There is no fail-safe blueprint for the regulation of electricity grids. Even the most successful regulatory model may not deliver good results when applied to a specific country. There are at least three reasons for this. First, contrary to what is commonly assumed by the standard theory of regulation, national regulators, even within the EU, differ in administrative powers, financial endowment, staff and technical skills available. Second, transmission and distribution companies perform a set of different network tasks with their own economic and regulatory characteristics. Finally, the surrounding conditions are not the same everywhere but can widely differ for a variety of reasons (typology and distribution of generators and loads, stage of the investment cycle, interconnections with foreign networks, etc.). In this multi-faceted context, NRAs must pursue a workable regulatory alignment, able to match the most suitable regulatory tool with the characteristics of the targeted network task and the NRA’s capabilities.
On 19th March 2020, the European Commission adopted a Temporary Framework for State Aid measures, which is based on Article 107(3)(b)TFEU and complements other possibilities available to Member States to [...]
In 2020, the Florence School of Regulation (FSR) published a comprehensive study peer reviewing major analyses in the area of energy decarbonisation with the aim of giving a coherent interpretation [...]
This report was prepared to inform the Carbon Market Policy Dialogue (CMPD) between the European Commission, as the regulator of the EU Emissions Trading System, and the regulatory authorities for [...]
EU gas and electricity prices have increased rapidly over the last few months and reached unprecedented levels. While the recent energy price dynamics reflect current market conditions and have little [...]