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Energy International Cooperation

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Speech at the Conference on "Energy policy consideration - The urgency of international cooperation" in Ljubljana, 19 May 2014

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Energy International Cooperation

  1. 1. Ljubljana 19 May 2014 Prof. Jean-Michel Glachant Director Florence School of Regulation 1
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  3. 3. European frame for internal cooperation • A single energy market: free entry - eligible consumers – infrastructure TPA + Unbundling – TPA Exemptions- EU Grid Codes – EU TYNDP ------------------------------------------------------- • A single Competition Policy: exclusive competence DG –against National Regulators • Common Trade Border: tariffs and non tariff barriers – vs - Investment projects & Supply contracts ------------------------------------------------------- • External Relations: if countries agree one voice abroad – vs- mute if not single one • Renewables Policy: If countries agree (Berlin 2007) One 20-20-20 in 2020 – vs If not no policy after 2020 – vs State Aid “Competition coup” EU Court & DG COMP RES guidelines ------------------------------------------------------- • SOS Policy: (Lisbon Treaty 2007) if countries agree– 2009 Gas Regulation –Vs No Power Regulation –PCIs & Infrastructure Package 2013-Beyond? 3
  4. 4. European frame for external cooperation • All EU internal market: (except Agriculture & Fisheries) “European Economic Area” (Norway; Switzerland) • All EU Internal Energy Market: (only internal market)“Energy Community” (8 South-East countries / Turkey Observer) – • EU Renewables Policy: ? Vs ?? • EU Security of Supply Policy: ? Vs ?? • EU Ad Hoc “Energy Charter” (1998): trade, transit, investment + Conflict Resolution (50 countries incl. Russia & Turkey) Full international treaty • EU Ad Hoc : “Stabilization & Association Process” (countries Balkans) – ? Vs ?? • EU Ad Hoc : “Neighborhood Policy” (6 ex-SSSR countries + 10 Mediterranean) – ? Vs ?? • EU Ad Hoc : “Common Spaces” (Russia) – ? Vs ?? • EU Ad Hoc : “Africa- EU energy partnership” (energy + development) – ? Vs ?? 4
  5. 5. External cooperation & EU Security of Supply • (EC: Trade tariffs & barriers) vs (MS: Investment Projects & Supply Contracts) • Infrastructures TPA & Unbundling // Exemptions • Long Term Supply Contracts & Destination Clauses // Internal Market & Competition Policy • Mergers & Acquisitions; subsidiaries; cross-shareholding // Internal Market & Competition Policy + Energy Charter or Association Agreement ------------------------------------------------------------------------------------------------------------------- ¤ >> COMMISSION has mainly VETO POWERS; limited positive powers = bargaining ------------------------------------------------------------------------------------------------------------------- ¤ SUPPLY CONTRACTS and M&As // ¤ EXTERNAL – INTERNAL INFRASTRUCTURES (Nabucco) 10bn Eur & 30bn M3 North Stream 6bn Eur & 60bn M3 (Germany – NL – Fr) South Stream 9bn Eur & 60bn M3 (Italy – Fr) TAP 10 to 20bn M3 (BP / Italy & Greece) 5
  6. 6. External cooperation & EU Renewables • (EC: RES Directive) vs (MS: Investment Projects & Supply Contracts) • RES Directive article 9: IF RES is imported and consumed inside the EU = External (Certification; Measurement; traceability : Transport & Transit ) + Internal (Cross-border capacity allocation; congestion mechanism; nomination & balancing) ------------------------------------------------------------------------------------------------------------------- • Infrastructures TPA & Unbundling // Exemptions • Long Term Supply Contracts & Renewables Support Schemes // Internal Market & Competition Policy • Mergers & Acquisitions; subsidiaries; cross-shareholding // Internal Market & Competition Policy + Energy Charter or Association Agreement ------------------------------------------------------------------------------------------------------------------- ¤ >> COMMISSION has mainly VETO POWERS ¤ No country implementation yet (as far as I know) 6
  7. 7. Conclusions: single voice from two angels… 7
  8. 8. 8 Thank you for your attention Email contact: jean-michel.glachant@eui.eu Follow me on Twitter: @JMGlachant Read the Journal I am chief-editor of: EEEP “Economics of Energy & Environmental Policy” My web site: http://www.florence-school.eu

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