The dangers of EU electricity liberalisation
The European Union: A New Model of Governance“An investigation in to some of the factors which pose a threat to the implementation of a successful EU wide liberalization of the electricity market”, The basis for my essay was formed by David M. Newberg’s article entitled ‘problems of liberalising the electricity industry’. Newberg highlights the dangers of liberalisation, and points out that it could actually lead to higher prices. He draws a parallel between the European Commission’s attempt to update the electricity objectives to under-write unbundling and full liberalisation, with the Californian Electricity Crisis. Newberg cites issues such as the lack of legislative and regulatory power the EU possess in order to mitigate generator market power. He also addresses the area of transmission and transmission capacity, and the bearings they could have on successful liberalisation. I would join Newberg’s stance on the grave danger which liberalisation could present if not handled in a very skilled and astute manner by the relevant authorities. In addition to Newberg’s worries, I will present some additional potential obstacles the EU will confront along the route to full liberali
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Some common words found in the essay are:
Natural Monopoly, Competition Authority, Times March, Index MMI, Crisis Newberg, Times April, Treaty Rome, Patrick Massey, Internal Market, Financial Times, market power, financial times, electricity market, natural monopoly, transmission grids, liberalization electricity, electricity industry, liberalization electricity market, regulate regulators, electricity islands, completing internal, lack physical infrastructure, wide liberalization electricity, eu wide liberalization, question regulate regulators,
Approximate Word count = 2324
Approximate Pages = 9 (250 words per page double spaced)
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