The reform of the EU electricity market: An Italian point of view

Journal title ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Author/s Ester Benigni, Elisabetta Bourla, Fabio Conza, Stefano Nova
Publishing Year 2023 Issue 2023/2 Language Italian
Pages 13 P. 5-17 File size 164 KB
DOI 10.3280/EFE2023-002001
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

This article aims to provide a critical analysis of the European Commission communication for a reform of electricity market design, proposed primarily after the energy crisis deriving from the Russia-Ukraine conflict. In particular, the present document highlights some reflections for more in-depth analyses of the electricity market modelling trends in response to crisis factors of a purely endogenous nature (e.g. drought, heat waves, a gradual phasing out of electric power generation with regulating capacity and its replacement with intermittent generation, simultaneous stresses) in relation to a profoundly changing ecosystem.

Keywords: electricity market design, Italian electricity market, drought, simultaneous stresses.

Jel codes: Q48, D 47, L98

  1. ACER (2022). ACER’s Final Assessment of the EU Wholesale Electricity Market Design.
  2. ACER (2023). Wholesale Electricity Market Monitoring 2022 - High-level Analysis of Energy Emergency Measures.
  3. ARERA (2022). ARERA 2022 Annual report, based on data from the volume on “Technical Quality – Monitoring (RQTI 2022)” (Resolution 107/2022/R/idr).
  4. ARERA (2023). Resolution 247/2023/R/eel Operating criteria and conditions for the forward supply of electric storage capacity under Art. No. 18 of Legislative Decree No. 210 dated 8 November 2021.
  5. European Commission (2016). Directive 96/92 concerning common rules for the internal market in electricity.
  6. European Commission (2019). Directive 2019/944 on common rules for the internal market for electricity and amending Directive 2012//27/EU (recast).
  7. European Commission (2020). Communication 2020/299, “Powering a climate-neutral economy: An EU Strategy for Energy System Integration”.
  8. European Commission (2022). State of the Union 2022 – Address by President von der Leyen.
  9. European Commission (2023). Proposal for a regulation of the European Parliament and of the Council amending Regulations 2019/943 and 2019/942 as well as 2018/2001 and 2019/944 to improve the Union’s electricity market design.
  10. IPCC (2021). Sixth Assessment Report – Climate Change 2021, The Physical Science Basis.
  11. Proger (2023). Water Economy in Italy – Water targets 2040 for water security planning in Italy.
  12. Rte (2023). Bilan électrique 2022 – Un système électrique français resilient face à la crise énergétique.
  13. Terna (2023). Rapporto Adeguatezza Italia 2022.

Ester Benigni, Elisabetta Bourla, Fabio Conza, Stefano Nova, The reform of the EU electricity market: An Italian point of view in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 2/2023, pp 5-17, DOI: 10.3280/EFE2023-002001