Chapter 2 - Conceptualizing the energy transition in the European Union

Abstract

Chapter 2 examines the status of energy decentralization in the European Union (EU). It discusses why it is in the EU’s interest to decentralize its energy markets. The chapter specifically focuses on electricity markets and looks at how decentralization is taking shape with regard to these markets. Europe has been working toward liberalized energy markets since the 1990s, with a series of Directives to this effect. Many EU Member States have made significant progress in this regard, with increased competition among energy suppliers, better services, and lower energy prices. Decentralization seems to be the next logical step, as it will further help achieve a more democratic and participative energy market.