The project investigates the theoretical aspects of the design and effective enforcement of competition law in the energy market. Based on the comparison between Polish and Norwegian regulatory framework, the general theory of regulation would be verified using the insights from behavioural economics.
The study involves cross-cultural comparison of customer behaviour patterns, regulatory framework types of competition strategies. Apart from that pricing policy in both countries shall be determined.
The effective and competitive energy market is a point of interest for all the market participants, including customers, companies and public government agencies. The emerging and dynamic regulatory environment requires innovative regulatory tools and framewo rks in order to avoid regulatory uncertainty and risk.
The analysis of energy market, such as other network industries, involves the complicated mechanisms of unbundling, vertical agreements, controlled mergers and acquisitions, market domination, dynamic efficiency consideration and regulation supporting network neutrality. Furthermore, the pricing mechanism on this market involves advance techniques, just to mention pool pricing, access pricing and dynamic pricing.
The results of this project will be a theoretical model explaining the impact of behavioural aspects of market player on the effective regulatory framework. The study findings allows to build effective regulations, and as a result modernize the economy, to make it more flexible in order to face the challenges of globalisation, new technologies, individualization and increasing diversity.
As the practical effect of this study is concerned, the study assumes a critical review of research tools that involve behavioural aspects of the regulato ry framework and customer expectations. Furthermore, the methodology of regulatory impact assessment would be reviewed and adopted to cross-cultural comparison.