"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

I intend to draw on several academic articles, in conjunction with sources from the Financial times and EU web sites.

In my essay, I wanted to attempt to take a different slant on the liberalisation process. I feel that it is an area that could prove to be troublesome down the line if not approached with great care. The repercussions of a failed attempt at liberalization, as is the case in California to an extent, could prove monumental in its effects, considering the great dependency almost all thing have on electricity.

Some common words found in the essay are:
Transmission Grids, Competition Authority, Times March, Index MMI, Crisis Newberg, Treaty Rome, Times April, Patrick Massey, Internal Market, Financial Times, market power, financial times, electricity market, transmission grids, liberalization electricity, liberalization electricity market, regulate regulators, electricity industry, excess capacity, 'electricity islands', natural monopoly, eu wide liberalization, wide liberalization electricity, lack physical infrastructure, internal energy market,
Approximate Word count = 2324
Approximate Pages = 9 (250 words per page double spaced)