A catalogue of European power

In October 2001, the European Commission report, Electricity liberalisation indicators in Europe, pointed out that wholesale electricity trading markets “provide means of hedging the risks associated with market competition and variations in system balancing regimes. The structure and operation of wholesale markets can, therefore, provide a good indication of both the state of liberalisation and the potential for development.” Liz Bossley and Greta Jacobs examine the development of electricity exchanges across Europe