Integration of electricity markets in Europe: Relevant issues for Italy |
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Authors: | Anna Creti Eileen Fumagalli Elena Fumagalli |
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Affiliation: | 1. IEFE (Centre for Research on Energy and Environmental Economics and Policy), Università Bocconi, via G. Roentgen, 1, 20136 Milano, Italy;2. DIG (Department of Management, Economics and Industrial Engineering), Politecnico di Milano, P.za Leonardo da Vinci, 32, 20133, Milano, Italy;3. EconomiX, Université Paris Ouest Nanterre La Défense, 200, Avenue de la République 92001 Nanterre Cedex, France |
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Abstract: | In this paper, we analyze the current trend towards a higher degree of market integration in Europe and identify those aspects that are particularly relevant for Italy. The Italian involvement in this process appears comparatively modest. A welfare analysis, which focuses specifically on the integration of the Italian market, will certainly be a useful support to any policy decision. We argue that, given the peculiarities of the Italian market design, a volume coupling solution could avoid, at the moment, the costs of what could be a significant harmonization effort and, in the end, it might constitute the best short-term strategy. This proposal should be adequately considered, taking into account the complexity of designing an efficient volume-only coordination procedure. |
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Keywords: | Wholesale electricity markets Market integration Congestion management |
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