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Titel:
The regulation of electricity transmission networks and its impact on governance
 
Auteur(s):
Vries, L.J. de; Joode, J. de; Hakvoort, R.
 
Gepubliceerd door: Publicatie datum:
ECN Beleidsstudies 1-10-2009
 
ECN publicatienummer: Publicatie type:
ECN-W--10-018 Artikel wetenschap tijdschrift
 
Aantal pagina's:
25  

Gepubliceerd in: European Review of Energy Markets (), , 2009, Vol.3, p.13-37.

Samenvatting:
The current institutional and regulatory arrangements with respect to electricity transmission vary significantly across the EU. The EU only requires legal unbundling, which makes joint ownership of electricity transmission and generation assets by holding companies possible. The Energy Sector Enquiry of DG Competition (EC, 2007) concluded that the vertically integrated structure that currently exists in many countries is an obstacle to competition both in the short run (through discriminatory access to networks) and in the long run (insufficient incentives for infrastructure investment). Therefore, in its third legislative energy package for internal energy markets, the European Commission (EC) proposed full ownership unbundling of electricity transmission and generation, or, if this option would prove practically (read: politically) infeasible, at least the creation of independent system operators (ISO). In the heated debate that followed, alternative institutional designs were proposed such as the creation of regional transmission operators (RTOs) or continuing vertical integration, but with stronger regulatory and institutional controls.

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