Detail publikace

Liberalisation of Natural Gas Market – EU Vision vs. Reality

Typ: IES Occassional Papers
Rok: 2009
Číslo: 2
Publikováno v: IES Occassional Paper 2/2009
Místo vydání: Prague
Klíčová slova: gas sector, liberalisation, unbundling, market structure, market performance, European Union, Czech Republic
JEL kódy: G34, L1, L43, L95
Citace: Slabá , M. (2009). “ Liberalisation of Natural Gas Market – EU Vision vs. Reality ” IES Occassional Paper 2/2009. IES FSV. Charles University.
Abstrakt: In the article, I focus on the goal of creating a single competitive European natural
gas market. After a brief discourse on the debate between theoretical and practical
economists on the best mode to liberalise the energy sector, I lay out the vision of
the European Union for gas market liberalisation and its outcome. With the help of
a case study from the Czech Republic, I explain that the competencies of the
European Union to reach its goals in a sufficient way are limited and, moreover,
that EU reforms may even create unintended, negative side effects, which in some
cases deliver less benefits than costs. The cause is the basic features – or the “nature”
- of the gas market and the different institutional settings of each member state
within which liberalisation has been implemented. The third package of legislation
introduced by the European Commission in September 2007 should boost the single
competitive market. Proposed provisions influence legal and regulatory rules and
have an impact on market structure; however, none of these provisions have the
power to change the key characteristics of the gas market, which remain the real
source of the problem, namely the lack of self-sufficiency of the EU with regard to
sources of natural gas and the oligopoly nature of important gas producers out of
reach of EU legislation. The impossibility to change these key characteristics of the
gas market indicates that a more important challenge than the third package will be
active foreign policy of the EU, aimed either at opening markets beyond the EU
border or at protecting fragile competition.
Ke stažení: OP 2009_02_Slaba


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