| Authors: | Brunekreeft, Gert |
| Issue Date: | 16-Jun-2004 |
| Abstract: | Driven by fear of underinvestment in network assets, merchant investment in electricity transmission networks (MTI) is now legally allowed. Given that MTI is a real possibility, regulators face a new set of questions. After classifying different types of MTI, the paper raises and analyses regulatory questions, concentrating on the effect on competition, ownership questions, third-party-access regimes and must-offer provisions. Basically, the paper concludes that the light-handed approach of unregulated MTI supports a light-handed approach with respect to complementary measures as well. In many cases, it is justified to refrain from sector-specific arrangements because competition law, if necessary at all, will suffice. However, details matter. |
| URI: | http://www.dspace.cam.ac.uk/handle/1810/401 |
| Appears in Collections: | Cambridge Working Papers in Economics
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