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How to rationalize the debate about "EU Energy Third Package"?

April 2009

RSCAS working papers, Loyola de Palacio Energy Policy Programme

Article written with Jean-Michel Glachant.

This article develops a theoretical framework to rank different electricity transmission organizations according to five criteria (transaction cost saving, performance based regulation implementation, conflicts of interest, non-discriminatory access and benefits from regional integration). We demonstrate that ITSO is not always the first-best arrangement when taking into account the benefits from regional integration.

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