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Europe’s Energy Transition by Manuel Welsch

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Chapter 7

A Market-Based European Energy Policy

Aurélie Faure-Schuyer1, Manuel Welsch2 and Steve Pye3,    1Institut Français des Relations Internationales (IFRI), Brussels, Belgium,    2KTH Royal Institute of Technology, Stockholm, Sweden,    3University College London (UCL), London, United Kingdom

Abstract

European energy policy focuses on the opening of the energy market to ensure competition in generation, supply, and retail activities; and in this context on the reinforcement of cross-border interconnections. Despite such endeavors, regulatory structures remain fragmented, which is reflected by the disparity of energy prices inside the EU. A European dimension related to affordability and to the harmonization of national security of supply ...

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