Authors: Thomas Gruber
Publish Date: 2007/08/16
Volume: 8, Issue: 3, Pages: 417-426
Abstract
Crossborder trade in electricity and gas faces various obstacles such as ineffective transmission system operator unbundling and lack of sufficient interconnection capacity The latter obstacle often results from longterm reservation agreements dating back to preliberalisation times which may lead to market foreclosure Additionally crossborder coordination between national regulatory authorities is underdeveloped All of these factors slow down the process of market integration making the goal of establishing an internal energy market in the near future appear unrealistic In January 2007 the European Commission proposed a package of measures to establish a new energy policy for Europe which may bring the whole liberalisation process back on track
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