Energy market integration and electricity trade

This paper explores energy trade in the electricity market by undertaking a comprehensive empirical analysis of the effect of Europe's progressive Energy Market Integration (EMI). Its aim is to quantify the effect of EMI on electricity trade in Europe in order to derive corresponding evidenced-...

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Autores: Batalla Bejerano, Joan Antoni, Paniagua, Jordi, Trujillo-Baute, Elisa
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2019
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/158043
Acceso en línea:https://hdl.handle.net/2445/158043
Access Level:acceso abierto
Palabra clave:Energia
Recerca industrial
Innovacions tecnològiques
Energy
Industrial research
Technological innovations
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spelling Energy market integration and electricity tradeBatalla Bejerano, Joan AntoniPaniagua, JordiTrujillo-Baute, ElisaEnergiaRecerca industrialInnovacions tecnològiquesEnergyIndustrial researchTechnological innovationsThis paper explores energy trade in the electricity market by undertaking a comprehensive empirical analysis of the effect of Europe's progressive Energy Market Integration (EMI). Its aim is to quantify the effect of EMI on electricity trade in Europe in order to derive corresponding evidenced- based policy implications. The empirical strategy employs standard goods trade gravity models, adapted to energy trade in the electricity market and estimated using standard gravity techniques. We use energy trade flows between European countries to quantify the effect of the successive EMI enlargements on energy flows. The paper highlights relevant fact-based policy implications for integrating electricity markets. Our results suggest that EMI creates electricity trade among members, but also diverts trade between non-members. Two main mechanisms appear to account for the EMI effect: namely, market enlargement and the integration of electricity markets.International Association for Energy Economics2020202220192020info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion15 p.application/pdfhttps://hdl.handle.net/2445/158043Articles publicats en revistes (Economia)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/10.5547/2160-5890.8.2.jbatEconomics of Energy & Environmental Policy, 2019, vol. 8, num. 2, p. 53-67https://doi.org/10.5547/2160-5890.8.2.jbat(c) International Association for Energy Economics, 2019info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1580432026-05-29T05:05:01Z
dc.title.none.fl_str_mv Energy market integration and electricity trade
title Energy market integration and electricity trade
spellingShingle Energy market integration and electricity trade
Batalla Bejerano, Joan Antoni
Energia
Recerca industrial
Innovacions tecnològiques
Energy
Industrial research
Technological innovations
title_short Energy market integration and electricity trade
title_full Energy market integration and electricity trade
title_fullStr Energy market integration and electricity trade
title_full_unstemmed Energy market integration and electricity trade
title_sort Energy market integration and electricity trade
dc.creator.none.fl_str_mv Batalla Bejerano, Joan Antoni
Paniagua, Jordi
Trujillo-Baute, Elisa
author Batalla Bejerano, Joan Antoni
author_facet Batalla Bejerano, Joan Antoni
Paniagua, Jordi
Trujillo-Baute, Elisa
author_role author
author2 Paniagua, Jordi
Trujillo-Baute, Elisa
author2_role author
author
dc.subject.none.fl_str_mv Energia
Recerca industrial
Innovacions tecnològiques
Energy
Industrial research
Technological innovations
topic Energia
Recerca industrial
Innovacions tecnològiques
Energy
Industrial research
Technological innovations
description This paper explores energy trade in the electricity market by undertaking a comprehensive empirical analysis of the effect of Europe's progressive Energy Market Integration (EMI). Its aim is to quantify the effect of EMI on electricity trade in Europe in order to derive corresponding evidenced- based policy implications. The empirical strategy employs standard goods trade gravity models, adapted to energy trade in the electricity market and estimated using standard gravity techniques. We use energy trade flows between European countries to quantify the effect of the successive EMI enlargements on energy flows. The paper highlights relevant fact-based policy implications for integrating electricity markets. Our results suggest that EMI creates electricity trade among members, but also diverts trade between non-members. Two main mechanisms appear to account for the EMI effect: namely, market enlargement and the integration of electricity markets.
publishDate 2019
dc.date.none.fl_str_mv 2019
2020
2020
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/158043
url https://hdl.handle.net/2445/158043
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.5547/2160-5890.8.2.jbat
Economics of Energy & Environmental Policy, 2019, vol. 8, num. 2, p. 53-67
https://doi.org/10.5547/2160-5890.8.2.jbat
dc.rights.none.fl_str_mv (c) International Association for Energy Economics, 2019
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) International Association for Energy Economics, 2019
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 15 p.
application/pdf
dc.publisher.none.fl_str_mv International Association for Energy Economics
publisher.none.fl_str_mv International Association for Energy Economics
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.811543

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