Benefits of an integrated European electricity market
Benefits of an integrated European electricity market / Veit Böckers, Justus Haucap & Ulrich Heimeshoff. Düsseldorf Institute for Competition Economics, September 2013, 57 p. (DICE Discussion Paper, No. 109)
This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM) and (3) a lack of harmonization of national support schemes for renewable energies.