Our study of hydropower regimes in European countries reveals the considerably variable terms of hydropower usage rights, in both their joint obligations and the degree of openness of the competition processes through which these rights are granted. The environmental and economic stakes and liabilities associated with the use of hydropower account for the in-depth public controls in granting these rights. Nevertheless, the strong differences among hydropower regimes in Europe cannot be explained by rational environmental or economic criteria while they bring competition distortion to the common European electricity market. Over the last decade, the European Commission has opened several infringement procedures to prompt the implementation of competitive processes. However, unfortunately, this has not been undertaken with a common 'European' approach, which would ensure similar efforts throughout Member States to open the competition process to access hydropower. The current discrepancies among Member States create obstacles for countries engaged in a competitive renewal process, as there is not a level playing field or a coherent European reference framework. Thus, the heterogeneous state of European hydropower regimes requires significant efforts from the European Commission, and the institutional stakeholders, to stimulate harmonisation. It would help if the Commission Directorates-General started debating the topic and coordinating their action. New, clear steps must be taken to prepare national and regional authorities to harmonise their rules of attribution and to mitigate competition distortions.
We examine the optimal behavior of carbon-emitting companies operating under the European Union Emission Trading System (EU ETS), under which firms are obliged to purchase emission permits on the secondary [...]
The Brief explores pathways to promote a sustainable agricultural trade regime for the EU. We identify three challenges and propose three potential paths forward. We discuss potential implications of the [...]
The rewable energy resources within EU27 are highly dominated by wind and solar energy delivering electricity as output. As electrification is the most efficient way to deliver the energy services [...]
Manufacturing firms in the EU face the double challenge of decarbonisation and (international) competitive pressure. Based on the key findings of the 2024 EIB investment survey and considering the economic [...]
Regulation 1370/2007, as amended by the Fourth Railway Package, set the date of 25 December 2023 for the opening to competition of services subject to public service obligations. As opposed [...]
This policy brief contends that a new approach to Long Term Contracts (LTCs) in European competition policy based on new facts, new realities and a revised reasoning must be urgently [...]
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