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Regulation in the EU and Energy Regulation Appunti scolastici Premium

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

Anteprima

ESTRATTO DOCUMENTO

THEORIES OF REGULATION

LM ECONOMICS AND POLITICAL SCIENCE

2010-2011

What is Regulation? The lesson of European experiences

2

Generally in Europe the tendency is to associate regulation

with post-liberalization / -privatization control of the

utilities

Differentiation between direct state intervention and

 regulation:

state intervention in the economic area:

 public ownership, public enterprises, public shared companies,

 nationalisations, state-provided utilities, economic planning

authoritative administrative measures (concessions, authorizations,

 permits and licences – ex ante approval system) - exclusive or special

rights (in other terms, monopoly rights)

public ownership and public enterprises were extended even into open

 and competitive markets

What is Regulation? The lesson of European experiences

3

fundamental steps in the development from direct state intervention to

 regulation:

fiscal crisis and increasing difficulties in public expenditure; transparency in

 financial relationships between governments and public companies (in the late

1970s)

start of the European “single market” : deep process of markets liberalization

 in public sector

opening the markets:

 in competitive markets : privatisation of the public companies

 in markets characterized by public monopolies (providing economic

 services of general interest) how to achieve the roll-back of the state?

Creation of regulatory Agencies /Authorities

 the principal goals:

 opening specific markets and guaranteeing the access of newcomers

 consumer protection (s. Italian Regulatory Agencies)

 Pro-competitive regulation

4

Main element of liberalisation:

Opening markets free access for undertakings

 Transition from monopolistic to competitive market relies

 on regulation of natural monopolies

How to liberalise network industries how to liberalise

 natural monopolies

Natural monopoly the “skeleton” of network industries

 “Vertically Integrated Industries” (VII) an

 

undertaking performing two or more of the functions

necessary in order to supply a service

Pro-competitive regulation - Energy

5

Separation between competitive and monopolistic

 components of VII

competition in generation and supply markets

 regulation in transmission and distribution (natural monopolies)

On supply-side immediate opening (authorization –

 licence)

On demand-side gradual opening (from big consumers

 to small consumers/householders - from captive to eligible

consumers)

Pro-competitive regulation - Energy

6

Main elements of pro-competitive regulation:

Third Party Access

1. Unbundling

2. Antitrust limits

3. Pro-competitive regulation - Energy

7

TPA : transparent, equal, non-discriminatory access to

1. networks (negotiated vs regulated TPA – NRAs define

)

access tariffs maintenance and extension of networks

Guaranteeing the newcomers’ access to the market

 Control of market power of ex-monopolists (incumbents)

 Exception : refusal to deal (lack of capacity of the networks – national

 grid and/or local distribution networks)


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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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