scholarly journals Foreign Experience in Reforming Regional Energy Markets

2020 ◽  
Vol 4 (46) ◽  
pp. 113-118
Author(s):  
R. V. Romaniuk ◽  
Keyword(s):  
Power Supply ◽  
Industrial Sector ◽  
Energy Sector ◽  
Energy Markets ◽  
Climatic Conditions ◽  
Energy Market ◽  
Foreign Experience ◽  
Regional Energy ◽  
Business Entities ◽  
The Eu

Innovation and investment development is an important pre-requisite, to form competitive environment, improve the efficiency of economic entities and the liberalization process, in general. Foreign experience convincingly shows that liberalization processes in terms of radical adaptation of legislation, as well as stability, reliability and continuity of power supply (provided that the energy sector is demonopolized) are considered efficient if causing synergistic effect, making the performance of power supply business entities by times better than it used to be. The article studies the features of the transformation processes in the energy markets in the advanced countries and in Europe. A review of the criteria that formed the basis for the study has been carried out. The author identifies some consequences of the abovementioned reform of the regional energy sector markets, carried out by integrating the country’s industrial sector development. It is also mentioned that the specificity of territorial and climatic conditions should promote the search for and implementation of a model that would ensure the continuity and multi-functionality of national and regional energy markets. The stages of the reform have been monitored. The analysis of the implementation of the regulatory framework was focused on the following points: the differentiation of certain activities related to the transportation, production, purchase and sale of energy; unification of the single tariff for using energy resources on all the EU territories. It has been found out that the process of reforming the energy markets has no universal scenario that could accelerate these processes, as the transformation is only carried out under special conditions specific to a particular country. The experience of the advanced countries has shown that the consequences of the reform differ despite the application of the same models. It is noted that during the liberalization of energy markets, the EU countries primarily aimed at implementing regulatory instruments, and structurally divided them into 3 stages for the entire reformation period. The future scenario of reforming Ukraine’s energy market is outlined, taking into account the experience of the advanced countries with an emphasis on the following sectors: «the market of direct bilateral agreements», «futures market», «balancing market», «related market». The industry reform and its structural support have been monitored. The measures to be taken to reform the energy market are systematized in 4 groups: regulatory and legal, organizational and structural, financial and investment, technical and innovative measures.

scholarly journals Perspectives of the convergence of domestic and european energy markets in the context of Ukraine-European integration

2019 ◽  
Keyword(s):  
European Union ◽  
New Technologies ◽  
Institutional Development ◽  
Energy Sector ◽  
Energy Markets ◽  
Energy Market ◽  
The European Union ◽  
Self Sufficiency ◽  
Trade Turnover ◽  
The Eu

The article examines the prospects of cooperation between the European Union and Ukraine in the context of the globalization of energy markets. The issues of the most beneficial ways of forming long-term partnerships in the energy sector, which can lead to a strong economic and political partnership, are described in detail. The Ukrainian attempts to borrow the positive features of the European energy sector are analized here. The aim of the work is to study theoretical aspects, generalization of methodological approaches to substantiate ways to improve the functioning of the Ukrainian energy market in the way of its convergence with the EU energy market. The tasks that stemming from this goal, which were decided during the study, are to examine the process of convergence of the Ukrainian and European energy markets and to find and suggest ways to accelerate this process. The object of the study is the process of convergence of Ukrainian and the EU energy markets. In analyzing the tendencies of integration of Ukrainian energy market into the energy market of the European Union, the methods of statistical grouping and logical analysis were used. The results of the study are as follows. Convergence of the European and domestic energy markets will contribute to expanding Ukraine's fuel self-sufficiency, as the introduction of new technologies borrowed from European partners will intensify. It will also create a legal basis for expanding trade turnover and investment flows in the field of energy resources for each of the players within international relations, will form the basis for creating a common economic space between the partners. Conclusions. The first opportunity for Ukraine is to use the EU experience in creating a stable energy market, as well as its system of regulation; modernizing the economy and using the European experience of institutional development.

La complessitŕ dei mercati energetici e la necessitŕ di una regolazione multilivello

2009 ◽  
pp. 121-152
Author(s):  
Giuseppe Franco Ferrari
Keyword(s):  
Climate Change ◽  
European Union ◽  
Sustainable Development ◽  
Local Level ◽  
National Level ◽  
Energy Sector ◽  
Energy Markets ◽  
Multilevel Governance ◽  
Energy Market ◽  
The European Union

- The energy markets are very complex, because, on the one hand, they imply several different activities and, on the other hand, they involve various levels of govern- 183 ment. The energy market is divided indeed in different segments: supply (generation or purchasing), transmission, distribution and sale, which are allocated at different levels of government, from the international and European level (with reference to the security of energy supply), to the local level (with specific regard to the distribution and sale). This complexity makes the energy sector particularly critical, under the pressure of political interests and economical needs. Another sensitive point is linked with the environmental protection, since the consumption of energy is one of the most polluting human activities, and the demand of energy is growing up together with the economical growth of the developing Countries. This problem is increasingly discussed at the international level, with reference to the climate change issue, in order to plan a sustainable development for the whole globe: because of it, the Kyoto Protocol was issued within the United Nation Framework Convention on Climate Change. It establishes legally binding commitments for the reduction of four greenhouse gases for all the 183 ratifying Countries, according the principle of common but differentiated responsibilities, and provides for the promotion of renewable energy. The European Union ratified the Protocol implementing the relative obligations through, for instance, the creation of the EU Emissions Trading Scheme (ETS). The European Union most of all addressed the competitive issue, since the 70s, in order to achieve the result to create a free energy market in Europe. The last results of the European energy policy were the directives on electricity and natural gas in 2004, that imposed the complete opening of the energy markets in almost all the European Countries (with few exceptions). The implementation of the European directives requires the intervention of the national level, since each Country has to modify its own regulatory framework, in order to comply with the directives. Everywhere in Europe, this process faces with several difficulties, but it is particularly hard in Italy, since the energy sector is traditionally public owned. Indeed, in our Country, the privatization and liberalization processes are strictly linked to another trend: the decentralization of legislative and administrative powers from the State to the Regions and Local Communities. Thus it is evident that the global governance of the energy sector, for its complexity and its sensibility, can only derive from a network of interventions by several levels of government, and different international, national and local actors, which realize a typical case of multilevel governance.Key words: Energy markets, competition, sustainable development, multilevel governance.JEL classifications: K21, K23.Parole chiave: Mercato energetico, concorrenza, sviluppo sostenibile, multilevel Governance.

European Energy Security and Sustainability

2011 ◽  
pp. 38-67
Author(s):  
Anatoly Zhuplev ◽  
Dmitry A. Shtykhno
Keyword(s):  
Energy Security ◽  
Oil And Gas ◽  
Sustainable Energy ◽  
High Energy ◽  
Energy Sector ◽  
Technology Investment ◽  
Regional Energy ◽  
Political Economic ◽  
Energy Dependent ◽  
The Eu

Europe’s economic wellbeing and growth are highly energy dependent and heavily reliant on Russian imports of oil and gas. European energy security, its alternatives, and implications are examined in this chapter with the view of sustainability and the EU-Russian energy dialog. With an asymmetric mutual political-economic interdependency with Russia, Europe’s exposure in oil and gas calls for sustainable energy solutions. Meantime, Russia, the key energy supplier in the European region, is also a major energy consumer whose economy is characterized by high energy intensity. Russian energy sector needs serious improvements in technology, investment, and management: failure to address these priorities erodes Russia’s reliability as major regional energy supplier. The chapter explores the dynamics of Russian energy sector and implications for European energy security and sustainability.

Legal and Regulatory Framework of European Energy Markets

2020 ◽  
Author(s):  
Cansu D. Burkhalter
Keyword(s):  
Internal Energy ◽  
Competition Law ◽  
Energy Markets ◽  
Regulatory Framework ◽  
Energy Market ◽  
Dual Structure ◽  
Fully Integrated ◽  
Regulatory Frameworks ◽  
Integrated Structures ◽  
The Eu

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.

scholarly journals Integrating Energy Markets in the Wider Europe: The Eastern Dimension1

2019 ◽  
Vol 8 (4) ◽  
pp. 101
Author(s):  
Afroditi Semkoua Elias Kolovosa ◽  
Ilias Andreadisa Anna Konstantinidou
Keyword(s):  
Eastern Europe ◽  
Energy Supply ◽  
Legal Framework ◽  
Energy Markets ◽  
Common Interest ◽  
The European Union ◽  
Regional Energy ◽  
Network Connection ◽  
Energy Trade ◽  
The Eu

This paper examines the extent of integration between the regional energy markets of the Member States of the European Union and the countries of the wider Europe with special attention to the Eastern Partnership. Therefore, whether the aforementioned energy markets are in a position to conform to the acquis communautaire and ensure the security of energy supply to the EU in affordable prices. We will record what needs to be done for the integration of these regional energy markets with the EU common market and specifically: (a) the legal framework of the Eastern European non-EU regional energy markets, from the perspective of energy, trade and free competition. The impediments integration is facing and under which circumstances can it be achieved. (B) The required infrastructure and connectivity networks necessary to be completed in order to allow the utilization of the energy reserves in the third countries and the network connection of these third countries with the EU. The designated Trans European Network Strategy regarding the sectors of electricity, natural gas, oil and the Projects of Common Interest currently being constructed in Eastern Europe. (C) The promotion of investments that needs to be carried out in the wider European countries in order to ensure security of energy supply of the EU in the long term. The various forms of cooperation agreements between Georgia, Moldova, Ukraine, Armenia, Belarus and Azerbaijan with the EU and their contribution to the promotion of energy investments and the interconnection of cooperation agreements with the Energy Community.Keywords: EU, Eastern Europe, Free Trade Agreements, Infrastructure, TEN – E, PCI, Promotion of Investments

scholarly journals Legal Aspects of Cybersecurity in the Energy Sector—Current State and Latest Proposals of Legislative Changes by the EU

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 7836
Author(s):  
Michał Krzykowski
Keyword(s):  
Extreme Case ◽  
Wind Farms ◽  
Legal Aspects ◽  
Energy Sector ◽  
Energy Market ◽  
Energy Infrastructure ◽  
Cross Border ◽  
Stage Of Development ◽  
Legislative Changes ◽  
The Eu

Due to the strategic nature of the energy sector, legal solutions to protect cross-border electricity and gas connections will be of particular importance. The author realizes that at the present stage of development, the cross-border impact may also be manifested by generating units (e.g., wind farms) or even end users themselves. The lack of harmonized regulations in this area may not only lead to limitations in the physical supply of electricity and gas, but also affect future investment decisions regarding, for example, new generation capacities. In a broader aspect, it will delay, and in the extreme case prevent, the achievement of the objectives resulting from the EU energy policy, in particular integration within the single energy market. In this article, the author identifies devices and entities responsible for energy infrastructure that should be classified as necessary for the functioning of the single energy market. The research includes the analysis and evaluation of regulations governing cybersecurity in the energy sector, taking into account the interdependencies within, intersectoral and cross-border. In addition, the author refers to the need to introduce individual legal solutions regarding the protection of energy infrastructure.

scholarly journals The Use of Hierarchical Agglomeration Methods in Assessing the Polish Energy Market

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3958
Author(s):  
Anna Bluszcz ◽  
Anna Manowska
Keyword(s):  
European Union ◽  
Sustainable Development Goals ◽  
Energy Markets ◽  
Energy Market ◽  
The European Union ◽  
Strategic Decisions ◽  
Huge Impact ◽  
Development Goals ◽  
The Eu ◽  
Diagnostic Variables

Energy markets play an important role in achieving sustainable development goals. The sector of energy has a huge impact on the environment, hence changes in it are the highest priority in the European Union. The process of shaping and developing the internal energy market plays an important role in improving the security of supply of energy resources for the entire union. It requires a number of political negotiations, strategic decisions regarding energy liberalization, in particular, the electricity and gas sectors, as well as the adoption of sectoral legislation. The aim of the conducted research is to estimate the level of development of energy markets in the EU countries and to indicate the position of Poland in comparison to other countries. The research was performed in several stages. The first phase consisted of selecting appropriate diagnostic variables that comprehensively describe energy markets in countries belonging to the European Union. The next stage was collecting data, subjecting them to standardization, and then, based on the agglomeration algorithm, the process of dividing into groups of similar countries was carried out. The research results can be used as guidelines for legal regulations being prepared in the energy sectors of all member states, which can be used for selected clusters comprising similar countries in terms of the development of energy markets.

scholarly journals European Energy Law and its impact on Serbia progress, perspectives and possibilities

2012 ◽  
Vol 16 (suppl. 1) ◽  
pp. 17-22 ◽  
Author(s):  
Dietmar Reich
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Energy Sector ◽  
Energy Market ◽  
The European Union ◽  
Southeast Europe ◽  
Medium Term ◽  
Energy Community ◽  
Energy Law ◽  
The Eu

The European Energy Law will have great impact on Serbia and its renewable energy sector. The Energy Community is extending the European Union ("EU") internal energy market to Southeast Europe and beyond on the ground of legally binding treaty. Thus, Serbia, as a member of the Energy Community, has been committed to implement the relevant EU regulations concerning the energy sector step-by-step. Furthermore, the ability of Serbia to assume the obligations of membership is evaluated on the basis of the implementation of the EU Acquis. The energy sector? has been outlined by the European Commission as one of the fields where Serbia will have to undertake additional efforts to align with the acquis in the medium term. As the European Council granted Serbia the candidate status in March 2012, the EU will monitor the adoption of the EU Energy Acquis closely.

scholarly journals Vedat Yorucu and Özay Mehmet: The Southern Energy Corridor: Turkey’s Role in European Energy Security

2018 ◽  
Vol 53 (4) ◽  
pp. 47-49
Author(s):  
Martina Dočkalová
Keyword(s):  
Energy Security ◽  
Energy Market ◽  
Market Forces ◽  
Rational Behavior ◽  
East Mediterranean ◽  
Model Driven ◽  
Energy Hub ◽  
Regional Energy ◽  
Transit Country ◽  
The Eu

This book highlights the importance of Turkey in diversifying supplies in future European energy security, focusing in particular on the rapidly emerging southern energy corridor. Turkey, by its location, occupies a key role in this corridor, fed by hydrocarbon supplies from Russian, Caspian, east Mediterranean and Arab sources. The book examines Turkey's role as a transit country (in addition to its own growing domestic energy market) and it utilizes the latest evidence on the geopolitics of various pipelines which convergence on Turkey. The evidence, including maps, strongly favor Turkey as an energy hub within a regional energy model driven by rational behavior and market forces. The book recommends an increasing strategic energy cooperation between the EU and Turkey to maximize mutual interest.

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