The European Energy Market Essay

In order to understand the evolvement of the Single Market of the European Union, one has to take the general background into consideration. Therefore, it is important to have a look at the Treaty on European Union (Maastricht Treaty) which gave birth to the creation of the Single Market. Having been the Common Market before the Maastricht treaty, the European Economic Community (EEC) Treaty already clarified the objective of cooperation between member states. Throughout the Single Market, those objectives should be transformed into reality.

This essay will detail the impact of EU liberalisation policy on the UK energy industry and relate this to a previous sample of a group of suppliers. This essay will discuss industry supplier concentration, oligopoly and monopolistic competition, the EU competition commission and potential single markets which are not yet subject to scrutiny by the competition commission.

The low price elasticity of demand for household energy given the lack of easy alternatives means that consumers will continue to purchase it even when prices rise drastically as we can see from extract A they did over the three year period. Furthermore the complex pricing structures in the energy market make it difficult for consumers to exercise any consumer sovereignty because they lack the information or indeed don’t know how to interpret it, to make a decision which is in their best interest.

The European Union is now taking over Europe! The European Union is the way to keep most countries on each other's side. The European Union started after Europe was destroyed after two world wars. Six countries decided to work together and create a union. Now, the European Union consists of 28 countries, (64% of Europe) and has many candidates who are financially stable. The European Union has divided Europe in culture and politics.

Creating a single European market consensus of all EU policies. This is the main, whereby, if a company is allowed to do under the rules, a Member State of legislation something that the rules should therefore in the implementation of all EU Member States and the principles of a free trade area allowed. This reality can be different ways to view. EU member states must agree to the implementation of their policies could. The European single act of BP deal will mean more effective through the entire subsidy based on different Member States. For the command economies of scale allow them to accept a greater range, it will be cheaper.

At the beginning of the year the President of the United States announced that the United States was in the middle of a nation wide energy crisis. The President gave many solutions including using more solar and wind energy, nuclear power, and drilling in the Arctic National Wildlife Refuge (ANWR). The President told the American people that they would have to watch their energy use and conserve as much as possible. Gas prices reached $2 per gallon in the Midwest for the second straight summer, and California continued to be hit by unprecedented power woes that forced rolling blackouts. The price of crude oil rose sharply, from around $10 a barrel to a peak of $37. The

Regulation is the EU’s core responsibility in the Internal Market. To make the Internal Market function properly, both EU regulation and changes in national regulation have to be enforced. It is in the EU

Since 2004 the UK has been a net importer of natural gas, as the North Sea reserves have been exploited and nearly exhausted. Today, ten years later, the UK has become even more dependent on foreign gas with over 50% of demand for gas satisfied by foreign supply (Gloystein, 2013). This increasing dependence on foreign countries is a worrying trend, due to the adverse effects it can have, which include being subjected to price shocks, supply shortages and manipulation both economically and politically. Energy insecurity has arisen through a lack of investment in other

Outside the United States, pre-merger filings for qualifying transactions may be made with various national antitrust enforcement agencies. Among European Union (EU) member countries, the European Commission (EC) has exclusive authority to conduct antitrust reviews for transactions meeting its mandatory filing requirements. A national antitrust agency in the EU may request that the EC refer merger review to it, where a transaction may have distinct effects on competition in the member country.

With deregulation, consumers are now allowed to pick who the utility company purchases energy from. The utility company still owns the grids and still brings the energy to the building. The consumer can now choose which company based on lowest price. Competition within any industry drives prices down which means savings for the consumer and a more level playing field for up and coming producers.

According to research, 80 % of the Energy sector is owned and operated by the private sector, some of which do not take security

Jessica Gallinelli's arbitrage investment firm is evaluating the acquisition of Honeywell International by General Electric. The deal represents the acquisition of a firm that produces components that compliment General Electric's existing product offerings. Honeywell and General Electric are both market leaders whose combined products offer a very comprehensive offering of airline and control components. Both firms are U.S. based corporations with vast multi-national operations. The deal appears cleared of U.S. anti-trust regulators, and the legendary stewardship of GE by Jack Welch adds a perceived impetus of inevitability, however the European Union approaches competitive issues much more broadly by concentrating on both horizontal and vertical merger ramifications for the competitive landscape.

The summary of the European Court of Justice case: Pez Hejduk v Energy Agentur.NRW GmbH (C441/13)

With the effect of the Single European Act on 1st July 1987, the emergence of European Union (EU) as a common market has essentially been created. The benefits of this act are substantial to European firms, economies, and workers. It eliminates conflicting national regulations and trade barriers, as well as offering firms opportunity to sell their goods to all other EU members (Griffin & Pustay 2005).

Such a form of operations is especially appropriate for a company that has expanded its activity across the domestic borders within the EU. This structure also allows the company’s management to have greater control over the company’s actions and therefore prevents the issues discussed earlier in the paper. Moreover, it basically reorganizes the company into a much more flexible nature allowing the company’s subsidiaries to take advantage of the occurring opportunities with a greater authority. Yet the flexible nature of the company allows the top management to fully monitor the activities of the subsidiaries