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Market Building through Antitrust: Long-term Contract Regulation in EU Electricity Markets

ISBN13: 9780857937735
Published: December 2013
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £80.00

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Market Building Through Antitrust investigates the role of antitrust policy in the building of competitive energy markets in Europe. By looking at the specific problem of long-term supply and access contracts in the electricity sector, the book questions the suitability of antitrust policy as a market building tool.

It shows that the institutional infrastructure pre-existing competitive reform and the politics of liberalization have largely shaped the current dynamics at work in European energy regulatory practice. In particular, antitrust law has increasingly being used as a quasi-ex ante regulatory tool, thereby raising problems in terms of economic efficiency, legal certainty and political legitimacy.

By mixing legal, political and economic perspectives, this book will appeal to a wide range of readers from academia in law, economics and political science, regulatory and competition authorities, as well as legal and consulting practices and business economists.

Competition Law, Energy and Natural Resources Law
General Introduction
1. The Problem of Long-term Contracts in Decentralized Electricity Markets: An Economic Perspective
2. Vertical De-integration and Single Market Integration in the European Union: An Incomplete Transition
3. The Strategy of the European Commission on Long-term Contracts: Is the New Methodology truly 'More Economic'?
4. Long-term Contracts Across Member States: The Problem of Priority Access Rights to Interconnectors
5. The Strategy of the European Community for the Development of Interconnectors: Assessing the Role of Merchant Transmission Investment with Vincent Rious