Regional Electricity Markets in the ECT Area
Article from: OGEL 5 (2004), in The Energy Charter Treaty
Introduction
This study examines the current structure of the electricity industry in the Eurasian Energy Charter Treaty (ECT) area, focusing on existing and potential trade in electricity. The underlying premise is that there are several benefits of a more liberal trade regime. In general, these include improved security of supply thanks to a more diversified supply portfolio (both geographically and by fuel type) and improved economic efficiency due to the economies of scale. The technical benefits for the electricity sector are lower reserve margin requirements and reduced peak loads in integrated ...