De Jong, H. M. and P. G. M. Giesbertz (2008). Integration of the Central West European Electricity Market. A Discussion in the Light of the Third European Legislative Package, pp. 1-7. In: Proceedings of the 16th Power Systems Computation Conference (PSCC2008), July 14-18 (2008). At: Glasgow, Scotland. [s.l.]: IIT, 2008. Eds. Graeme M. Burt. International Proceedings (refereed)
This paper focuses on recent electricity wholesale market integration experiences in the light of the third European legislative package and discusses the practical results of the market integration process within the Central West European market. Seven regions have been identified in the “Electricity Regional Initiative” of ERGEG. The cooperation between regulators and other entities in the Central-West Electricity Regional Energy Market has resulted into several real improvements towards market integration despite of the existing drawbacks in the current legal and regulatory framework. The objective of the European Commission with the third legislative package is to enforce the creation of a truly European single wholesale power market. The EC tackles the existing drawbacks by “getting the basics right”, although some critical remarks on the third Package can be made. As fast and full implementation of the third Package is very unlikely it is crucial to continue the regional approach within the current framework.