Regulated third-party access in heat markets: policy and stakeholder expectations

Heat markets across Europe are legislated and regulated in a wide variety of ways. EU energy legislation provides limited guidance on preferred market rules. Instead, developments in district heat (DH) are driven mainly by national policy and regulation, with country-specific historical and political foundations. In the first of two articles, Harri-Pekka Korhonen, Head of Heat Policies and Regulation at Fortum Corporation, discusses the potential for encouraging competition in heat markets

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Adding up the add-ons: the FCA’s first market investigation

The UK’s Financial Conduct Authority (FCA) has published provisional findings from its first market study, focusing on add-ons in general (i.e. non-life) insurance. The study draws heavily on insights from behavioural economics and provides new empirical evidence on consumer behaviour and market outcomes for a range of insurance products. The analysis raises some questions about the benefits (or not) of add-ons, and the under- or overprovision of insurance

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‘Money-go-round’: insights into the economics and regulation of payment systems

In the last decade, the payment services sector has seen considerable technological change and has been subject to much regulatory reform and intervention. The European Commission has recently proposed revisions to the Payment Services Directive, which was initially adopted in 2009, to improve the functioning of the European market for payment services. In the UK, a sector regulator for payment systems is being established. Moreover, a number of high-profile competition investigations into payment service providers have taken place

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