Cost benefit analysis in the context of the energy infrastructure package (topic 10)

This report was produced as part of the THINK project. In order to accelerate the infrastructure investments that are important for the achievement of the EU energy policy objectives, the European Commission has proposed an Energy Infrastructure package. The package includes a new Regulation on guidelines for trans-European energy infrastructure (EC, 2011a) (hereafter "the Regulation") on which a political agreement between the European Parliament and the Council has recently been reached. The Regulation requires the development of Cost- Benefit Analysis (CBA) methods (one for electricity, and one for gas) to facilitate the selection of Projects of Common Interest (PCI). In this report, we concentrate on electricity infrastructure (transmission and storage).