Events
The Political Economy of Regulatory Divergence: Barriers to a Single Energy Market Amidst Geopolitical Challenges
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Abstract:
In a geopolitical era seeking European energy autonomy, the Single Market’s integration remains stalled. While often dismissed as technical friction, populist behaviour, or incumbent-driven inefficiency, this presentation highlights a complex puzzle of nuanced national resistance driven by multiple factors. I analyze price controls, cross-border governance, and Capacity Remuneration Mechanisms as crucial cases of non-harmonization, highlighting their variation and the determinants at the national level. I argue that this can be contextualised as part of "sticky" liberalisation trajectories that lead to either market-conforming or incumbent-centred energy governance in a reinforcing way. The presentation illustrates how renewables emerge as a disruptive, independent power group that might be the unraveling force behind such lock-in effects. In sum, successful energy market integration requires reconceptualizing the market as a political subject that needs to consider all three elements of the energy trilemma more carefully.
Bio:
Hermann Anton Lüken genannt Klaßen is a Research Associate and PhD candidate at the University of Göttingen. After participating in the "Implementing Network Project" at the Fridhjof Nansen Institute, where he researched the role of ACER and the complexity of implementing Network Guidelines, his doctoral research continues to investigate the political economy of the European Single Energy Market, focusing on the tensions between market efficiency and national prerogatives that resist harmonisation. Hermann has visited the Osaka University and the Florence School of Regulation. His publications in Regulation & Governance and Renewable and Sustainable Energy Reviews analyze the variation and determinants of regulatory fragmentation and the politics of implicit solidarity in the context of common market integration against the backdrop of geopolitical tensions.
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