Unbundling – Strategic and Organisational Challenges for Power and Supply Companies

Luis Atienza Serna
Additional contact information
Luis Atienza Serna: Executive President and Chief Executive Officer of Red Elèctrica de España

Chapter 15 in Handbook Utility Management, 2008, pp 247-262 from Springer

Abstract: Abstract One of the most important consequences of liberalising the electricity sector has been the vertical unbundling of activities. The creation of companies specialising in transmission and system operation activities has become crucial in liberalised markets. The transmission system operation (TSO) model, in which the same company carries out both transmission and system operation activities, is the one more generally used in Europe. Compared with the independent system operation (ISO) model, where system operation and transmission are developed by different companies, this model presents many advantages in terms of efficiency and security of supply based on the synergies coming from the integration of functions within the same company. The independence of TSOs is essential to preserve efficient functioning of the electricity market. Ownership unbundling of TSOs is the most effective way to achieve such independence.

Keywords: unbundling; transmission; system operation (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-79349-6_15

Ordering information: This item can be ordered from
http://www.springer.com/9783540793496

DOI: 10.1007/978-3-540-79349-6_15

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().