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Evolution of Global Electricity Markets by Fereidoon P. Sioshansi

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Chapter 8

The Challenges of Electricity Market Regulation in the European Union

Walter Boltz,    Executive Director, E-Control Austria

1 Introduction

Fifteen years after the first European electricity directive came into force,1 liberalization of the European electricity market is still work in progress. The challenge has been to expand markets beyond national borders to regional or European dimensions.

The process has gained quite some momentum. Diverse market coupling models in several regions have contributed to better market integration. The elaboration of a target model outlining a common view on what the future wholesale market should look like in general terms, and how available interconnection capacity should be calculated and made available ...

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