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There are two basic policy tools for promoting renewable
electricity: price regulation (feed-in tariffs) and quantity
regulation (green certificates). In economic theory, they are
equally efficient. Contrary to conventional thinking, the author
demonstrates that under real-world conditions, price regulation is
more efficient. EU law obliges Member States to put support schemes
in place, but leaves their design to national authorities. They
need, however, to comply with EU state aid and internal market
rules, and their financing may not result in import duties and
discriminatory taxation. This book provides a detailed analysis of
the decisions practice adopted by the Commission and the case law
of the Union Courts. As support schemes mature, has time not come
for putting an end to regulatory competition? With huge efficiency
gains to be expected, the author expertly examines the political
obstacles and sets out three different pathways to achieve EU-wide
harmonization.
There are two basic policy tools for promoting renewable
electricity: price regulation (feed-in tariffs) and quantity
regulation (green certificates). In economic theory, they are
equally efficient. Contrary to conventional thinking, the author
demonstrates that under real-world conditions, price regulation is
more efficient. EU law obliges Member States to put support schemes
in place, but leaves their design to national authorities. They
need, however, to comply with EU state aid and internal market
rules, and their financing may not result in import duties and
discriminatory taxation. This book provides a detailed analysis of
the decisions practice adopted by the Commission and the case law
of the Union Courts. As support schemes mature, has time not come
for putting an end to regulatory competition? With huge efficiency
gains to be expected, the author expertly examines the political
obstacles and sets out three different pathways to achieve EU-wide
harmonization.
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