Capacity Mechanisms in the EU Energy Market

- Law, Policy, and Economics

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Capacity Mechanisms in the EU Energy Market
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Format:
Bog, hardback
Udgivelsesdato:
08-10-2015
Sprog:
Engelsk
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Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments in renewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market but may have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for theircross-border impact, they may cause serious market distortions and put the future of the European internal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, and will be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.

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Udgivelsesdato:
08-10-2015
ISBN13:
9780198749257
Vægt:
968 g
Dybde:
31 mm
Bredde:
184 mm
Højde:
250 mm
Format:
Hardback
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    Energy capacity mechanisms have become a much debated topic in the EU. National electricity markets are increasingly interconnected and the cross-border implications of state subsidies must be carefully considered. This book provides a thorough explanation of how capacity mechanisms work in policy and practice, and their possible consequences.

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