Electricity Market Reform in the European Union: Review of progress towards liberalisation and integration

Tooraj Jamasb and Michael Pollitt

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: The energy market liberalisation process in Europe is increasingly focused on electricity market integration and related cross border issues. This signals that the liberalisation of national electricity markets is now closer to the long-term objective of a single European energy market. The interface between the national electricity markets requires physical interconnections and technical arrangements. However, further progress towards this objective also raises important issues regarding the framework within which the integrated market is implemented. This paper reviews the progress towards a single European electricity market. We then discuss the emerging issues of market concentration, investments, and security of supply as well as some aspects of market design and regulation that are crucial for dynamic performance of a single European market.

Keywords: Electricity; energy; liberalisation; regulation; integration; European Union (search for similar items in EconPapers)
JEL-codes: L11 L22 L52 Q48 (search for similar items in EconPapers)
Pages: 32
Date: 2004-11
New Economics Papers: this item is included in nep-com, nep-eec, nep-ene and nep-reg
Note: CMI, IO
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

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