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Podcast


Energy Union Law

brexit

Podcast

3.10.2018

The Irish Question: Brexit and the I-SEM

Brexit, the Irish Border and the All-island Single Electricity Market in Ireland: Challenges for EU Energy Policy and Cross-jurisdictional Regulatory Governance In this podcast, Dr. […] read more

Electricity

Podcast

17.07.2018

The FSR Director at IIEA | Listen to the podcast presentation from Dublin!

On 16 July 2018, the FSR Director gave a presentation at the Institute of International & European Affairs, Ireland’s leading think tank on European and International affairs. […] read more

Energy Union Law

spider net

Podcast

26.06.2018

Capacity Withdrawals in Electricity Wholesale Markets – Competition & Regulation

In this podcast, Panagiotis Tsangaris, alumnus of the Max Planck Institute for Innovation and Competition, discusses the competition law and regulation issues that arise as […] read more

Energy Union Law

Brexit

Podcast

12.02.2018

Brexit & the Euratom Treaty, by Silke Goldberg

The Euratom Treaty, signed in Rome on 25 March 1957, established the European Atomic Energy Community, alongside the European Economic Community (EEC). Its function is […] read more

Energy Policy

Ensuring competitiveness and integrity of wholesale energy markets: the regulators’ view | Podcast with Clara Poletti

Competitiveness of wholesale energy markets is a fundamental goal of the EU since more than 20 years. Recently, specific pieces of legislation like REMIT have […] read more

Energy Union Law

opal-gas-pipeline

Podcast

15.01.2018

The Opal Gas Pipeline

In this podcast, Szymon Zaręba from the Polish Institute of International Affairs discusses the legislative developments surrounding the controversial Opal gas pipeline. The Opal pipeline […] read more

Electricity

Restructuring the electricity industry in emerging countries

Insights from Thanawadee Jaem On and Nicha Saiped During the Executive Course to master Electricity Markets, the FSR Lights on Women team organised an interview with […] read more

Energy Union Law

Podcast

12.12.2017

Ukraine’s Independent National Energy Regulator

In 2016, Ukraine proposed for the re-establishment of an independent national energy and utilities regulatory body. The Draft Law No 2966-d, “On the National Commission […] read more

Energy Union Law

cross border

Podcast

4.12.2017

The Danish-German Cross-Border Auctions on Solar PV

In this podcast, Dijana Dmitruk, legal advisor of the Danish Energy Agency, discusses the Danish-German cooperation agreement for mutually opened auctions of solar photovoltaics (PVs). […] read more

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spider net

Capacity Withdrawals in Electricity Wholesale Markets – Competition & Regulation

- Energy Union Law

In this podcast, Panagiotis Tsangaris, alumnus of the Max Planck Institute for Innovation and Competition, discusses the competition law and regulation issues that arise as a result of capacity withdrawals in the electricity wholesale markets, exploring the application of Article 102 TFEU and the terms of Regulation 1227/2011 (REMIT).

In electricity wholesale markets, market power is mainly exercised either by withdrawing generation capacity (physical withdrawal) or by pricing it above competitive levels (economic withdrawal) in order to achieve a higher market price and, thereby, increase revenue. Inevitably, capacity withdrawal practices can be damaging for both the market and consumers. Thus, the ability of competent authorities to intervene against practices of physical and economic withholding of capacity is crucial. As with any other form of market abuse, the physical and economic withholding of capacity is subject to the application of competition law, in particular Article 102 TFEU. In addition, Regulation 1227/2011 on wholesale market integrity and transparency (REMIT) also enhances transparency in wholesale energy markets and prohibits any acts of market manipulation on wholesale energy markets and may be turned to in order to deal with capacity withdrawal practices. Panagiotis Tsangaris discusses the scope and application of both, as well as the roles of ACER and the NRAs in monitoring the markets, the definition and geographic delineation of the markets in an increasingly interconnected and integrated market across Europe, and the challenges of determining market dominance.

For more, you can see Panagiotis Tsangaris’ recent publication.