European power market coupling marches on
Market coupling projects continue to spread across Europe, bringing the market closer to achieving a single power price – but challenges still lie ahead. In the first article in a series focusing on European power markets, Gillian Carr looks at the next steps for market coupling
The European power market coupling project, an initiative to integrate transmission allocation and power trading across borders, took several solid steps forward in 2011 on its journey towards the European Council’s ‘target model’ of a single electricity market with one price for power.
This year sees the next concrete phase with the north western European (NWE) project coming on line, providing the largest market coupling yet connecting the Nordic region to the existing central western European
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