Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN

This paper examines the political forces that drive electricity grid expansion in the European Union (EU) and the Association of Southeast Asian Nations (ASEAN). Although there are a number of short-term political and economic barriers to electricity market integration, there are also compelling eco...

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Main Author: Boëthius, Gustav
Other Authors: EU Centre in Singapore
Format: Working Paper
Language:English
Published: 2014
Subjects:
Online Access:https://hdl.handle.net/10356/103874
http://hdl.handle.net/10220/19403
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1038742020-09-26T21:51:47Z Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN Boëthius, Gustav EU Centre in Singapore DRNTU::Social sciences This paper examines the political forces that drive electricity grid expansion in the European Union (EU) and the Association of Southeast Asian Nations (ASEAN). Although there are a number of short-term political and economic barriers to electricity market integration, there are also compelling economic, environmental and energy security benefits of establishing large-scale and dynamic electricity markets in the long-term. By considering the conceptually unique aspects of the incentives for regional electricity market integration in the EU and ASEAN, the contrast in progress made in establishing regional electricity markets in the two regions is explained. The most important factor accounting for this difference is the fact that there are contrasting energy scenes in the EU and ASEAN. Being a single market consisting predominantly of net energy consumers, and with institutions at the European level to coordinate the decision making process on energy matters, it is relatively easy for the EU to pursue efforts in electricity market integration. In ASEAN, the existence of both energy importers and exporters within the same regional forum makes the establishment of a regional energy grid, which has the ability to increase the production of renewable energy in Southeast Asia much more complex. Moreover, concerns regarding the loss of national sovereignty are a further factor that continues to hamper ASEAN efforts to establish an effective regional electricity market in ASEAN. As the EU member states have already pooled a degree of their sovereignty, and in particular since the Lisbon Treaty made energy a core competency of the European institutions, significant resistance to external intervention in national affairs has largely been avoided. 2014-05-20T06:43:43Z 2019-12-06T21:22:03Z 2014-05-20T06:43:43Z 2019-12-06T21:22:03Z 2012 2012 Working Paper Boëthius, G. (2012). Forging the ties the bind: Comparing the factors behind electricity market integration in the EU and ASEAN ( EUC Working Paper, No. 6). Singapore: EU Centre. https://hdl.handle.net/10356/103874 http://hdl.handle.net/10220/19403 en EUC working paper, No. 6-12 © 2012 EU Centre in Singapore. 17 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences
spellingShingle DRNTU::Social sciences
Boëthius, Gustav
Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN
description This paper examines the political forces that drive electricity grid expansion in the European Union (EU) and the Association of Southeast Asian Nations (ASEAN). Although there are a number of short-term political and economic barriers to electricity market integration, there are also compelling economic, environmental and energy security benefits of establishing large-scale and dynamic electricity markets in the long-term. By considering the conceptually unique aspects of the incentives for regional electricity market integration in the EU and ASEAN, the contrast in progress made in establishing regional electricity markets in the two regions is explained. The most important factor accounting for this difference is the fact that there are contrasting energy scenes in the EU and ASEAN. Being a single market consisting predominantly of net energy consumers, and with institutions at the European level to coordinate the decision making process on energy matters, it is relatively easy for the EU to pursue efforts in electricity market integration. In ASEAN, the existence of both energy importers and exporters within the same regional forum makes the establishment of a regional energy grid, which has the ability to increase the production of renewable energy in Southeast Asia much more complex. Moreover, concerns regarding the loss of national sovereignty are a further factor that continues to hamper ASEAN efforts to establish an effective regional electricity market in ASEAN. As the EU member states have already pooled a degree of their sovereignty, and in particular since the Lisbon Treaty made energy a core competency of the European institutions, significant resistance to external intervention in national affairs has largely been avoided.
author2 EU Centre in Singapore
author_facet EU Centre in Singapore
Boëthius, Gustav
format Working Paper
author Boëthius, Gustav
author_sort Boëthius, Gustav
title Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN
title_short Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN
title_full Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN
title_fullStr Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN
title_full_unstemmed Forging the ties the bind : comparing the factors behind electricity market integration in the EU and ASEAN
title_sort forging the ties the bind : comparing the factors behind electricity market integration in the eu and asean
publishDate 2014
url https://hdl.handle.net/10356/103874
http://hdl.handle.net/10220/19403
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