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Developments along the road to an integrated European electricity marketPublished: 1 of September, 2014

One of the principal goals of the European Union is to implement an integrated European electricity market. Despite the fact that the unification of the day-ahead market coupling by the original deadline of the end of 2014 is unlikely to be met, significant integration activities have taken place on the European electricity markets recently. This study summarises recent developments and anticipates future developments in achieving day-ahead market coupling. The main advantage of market coupling is that it provides an opportunity for employing the so-called implicit auction, where the electricity and the capacity rights are sold to the market participants together as tied products.