Chapter 12

Northern Perspective: Developing Markets Around the Baltic Sea

Riku Huttunen    Energy Department, Ministry of Employment and the Economy, Finland


Electricity and gas markets surrounding the Baltic Sea make an interesting comparison to the Mediterranean. The economic and political environments are different, but many features are also common to these developing regional markets.

The lessons learned from the Baltic Sea energy markets can be summarized as follows: integrating energy markets requires huge investments; stability and predictability are necessary in order to realize them; regulation should be clear and focused; and subsidies might be necessary to get large infrastructure investments launched. However, operating aid ...

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