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Caspian Energy Journal Caspian European Club
Sunday, 21 June 2015 12:00

Europe aims for wider electricity market coordination

The European Union (EU) has long sought more reliable ways to produce and distribute electricity and to coordinate its energy markets, including greater cross-border trading of electricity. The February coupling of electricity markets in Italy and France marks the most recent step toward an integrated European market, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of the EIA.

With this achievement, the majority of EU power markets are now linked. While the EU has pursued a single electricity market since 1994, Europe's Agency for the Cooperation of Energy Regulators in 2011 made market integration one of its top priorities. To meet these goals, the EU has been working on aligning national market and network operation rules, or tariffs, for natural gas and electricity as well as making cross-border investment in energy infrastructure easier.

One reason the EU has explored a single electricity market is to expand wholesale electricity competition, with the intention of providing electricity at lower prices to customers through more efficient use of resources in Europe. In many European countries, wholesale generation markets are dominated by a single supplier. Poland is the only country in which the largest generating company has less than a 20% market share. 

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