Electricity Reform in Europe

Edited by Jean-Michel Glachant, Professor, Florence School of Regulation, EUI, Florence and Advisor, Technology University POLITO, Turin, Italy and François Lévêque, Professor of Law and Economics, École des mines de Paris, France

• Contents:Foreword: US vs EU Electricity Reforms AchievementPaul L. JoskowPART I: PROPOSALS FOR ACHIEVING THE EUROPEAN UNION ELECTRICITY MARKET BY 20091. The Electricity Internal Market in the European Union: What to do Next?Jean-Michel Glachant and François LévêquePART II: ASSESSMENT OF CORE ISSUES IN THE MAKING OF THE EUROPEAN UNION ELECTRICITY MARKET 2. Refining Market DesignDavid Newbery3. Addressing Market Power and Industry RestructuringLars Bergman4. Harmonizing an Effective Regulation in EuropeEinar Hope and Balbir Singh5. Ensuring EU Enlargement to New Member StatesChristian Von Hirchhausen and Georg Zachmann6. Investing for SustainabilityIgnacio Pérez-Arriaga and Julián Barquín 7. Policy Assessment and Good PracticesRichard Green, Arturo Lorenzoni, Yannick Pérez and Michael PollittPART III: IN-DEPTH STUDIES OF THREE CHALLENGES FOR THE EUROPEAN UNION ELECTRICITY MARKET (MEASURING MARKET POWER, CONVERGENCE OF WHOLESALE PRICES AND ENERGY POLICY)8. How Well Can One Measure Market Power in Restructured Electricity Systems?Yves Smeers9. The EU Integration of the New Member States’ Electricity Markets – Testing for Wholesale Price Convergence Using the Kalman Filter Georg Zachmann10. Long-Term Scenarios for the Strategic Energy Policy of the EUPantelis Capros and Leonidas MantzosPostface: Design and Regulation of EU Energy Markets – Between Competition Policy and Common Energy PolicyJorge VasconcelosIndex

'. . . this volume comes across as one of the most profound sources on the specifics of European electricity market restructuring.'