The benefits of integrating European electricity markets

By David Newbery, Goran Strbac, I. Viehoff. 2016

223 citations recorded by the source corpus.

The European Commission’s Target Electricity Model aims to integrate EU electricity markets. This paper estimates the potential benefit to the EU of coupling interconnectors to increase the efficiency of trading day-ahead, intra-day and sharing balancing services efficiently across borders. Further gains are possible by eliminating unscheduled flows and avoiding the curtailment of renewables with better market design. In the short run the gains could be as high as €3.3 billion/yr, more than 100% of the current gains from trade. About one-third of this total comes from day-ahead coupling and another third from shared balancing.

Subfields: Electrical and Electronic Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/61217daa1a41dc9d48a79da74134a57335028f0b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Electrical and Electronic Engineering

1. Michael Pollitt
2. David Newbery
3. W. Strielkowski
4. Robert A. Ritz
5. P. Joskow
6. Tooraj Jamasb
7. Pablo Arocena
8. C. Price

In Renewable Energy, Sustainability and the Environment

1. W. Strielkowski
2. Michael Pollitt
3. David Newbery
4. Robert A. Ritz

Citations in the corpus

• Market design for a high-renewables European electricity system (2018, background): “Newbery et al. (2016) estimate the benefits of integrating EU markets for a high-RES 2030 scenario.”