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Materiale didattico per il corso di Theories of Regulation della prof.ssa Laura Ammannati all'interno del quale sono affrontati i seguenti argomenti: l'esperienza della regolazione nel caso dell'Unione Europea; la regolazione pro - competitiva, le liberalizzazioni e il caso della regolazione del mercato... Vedi di più

Esame di Theories of Regulation docente Prof. L. Ammannati

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Pro-competitive regulation - Energy

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unbundling:

2. a) account; b) legal, functional; c) ownership

account: “integrated electricity undertakings shall, in their

a) internal account, keep separate accounts for their generation,

transmission and distribution activities” (Dir. 96/92/EC, 14,3)

legal, functional: “when transmission [and distribution] system

b) operator (TSO) is part of a vertically integrated undertaking, it

shall be independent at least in terms of legal form, organisation

[two different companies] and decision making [functional] from

other activities not relating to transmission (Dir. 2003/54/EC,

10,1) not obligation to separate the ownership of assets of

transmission system from VII – separation transmission

network - transmission operator

Pro-competitive regulation - Energy

9

c) Ownership: full disinvestment by the VII of activities relating to

transmission generation/supply companies could no longer hold

a relevant stake in TSOs

Dir 2009/72/EC - “3 Package” unbundling “à la carte”

rd Unbundling

3 Package

rd 10 Source: Brázai 2009

Separate system operators without Actual requirement

Full disinvestment by the ownership unbundling.

integrated entities of (functional + legal unbundling)

Integrated companies

network activities. can keep network assets, but the

Supply/generation network is managed by ISOs in

companies could no which they can have no

longer hold a (significant) (significant) stake.

stake in the TSOs. ISOs need "strong" decisional

powers over operation,

Preferred maintenance and investment

CONS: requires detailed regulation

and permanent monitoring

Pro-competitive regulation - Energy

11

3. antitrust limits asymmetric regulation

(proportionality) : control of dominant market power of

incumbents

s. D.lgs. 79/1999 for each generation company market share doesn’t

have to exceed the limit of 50% of the generation market

The incumbent (Enel) was allowed to keep a market share = 50%

 

consequently this company has a dominant position in the market –

it makes the company free to act “independently” of the competitors

in the same market

Regulatory Agencies - Authorities

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Autonomous public Agencies – Indipendent

 Authorities (regulators)

Independence from government (independence from

 regulated community)

Special and high expertise

 Continuity of policy-makers

 Combination of different competencies:

 Policy-making – rule-making

 Adjudication

 Enforcement

 Regulatory networks

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Step 1: creation of coordination instruments:

 coordination in implementing European law in the single market 

 spontaneous creation of “fora” – “networks” (energy (ERGEG –

Tlc/ERG)

Step 2 : creation of coordination institutions :

 the model is assumed by the CE Commission coordination among

 national regulators (NRAs) networks, groups, agencies

Main objective: regulatory convergence – uniform and

 effective decentralized application of European legislation

through general non-binding measures

Regulatory Networks

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Origin – goals:

 Increasing uniformity of rules (NRAs – ERGEG/ERG)

 Decentralisation (ECN antitrust authorities)

Functioning :

 Horizontal consensus-based coordination (no hierarchy)

 Vertical coordination final decision in the hands of CE Commission

 Exchange of information, experiences and best practices

 Reciprocal supervision (peer review) reputational scheme

Output:

 Non-binding rules

 regulation as a mix of soft law (esp. at the level of ERNs) and hard law

 (at the level of NRAs) (hybridasation)

role of governments reduced

 wider influence of bodies and organisations composed by experts


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DESCRIZIONE DISPENSA

Materiale didattico per il corso di Theories of Regulation della prof.ssa Laura Ammannati all'interno del quale sono affrontati i seguenti argomenti: l'esperienza della regolazione nel caso dell'Unione Europea; la regolazione pro - competitiva, le liberalizzazioni e il caso della regolazione del mercato dell'energia.


DETTAGLI
Corso di laurea: Corso di laurea magistrale in economics and political science
SSD:
Università: Milano - Unimi
A.A.: 2011-2012

I contenuti di questa pagina costituiscono rielaborazioni personali del Publisher Atreyu di informazioni apprese con la frequenza delle lezioni di Theories of Regulation e studio autonomo di eventuali libri di riferimento in preparazione dell'esame finale o della tesi. Non devono intendersi come materiale ufficiale dell'università Milano - Unimi o del prof Ammannati Laura.

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