IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v17y2024i21p5318-d1506686.html
   My bibliography  Save this article

Trend Analysis of Cross-Border Electricity Trading in Pan-European Network

Author

Listed:
  • Venizelos Venizelou

    (Cyprus Energy Regulatory Authority, P.O. Box 24936, Nicosia 2002, Cyprus)

  • Andreas Poullikkas

    (Cyprus Energy Regulatory Authority, P.O. Box 24936, Nicosia 2002, Cyprus)

Abstract

The long-term global target of facilitating energy security and optimizing resource utilization while supporting the transition to sustainable energy systems has led the pathway towards regional cooperation in the context of energy infrastructures and trading. Recent trends highlight the development of transnational energy grids, pipelines, and renewable energy projects, facilitating efficient distribution of electricity, gas, and other energy forms. These advancements offer benefits such as increased reliability of energy supply, cost savings through shared resources, and strengthened relationships between countries. However, challenges persist, including regulatory differences, geopolitical tensions, alignment of market rules as well as substantial investment requirements in infrastructure and technology. Addressing these challenges necessitates harmonized policies, robust legal frameworks, and cooperative international governance, which are crucial for effective cross-border energy trading. The aim of the work is to present the current landscape as well as analyze the latest trends and developments in the dynamic field of electricity interconnectors, providing insights into its trajectory and implications for the European internal energy market.

Suggested Citation

  • Venizelos Venizelou & Andreas Poullikkas, 2024. "Trend Analysis of Cross-Border Electricity Trading in Pan-European Network," Energies, MDPI, vol. 17(21), pages 1-44, October.
  • Handle: RePEc:gam:jeners:v:17:y:2024:i:21:p:5318-:d:1506686
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/17/21/5318/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/17/21/5318/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Escribano, Gonzalo & González-Enríquez, Carmen & Lázaro-Touza, Lara & Paredes-Gázquez, Juandiego, 2023. "An energy union without interconnections? Public acceptance of cross-border interconnectors in four European countries," Energy, Elsevier, vol. 266(C).
    2. Ocker, Fabian & Jaenisch, Vincent, 2020. "The way towards European electricity intraday auctions – Status quo and future developments," Energy Policy, Elsevier, vol. 145(C).
    3. Yang, Yuting, 2022. "Electricity interconnection with intermittent renewables," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
    4. Alangi, Somayeh Rahimi & Bjørndal, Endre & Bjørndal, Mette, 2022. "Can the European intraday market be designed as a congestion management tool?," Energy Economics, Elsevier, vol. 113(C).
    5. Poplavskaya, Ksenia & Totschnig, Gerhard & Leimgruber, Fabian & Doorman, Gerard & Etienne, Gilles & de Vries, Laurens, 2020. "Integration of day-ahead market and redispatch to increase cross-border exchanges in the European electricity market," Applied Energy, Elsevier, vol. 278(C).
    6. Newbery, David & Gissey, Giorgio Castagneto & Guo, Bowei & Dodds, Paul E., 2019. "The private and social value of British electrical interconnectors," Energy Policy, Elsevier, vol. 133(C).
    7. Zhang, Yuhan & Wang, Shunliang & Liu, Tianqi & Zhang, Shu & Lu, Qingyuan, 2021. "A traveling-wave-based protection scheme for the bipolar voltage source converter based high voltage direct current (VSC-HVDC) transmission lines in renewable energy integration," Energy, Elsevier, vol. 216(C).
    8. Jha, Amit Prakash & Mahajan, Aarushi & Singh, Sanjay Kumar & Kumar, Piyush, 2022. "Renewable energy proliferation for sustainable development: Role of cross-border electricity trade," Renewable Energy, Elsevier, vol. 201(P1), pages 1189-1199.
    9. Crozier, Constance & Baker, Kyri, 2022. "The effect of renewable electricity generation on the value of cross-border interconnection," Applied Energy, Elsevier, vol. 324(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Celades, Eloy & Pérez, Emilio & Aparicio, Néstor & Peñarrocha-Alós, Ignacio, 2024. "Tool for optimization of sale and storage of energy in wind farms," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 224(PB), pages 2-18.
    2. Liu, Yang & Jiang, Zhigao & Guo, Bowei, 2022. "Assessing China’s provincial electricity spot market pilot operations: Lessons from Guangdong province," Energy Policy, Elsevier, vol. 164(C).
    3. Jean-Henry Ferrasse & Nandeeta Neerunjun & Hubert Stahn, 2021. "Managing intermittency in the electricity market," Working Papers halshs-03154612, HAL.
    4. Xu, Fangyuan & Zhu, Weidong & Wang, Yi Fei & Lai, Chun Sing & Yuan, Haoliang & Zhao, Yujia & Guo, Siming & Fu, Zhengxin, 2022. "A new deregulated demand response scheme for load over-shifting city in regulated power market," Applied Energy, Elsevier, vol. 311(C).
    5. Rebeca Ramirez Acosta & Chathura Wanigasekara & Emilie Frost & Tobias Brandt & Sebastian Lehnhoff & Christof Büskens, 2023. "Integration of Intelligent Neighbourhood Grids to the German Distribution Grid: A Perspective," Energies, MDPI, vol. 16(11), pages 1-16, May.
    6. Ambec, Stefan & Yang, Yuting, 2024. "Climate policy with electricity trade," Resource and Energy Economics, Elsevier, vol. 76(C).
    7. Tselika, Kyriaki & Tselika, Maria & Demetriades, Elias, 2024. "Quantifying the short-term asymmetric effects of renewable energy on the electricity merit-order curve," Energy Economics, Elsevier, vol. 132(C).
    8. Do, Hung Xuan & Nepal, Rabindra & Jamasb, Tooraj, 2020. "Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets," Energy Economics, Elsevier, vol. 92(C).
    9. Schönheit, David & Bruninx, Kenneth & Kenis, Michiel & Möst, Dominik, 2022. "Improved selection of critical network elements for flow-based market coupling based on congestion patterns," Applied Energy, Elsevier, vol. 306(PA).
    10. Ambec, Stefan & Crampes, Claude, 2021. "Real-time electricity pricing to balance green energy intermittency," Energy Economics, Elsevier, vol. 94(C).
    11. Eicke, Anselm & Schittekatte, Tim, 2022. "Fighting the wrong battle? A critical assessment of arguments against nodal electricity prices in the European debate," Energy Policy, Elsevier, vol. 170(C).
    12. Montoya, L.G. & Guo, B. & Newbery, D. & Dodds, P.E. & Lipman, G. & Castagneto Gissey, G., 2020. "Measuring inefficiency in international electricity trading," Energy Policy, Elsevier, vol. 143(C).
    13. Christopher Jahns, 2024. "Investigating Inefficiencies in the German Rental Housing Market: The Impact of Disclosing Total Costs on Energy Efficiency Appreciation," EWL Working Papers 2406, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Aug 2024.
    14. Girod, Marie & Donnot, Benjamin & Dussartre, Virginie & Terrier, Viktor & Bourmaud, Jean-Yves & Perez, Yannick, 2024. "Bid filtering for congestion management in European balancing markets – A reinforcement learning approach," Applied Energy, Elsevier, vol. 361(C).
    15. Wang, Shuoshuo & Tuo, Yongxiao & Zhu, Xiaoli & Li, Fulai & Bai, Zhang & Gu, Yucheng, 2024. "Systematic assessment for an integrated hydrogen approach towards the cross-regional application considering solar thermochemical and methanol carrier11The short version of the paper was presented at ," Applied Energy, Elsevier, vol. 370(C).
    16. Yu Sun & Zhiqiang Ma & Xiaomeng Chi & Jiaqi Duan & Mingxing Li & Asad Ullah Khan, 2024. "Decoding the Developmental Trajectory of Energy Trading in Power Markets through Bibliometric and Visual Analytics," Energies, MDPI, vol. 17(15), pages 1-23, July.
    17. Newbery, David, 2023. "Wind, water and wires: Evaluating joint wind and interconnector capacity expansions in hydro-rich regions," Energy Economics, Elsevier, vol. 117(C).
    18. Eicke, Anselm & Ruhnau, Oliver & Hirth, Lion, 2021. "Electricity balancing as a market equilibrium: An instrument-based estimation of supply and demand for imbalance energy," Energy Economics, Elsevier, vol. 102(C).
    19. Bucksteeg, Michael & Voswinkel, Simon & Blumberg, Gerald, 2024. "Improving flow-based market coupling by integrating redispatch potential―Evidence from a large-scale model," Energy Policy, Elsevier, vol. 188(C).
    20. Sylvain Cros & Jordi Badosa & André Szantaï & Martial Haeffelin, 2020. "Reliability Predictors for Solar Irradiance Satellite-Based Forecast," Energies, MDPI, vol. 13(21), pages 1-21, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:17:y:2024:i:21:p:5318-:d:1506686. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.