With three waves of internal energy market legislation already adopted and a fourth just tabled, a key question is “do we have an institutional structure that can effectively deliver the ambitious goals of the EU energy and climate change policy?”. To answer this question, the chapter...

Monopoly regulated utilities operate under a duty to serve - they must provide service on a non-discriminatory basis to all who request it within their state-sanctioned monopoly territory. As climate change alters the conditions of the natural world, utilities will find themselves in the...

A recurring issue in the regulation of public utilities is whether the firm should be permitted to recover the cost of particular assets through its allowed rates. The traditional standards have been the backward-looking prudency test and the forward-looking used-and-useful test. Under the...

This paper traces the process of deregulation in the US natural gas market in the 1970s and 1980s and the restructuring of the gas market in the 1990s. I review the politics behind deregulation and the actions of the FPC and FERC to first regulate the market and then implement the Natural Gas...

The introduction of liberalisation and concepts such as third-party access, network ownership unbundling and competition in the EU’s internal energy market following the first, second and third sets of EU legislative packages and directives had the effect of requiring Member States to...

Global warming and the acute domestic air pollution in China have necessitated transition to a sustainable energy system away from coal-dominated energy production. Through a systematic review of the national policy documents, this study investigates the policy mix adopted by the Chinese...

Die Bewertung von Strom- und Gasnetzen hat für jeden Netzeigentümer eine hohe Bedeutung. In dem Beitrag werden die relevanten Bewertungsmethoden dargestellt. Vertieft werden die Elemente für die Ermittlung des Ertragswerts unter Berücksichtigung der deutschen Netzregulierung. Für die...

In this paper, I attempt to compare costs and benefits of the traditional model with distributed generation within the scope of wind energy generation. In Section II, I examine the following economic aspects of both models: in part A, economies of scale; part B, economics of permanence; part C,...

Reviews the various articles of the IIR2001, and lays out the theme of having the appropriate market structure and regulation in various sectors of physical infrastructure including electricity, telecom, water and sewage, transportation and energy

The United Kingdom (UK) has spent less on infrastructure compared to other OECD countries over the past three decades. The perceived quality of UK infrastructure assets is close to the OECD average but lower than in other G7 countries. Capacity constraints have emerged in some sectors, such as...