Electricity Network Regulation in the EU: The Challenges Ahead‎ for Transmission and Distribution (Loyola de Palacio Series on European Energy Policy)

The UK model of incentive regulation of power grids was at one time the most advanced, and elements of it were adopted throughout the EU. This model worked well, particularly in the context of limited investment and innovation, a single and strong regulatory authority, and limited coordination between foreign grid operators. This enlightening book demonstrates how the landscape has changed markedly since 2010 and that regulation has had to work hard to catch up and evolve. As the EU enters a wave of investment and an era of new services and innovation, this has created growing tensions between national regulatory authorities in terms of coordinating technical standards and distribution systems. This is being played out against an increasingly disruptive backdrop of digitization, new market platforms and novel business models. Electricity Network Regulation in the EU adopts a truly European approach to the complex issues surrounding the topic, focusing on the grey areas and critical questions that have traditionally been difficult to answer. Incentive regulation and grids are addressed simultaneously at the theoretical and practical level, providing the reader with fundamental concepts and concrete examples. This timely book is an invaluable read for energy practitioners working in utility companies, regulators and other public bodies. It will also appeal to academics involved in the world of electricity regulation. The book utilizes language that would make it suitable for interdisciplinary students, including engineering and law scholars. Contributors include: P. Bhagwat, J.-M. Glachant, S.Y. Hadush, L. Meeus, V. Rious, N. Rossetto, T. Schittekatte The UK model of incentive regulation of power grids was at one time the most advanced, and elements of it were adopted throughout the EU. This model worked well, particularly in the context of limited investment and innovation, a single and strong regulatory authority, and limited coordination between foreign grid operators. This enlightening book demonstrates how the landscape has changed markedly since 2010 and that regulation has had to work hard to catch up and evolve. As the EU enters a wave of investment and an era of new services and innovation, this has created growing tensions between national regulatory authorities in terms of coordinating technical standards and distribution systems. This is being played out against an increasingly disruptive backdrop of digitization, new market platforms and novel business models. Electricity Network Regulation in the EU adopts a truly European approach to the complex issues surrounding the topic, focusing on the grey areas and critical questions that have traditionally been difficult to answer. Incentive regulation and grids are addressed simultaneously at the theoretical and practical level, providing the reader with fundamental concepts and concrete examples. This timely book is an invaluable read for energy practitioners working in utility companies, regulators and other public bodies. It will also appeal to academics involved in the world of electricity regulation. The book utilizes language that would make it suitable for interdisciplinary students, including engineering and law scholars. -- Provided by publisher The UK model of incentive regulation of power grids was at one time the most advanced, and elements of it were adopted throughout the EU. This model worked well, particularly in the context of limited investment and innovation, a single and strong regulatory authority, and limited coordination between foreign grid operators. This enlightening book demonstrates how the landscape has changed markedly since 2010 and that regulation has had to work hard to catch up and evolve. As the EU enters a wave of investment and an era of new services and innovation, this has created growing tensions between national regulatory authorities in terms of coordinating technical standards and distribution systems. This is being played out against an increasingly disruptive backdrop of digitization, new market platforms and novel business models. __Electricity Network Regulation in the EU__ adopts a truly European approach to the complex issues surrounding the topic, focusing on the grey areas and critical questions that have traditionally been difficult to answer. Incentive regulation and grids are addressed simultaneously at the theoretical and practical level, providing the reader with fundamental concepts and concrete examples. **Contributors include:** P. Bhagwat, J.-M. Glachant, S.Y. Hadush, L. Meeus, V. Rious, N. Rossetto, T. Schittekatte The UK model of incentive regulation of power grids was at one time the most advanced, and elements of it were adopted throughout the EU. This model worked well, particularly in the context of limited investment and innovation, a single and strong regulatory authority, and limited coordination between foreign grid operators. This enlightening book shows that since 2010 the whole context has changed and regulation has had to catch-up and evolve. The EU is entering a wave of investment, and an era of new services and innovation which has created growing tensions between national regulatory authorities in terms of coordinating technical standards and distribution systems. This is being played out against an increasingly disruptive backdrop of digitzation, new market platforms and novel business models Introduction -- Part 1 Incentive Regulation: aligning the interests of the operators with the interests of their customers -- 1. The British reference model, Vincent Rious and Nicolò Rossetto -- 2. Continental incentive regulation, Vincent Rious and Nicolò Rossetto -- Part 2 Seams issues: one market, one system, but many operators and authorities -- 3. TSO-TSO seams issues, Jean-Michel Glachant -- 4. DSO-TSO seams issues, Leonardo Meeus and Samson Yemane Hadush -- Part 3 Grey areas: the border between the market and the grid -- 5. Classical grey areas since the start of the internal market, Leonardo Meeus and Pradyumna Bhagwat -- 6. New grey areas at the frontiers of European power grids, Leonardo Meeus and Tim Schittekatte -- Index cover Front Matter Copyright Contents Figures Tables Boxes Contributors Acknowledgements Introduction PART 1 Incentive regulation: aligning the interests of the operators with the interests of their customers 1. The British reference model 2. Continental incentive regulation PART 2 Seams issues: one market, one system, but many operators and authorities 3. TSO–TSO seams issues 4. DSO–TSO seams issues PART 3 Grey areas: the border between the market and the grid 5. Classical grey areas since the start of the internal market 6. New grey areas at the frontiers of European power grids Index