The Liberalisation of the Continental European Electricity Market - Lessons Learned

Abstract

The liberalisation of the elec tricity mark et in Co nt inenta l Euro pe started in th e late 1990 ' s and is still ongoing. In th is paper, past developments in this mar ket are ana lysed and co nditions necessary to enha nce co mpetition in thi s market in the long run are deri ved.Our major co nc lusion is that at a minimum, the fo llowi ng conditions wou ld be necessary to bring about effective co mpe tition in th e long run : (i) co mplete owners hip se pa rati on of the tran smi ssion gr id fro m ge neration an d supply in all coun tr ies and sub-ma rkets ; (ii) ade quate ca pac ity margin in ge ne ration; and (iii ) a suffic iently large number of ge nerato rs sharing th is cap acity. As it is not likely that these co nditions will be fulfil led , the pro sp ects for a vibrant competition in Co ntinenta l Euro pe are doubt ful.

The Growing Impact of Renewable Energy in European Electricity Markets

“…For further details, see for example, Boltz (Chapter 8) or Haas et al (2006). For further details, see for example, Boltz (Chapter 8) or Haas et al (2006).…”