ENERGY REGULATION: THE ARIAE PERSPECTIVE

The world's economic regions are dependent on each other for ensuring not only energy security and stable economic conditions but also effective action against climate change, that´s why the regional integration of energy markets is an intrinsically difficult process since it obliges states to reach a compromise between two important objectives: the achievement of a certain degree of economic efficiency and the accomplishment of autonomy in energy matters. Furthermore, it mustn´t be forgoten that the promotion of renewable sources of energy has become essential, not only from the point of view of protecting the environment, but also as a key factor in the promotion of energy development. We may say that the energy self-sufficiency enjoyed by countries in Iberoamerica, in addition to their similar perception of energy regulatory models, allow for a certain feeling of optimism that, in the future, these markets might become mature enough to develop and consolidate the process of regional integration that is already underway.