85 research outputs found
Interconnector Investment for a Well-Functioning Internal Market: What EU regime of regulatory incentives? Bruges European Economic Research (BEER) Papers 18/October 2010
Sufficient crossâborder electricity transmission infrastructure is a preârequisite for a functioning
European internal market for electricity. Also, the achievement of the EUâs energy policy
objectives â sustainability, competitiveness and security of supply â critically depends on
adequate investment in physical interconnections between the member states. Mainly focusing
on the âregulatory pathâ, this paper assesses different ways to achieve a sufficient level of
interconnector investment.
In a first step, economic analysis identifies numerous impediments to interconnector investment
adding up to an âinterconnector investment failureâ.
Reflecting on the proper regulatory design of an EU framework able to overcome the
interconnector investment failure, a number of recommendations are put forward:
All congestion rents should be channeled into interconnector building. Unused rents
should be transferred to a European interconnector fund supervised by an EU agency.
Even though inherently subâoptimal, merchant transmission investment can be used as a
means to put pressure on regulated transmission system operators (TSO) that do not
deliver. An EU agency should have exclusive competence on merchant interconnector
exemptions.
A European TSO organization should be entrusted with supraânational network planning,
supervised by an EU agency.
The agency should decide on investment cost reallocation for interconnector projects
that yield strong externalities. Payments could be settled via a European interconnector
fund.
In case of nonâcompliance with the supraânational network plan, the EU agency should
have the right to organize a tender â financed by the European interconnector fund â in
order to get the âmissing linkâ built.
Assessing the existing EU regulatory framework, the efforts of the 2009 âthird energy packageâ
to fill the âregulatory gapâ with new EU bodies â ACER and ENTSOâE â are acknowledged. However, striking holes in regulatory framework are spotted, notably with regard to the use of
congestion rents, interconnector cost allocation, and the distribution of decision making powers
on new infrastructure exemptions
A discussion of the TENâE interconnector funding scheme shows that massive funding can be an
interim solution to the problem of insufficient interconnection capacities while overcoming the
political deadlock on sensible regulatory topics such as interconnector cost allocation. The paper
ends with policy recommendations
Hermann Hesse - the Swabian
This item was digitized by the Internet Archive. Thesis (M.A.)--Boston Universityhttps://archive.org/details/hermannhesseswab00kap
Die poetische Sprache der griechischen Tragiker zunÀchst im Anschluà an des Euripides Iphigenie in Tauris
von KapffProgr.-Nr. 59
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