Regulating radical innovations in the EU electricity markets : time for a robust sandbox
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Journal Title
Journal ISSN
Volume Title
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Author
Date
2023-01-02
Department
Major/Subject
Mcode
Degree programme
Language
en
Pages
21
5-25
5-25
Series
Journal of Energy and Natural Resources Law, Volume 41, issue 1
Abstract
During the last decade, the level of detail and complexity in the EU electricity market legislation has ballooned. Simultaneously, the pace of technological development has been rapid. This is necessary for the clean energy transition but also creates challenges. How do we ensure the legislation is keeping up with the development of the real world? Should innovative solutions be encouraged, even if they do not comply with the current rules? We argue that regulation of the ‘radical innovations’ is inadequate in the EU. As a solution, we discuss an EU framework for regulatory sandboxes and propose design principles for its development.Description
Publisher Copyright: © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
Keywords
electricity market, energy law, energy transition, EU law, innovation, regulatory sandbox
Other note
Citation
Sunila , K & Ekroos , A 2023 , ' Regulating radical innovations in the EU electricity markets : time for a robust sandbox ' , Journal of Energy and Natural Resources Law , vol. 41 , no. 1 , pp. 5-25 . https://doi.org/10.1080/02646811.2022.2088175
