From State to Market and Back: The Role of the Public Sector in the Energy Markets-The European Experience
Article from: OGEL 6 (2011), in Governance Issues
Introduction
Over the last couple of decades, the contemporary ideology behind energy market regulation in most western nations has been that the introduction of competition will contribute to security of supply. Energy will respond to the economic rules of the market, going where the prices are highest; its use, substitution and investments responding to prices. This paper will draw on the experience in the European Union ("EU") and discuss the question whether international competition and free markets can deliver investments and security of supply or whether public intervention and control is ...