K2SP 3300 - European Energy Regulation

The war in Ukraine threatens the energy security of the European Union. The far-reaching consequences on energy markets have led to calls for reforming the functioning of these markets and accelerating the energy transition away from fossil fuels. The course will use the present crisis as an opportunity to revisit European energy regulation, its history and the policies it reflects on the three elements of the energy trilemma: security, affordability and sustainability. With that background, the course will examine the root causes of the present energy crisis and the additional regulation that has to be put in place to face it in the short term and improve the resilience of the European energy system for the future in view of achieving its long term goal on becoming the first carbon neutral continent by 2050.

Adina CRISAN-REVOL,Anne HOUTMAN

Cours magistral seul

English

Mandatory readings as indicated below, slides and other documents on the Google drive, preparation of a group debate and of the final exam.

Basic understanding of the EU institutions and of the EU decision making process. Knowledge of basic market concepts (supply, demand, prices, market power, …).

Spring 2022-2023

• Debates in small groups on controversial European energy issues (to be chosen among a set of proposals by the teachers • Final written exam: a 3-hour dissertation organised outside of class hours on a subject proposed by the teachers

The two teachers will alternate to deliver ten lessons starting with a historical overview of European energy policy up to the strategy of the European Green Deal and the present energy crisis. The course will be organised around the three objectives of the energy trilemma (sustainability, affordability and security) in relation to the present crisis. These lessons will be followed by two sessions of students debates in small groups with the support of the teachers.