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

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Listed:
  • Tooraj Jamasb
  • Michael Pollitt

Abstract

The energy market 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.

Suggested Citation

  • Tooraj Jamasb & Michael Pollitt, 2005. "Electricity Market Reform in the European Union: Review of Progress toward Liberalization &Integration," The Energy Journal, , vol. 26(1_suppl), pages 11-41, June.
    • Handle: RePEc:sae:enejou:v:26:y:2005:i:1_suppl:p:11-41
    DOI: 10.5547/ISSN0195-6574-EJ-Vol26-NoSI-2
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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