In the evolution of electricity markets in Europe, day-ahead markets have received most attention. It took a long time to integrate these markets, but the process is almost complete. What was considered impossible at the start has been achieved. Intraday markets have been slower in their development, but they are becoming more important with the transition to renewable energy. In balancing markets, the definition of standard products and the creation of European platforms to exchange these products across borders is a relatively new ambition, but much has been achieved in a relatively short time. Of course, the devil is in the details, so implementation in the coming years will need to be closely monitored.
Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.
Developments, Policies and Enforcement Trends in the US and Korea
Edited by Jay P. Choi, Wonhyuk Lim and Sang-Hyop Lee
In this exciting new book, an international team of experts compare market structures, in both global and Korean contexts, particularly focusing on the impact of foreign competition on market concentration and ways to improve market structure. It thoroughly investigates core competition problems, including international abuses of dominance, mergers and collusion, and vertical restraints. Contributions move beyond explaining the laws and practices of enforcement agencies, offering readers an insight into the trend of an ever-increasing interdependence among national economies, complemented by analyses of recent developments in the US and Canada.