Roland Füss

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Prof. Dr.
Last Name
Füss
First name
Roland
Email
roland.fuess@unisg.ch
Phone
+41 71 224 70 01
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RePec
http://ideas.repec.org/e/pfs2.html
SSRN
http://ssrn.com/author=379221

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    Item type:Publication,
    Electricity Market Coupling in Europe: Status Quo and Future Challenges
    (World Scientific, 2020-03)
    Mahringer, Steffen
    ;
    Füss, Roland  
    ;
    Prokopczuk, Marcel
    ;
    Goutte, Stéphane
    ;
    Nguyen, Duc Khuong
    In electricity markets globally, market participants and policymakers increasingly focus on integrating adjacent, yet separate market areas via cross-border trade in electricity. Based on a discussion of the institutional framework for organizing cross-border trade, this chapter analyzes how spot and futures prices for wholesale electricity are affected by different degrees of market integration. We first contrast the two main mechanisms to allocate transmission capacity between neighboring markets: explicit and implicit auctions. Subsequently, we study the impact of these allocation schemes on the empirical price dynamics of major electricity markets in Europe. Our empirical analysis thereby confirms that under market coupling, economically inefficient cross-border flows in the wrong direction can be avoided. From a policy point of view, however, we show that further market integration can be hindered by individual energy market regulation on a national level, which may be opposed to supra-national frameworks such as market coupling.
    Type:book section
    URL:https://www.worldscientific.com/doi/10.1142/9789813278387_0005
    DOI:10.1142/9789813278387_0005
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/112368
    Scopus© Citations 2