Publications / Articles
Preconditions of Electricity Market Integration in Seven Central and Southern Eastern European CountriesPublished: 1 of January, 2006

This review is carries out to assess the potential of greater integration in the Central European electricity market which would fit the requirements of Directive 54/2003/EC and connected regulations. First I will summarise the essential features of national market structures and try to identify those structural elements that might prevent competition from developing in domestic markets. Beyond these impediments I also try to identify local "best practices" from a market integration perspective. After the brief national level analyses a comparison of market design issues of the seven markets - most critical from a market integration perspective - follows. The study focuses on the generation and wholesale level issues and pays less attention to demand and retail. This comes from the conviction that wholesale level market integration should be the primary target for market integration efforts in the short run.