Designing Multinational Electricity Balancing Markets

In today’s unbundled electricity markets, the balancing market is an intricate institutional arrangement that makes sure that the balance between electricity supply and demand is maintained. In the light of the development of a single electricity market in Europe, harmonization and integration of currently national balancing markets have...

Towards a single European electricity market: A structured approach to regulatory mode decision-making

This study focuses on the processes through which the rules and regulations that govern European electricity markets - and inherently, their integration process - are established. So far, European policy makers have largely followed a 'trial-and-error' approach to finding an appropriate regulatory mode (process) for dealing effectively with...