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欧洲能源管理系统的留学assignment代写(3)

时间:2014-10-22 16:32来源:www.ukassignment.org 编辑:yangcheng 点击:
4.1.2 Independence from the Industries/ Companies This is also called Economic Capture. The industry is also a hindrance to the independence of the regulator. However, capture by the industry is achie

 
4.1.2 Independence from the Industries/ Companies
This is also called ‘Economic Capture’. The industry is also a hindrance to the independence of the regulator. However, capture by the industry is achieved directly from the information system. The regulators are dependent on the information derived from the industry to work effectively. Once this information is hoarded from the regulators, they cannot perform their duties efficiently. This is also called ‘Asymmetrical Capture’. This type of capture is common in the electricity sector whereby regulators are denied from obtaining the specific cost of building a new generating power plant. The only way to avoid this type of capture is by establishing the use of ‘Bid Auction’. Also where there are numerous operators/participants, the regulator can have as many information where it then can draw it conclusion from.
 
Finally, the regulator should be given a legal power to investigate any sector of the industry without restriction.
 
4.1.3 Independence from Consumers
This is the least common means of capture, but when it occurs it is very difficult to identify and resolve. An example of consumer capture is where the regulation is lured into reducing tariffs which ideally should not be reduced. This was the situation in the UK where there was an issue of surge in the household price of gas. In such a situation, persisting pressure from consumers would drive the regulator into making an improper action which would be detrimental to the market.
 
5 HOW EFFECTIVE AND INDEPENDENT ARE THE EU REGULATORS?
 
The directive directs the commission to publish and tender reports on market structure and market performance. The level of success of the market depends solely on the efficiency and independence of the regulator to effectively regulate the market. Before this can succeed, the following must be attributed to the regulator, Flexibility, transparency, enforcement powers, accountability.
 
6 CONCLUSIONS
 
The success of an internal energy market depends on how independent the regulators is, an establishment of a single regulator, adequate market opening and full liberalization of the market.
 
According to Peter Freeman, outlining the relationship between competition and regulation concluded that competition policy straightens up the unending question of whether regulation is needed or not in a liberalized internal energy market. [45]
 
However, the IEM is still in progress and would archive its major aim as the energy sector gains full independence, although the achievement of independent regulator is slow in progress, we hope that in the near future the energy sector would have regulators who are independent and efficient. My recommendation is that the commission should frequently organize seminars and workshop for regulators to expose them to recent happenings in the sector and find absolute solution to them.
 


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