Abstract
This chapter defines and explores the European Union (EU)’s ‘regulatory power’ and ‘economic power’, with a view to assessing the dynamics and potential of both forms of power in the EU’s external energy strategy. Overall, the chapter finds that the EU’s regulatory power, based on regulation and legislation, proves suitable to address some of the challenges of a more ‘geopolitical’ external energy environment. Although the Commission used regulatory power for mercantilist ends, this power, clearly, is limited as by definition it works best in a market context. Acknowledging that the Energy Union pushed security of supply to the center stage, the chapter concludes that the EU is best advised not to try to use its economic (and not just regulatory) power more assertively and adopt a strategy with ‘liberal mercantilist’ elements.
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Andersen, S.S., Goldthau, A., Sitter, N. (2017). From Low to High Politics? The EU’s Regulatory and Economic Power. In: Andersen, S., Goldthau, A., Sitter, N. (eds) Energy Union. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-59104-3_2
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DOI: https://doi.org/10.1057/978-1-137-59104-3_2
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