EU spot prices and industry structure: assessing electricity market integration

摘要: Purpose – The aim of this paper is to assess the state spot price convergence between several European electricity day‐ahead markets.Design/methodology/approach concept a fully integrated market developed through arbitrage relationship in which prices at one location should equal another plus transmission. Accordingly, neighbouring markets are analysed measure relevance or their respective interconnecting and transmission constraints. Exploratory data approach used results discussed, namely by correlation analysis.Findings This empirically shows that differences have decreased during period, suggesting integration might be rising. analysis indicates very few relationships these continental power exchanges, what makes us anticipate continuing difficulties building single market. Nevertheless, there some evidence for loc...