THE LAW AND POLICY OF INTERNATIONAL TRADE IN ELECTRICITY

The book examines the legal guarantees provided under the European Union (EU) and the World Trade Organization (WTO) rules for the development of electricity transmission systems, either by constructing new transmission lines or by increasing transmi
ssion capacity. In the context of analysis of trade rules, the book makes the argument that, if long-distance trade in electricity remains a feasible option, the development of electricity transmission projects must be made subject to economic, techn
ological and environmental criteria. It is dealt with in light of specific challenges of electricity trade related to its dependence on networks, storage and balancing. The book offers insights into the scope of the WTO and the EU related to access t
o and the development of cross-border electricity infrastructure development, connection and integration of abundant renewable energies into the electricity systems. It has criticized the EU''s regulations in terms of a lack of technological neutrali
ty, as well as the WTO system in terms of lack of sector-tailored regulations that are necessary to achieve the objectives of the WTO to facilitate trade and transit. The regulatory environment for the development of cross-border electricity transmis
sion projects has been examined based on identified obstacles from the analysis of the major multinational electricity systems in the world.

Author
Dr Karolis Gudas holds PhD degree from the World Trade Institute, University of Bern. At
present he is the General Counsel of the project of national significance to Lithuania - Vilnius CHP, a Lecturer in Energy Law at Vilnius University and Center Fellow at the Cambridge Centre for Environment, Energy and Natural Resource Governance, Un
iversity of Cambridge. Karolis has significant experience in the energy sector having previously worked at the European Commission, as a consultant to the Iceland - UK electricity interconnector project and a legal counsel at the Baltic law firm Moti
eka & Audzevicius. He has been included in the list of energy experts of the Legal Task Force of the Energy Charter Secretariat.