Publikationsdatum:
2019
Beschreibung:
Harmonization of European markets and expected effects of the new EC proposal on key market participants.
Abstract
The new proposal for regulating the European Internal Market for Electricity (EIME) can motivate the harmonization of the various National markets. The process of harmonizing the day‐ahead markets (DAMs) is at an advanced stage, with an efficiency in the use of interconnectors of 86%. However, the harmonization of both intraday (IDMs) and balancing markets (BMs) is still in its infancy, with an efficiency in the use of interconnectors of 50 and 19%, respectively. The new proposal brings new targets to DAMs, and European countries should make efforts to comply with them. The same is true for IDMs and BMs, but involving more ambitious targets, requiring higher efforts to be accomplished. Both the analysis of the various National markets (according to their compliance with the new proposal for regulating the EIME) and the advantages of the new proposal for key market participants (particularly, consumers, variable renewable generation, and conventional generation) are presented. The analysis indicates that the proposal contributes to a potential increase of the general welfare of market participants. However, some aspects of the proposal can negatively affect the revenue obtained from the National markets, notably for variable renewable generation and conventional generation.
This article is categorized under:
Wind Power 〉 Systems and Infrastructure
Energy Policy and Planning 〉 Economics and Policy
Energy Systems Analysis 〉 Economics and Policy
Energy and Development 〉 Economics and Policy
Print ISSN:
2041-8396
Digitale ISSN:
2041-840X
Thema:
Energietechnik
,
Technik allgemein
