Financial Transmission Rights in Europe’s Electricity Market
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In the European electricity market, transmission rights currently evolve from a physical to a financial nature. This requires a fundamental change in the underlying market design and the institutional setup. This paper applies the framework of congestion r ...
In the light of the ongoing electricity market integration in Europe, the debate has turned to a more regional approach of network access. Among other things, this leads to new questions with regard to the handling of congestion revenues. This paper explor ...
An efficient and non-discriminatory capacity allocation and congestion management is a core task of transmission system operators in any restructured electricity sector. For historic reasons, the allocation of transmission capacity in the European electric ...
Several regulatory changes in Europe's electricity sector have stimulated competition in the market. National power companies, with monopolistic structures, have evolved into competitive entities, creating increased choices for consumers. Electricity price ...
