THE EUROPEAN ENERGY POLICY – A FRAMEWORK FOR DECREASING THE GAP BETWEEN MEMBER STATES. IS THE ENERGY MARKET LIBERALIZATION A SUSTAINABLE APPROACH OR AN ONGOING RISK?

Andrada Văsii ()

Europolity – Continuity and Change in European Governance - New Series, 2017, vol. 11, issue 1, 21

Abstract: Energy independence was a long-time dream of European Member States, thus numerous regulations and actions were designed specific for its implementation. In a society characterized by constant evolution, energy independence is regarded as a proof of the existence of coherent supranational strategies, but also as a necessary effort that is to be unravelled at national level. Unlike the first actions in the energy sector, the current market is the expression of a competitive space that has adapted an approach depending upon efficiency and sustainability. In this paper, I present, using a macro-level approach, the transformations of the European energy market and the challenges that arise. I examine both the actions that lead to the liberalization efforts, as well as the disparities that characterize the Member States involved in this process. Therefore, I question the process of liberalization of the energy market as being a straight-forward one and I investigate the variables (such as types of energy and national energy strategies) that directly influence this process. This aim of this paper is to offer insights, using both a quantitative and a qualitative approach, in the way in which the liberalization process ought to occur, and elaborate on the country-specific factors that affect it, making liberalization a process characterized by vulnerabilities.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:epl:eplnew:y:2017:v:11:i:1:p:151-171

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