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Modern View
TARGET MODEL
(2)
answer(s).
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Item
1
ID:
117280
Ensuring compatibility of the all-island electricity system wit: fitting a square peg into a round hole?
/ Gorecki, Paul K
Gorecki, Paul K
Journal Article
0 Rating(s) & 0 Review(s)
Publication
2013.
Summary/Abstract
The all-island wholesale electricity market, SEM, has to comply with the Target Model by 2016. SEM has worked well for consumers through mitigating market power, facilitating entry and ensuring adequate generation capacity, problems that will persist. But the SEM is a mandatory pool with central dispatch, the Target Model is a self dispatch with bilateral contracts. Minimal change to the SEM in complying with the Target Model is preferable to reinvention of SEM. The latter option might be appropriate when the EU internal electricity market is complete and the all-island market has sufficient interconnection to participate fully in that market.
Key Words
Target Model
;
Single Electricity Market
;
Third Package
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2
ID:
168651
Market design of an energy exchange: the case of Greece
/ Loannidis, Filippos
Loannidis, Filippos
Journal Article
0 Rating(s) & 0 Review(s)
Summary/Abstract
Driven by the liberalization of the energy market that began in the 1990s, the European Union aims to unify its internal market and achieve price convergence among all European economies. The majority of European countries have successfully established power exchanges, aiming to conduct cross-border transactions in a transparent and reliable manner. This paper provides a comprehensive overview of prior literature on the market design of the European Power Exchanges. It also identifies recent developments in the electricity market in Greece and describes the structure of the Hellenic Energy Exchange and the markets that will be formed in the future. These upcoming markets are expected to provide greater flexibility to all market participants. At the same time, the Hellenic Energy Exchange is expected to facilitate the integration of Greece into the rest South East European electricity markets.
Key Words
Market Design
;
Target Model
;
Power Exchange
;
Hellenic Energy Exchange
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