Measures to Secure Electricity Supply
Article from: OGEL 3 (2004), in Electricity Law and Regulation
The process of market opening in the European Union started at a time when, generally speaking, there was excess reserve capacity in the system. One of the consequences of market opening and the drive for more efficiency in the sector is a closure of this excess capacity. However, the costs to society of a shortage in the supply of electricity are much higher, as the electricity supply crisis in California has shown. In the peripheral markets of Ireland, Scandinavia, Italy, Greece and the Iberian Peninsula, a trend towards capacity insufficiency is visible at times. It ...