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

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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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