Energy Integration in European Power Sector

Wadim Strielkowski, Michal Mirvald and Michael Pedersen
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Michal Mirvald: Faculty of Economics, University of Economics, Prague, Winston Churchill Sq. 4, 130 67 Prague 3, Czech Republic
Michael Pedersen: University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3, Prague, Czech Republic.

International Journal of Energy Economics and Policy, 2014, vol. 4, issue 4, 506-515

Abstract: This paper provides essential background of European power sector and discusses the theoretical background for its integration. Our work employs real-life statistics on the state of integration in order to find out what future development might be in place for this key sector of European economy. It can be shown that while some interest groups are losing on integration, others win. This issue enables us to discuss the delegation of control over the power market delegated to European entities. Our results demonstrate that there are considerable economic gains stemming from integration that are subjected to price variations and efficiency in using the power. Moreover, we explain how the power market on the EU-level implements reforms that might lead to the more integrated European power network.

Keywords: economic integration; energy economics; European Union; national power exchange (search for similar items in EconPapers)
JEL-codes: F40 Q20 Q47 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2014-04-02

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