Latest IENE Working Paper Highlighted the Integration of SEE Electricity Markets and the Impact on Industry

Monday, 25 January 2021

Latest IENE Working Paper Highlighted the Integration of SEE Electricity Markets and the Impact on Industry

On January 19, the Institute of Energy for SE Europe (IENE) uploaded its latest Working Paper No. 30 (see here), which addresses the future of electricity market in Greece and in SE Europe following latest developments by making a projection of the operation of the electricity market at a regional level.

On January 19, the Institute of Energy for SE Europe (IENE) uploaded its latest Working Paper No. 30 (see here), which addresses the future of electricity market in Greece and in SE Europe following latest developments by making a projection of the operation of the electricity market at a regional level.

An extensive record of current and anticipated changes in the organizational framework of the regional electricity markets and electricity system infrastructure of Greece, Albania, Bulgaria, Romania, Serbia, Kosovo, Montenegro, Bosnia and Herzegovina and North Macedonia is presented. This is followed by a comprehensive modeling simulation of the performance of the regional Electricity Market of SE Europe that provides a glimpse of all aspects of the operation of the regional electricity market, as well as the volume of cross border electricity trade and electricity prices for all regional consumers at wholesale and retail level for the period 2020-2030. In short, the present Working Paper constitutes a useful tool for understanding the structure of electricity markets in SE Europe and in assessing future electricity market performance in the SEE region under a certain set of parameters.

The quantitative analysis of the Electricity Market of SE Europe was performed by E3 Modelling, under the guidance of Prof. Pantelis Capros, Scientific Coordinator of E3 Modelling, Professor of Energy Economics at National Technical University of Athens and Chairman of IENE’s Scientific Council.

This Working Paper is in essence the Executive Summary of IENE’s Study on the "The Integrated Electricity Markets in Greece and SE Europe, the Role of the International Electricity Interconnections and the Impact on Industry” (IENE Study M54), which was completed in April 2020. This major IENE Study Project was financially supported by a number of companies and organizations whose valuable contribution and support is acknowledged with great thanks. The following companies acted as sponsors of the Study: Hellenic Union of Industrial Consumers of Energy (UNICEN), Elpedison SA, HERACLES Group of companies, Mytilineos SA, ElvalHalcor SA and TITAN Cement Group.
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