Publication Date:
2015-08-20
Description:
Electricity markets in the Mediterranean basin countries are characterised by the substantial disparity in their degree of openness and competitiveness. . There is also a difference in the maturity of their economies and their rate of economic and population growth. For example, the South and East Mediterranean Countries (SEMCs), which currently account for a quarter of total GDP of the region, are expected to grow at twice the rate of the North Mediterranean Countries (NMCs) until the end of the next decade. Similarly, the population in SEMCs is growing at a faster rate than the in NMCs. This imbalance has profound implications for energy stability and trade in the region. Development of cross border interconnections could reduce the energy gap among sub-regional markets and pave the way towards a well-integrated energy market. Additionally, in order for renewable energy to play an important role in the energy markets of the region the national electricity systems of the Euro-Mediterranean countries needs to be highly interconnected. Against this background, this paper aims to analyse the development of cross-border interconnections in the Mediterranean basin in light of existing disparities in the state of market maturities, institutions, national energy goals and regional objectives. Our analysis aims to illustrate how current provisions that regulate and discipline cross border interconnections in the EU do not apply, in the short- to medium-term, to SEMCs. And how the current regulatory framework, while designed to favour competition in electricity supply, appears to be poorly adapted to addressing security of supply at a regional level. The post Development of cross-border interconnections – A review of the case of Mediterranean basin appeared first on Oxford Institute for Energy Studies .
Print ISSN:
0959-7727
Topics:
Electrical Engineering, Measurement and Control Technology
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Energy, Environment Protection, Nuclear Power Engineering
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Mechanical Engineering, Materials Science, Production Engineering, Mining and Metallurgy, Traffic Engineering, Precision Mechanics
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Sociology
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Economics
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