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deep-isos and network investment

 
Titel
Deep-ISOs and Network Investment
Type
artikel vakblad
Referentie

Balmert, D. and Brunekreeft, G. (2010), Deep-ISOs and Network Investment. In: Competition and Regulation in Network Industries, Vol. 11, No.1

Auteurs
David Balmert
 
Gert Brunekreeft
Beschrijving

Further unbundling measures are currently implemented in the European energy markets. One option is the "deep independent system operator" (deep-ISO). An ISO splits the system operator from transmission ownership, which can remain integrated with g...eneration assets, if so desired. This construction avoids violation of constitutional law, but does not address the "strategic-investment-withholding" argument. Therefore, a deep-ISO receives the competence for transmission investment decision making and can if necessary order a transmission owner to make the investment. This construction creates an uneasy governance split between decision-maker and risk-bearer. In this paper, we discuss the scope of the deep-ISO and the role of third parties in decentralised transmission investment, in particular "tendered transmission investment", to address the above mentioned governance problem.

Projecten
UNECOM - Unbundling of Energy Companies

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