More than one way to crack a nut - the role of legislation and competition regulation in energy market liberalisation
Liberalisation of the gas and electricity markets
In 1988 the European Commission published a far-reaching white paper calling for the liberalisation of the gas and electricity markets within the EU. This was a huge change, as up to that point the national gas and electricity markets were dominated by vertically integrated firms and typically with local or regional monopolies. Wishing to compete on energy costs with North America, where gas market liberalisation had cut prices significantly, the Commission introduced draft liberalisation directives in the early 1990s. The key elements of these directives included:
Read the rest of this article.Welcome to the February issue of MZINE
We have a packed issue of MZINE this month for you, firstly we have are article on liberalisation. Our courses continue throughout March with our EU gas and electric along with 21st Centrury gas regulation taking place in Oxford. In a first for MZINE readers this month you can enter yourself into our prize draw to win an Iphone, simply by completing the online questionnaire.To round of this month we have Derek's cartoon.
Courses from MJMEnergy in March 2010
Liberalisation,regulation, investment and security of supply are major drivers in European energy markets these days. In March 2010 MJMEnergy has three enlightening courses to help delegates understand and operate in the changing energy industry.
Read the rest of this article.Win an Iphone!
MJMEnergy are always looking at
new ways to serve the energy industry. At the
moment we’re developing our online
training services. If you would like the
opportunity to help us by answering a few
questions and be entered into a draw to win a
brand new Apple iPhone then click herewww.mjmenergy.com/On_line/quest/.
We value your opinion so everyone who completes
this questionnaire will also be sent a one time
use £100 discount voucher that can be
used against any of our public training
courses.| 8th & 9th March | EU Gas Markets | The EU Gas Market two-day seminar is an ideal overview of the current realities, and future possibilities, of gas in Europe. Gas markets across Europe have changed dramatically over the last decade as market liberalisation, privatisation, structural change and changing supply/demand dynamics have replaced the status quo of European gas. |
| 10th & 11th March | EU Electricity Markets | Electricity markets across Europe have changed dramatically over the last decade as market liberalisation, privatisation, structural change and changing power generation dynamics have replaced the status quo of European energy. |
| 22nd March | 21st Century Gas Regulation | This three-day course has been specifically developed by MJMEnergy in order to explain both the background and practice of gas market regulation as well as providing suitable tools and intellectual and practical frameworks for parties involved in 21st Century gas regulation. |
| 14th April | Gas Storage | As the UK and Europe as a whole become increasingly dependent on gas imports and as trading markets develop, gas storage is becoming an increasing important tool for players in the liberalising markets of the UK and Europe. |
| 21st April | UK Gas Markets | The UK has the most liberalised gas market in the world, and has seen almost continual change and development from 1990 to the present day, with further changes expected due to ongoing market evolution and the forecast UK gas gap. |
| 28th April | Network Code | For more than a decade, the Network Code has been the cornerstone of the successful competitive gas market in Britain , and has become a model for the creation of third party access regimes in many other liberalising markets |
| 29th April | Emissions Trading | Carbon emissions trading is now a global activity, but many companies are still unsure what the impact will be. Understanding this new, complex and rapidly-developing market is essential for anybody whose business is affected by the price of carbon. |
| 30th April | UK Gas & Power | This one-day course provides a clear overview of the UK gas and electricity industries and is an ideal introduction for staff without a background in the energy sector. |
All of our courses are CPD accredited by
IGEM (The Institute of Gas Engineers and
Managers) and The Solicitor's Regulation
Authority. Attendance may also contribute
to meeting requirements under the terms of
the ICAEW's CPD policy for accountants.
(Visit www.icaew.co.uk
for full details).
