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Energy Integration in European Power Sector

Author

Listed:
  • Wadim Strielkowski

    (Faculty of International Relations, University of Economics, Prague, Winston Churchill Sq. 4, 130 67 Prague 3, Czech Republic)

  • Michal Mirvald

    (Faculty of Economics, University of Economics, Prague, Winston Churchill Sq. 4, 130 67 Prague 3, Czech Republic)

  • Michael Pedersen

    (University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3, Prague, Czech Republic.)

Abstract

This paper provides essential background of European power sector and discusses the theoretical background for its integration. Our work employs real-life statistics on the state of integration in order to find out what future development might be in place for this key sector of European economy. It can be shown that while some interest groups are losing on integration, others win. This issue enables us to discuss the delegation of control over the power market delegated to European entities. Our results demonstrate that there are considerable economic gains stemming from integration that are subjected to price variations and efficiency in using the power. Moreover, we explain how the power market on the EU-level implements reforms that might lead to the more integrated European power network.

Suggested Citation

  • Wadim Strielkowski & Michal Mirvald & Michael Pedersen, 2014. "Energy Integration in European Power Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 506-515.
    • Handle: RePEc:eco:journ2:2014-04-02
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    References listed on IDEAS

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    More about this item

    Keywords

    economic integration; energy economics; European Union; national power exchange;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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