The liberalisation of European gas markets is leading to a profound estructuring of the natural gas industry. Alongside this, new modes of economic governance are evolving on the European and national levels, triggering harmonisation and market integration through the application of legal provisions and communication instruments. In this paper, we analyse the impact of law on the convergence towards best-practice of regulatory regimes. By examining regulatory regimes in the old member states between 2000 and 2005, we show that the extent of specification in European legal provisions does not strongly correlate with the adoption of bestpractice. Rather, a consensus has been generated within the Madrid Forum to implement various mechanisms, including network access measures, resulting in convergence towards best-practice. In order to learn more about factors that facilitate the adoption of regulation-for-competition, further research is needed to analyse in more detail the functioning of these communication instruments and conditions for their success.
|Number of pages||25|
|Publication status||Published - 5 Jun 2008|
|Event||Second Biennial Conference of the Standing Group on Regulation and Governance, European Councils for Policy Research - Utrecht, the Netherlands|
Duration: 5 Jun 2008 → 7 Jun 2008
|Other||Second Biennial Conference of the Standing Group on Regulation and Governance, European Councils for Policy Research|
|Period||5/06/08 → 7/06/08|
|Other||5-7 June 2008|