Παρουσίαση/Προβολή

The basic principles governing competition in energy markets are examined in this course, along with the strategies implemented either by government bodies or businesses and the institutions that apply. With an interdisciplinary approach, there are further examined the law and economics of the transition from monopoly to the competitive structure of energy markets with a focus on electricity and gas markets under the current regulatory and legal framework. The protection and promotion of competition in energy markets are envisioned not only as a legal principle but rather as an important tool for achieving economic integration and market efficiency. The growth of enterprises through mergers and acquisitions, in order to respond to increasing competition and exploit economies of scale, makes administrative decisions complex and requires the establishment of an adequate and rational strategy. Finally, there are examined the key liberalization models and key institutions of competition policy. 

The aim of this course is to introduce some of the key competition law cases focused on the energy sector as well as a review of the concepts and techniques used by the authorities or the tribunals to assess the competition issues at hand. The sample of cases includes mergers and anti-competitive practices (antitrust). This course focuses on the application of the economic theories and the empirical techniques studied earlier in the academic year to these cases. Many of the cases in this course were decided by the European Commission, including some of the landmark cases that have also been before the European Courts. We will also look at competition cases in other jurisdictions (e.g. Germany, U.S, UK). 

During this course students will present competition cases, representing the position of either the competition authority (or the plaintiff) or the position of the parties (or the defendant). Students will be assessed mainly on their performance when presenting cases. Student performance includes how they present the economic argument at issues, both orally and on the slides as well as their ability to answer questions.