Influence of Regulations on Market Efficiency from the Viewpoint of High-efficiency Cogeneration
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Abstract
Formation of a common European energy market implies the necessity of making adjustments to domestic law and adopting market development possibilities in order to meet European Union regulations. Implementation of system support to develop high-efficiency cogeneration was one of those aspects. Several years of such a mechanism functioning allow one to: analyze those regulations and their impact on sub-sector development, make a deep cost analysis and discuss its continuation in the future as well. Taking into account the background of implementation of EU regulations, this paper presents the results of volume-price estimations, current trends, evaluation of property rights regulated in the system, the analysis of market participants’ behaviours, as well as legal issues within this context.
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References
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