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Paperback The role of power exchanges Book

ISBN: 3659128112

ISBN13: 9783659128110

The role of power exchanges for the creation of a single European electricity market: market Design and market regulation

The electricity sector worldwide is undergoing a fundamental transformation of its institutional structure as a consequence of the complex interactions of political, economic and technological forces. The way the industry is organized is changing from vertically integrated monopolies to unbundled structures that favor market mechanisms. This process in Europe, known as the liberalization process, has had a wide impact on the European electricity industry. The focus of this book is an analysis of the role of electricity power exchanges in the recently liberalized electricity markets of Europe. In the context of creating "a" competitive electricity market at a European level, the key questions considered are the functioning of these power exchanges with respect to electricity characteristics, market design and regulatory framework.

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