale of its development, the European regulatory and legal context, the strengthening of regulatory and environmental constraints in France, the three different market segments (examples, opportunities), and the competition context

Developments on the European energy market. Part 1. Natural gas supply. Extra import covers growing natural gas demand in Europe

International Nuclear Information System (INIS)

Van Gelder, J.W.

2000-01-01

This first part of a series on developments in the European gas market features the growth in gas supply. 35% of the gas demand must be covered from sources outside Europe. For the future additional imports are required from countries such as the Russian Federation, Algeria and Nigeria. Over the next few years the artificial link between ga and oil prices will disappear, bringing the gas price to a structurally lower level. It will be of crucial importance that gas suppliers will not be able to form cartels to keep prices high. All competing projects will curb price increases on the European market, but will definitely result in more freedom of choice for European natural gas consumers

The bumpy road of liberalisation of the Dutch Energy Market. Expectations versus the hardships of reality

International Nuclear Information System (INIS)

Mik, M.R.

2006-07-01

In June 2006 a study was finalized on the Liberalisation of the Dutch Energy Market. The European Commission decided to liberalise the European energy industry, the Netherlands taking the lead. The Dutch electricity and natural gas industries fell prey to a bumpy road of liberalization; initial expectations have proven to be overly optimistic

Impact of European and Dutch policy on the market introduction of bio-energy in the Netherlands. Report of the workshop at Novem, Utrecht, Netherlands, 21 September 2000

International Nuclear Information System (INIS)

2001-04-01

The report comprises copies of overhead sheets of some of the lectures that were held at the workshop. The subjects of those presentations are: Targets for bio-energy in a financial perspective; Developments in the Dutch renewable energy policy (text and sheets not in this report); Similarities and differences in the Dutch waste policy; Differences in policy for bio-energy in the Netherlands and the European Union; Emission regulations for the combustion of wastes and biomass; Impact of policy on the market introduction of bio-energy in the Netherlands

EdF competing in the European electricity market. Interview with Francois Ailleret, Electricite de France, Paris

International Nuclear Information System (INIS)

Anon.

1996-01-01

The French nuclear power program was pushed through in order to reduce the country's dependence on imported fossil sources of energy. Nuclear power and hydro power have achieved a level of self-sufficiency in the energy sector of more than 50%. It should be emphasized that the French nuclear power program was largely self-financed. Electricite de France (EdF) considers itself well prepared for the European market, provided the creation of the single market implies that electricity rates are taken as a yardstick of competitiveness. Negotiations about a European directive on deregulating the electricity market were for the government to hold. EdF pleaded in favor of preserving for each country a certain leeway for shaping its own policy. The road to deregulation was to be opened, but the specific situation of each country was to be taken electricity to be passed through imposes narrow constraints upon an expansion of exchanges of electricity, and public acceptance is not very likely to be achieved for the construction of new international high voltage transmission lines. (orig.) [de

The European single market of energy faced with conventional supply safety concepts

International Nuclear Information System (INIS)

Belyi, A.

2004-01-01

By analysing the context of the creation of the Single Energy Market, this article tries to understand the logic behind the coexistence of two energy safety concepts: (1) the financial gains of international trading; (2) the protection against supply shortage risks using domestic self-sufficiency policies. Both concepts are based on an informative context conditioned by the two crises, which mainly impact the security perceptions of today: the oil crisis in the seventies and the Californian crisis in 2001. They are based on opposite factors: anti-market behaviour in the first case and excessive competition in the second case. The nature of liberalization, of the relation-ship with non-EU producing countries and the perception of the dangers are inherent to such an informative context. (author)

What energy policy for the European Union?

International Nuclear Information System (INIS)

2007-01-01

The energy question is becoming ever more important. Proper management of energy resources is a strategic challenge that will determine our economic development and even the preservation of our way of life. Looking further into the future, failure to grasp energy-related problems could be seriously prejudicial to the future of our planet (global warming). Because of the rise in prices of fossil fuels resulting from the gradual exhaustion of resources and the political instability reigning in the principal production zones, the disputes over gas between Russia and certain former Soviet republics, massive electricity blackouts, etc, public opinion is now particularly sensitive to these new threats and is looking to decision-makers, at both national and European level, to draw up policies capable of responding to these concerns. Over the past two years, European institutions have in fact taken an increasing number of initiatives in the energy field. This work has, in particular, identified the following three major objectives: - combating global warming, which implies the definition of an energy mix compatible with environmental constraints (reduction in emissions of greenhouse gases), - ensuring security of supply, an ever-growing concern, given the growing dependency of EU Member States on imports of energy, and - safeguarding the competitiveness of the European economy. Despite this work, the only tangible achievement in the energy field in Europe, and one that is still incomplete, concerns the liberalisation of the gas and electricity markets. Apart from the fact that this policy is sometimes badly perceived by European populations, being regarded as responsible for the current rise in prices, Europe cannot be satisfied with tackling just this aspect of affairs. In this respect, energy provides an opportunity to re-launch the construction of Europe both internally (drawing up of a joint agreement regarding energy options, R and D programmes, energy saving, etc

Multiple Hub Network Choice in the Liberalized European Market

Science.gov (United States)

Berechman, Joseph; deWit, Jaap

1997-01-01

A key question that so far has received relatively little attention in the germane literature is that of the changes at various airports as a result of the EU liberalization policies. That is, presently, most major European airports still benefit from the so-called home-carrier phenomenon where the country's publicly or semi-publicly owned carrier uses the country's main airport as its gateway hub and, consequently, the home-carrier is also the principal user of this airport (in terms of proportion of total aircraft movements, number of passengers transported, connections, slots ownership, etc.). The country's main airport has substantially benefited from these monopoly conditions of airline captivity, strongly determined by the bilateral system of international air transport regulation. Therefore, European major airports were used to operate in essentially different markets, compared to the increasingly competitive markets of their home based carriers. This partly explains relative stability of transport volumes and financial results of European major airports compared to the relatively volatile financial results of most European national airlines. However, the liberalization of European aviation is likely to change this situation. Market access is open now to all community carriers, i.e. carriers with majority ownership and effective control in the hands of EU citizens. Ticket prices are free, governments can only intervene in case of dumping or excessive pricing. A community airline can choose its seat in any of the 15 member states. Licensing procedures are harmonized between member states. In the last few months community carriers have had unrestricted route access within the EU. Most probably this development will be extended to countries inside and outside Europe. Last year the European Commission got the mandate to start negotiations with 10 other European countries. In the meantime the EC has also started negotiations with the USA on so-called soft rights

Energy policy responses to the climate change challenge: The consistency of European CHP, renewables and energy efficiency policies

Energy Technology Data Exchange (ETDEWEB)

Grohnheit, P.E.

1999-09-01

This report is Volume 14 of individual reports of the Shared Analysis Project prepared for the European Commission, Directorate General for Energy. The three major objectives of the project were: to design a common framework of energy analysis that aimed to involve all Member States and the experts of industrial research groups (the shared approach to energy analysis); To analyse generic EU-wide issues important for energy policy and for future energy demand and production, putting particular emphasis on world energy market trends, strategic energy policy responses to the Kyoto process, and evaluation of response strategies to increasing energy import dependence and to climate change activities; to carry out quantitative analyses of energy trends and scenarios as an input for discussion. The present volume considers three main issues concerning energy policy responses to the climate change challenge: the penetration of CHP and renewables according to official objectives, focusing on infrastructure and institutions rather than technology; the consistency of promotion of CHP, renewables and energy savings at the same time; consumers' choices and priorities in a liberalised market. The volume describes examples of policies in several Member States for these technologies with emphasis on CHP for both large-scale and small-scale district heating systems. The penetration of CHP technologies is analysed quantitatively using a traditional optimisation model approach for stylised regions with heat markets suitable for CHP and facing a competitive European market for electricity. The Joint Final Report of the project, titled 'Economic Foundations for Energy Policy' is published as a Special Issue of Energy in Europe, December 1999. All reports are available on the Internet, www.shared-analysis.fhg.de/ The project started in January 1998, involving about 100 months of scientific labour. The project consortium consisted of nine member institutes co-ordinated by

European Globalisation Adjustment Fund-Assistance in the Labour Market

Directory of Open Access Journals (Sweden)

Ramona Mariana CALINICA

2016-12-01

Full Text Available The intensification of globalization and through intense manifestation of the effects on recent economic and financial crisis, employment market has been affected, and at European Union level was considered increasingly necessary granting support for counter of the negative effects of the two phenomena on this market. European Globalisation Adjustment Fund is designed for a rapid reintegration of fired workers and increase of the employment potential of the workforce, after mass dismissals linked to the two phenomena mentioned above.

The Integration Role of European Defense Procurement in Achieving a More Competitive and Stronger European Defense Equipment Market

Science.gov (United States)

2015-06-01

and systems, even monopolistic ) essence of the supply side of the defense market . There are only a few suppliers that can meet today’s complex...DEFENSE PROCUREMENT IN ACHIEVING A MORE COMPETITIVE AND STRONGER EUROPEAN DEFENSE EQUIPMENT MARKET by Kiril O. Angelov June 2015 Thesis Advisor...COMPETITIVE AND STRONGER EUROPEAN DEFENSE EQUIPMENT MARKET 5. FUNDING NUMBERS 6. AUTHOR(S) Kiril O. Angelov 7. PERFORMING ORGANIZATION NAME(S) AND

What will become of the european nuclear power plant market

International Nuclear Information System (INIS)

Goulden, O.A.

1976-01-01

In a forecast of the development of the future market for power plants and components in Europe a British consultant comes to the conclusion that the nuclear power programs established in various countries in 1974 are oversized in the light of the reduction in the increment of electricity consumption, which is expected to continue, if they are implemented in addition to existing and planned conventional thermal power stations, and that these programs are too costly if they are intended more or less only to substitute for other sources of energy. A streamlining process, which is deemed to be inescapable, is bound to result in a major cutback of the nuclear power station market in Europe and in a hard fight for survival among the power plant manufacturers now in the market. In the author's opinion, the only way out would be a uniform European electricity generation, transmission and distribution system with all the rationalization effects this would entail. (orig.) [de

Waste to energy plant operation under the influence of market and legislation conditioned changes

DEFF Research Database (Denmark)

Tomic, Tihomir; Dominkovic, Dominik Franjo; Pfeifer, Antun

2017-01-01

, waste-to-energy plants need to be adapted to market operation. This influence is tracked by the gate-fee volatility. The operation of the waste-to-energy plant on electricity markets is simulated by using EnergyPLAN and heat market is simulated in Matlab, based on hourly marginal costs. The results have......In this paper, gate-fee changes of the waste-to-energy plants are investigated in the conditions set by European Union legislation and by the introduction of the new heat market. Waste management and sustainable energy supply are core issues of sustainable development of regions, especially urban...... areas. These two energy flows logically come together in the combined heat and power facility by waste incineration. However, the implementation of new legislation influences quantity and quality of municipal waste and operation of waste-to-energy systems. Once the legislation requirements are met...

The European gen-set market: growth and consolidation mean joy and pain

International Nuclear Information System (INIS)

French, Ian

2000-01-01

The changes in the European gen-set market are discussed. In recent years the market has undergone a period of increasing consolidation: prices fell and some companies folded. However, the market is not dead and continued growth is expected over the next five years although the compound rate is forecast to be only 1.5%. The article is presented under the sub-headings of (i) current market situation; (ii) product lifecycle; (iii) shipments by technology; (iv) market deregulation; (v) technology overview (spark ignition, compression ignition and gas turbines) (vi) European market: national overview and (vii) key market challenges (competition, emissions and over capacity)

Efficient Market Hypothesis: Some Evidences from Emerging European Forex Markets

Directory of Open Access Journals (Sweden)

Anoop S Kumar

2014-06-01

Full Text Available This study attempts to analyze the presence of weak form efficiency in the forex markets of a set of select European emerging markets namely Bulgaria, Croatia, Czech Republic, Hungary Poland, Romania, Russia, Slovakia and Slovenia using the monthly NEER data ranging from jan-1994 to Dec-2013. We employ a two step comprehensive methodology where in the first place we test for weak form efficiency using a family of individual and joint variance ratio tests. The results show that while the markets of Croatia, Czech Republic and Bulgaria may be weak form efficient at a shorter lag, the other six markets are not informationally efficient. In the next stage, we estimate a measure of relative efficiency to show the extent to which a market is weak-form inefficient. From the results, it is found that the forex markets of Croatia, Czech Republic and Bulgaria are least weak form inefficient compared to others. The findings of the study are of relevance as it shows that even after roughly two decades of free market economic policies, majority of the forex markets in the area remains informationally inefficient.

On The Economics of Energy Labels in the Housing Market

Energy Technology Data Exchange (ETDEWEB)

Brounen, D. [Erasmus University, Rotterdam (Netherlands); Kok, N. [Maastricht University, Maastricht (Netherlands)

2010-08-15

The residential housing market can play an important role in the reduction of global carbon emissions. This paper reports the first evidence on the market adoption and economic implications of energy performance certificates implemented by the European Union. The results show that adoption rates are low and declining over time, coinciding with negative sentiment regarding the label in the popular media. Labels are clustered among smaller, post-war homes in neighborhoods with more difficult selling conditions. We also document that the adoption rates of energy labels have a positive relation to the number of 'green' voters during the 2006 national elections. Within the sample of labeled homes, the energy label creates transparency in the energy performance of dwellings. Our analysis shows that consumers capitalize this information into the price of their prospective homes.

The liberalisation of the European electricity market : an unstructured restructuring process?

International Nuclear Information System (INIS)

Boisseleau, F.; Hakvoort, R.

2005-01-01

The European Union (EU) directive 96/92/EC defines common rules for the generation, transmission and distribution of electricity, paving the way for the liberalization of the electricity markets of EU member states. Member states are obliged to open their national electricity supply markets, meaning that eligible customers can choose their own suppliers. This paper discussed the process by which the countries of the EU have restructured their electricity markets, arguing that the process has focused on legal and organizational issues, rather than specific prescriptions for the economic design of the market. Although the objective of the EU directive was to create a competitive market, restructuring has led to 15 or more fragmented markets, each liberalized to a different degree and shaped following a wide range of different principles. Areas where the EU has failed to provide a coherent market view were discussed. Issues concerning short-term market arrangements, congestion management and long-term investment were examined. Section 1 of the paper focused on policy issues in the liberalization process, while section 2 emphasized the importance of market design. Section 3 addressed the need for market monitoring and the issue of market power. It was concluded that liberalization is only one step in the process that alone cannot deliver the expected benefits of single integrated European-wide market. At present, the European electricity market is hindered by a lack of proper design and sufficient transparency. 32 refs., 3 tabs., 4 figs

Relevant Market in Commercial Aviation of the European Union

Directory of Open Access Journals (Sweden)

Jakub Kociubiński

2011-06-01

Full Text Available The purpose of this paper is to provide a brief overview of the issue of definition of relevant market in civil aviation within the European Union. The liberalization of the market since the early 1990s has led to a rapid increase in the number of airlines operating in the EU. The increase in the competitiveness of the market has brought many positive changes for passengers, such as lower fares and a better network of connections. At the same time it has created a risk that the airlines, in order to gain a competitive edge, would infringe the rules of competition. This is especially important in the context of the phenomenon that is the development of the airline alliances, which could lead to an abuse of a dominant position. A clear definition of the relevant market is a first step in an assessment of whether such an abuse occurred. This paper focus on the elements that Internal Market regulator, the European Commission, takes into consideration when defining relevant market in the airline industry.

The liberalization of the European gas market and its consequences for Russia

International Nuclear Information System (INIS)

Finon, D.; Locatelli, C.

2002-01-01

Russia is the world biggest natural gas producer, with output of 581 bn m 3 in 2001, and is also a key supplier of the European gas market (around 30% of current European Union gas imports). Therefore gas exports rank with oil exports as an essential variable of Russian economic policy, and any institutional evolution of its gas export markets is crucial for Russia's economy as well as its gas industry. Liberalization of the European gas market will have major consequences for main suppliers, and therefore for Russia. (author)

The liberalization of the European gas market and its consequences for Russia

Energy Technology Data Exchange (ETDEWEB)

Finon, D.; Locatelli, C

2002-07-01

Russia is the world biggest natural gas producer, with output of 581 bn m{sup 3} in 2001, and is also a key supplier of the European gas market (around 30% of current European Union gas imports). Therefore gas exports rank with oil exports as an essential variable of Russian economic policy, and any institutional evolution of its gas export markets is crucial for Russia's economy as well as its gas industry. Liberalization of the European gas market will have major consequences for main suppliers, and therefore for Russia. (author)

Use of wind energy in selected European countries -- Legislation and promotion incentives

International Nuclear Information System (INIS)

Langraf, B.; Kellner, T.

2000-01-01

This final report for the Swiss Federal Office of Energy (SFOE) reviews the strategies for the promotion of the use of wind energy used in various countries in Europe. The three main types of promotion - fixed-tariff purchase of renewable energy, call-for-tender systems and the trading of green energy certificates - are described. An appendix illustrates these three types of promotion with their advantages and disadvantages. The ambitious European Union guidelines on the proposed raising of the proportion of renewable energy are reviewed and the commercial implications in terms of increased turnover are looked at. The effects of electricity market liberalisation are examined, particularly in the fixed-tariff purchasing area. The situation in Switzerland, where much less effort is being made to promote renewable energy sources, is reviewed and the dangers of being left behind in the worldwide market for economic and ecological energy technology are stressed. The report is concluded with recommendations for Switzerland on how existing regulations can be improved and how the market for electricity from renewable sources can be opened

The German energy market. 2014 yearbook. Data and facts on conventional and renewable energy resources

International Nuclear Information System (INIS)

Schiffer, Hans-Wilhelm; RWTH Aachen Univ.; World Energy Council, London

2014-01-01

The present book provides an overview of the energy market of the German Federal Republic. Its main emphasis is on structures of demand and supply in the markets for crude oil, brown coal, hard coal, natural gas and electricity. A special chapter has been dedicated to renewable energy resources. Another focal area are the price formation mechanisms for oil, coal, natural gas and electricity. The development of energy demand is analysed, differentiating between the sectors industry, transport, households and trade/industry/services. The book addresses the international climate protection treaties, the legal framework for climate protection activities at the European level and the implementation of trade in greenhouse gas emission permits in Germany. It presents current forecasts and scenarios, thus pointing out possible perspectives in the German energy market. It also discusses the framework conditions for Germany's energy policy. The energy markets are portrayed through facts and figures compiled in a total of 125 tables and 148 diagrams. Details of ownership of more than 100 utility companies are made transparent. The chapter on energy in the coalition agreement of 27 November 2013 between the Christian Democratic Union, Christian Social Union and the Social Democratic Party is documented verbatim. Rounding off the publication is a detailed glossary that will facilitate the reader's understanding of complex matters in the field of energy economy.

Report 2 Energy Market Barometer - Summer 2014

International Nuclear Information System (INIS)

Schleich, Joachim; Cateura, Olivier; Faure, Corinne; Jacob, Jojo; Javaudin, Laurent; Molecke, Greg; Olsthoorn, Mark; Pinkse, Jonatan; Vernay, Anne-Lorene

2014-09-01

This Summer's edition of the Grenoble Ecole de Management (GEM) Energy Market Barometer documents the French energy experts' expectations of the impact of the Ukraine crisis on energy supply, the focus of energy policy in France, the economic implications of the energy transition, and the development of energy prices. The findings on the Ukraine crisis are also compared to a parallel survey in Germany, which was carried out by the Center for European Economic Research (ZEW). Key findings: - Half the French experts believe that the Ukraine crisis has worsened the security of natural gas supply in France; - Appropriate responses to the Ukraine crisis include strengthening the EU energy market integration, and investing in pipelines and in liquefied natural gas infrastructure; - The high perceived emphasis on energy efficiency in the current French energy policy is justified, but the focus on affordability for households and security of supply appears somewhat overrated; - The French energy transition is expected to hurt utilities, but to benefit technology providers and the economy as a whole; - Most experts believe the prices for electricity, gas, oil, and coal will remain relatively stable over the next 6 months, but they will increase over the next 5 years (except coal); - Expected prices of CO_2 certificates have slightly increased since the previous barometer report, in particular for the medium term

Toward the integration of European natural gas markets:A time-varying approach

International Nuclear Information System (INIS)

Renou-Maissant, Patricia

2012-01-01

Over the past fifteen years, European gas markets have radically changed. In order to build a single European gas market, a new regulatory framework has been established through three European Gas Directives. The purpose of this article is to investigate the impact of the reforms in the natural gas industry on consumer prices, with a specific focus on gas prices for industrial use. The strength of the relationship between the industrial gas prices of six western European countries is studied by testing the Law of One Price for the period 1991–2009. Estimations were carried out using both cointegration analysis and time-varying parameter models. Results highlight an emerging and on-going process of convergence between the industrial gas prices in western Europe since 2001 for the six EU member states. The strength and the level of convergence differ widely between countries. Strong integration of gas markets in continental Europe, except for the Belgian market, has been established. It appears that the convergence process between continental countries and the UK is not completed. Thus, the integration of European gas markets remains an open issue and the question of how far integration will proceed will still be widely discussed in the coming years. - Highlights: ► We investigate the integration of European natural gas markets. ► We use both cointegration analysis and time-varying parameter models. ► We show the failure of cointegration techniques to take account of evolving processes. ► An emerging and on-going process of convergence between the industrial gas prices is at work. ► Strong integration of gas markets in continental Europe has been established.

Survey of Regulatory and Technological Developments Concerning Smart Metering in the European Union Electricity Market

OpenAIRE

VASCONCELOS, Jorge

2008-01-01

Smart metering is a crucial factor for the efficient functioning of the Internal Electricity Market, as well as for the successful implementation of European Union policies related to energy efficiency, renewable energy and security of supply. The report first outlines the potential benefits of smart meters for consumers, suppliers, metering companies, distribution network operators and public interest. Next the report provides a short overview of the legal framework governing metering activi...

Iran in the European gas market: a Russian point of view

International Nuclear Information System (INIS)

Tomberg, I.

2009-01-01

Behind Iranian diplomacy lies the continuing hope for an easing of tensions between America and Iran, with its consequences, which have not yet been worked out satisfactorily, both for Russian interests in the sphere of energy and from the point of view of preserving the fully-formed configuration of Eurasia's gas market. After this introduction of the political context, the document discusses the energy constituent of the 'Iranian question', the difficult choice between pipelines and LNG, the expansion of contacts of European companies with Iran, the issue of Nabucco pipeline that could be a bone of contention in the anti-Iranian coalition and the fact that Azerbaijan alone cannot save Nabucco, the complex situation in Central Asia (with the gas troika - Turkmenistan, Kazakhstan and Uzbekistan), the increased war risks of gas transportation, the necessary participation of Iran in the Nabucco project, the appealing prospects for Gazprom in the area, the possible market sharing with the supply of gas from Iran towards the East (China, Pakistan and India)

The OMEGA Project: Open Market Energy Generation Allocation in deregulated electricity markets

International Nuclear Information System (INIS)

Contreras, J.; Conejo, A.J.

2002-01-01

The OMEGA project is part of the 5th Framework Programme for R and D that the European Union has started in the year 2000. It is a highly complex and interdisciplinary project, with five countries and several companies involved. The project aims at developing a decision support system for electricity producers to support energy management and energy trading groups within these companies in the commercial activities on open and competitive electricity markets using an e-commerce framework. This paper presents the OMEGA project, describes the objectives pursued, evaluates the project workplan, shows the complex project management structure, highlights the management problems, and presents relevant conclusions. (author)

The OMEGA Project: Open Market Energy Generation Allocation in deregulated electricity markets

Energy Technology Data Exchange (ETDEWEB)

Contreras, J. [Universidad de Castilla-La Mancha, (Spain). Project Management Group, Escuela Tecnica Superior de Ingenieros Industriales; Conejo, A.J. [Universidad de Castilla-La Mancha, (Spain). Power Engineering Group, Escuela Tecnica Superior de Ingenieros Industriales

2002-08-01

The OMEGA project is part of the 5th Framework Programme for R and D that the European Union has started in the year 2000. It is a highly complex and interdisciplinary project, with five countries and several companies involved. The project aims at developing a decision support system for electricity producers to support energy management and energy trading groups within these companies in the commercial activities on open and competitive electricity markets using an e-commerce framework. This paper presents the OMEGA project, describes the objectives pursued, evaluates the project workplan, shows the complex project management structure, highlights the management problems, and presents relevant conclusions. (author)

The market microstructure of the European Climate Exchange

OpenAIRE

Mizrach, Bruce; Otsubo, Yoichi

2011-01-01

This paper analyzes the market microstructure of the European Climate Exchange, the largest EU ETS trading venue. The ECX captures 2/3 of the screen traded market in EUA and more than 90% in CER. 2009 Trading volumes total ?22 billion and are growing, with EUA transactions doubling, and CER volume up 61%. Spreads range from ?0:02 to ?0:06 for EUA and from ?0:07 to ?0:18 for CER. Market impact estimates imply that an average trade will move the EUA market by 1.08 euro centimes and the CER mark...

European Integration, Labour Market Dynamics and Migration Flows

Directory of Open Access Journals (Sweden)

Martinoia, Michela

2011-06-01

Full Text Available The paper has two objectives. Firstly, we wish to evaluate whether a greater economic integration has effects, and of what type, on migration flows from Central and Eastern Europe (New Member States of the EU, NMS towards the fifteen countries of the European Union (EU-15. Secondly, we wish to understand what effect the migration flows from the NMS have on the labour market of the receiving countries in the EU-15. The most suitable theoretical context that seems to summarise European labour market characteristics is that of the insider/outsider model by Layard, Nickell and Jackman (Layard et al., 1991. We have modified the above mentioned model by introducing two innovations. Firstly, we constructed three measures that act as a proxy for economic integration: the Intra Regional Trade Index (IRTI, Global Trade Index (GTI and Financial Market Integration (FMI. Then we placed the three indicators into the insider/outsider model to arrive at a modified version of Layard, Nickell and Jackman (Layard et al., 1991. The second innovative contribution was the introduction of an equation modelling migration flows. The creation of this equation is inspired by the neo-classical approach to migration theory (Harris-Todaro, 1970. The theoretical model, based on rational expectations, has been solved to find the equilibrium solution and the impact multipliers. We then carried out an empirical analysis, which involved estimating a Structural Vector Autoregression Model (SVAR. The aim of this estimation was to evaluate, on the one hand, the effect that greater European integration (a positive shock to the integration indicators has on migration flows, and, on the other, to measure the type of effect that migration flows could have on the labour market of the EU-15 countries, considered as a single entity. The results of our empirical evidence show that economic integration does generate significant effects on migration flows from the enlargement countries

Cooperative procurement: market transformation for energy efficient products

Energy Technology Data Exchange (ETDEWEB)

Ostertag, K.; Dreher, C.

1999-07-01

Cooperative procurement is a variation of public purchasing which may be used as an instrument to transform the market and stimulate innovation enhancing environmental performance. The core of the procedure is the following: Coordinated by a central agency a group of buyers - public administrations, but also private companies, associations, etc. - gets together and jointly formulates a catalogue of performance requirements for a specific product truly suiting their preferences. This catalogue may contain (combinations of) requirements not yet available on the market and includes energy efficiency and/or environmental performance among other preferences important to the users. On the basis of the product requirements the buyer group launches a call for tenders, evaluates the bids received from the manufacturers and commits to buying the winning product. Thus, a market is provided for the most successful innovators in a given area of technology. The paper discusses the effectiveness of cooperative procurement as a policy instrument in the context of innovation theory and learning curves and it presents some empirical results on the feasibility of the transfer of this policy instruments to a wider range of European countries and/or to the European level. (orig.)

Historical study regarding the protection of consumers within the electric energy and natural gas markets

Directory of Open Access Journals (Sweden)

Ramona Pîrvu

2013-06-01

Full Text Available The supply of electric energy and natural gas is a service of general interest, with a vital importance in satisfying the consumer’s basic needs. The conducted research is descriptive and its main focus is on the study of the field literature, aiming at aspects such as identifying the historic evolution of the electric energy and natural gas markets in Romania, the behaviour of companies operating on these markets and their impact on the consumers’ rights. The research methodology has been established starting from a synthetic analysis of the most recent published studies on the observation of the European policy in the energy field and EU’s efforts to build up a single, competitive market, including two sectors that not long ago were dominated by monopolistic national actors: electric energy and gas. The research methods imply study monitoring and reports as well as forecast analyses regarding the capacity of the Three Energy Packages, once implemented, to support the creation of competitive, transparent and uniformly regulated energy markets within the EU countries, in order to ensure the protection of the consumers of these general interest services. The research has a dual approach, combining quantitative and qualitative elements as well as conducting the analysis of the correlations between the efforts and effects registered in the field of consumer protection. The first section of the article offers conceptual clarifications regarding both the European policy in the energy field and the consumers of general economic services. The second section gives an insight into the energy and gas markets in Romania as well as the main obstacles in the way of their liberalization. The third section presents the efforts made with respect to consumer protection in the field of energy, analyzing the European Directives’ fundamental ideas regarding the protection of consumers and the phase of their embedment into our legislation in order to achieve