Integration of electricity markets in Europe: Relevant issues for Italy

Cretì, Anna; Fumagalli, Eileen; Fumagalli, Elena

doi:10.1016/j.enpol.2010.07.013

Cited by 57 publications

(33 citation statements)

References 18 publications

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“…49 Article 3(2) of Directive 90/547/EEC (Directive on the transit of electricity through transmission grids). 50 For the integration of electricity markets generally, see Creti A et al (2010). 51 Directive 96/92/EC (First Electricity Directive).…”

Section: Liberalisationmentioning

confidence: 99%

EU Electricity Trade Law

Mäntysaari¹

2015

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Section: Liberalisationmentioning

confidence: 99%

EU Electricity Trade Law

Mäntysaari¹

2015

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“…It is strongly believed that market integration can bring benefits by improving efficiency in the use of resources, reducing supply costs and carbon emissions, and strengthening the security of supply (Creti et al, 2010;Jamasb and Pollitt, 2005). However, the achievement of these benefits may be hindered by inefficient cross-border trade and uncoordinated national capacity expansion and security of supply policies (Cepeda and Finon, 2011;Ochoa et al, 2013).…”

Section: Introductionmentioning

confidence: 98%

The Finnish power market: Are imports from Russia low-cost?

Ochoa

Gore

2015

Energy Policy

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“…To maintain this balance, the TSO contracts and activates reserve capacity from balance service providers (BSPs) at the procurement side, and settles imbalance positions with balance responsible parties (BRPs) at the settlement side of the balancing market [6,7]. We focus on the Central Western European (CWE) region, which, consistent with common definitions (e.g., [8,9,10]), includes the Belgian, French, German, and Dutch market zones.…”

Section: Scope and Motivationmentioning

confidence: 99%

“…Through the so-called price coupling of regions (PCR) initiative, 23 European countriesSuch explicit auctioning was the basis for managing limited interconnection capacity prior to the establishment of the European market-coupling-based system [1,8,65].…”

Section: Cross-border Trading In the Day-ahead Marketmentioning

confidence: 99%

Interactions between the design of short-term electricity markets in the CWE region and power system flexibility

et al. 2017

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Short-term electricity markets are generally defined as markets that take place from the day-ahead stage until physical generation and consumption. These markets include dayahead, intra-day, and real-time balancing markets. In Europe, the first two are managed by power exchanges, while the third consists of reserve procurement and imbalance settlement and is operated by the local transmission system operator. Short-term markets are important tools to deal with net demand variability in the system, in which the need for flexibility is expressed and its provision is valorized. Due to the ongoing integration of variable renewables in the generation mix, the system's variability is increasing as a result of the limited controllability and predictability of those resources. As such, these markets become increasingly important. The contribution of this article is a comprehensive upto-date discussion of the key design parameters and functioning of all three short-term markets, and their impact on the demand for and supply of flexibility. An understanding of the design and its implications is useful to policy-makers who are considering changes to facilitate the integration, availability, or valorization of flexibility, while also contributing to the decision-making of flexibility investors and operators. The geographical scope is the Central Western European region, including the Belgian, French, German, and Dutch market zones.

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Integration of electricity markets in Europe: Relevant issues for Italy

Cited by 57 publications

References 18 publications

EU Electricity Trade Law

EU Electricity Trade Law

The Finnish power market: Are imports from Russia low-cost?

Interactions between the design of short-term electricity markets in the CWE region and power system flexibility

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