Electricity Market Reform in the European Union: Review of Progress toward Liberalization & Integration

Tooraj Jamasb*, Michael G. Pollitt

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

The energy marker liberalisation process in Europe is increasingly focused on electricity market integration and related cross border issues. This signals that the liberalisation of national electricity markets is now closer to the long-term objective of a single European energy market. The interface between the national electricity markets requires physical interconnections and technical arrangements. However, further progress towards this objective also raises important issues regarding the framework within which the integrated market is implemented. This paper reviews the progress towards a single European electricity market. We then discuss the emerging issues of market concentration, investments, and security of supply as well as some aspects of market design and regulation that are crucial for dynamic performance of a single European market.
Original languageEnglish
JournalThe Energy Journal
Volume26
Issue numberSpecial Issue: European Electricity Liberalisation
Pages (from-to)11-41
Number of pages31
ISSN0195-6574
DOIs
Publication statusPublished - 2005
Externally publishedYes

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