European power utility organisation Eurelectric has drawn up a ‘road map’ for a pan-continental power market. The group rejects claims that a single, harmonised set of power market rules is crucial to integration, saying that regional markets were “a pragmatic intermediary step towards the internal electricity market.”
The organisation went on to say that as long as regional markets did not diverge, they could grow and eventually merge through a series of strongly linked wholesale markets.
Eurelectric envisages four parallel streams of development including liberalisation of national markets over the next two years, inter-regional development through to 2009, co-ordination of transmission, regulation and power exchanges over the next five years and full market integration between 2007 and 2012.
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