Integration of electricity markets in Europe: Relevant issues for Italy
In this paper, we analyze the current trend towards a higher degree of market integration in Europe and identify those aspects that are particularly relevant for Italy. The Italian involvement in this process appears comparatively modest. A welfare analysis, which focuses specifically on the integration of the Italian market, will certainly be a useful support to any policy decision. We argue that, given the peculiarities of the Italian market design, a volume coupling solution could avoid, at the moment, the costs of what could be a significant harmonization effort and, in the end, it might constitute the best short-term strategy. This proposal should be adequately considered, taking into account the complexity of designing an efficient volume-only coordination procedure.
Year of publication: |
2010
|
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Authors: | Creti, Anna ; Fumagalli, Eileen ; Fumagalli, Elena |
Published in: |
Energy Policy. - Elsevier, ISSN 0301-4215. - Vol. 38.2010, 11, p. 6966-6976
|
Publisher: |
Elsevier |
Keywords: | Wholesale electricity markets Market integration Congestion management |
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