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ID: 112325

Competition in the European electricity markets – outcomes of a Delphi study / Makkonen, Mari; Patari, Satu; Jantunen, Ari; Viljainen, Satu

Viljainen, Satu	Journal Article
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2012.

Summary/Abstract

Internal European electricity markets are a target set by the European Union (EU) and under development at present. This article presents the findings of a Delphi study focusing on the prospects of European electricity markets. The main aim is to report the obstacles that participants in the survey felt were the most critical ones affecting competition in the European electricity markets of the future. The respondents were European electricity market specialists, and the themes of the survey ranged from transmission networks and electricity trade to demand flexibility. One of the key findings was shared concern over the adequacy of transmission network capacity in Europe. It was considered that technical issues, such as existing transmission network bottlenecks, are most likely to form obstacles to creating common European electricity markets if new capacity is not built quickly enough. It was seen by the panellists that electricity trading arrangements, whilst important, are unlikely to form a barrier to the development of an internal electricity market. It was noted that electricity trading issues have recently been the subject of development work in the EU.

Key Words

Competition ; Electricity Markets ; Delphi Study

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ID: 111372

Russian electricity market reform: deregulation or re-regulation? / Gore, Olga; Viljainen, Satu; Makkonen, Mari; Kuleshov, Dmitry

Gore, Olga	Journal Article
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Publication

2012.

Summary/Abstract

Russia commenced liberalization of electricity prices in 2007 increasing the liberalization rate by 10-25% every six months. It was planned to reach full liberalization by 2011. Currently, the degree of liberalization is uncertain because of intense price regulation and a highly concentrated market in the hands of four large generating companies. Increased regulation and further consolidation may drive the market towards its pre-reform state. This paper analyses the competitive landscape of the Russian electricity market by assessing the ownership structure of electricity generation, price drivers, and government involvement in the electricity wholesale market in Russia. The main research question is why the targeted level of market liberalization has not been fully achieved in the Russian electricity market.

Key Words

Competition ; Reform ; Price Regulation

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