Integration of electricity markets in Europe: Relevant issues for Italy

Anna Creti, Eileen Fumagalli and Elena Fumagalli

Energy Policy, 2010, vol. 38, issue 11, 6966-6976

Abstract: In this paper, we analyze the current trend towards a higher degree of market integration in Europe and identify those aspects that are particularly relevant for Italy. The Italian involvement in this process appears comparatively modest. A welfare analysis, which focuses specifically on the integration of the Italian market, will certainly be a useful support to any policy decision. We argue that, given the peculiarities of the Italian market design, a volume coupling solution could avoid, at the moment, the costs of what could be a significant harmonization effort and, in the end, it might constitute the best short-term strategy. This proposal should be adequately considered, taking into account the complexity of designing an efficient volume-only coordination procedure.

Keywords: Wholesale; electricity; markets; Market; integration; Congestion; management (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (37)

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