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Benefits of an integrated European electricity market

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  • Böckers, Veit
  • Haucap, Justus
  • Heimeshoff, Ulrich

Abstract

This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM) and (3) a lack of harmonization of national support schemes for renewable energies.

Suggested Citation

  • Böckers, Veit & Haucap, Justus & Heimeshoff, Ulrich, 2013. "Benefits of an integrated European electricity market," DICE Discussion Papers 109, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    • Handle: RePEc:zbw:dicedp:109
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    References listed on IDEAS

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    1. Motta,Massimo, 2004. "Competition Policy," Cambridge Books, Cambridge University Press, number 9780521016919.
    2. Böckers, Veit & Heimeshoff, Ulrich, 2014. "The extent of European power markets," Energy Economics, Elsevier, vol. 46(C), pages 102-111.
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    Cited by:

    1. Newbery, David & Strbac, Goran & Viehoff, Ivan, 2016. "The benefits of integrating European electricity markets," Energy Policy, Elsevier, vol. 94(C), pages 253-263.
    2. Ovidiu Ivanov & Samiran Chattopadhyay & Soumya Banerjee & Bogdan-Constantin Neagu & Gheorghe Grigoras & Mihai Gavrilas, 2020. "A Novel Algorithm with Multiple Consumer Demand Response Priorities in Residential Unbalanced LV Electricity Distribution Networks," Mathematics, MDPI, vol. 8(8), pages 1-24, July.
    3. Alexander Zerrahn & Daniel Huppmann, 2014. "Network Expansion to Mitigate Market Power: How Increased Integration Fosters Welfare," Discussion Papers of DIW Berlin 1380, DIW Berlin, German Institute for Economic Research.
    4. de Menezes, Lilian M. & Houllier, Melanie A., 2015. "Germany's nuclear power plant closures and the integration of electricity markets in Europe," Energy Policy, Elsevier, vol. 85(C), pages 357-368.
    5. Haxhimusa, Adhurim, 2018. "The Effects of German Wind and Solar Electricity on French Spot Price Volatility: An Empirical Investigation," Department of Economics Working Paper Series 258, WU Vienna University of Economics and Business.
    6. Strunz, Sebastian & Gawel, Erik & Lehmann, Paul & Söderholm, Patrik, 2015. "Policy convergence: A conceptual framework based on lessons from renewable energy policies in the EU," UFZ Discussion Papers 14/2015, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    7. Gugler, Klaus & Haxhimusa, Adhurim & Liebensteiner, Mario, 2016. "Integration and Efficiency of European Electricity Markets: Evidence from Spot Prices," Department of Economics Working Paper Series 226, WU Vienna University of Economics and Business.
    8. Geoffrey Mabea, 2023. "Simulating Generalised Locational Marginal Pricing for Power Markets in East Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 450-460, September.
    9. Ivan Faiella & Alessandro Mistretta, 2022. "The Net Zero Challenge for Firms’ Competitiveness," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(1), pages 85-113, September.
    10. Fatras, Nicolas & Ma, Zheng & Duan, Hongbo & Jørgensen, Bo Nørregaard, 2022. "A systematic review of electricity market liberalisation and its alignment with industrial consumer participation: A comparison between the Nordics and China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    11. Gawel, Erik & Strunz, Sebastian & Lehmann, Paul, 2014. "Wie viel Europa braucht die Energiewende?," UFZ Discussion Papers 4/2014, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    12. Rinne, Sonja, 2018. "Radioinactive: Are nuclear power plant outages in France contagious to the German electricity price?," CIW Discussion Papers 3/2018, University of Münster, Center for Interdisciplinary Economics (CIW).
    13. Feld, Lars P. & Fuest, Clemens & Haucap, Justus & Schweitzer, Heike & Wieland, Volker & Wigger, Berthold U., 2014. "Neustart in der Energiepolitik jetzt!," Kronberger Kreis-Studien 58, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    14. Hugo Algarvio & Fernando Lopes & António Couto & João Santana & Ana Estanqueiro, 2019. "Effects of regulating the European Internal Market on the integration of variable renewable energy," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 8(6), November.
    15. Gugler, Klaus & Haxhimusa, Adhurim, 2019. "Market integration and technology mix: Evidence from the German and French electricity markets," Energy Policy, Elsevier, vol. 126(C), pages 30-46.
    16. Nikolaos E. Koltsaklis & Athanasios S. Dagoumas, 2021. "A power system scheduling model with carbon intensity and ramping capacity constraints," Operational Research, Springer, vol. 21(1), pages 647-687, March.
    17. Yanfei Li & Youngho Chang & Choo Fook Hoong & Swati Sharma, 2016. "Business Model and Market Design for ASEAN Electricity Market Integration: Principles, Practicalities, and Conditions for Success," Chapters, in: Yanfei Li & Shigeru Kimura (ed.), Achieving an Integrated Electricity Market in Southeast Asia: Addressing the Economic, Technical, Institutional, and Geo-political Barriers, chapter 3, pages 59-108, Economic Research Institute for ASEAN and East Asia (ERIA).
    18. Halbrügge, Stephanie & Buhl, Hans Ulrich & Fridgen, Gilbert & Schott, Paul & Weibelzahl, Martin & Weissflog, Jan, 2022. "How Germany achieved a record share of renewables during the COVID-19 pandemic while relying on the European interconnected power network," Energy, Elsevier, vol. 246(C).

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