At the heart of Europe

As the rest of Europe has still to get fully to grips with cross-border energy trading in a liberalising environment, Germany, Austria and Switzerland are providing an example of a workable regional electricity market, says Eurof Thomas

None of the politicians who launched the process of competition onto the European electricity scene in the late 90s could have precisely foreseen the consequences of their actions.

Liberalisation has a long way to run yet and there are still many unknowns. International consultants Pricewaterhouse-Coopers said in January 2002’s Power Deals report that European power utilities in 2001 led the global field in cross-border electricity transactions. But the report also highlights that 2001 saw a

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