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The cost of non-Europe in the Single Market for energy
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The cost of non-Europe in the Single Market for energy
Publication metadata
This Cost of Non-Europe report is designed to contribute to a clearer understanding of the potential benefits of building a more open and competitive internal energy market in the European Union. Many gaps and barriers are identified from reviewing the existing literature. Each represents a specific cost for the EU citizens and is a missed opportunity to maximise economic welfare. Four
illustrative cases are explored in detail. A common balancing market, for instance, would create large efficiency gains, estimated to be in the region of EUR 600-900 million per year. The specific case of regulated prices showed that about EUR 720 million could be saved per year in a country of the size of Spain or Poland. Progress in increasing the level of integration and interaction in the single energy market is also far from being satisfactory. Moving from a national, towards a full-integration scenario in the electricity sector alone would mean a decrease in total system cost of EUR 6 billion.
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Published:
2016-05-24
Corporate author(s):
Directorate-General for Internal Policies of the Union
(
European Parliament
)
Personal author(s):
Del Monte, Micaela
Themes:
Energy policy
,
Trade — Competition
Subject:
competitiveness
,
energy industry
,
energy policy
,
single market
PDF
ISSN
ISBN
978-92-823-4360-9
DOI
10.2861/20053
Catalogue number
BA-32-13-349-EN-N
PDF
ISBN
978-92-823-4360-9
DOI
10.2861/20053
Catalogue number
BA-32-13-349-EN-N
Paper
ISSN
ISBN
978-92-823-4361-6
DOI
10.2861/20067
Catalogue number
BA-32-13-349-EN-C
Paper
ISBN
978-92-823-4361-6
DOI
10.2861/20067
Catalogue number
BA-32-13-349-EN-C
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