The UK model of incentive regulation of power grids was at one time the most advanced, and elements of it were adopted throughout the EU. This model worked well, particularly in the context of limited investment and innovation, a single and strong regulatory authority, and limited coordination between foreign grid operators. This enlightening book demonstrates how the landscape has changed markedly since 2010 and that regulation has had to work hard to catch up and evolve.
As the EU enters a wave of investment and an era of new services and innovation, this has created growing tensions between national regulatory authorities in terms of coordinating technical standards and distribution systems. This is being played out against an increasingly disruptive backdrop of digitization, new market platforms and novel business models. Electricity Network Regulation in the EU adopts a truly European approach to the complex issues surrounding the topic, focusing on the grey areas and critical questions that have traditionally been difficult to answer. Incentive regulation and grids are addressed simultaneously at the theoretical and practical level, providing the reader with fundamental concepts and concrete examples.
This timely book is an invaluable read for energy practitioners working in utility companies, regulators and other public bodies. It will also appeal to academics involved in the world of electricity regulation. The book utilizes language that would make it suitable for interdisciplinary students, including engineering and law scholars.