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The Evolution of Electricity Markets in Europe

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The Evolution of Electricity Markets in Europe

9781789905465 Edward Elgar Publishing
Leonardo Meeus, Florence School of Regulation, European University Institute, Italy and Vlerick Business School, Belgium
Publication Date: November 2020 ISBN: 978 1 78990 546 5 Extent: c 160 pp
Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

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Contents
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Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

Leonardo Meeus explains the sequence of electricity markets in Europe from wholesale to balancing markets, forward transmission markets, capacity mechanisms, redispatching and flexibility markets. Chapters explore current issues including the new paradigm that places the citizen at the centre of the energy transition. Concluding that most of the market integration process in Europe so far has required horizontal coordination between transmission system operators in different countries, the book looks ahead to the importance of vertical coordination between the transmission and distribution.

An invaluable book for energy policymakers and practitioners working in Europe, the solutions offered for contemporary issues will also be helpful for those working in international or multi-region electricity markets more widely. Academics involved in the world of electricity regulation will also find this an invigorating read.
Critical Acclaim
‘The challenge of facing an intricated problem starts by putting together the key questions. This book is not just wisely built upon this solid structure, it is full of sound and enlightening discussions from one of the current leading experts on European electric power markets. A reference.’
– Carlos Batlle, Massachusetts Institute of Technology Energy Initiative, US

‘This book is a one-stop-shop for European electricity market organization, striking the right balance between the technical and economic considerations. Great insight into the reasons behind market design choices made in Europe. Understandable language, facilitated by numerical examples and translations from Regulatory language to actual real English. Highly recommended read!’
– Konrad Purchała, European Network of Transmission System Operators for Electricity, Belgium

‘Leonardo Meeus put together an astute and up-to-date overview of the European Electricity Markets – how they function, the trials and errors that got them there, and the regulations that govern them. Both academics and practitioners, whether from Europe or elsewhere, would be well advised to consult this book before braving any expert discussion about electricity markets.’
– Frauke Thies, Smart Energy Europe, Belgium

‘A comprehensive, accurate and accessible overview of the evolution of electricity markets in Europe: a must-read for those who want to understand the importance of the European market integration process, the impact of network codes, the settled issues as well as the open ones that we still face today.’
– Christophe Gence-Creux, Agency for the Cooperation of Energy Regulators, Slovenia
Contents
Contents: Introduction Part I – How to trade and transport electricity across national borders? 1. Why did we start with electricity markets in Europe? 2. Who gets the rights to trade across borders? 3. How to calculate border trade constraints? 4. Who pays for the network when trade is international? Part II – How to combine electricity trade with system security to keep the lights on? 5. Who is responsible for balancing the system? 6. How to organize system operation and connection requirements? 7. How to ensure adequate investment in power plants? Part III - How to put the citizen at the centre of the energy transition? 8. How to put the citizen at the centre of the energy transition? Conclusion Index


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eISBN: 978 1 78990 547 2
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