Energy Market Transparency And Regulation

Author : United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.54/5 ( download)

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Download or read book Energy Market Transparency and Regulation written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy and published by . This book was released on 2009 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States Congress Senate Committee
Publisher : Scholar's Choice
ISBN 13 : 9781296012984
Total Pages : 52 pages
Book Rating : 4.80/5 ( download)

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Download or read book Energy Market Transparency and Regulation - Scholar's Choice Edition written by United States Congress Senate Committee and published by Scholar's Choice. This book was released on 2015-02-14 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : Huseyin Cagri Corlu
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041196048
Total Pages : 314 pages
Book Rating : 4.40/5 ( download)

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Download or read book Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law written by Huseyin Cagri Corlu and published by Kluwer Law International B.V.. This book was released on 2018-06-05 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the course of energy liberalisation, electricity and natural gas contracts have been separated from physical delivery, and these contracts are now traded as commodities in multilateral trading facilities. Although designed to render energy trading standardised and efficient, this system raises serious questions as to whether existing regulatory and antitrust provisions are sufficient to address market abuses that cause imbalances in demand and supply. The European Union’s (EU’s) Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), adopted to combat such market manipulation, is still lacking in significant case law to bolster its effectiveness. Addressing this gap, this invaluable book provides the first in-depth analysis of market manipulation in the energy sector, offering a deeply informed understanding of the new anti-manipulation rules and their implementation and enforcement. Focusing on practices that perpetrators employ to manipulate electricity and natural gas markets and the applicability of anti-manipulation rules to combat such practices, the analysis examines such issues and topics as the following: – factors and circumstances that determine when and what market misconduct can be subject to enforcement; – the European Commission’s criteria to determine whether a particular market is susceptible to regulation; – jurisdiction of REMIT and the Market Abuse Regulation (MAR) with respect to the prohibitions of insider trading in financial wholesale energy markets; – to what extent anti-manipulation rules and EU competition law may be applied concurrently; and – types of physical and financial instruments that market participants have employed in devising their manipulative schemes. Because market manipulation is rather new in the EU context but has been prohibited and prosecuted under US law for over a century, much of the case law analysis is from the United States and greatly clarifies how anti-manipulation rules may be enforced. A concluding chapter offers policy recommendations to mitigate legal uncertainties arising from REMIT. Energy market participants, such as energy producers, wholesale suppliers, traders, transmission system operators and their counsel, and legal practitioners in the field will welcome this book’s extensive legal analysis and its clear demarcation of the objectives that REMIT seeks to accomplish with respect to energy market liberalisation.

Author : United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.26/5 ( download)

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Download or read book Energy Market Transparency and Regulation written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy and published by . This book was released on 2009 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Peter D. Cameron
Publisher : Oxford University Press, USA
ISBN 13 : 9780198257707
Total Pages : 544 pages
Book Rating : 4.08/5 ( download)

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Download or read book Competition in Energy Markets written by Peter D. Cameron and published by Oxford University Press, USA. This book was released on 2002 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have seen a major growth in the European law concerning the operation of the energy industry, especially with respect to electricity and gas. Several directives have been adopted that are aimed at the promotion of competition in this key sector of the European economy. At thesame time, the jurisprudence of the European Court had developed further on matters such as access to networks, import and export monopolies and security of supply.In this book the authors examine the principal legislation, Treaty provisions and decisions of the Court of Justice and Court of First Instance of the EU as they related to the promotion of competition in European energy markets. In particular, two chapters are devoted to a detailed analysis of theprovisions of the two directives that set out common rules for the creation of an internal market in the electricity and gas sectors. In each case, the analysis is set in the context of the various programmes of energy market liberalization and privatization in the Member States, which aresummarized in this book. However, the authors also take the wider pan-European context into account, explaining the requirements and the implications of the European Economic Area Agreement, the Energy Charter Treaty and the Europe Agreements with countries of Central and Eastern Europe.The approach adopted by the authors is both analytical and historical. They locate the legislation in the context of the EU Internal Market programme that began in the late 1980s and explain the roles played by the various parties (energy industries, consumers and EU institutions) in shaping thefinal legislation. Importantly, they explain how the framework character of the energy directives has led to further important rule-making in the implementation of the directives across the EU. They conclude that a co-ordinated response between the European Commission and the national regulatorswill be essential to resolve problems arising in the transition to a competitive energy market in the EU.

Author : Great Britain
Publisher :
ISBN 13 : 9780111127674
Total Pages : 12 pages
Book Rating : 4.7X/5 ( download)

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Download or read book The Electricity and Gas (Market Integrity and Transparency) (Criminal Sanctions) Regulations 2015 written by Great Britain and published by . This book was released on 2015-01-26 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enabling power: European Communities Act 1972, s. 2 (2). Issued: 26.01.2015. Made: -. Laid: -. Coming into force: In accord. with reg. 1. Effect: S.I. 2013/208 (NI), 1389 amended. Territorial extent & classification: E/W/S/NI. These Regulations extend to the UK and create criminal offences for two sets of prohibitions in Regulation (EU) no. 1227/2011 on wholesale energy market integrity and transparency, those for insider dealing (Article 3) and for market manipulation (Article 5). Superseded by 2015/979 (ISBN 9780111136126) issued 01/04/15

Author : Glachant, Jean-Michel
Publisher : Edward Elgar Publishing
ISBN 13 : 1788979958
Total Pages : 672 pages
Book Rating : 4.55/5 ( download)

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Download or read book Handbook on Electricity Markets written by Glachant, Jean-Michel and published by Edward Elgar Publishing. This book was released on 2021-11-12 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Author : Great Britain
Publisher :
ISBN 13 : 9780111134849
Total Pages : 8 pages
Book Rating : 4.46/5 ( download)

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Download or read book The Electricity and Gas (Market Integrity and Transparency) (Enforcement Etc. ) (Amendment) Regulations 2015 written by Great Britain and published by . This book was released on 2015-03-30 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enabling power: European Communities Act 1972, s. 2 (2). Issued: 30.03.2015. Made: 23.03.2015. Laid: 25.03.2015. Coming into force: 01.07.2015. Effect: 2000 c. 27 & S.I. 2013/1389 amended. Territorial extent & classification: E/W/S. General. EC note: These regulations give effect to arts 13, 14, & 18 of Regulation (EU) no. 1227/2011 on wholesale energy market integrity and transparency

Author : Odd-Harald B. Wasenden
Publisher : J W Cappelens Forlag As, Norway
ISBN 13 : 9788202276447
Total Pages : 0 pages
Book Rating : 4.46/5 ( download)

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Download or read book EU Market Abuse Regulation in Energy Markets written by Odd-Harald B. Wasenden and published by J W Cappelens Forlag As, Norway. This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of the application of the EU Market Abuse Directive to energy markets. The main provisions of the Market Abuse Directive are the prohibition of insider trading and market manipulation. Due to the close link between market abuse regulation and the need for transparency, this book also covers regulations concerning the disclosure of information. Following the liberalisation of the European energy markets, energy trading has become a significant growth industry. Trading in electricity and gas takes place both bilaterally and through organised marketplaces. In addition to trading in electricity and gas for physical delivery, financial trading - in commodity derivatives contracts related to the underlying commodities -- has become increasingly important. This financial trading allows participants in the physical markets to hedge physical positions. The financial markets are therefore closely linked to the physical markets. In addition, financial energy markets provide opportunities for speculation, which highlights the similarities between these markets and other financial markets. The market abuse regulation applies to trading in financial instruments admitted to trading on so-called regulated markets. Regulated markets for electricity and gas contracts have been established in several European countries and are becoming increasingly important. The market abuse regulation constitutes part of the regulation of financial markets. However, the information of relevance to financial energy markets is generally connected to conditions in the underlying physical markets, and is therefore regulated by the authorities responsible for overseeing the physical markets. Thus, the subjects covered in this book can be seen as a separate field of law -- energy market law -- which combines the traditional disciplines of energy law and stock exchange/securities law. Both the markets and the regulations are experiencing rapid developments. In addition to analysing the provisions already in force, this book also provides a normative contribution to the development of this discipline of law.

Author : Ziya Baghirzade
Publisher : GRIN Verlag
ISBN 13 : 3656725764
Total Pages : 21 pages
Book Rating : 4.63/5 ( download)

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Download or read book The 3rd Energy Package. Benefits and deficits of the Ownership Unbundling written by Ziya Baghirzade and published by GRIN Verlag. This book was released on 2014-08-22 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2014 in the subject Law - Civil / Private, Trade, Anti Trust Law, Business Law, grade: 2.0, Free University of Berlin, course: Master degree, language: English, abstract: Achieving a genuine internal energy market is a priority goal for the European Union. The internal energy market is made up of the European gas and electricity markets. It has been the subject of several successive sets of directives and regulations, grouped into “legislative packages”. There have been three such packages up to now, put together by the European Parliament and the European Union Council, which establish common rules for the internal energy market for all Member States. In 2007, the European Commission drew up an assessment report on the internal market based on a sector-specific survey of the gas and electricity markets. It concluded that there were still numerous deficiencies preventing both consumers and the industry from fully reaping the benefits of open national markets. The Commission then announced that a 3rd legislative package would be introduced to reinforce the rules so far adopted. The aim of 3rd Energy Package which was adopted in 2009 was to make the energy market fully effective and to create a single EU gas and electricity market. This would help to keep prices as low as possible and increase standards of service and security of supply. The most important proposal of the "3rd Energy Package" is "ownership unbundling" - separating the operation of gas pipelines and electricity networks from the business of providing gas or generating power. The purpose of ownership unbundling is to promote an open and transparent market, non-discriminatory access to networks and a level playing field. The idea is to combat cross-subsidization between generation/supply and networks, including exchange of strategic information, to ensure both undistorted competition in electricity and gas markets and sufficient investment in networks. Therefore, in order to value the importance of the Third energy package for ensuring effective competition the principles of ownership unbundling should be precisely discussed. Thus in the first part of this paper general information about Third Energy Package will be given and brief description of principles, benefits and deficits of the ownership unbundling will be discussed in the following parts respectively. The conclusion part answers the question whether existence of the ownership unbundling, as a main part of the 3rd Energy Package is sufficient to ensure effective competition or not.