Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

Since the beginning of the 1990s, Europe has been struggling to establish a competitive as well as a fully integrated internal energy market. Until the early 1990s, the European energy markets consisted of national monopolies possessing vertically integrated structures. They were also still nationally segregated. Since, the EU has made the decision to open European energy markets to competition and subsequently establish an internal energy market. The European energy markets are currently controlled by a dual structure consisting of two different regulatory frameworks: competition law and sector-specific regulations. The primary goal of these legal instruments is the establishment of an internal energy market. This book aims at analysing the development of the European energy markets and policies from the perspective of competition law as well as sector-specific regulations and, hence, identifying the problems regarding the introduction of competition into the energy markets.

Over the last few years, the energy sector in Europe has undergone rapid change. Following the adoption of the EU Third Energy Package and the Climate and Energy Package in 2007, a wide range of EU laws governing the next phase of the EU Internal Energy Market, climate change objectives, and security of supply considerations have entered into force. This new edition builds upon earlier editions of the work to provide an updated overview of important developments at national, international, and European levels, covering the most important principles of international law relevant to the energy sector. The first part of the book provides overviews of international and EU law. This is followed by chapters which look at specific European jurisdictions. A number of key energy-producing jurisdictions are focused on, including France, Poland, and the UK. In addition, a chapter is now included to outline Russian energy law. Written by a team of specialist academics and practitioners, Energy Law in Europe: National, EU and International Regulation offers in-depth coverage of energy law, trade and regulation for both practitioners and academics specializing in the energy sector.

Providing a critical examination of EU energy law and policy in its wider context, this book takes into account international energy markets and international energy policies, the economics of energy market regulation, geopolitical aspects of energy policy, and international developments that affect EU energy policy.

A study of energy regulation in international trade law against the backdrop of energy markets that have undergone radical change.

Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.