The EU electricity network codes
Title: The EU electricity network codes
Series/Number: Florence School of Regulation Energy; 2018
External link: http://fsr.eui.eu/energy/
The EU network codes and guidelines are a detailed set of rules pushing for the harmonisation of national electricity markets and regulations. A total of eight network codes and guidelines entered into force by the end of 2017: three grid connection codes, three market codes and two (system) operation codes. This text focuses on the market codes (FCA, CACM and EBGL) and their interaction with the system operation guideline (SOGL). More precisely, this text is intended to guide the reader through the sequence of electricity markets in place in the EU: forward markets, the day-ahead market, the intraday market and finally the balancing markets. First, the establishment of these different markets in a national context is discussed, then their integration. In each section basic market design concepts are explained, we highlight what is in the codes, and we also refer to some of the relevant academic literature.
Subject: National electricity wholesale markets; Integration of national electricity wholesale markets; National electricity balancing markets; Integration of national electricity balancing markets; European regulation
Type of Access: openAccess
Files in this item
Showing items related by title, author, creator and subject.
Title:The directive concerning common rules for the internal market in electricity in the frame of the competition and internal market rules of the EC-Treaty - towards liberalisation of the European electricity markets? Author(s):PFRANG, ElviraDate:1998Citation:Florence, European University Institute, 1998Type:ThesisSeries/Number:EUI LLM theses; Department of Law
Title:A Game Theoretic Model for Generation Capacity Adequacy in Electricity Markets: Comparison between Investment Incentive Mechanisms in Electricity Markets Author(s):KHALFALLAH, HaikelDate:2011Citation:Energy Journal, 2011, 32, 4, 119-59Type:ArticleAbstract:In this paper we study the problem of long-term capacity adequacy in electricity markets. We implement a dynamic model in which operators compete for investment and electricity production under imperfect Cournot competition. ...
Title:A conceptual framework for the evolution of the operation and regulation of electricity transmission systems towards a decarbonised and increasingly integrated electricity system in the EU Author(s):GLACHANT, Jean-Michel; VASCONCELOS, Jorge; RIOUS, VincentDate:2015Type:Technical ReportSeries/Number:Florence School of Regulation; 2015; Research ReportsAbstract:The electricity industry is undergoing major changes mainly dictated by the need to simultaneously accomplish integration of European energy markets and build a low-carbon economy. This process was facilitated if not ...