Type: Working Paper
Why (and how) to regulate Power Exchanges in the EU market integration context?
Working Paper, EUI RSCAS, 2010/12, Florence School of Regulation, Energy
MEEUS, Leonardo, Why (and how) to regulate Power Exchanges in the EU market integration context?, EUI RSCAS, 2010/12, Florence School of Regulation, Energy - https://hdl.handle.net/1814/13515
Retrieved from Cadmus, EUI Research Repository
Power Exchanges (PXs) are key market institutions in open and market-based electricity industries. This paper aims at contributing to the ongoing debate on why and how to regulate Power Exchanges in the EU market integration context. The paper starts by stating that two different types of PXs have to be distinguished, i.e. “Merchant” PXs and the “Cost of Service Regulated” PXs. The paper continues by comparing the typical incentives of these two types of PXs to perform the basic PX tasks in an isolated national market and in a market integration context. The paper concludes by deriving from this analytical frame the most relevant regulatory actions.
Cadmus permanent link: https://hdl.handle.net/1814/13515
Series/Number: EUI RSCAS; 2010/12; Florence School of Regulation; Energy
Keyword(s): Regulation Exchanges Grid access Power Markets
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