Abstract
Overview
Introduction
Power transmission networks are the vital link in the electricity value chain,
transporting power from generation suppliers to distibution for end users. By
analysing the TSO operating environment it is possible to understand how they
will fare in the face of ever increasing liberalisation.
Scope
- An overview of the European TSO landscape, and the pivotal role the
electricity transmission system plays in promoting competition within the
sector.
- An understanding of the development of EU legislation and policies
regarding transmission system operators.
- An in-depth analysis of the different stages of TSO independence
development in key European markets.
- A comparison of the profitability of independent TSOs and those embedded
in vertically-integrated utilities.
Report Highlights
Eleven of the twenty markets assessed have gone beyond the legal separation
requirement of the Second EU Electricity Directive, with full ownership
separation of power networks.
The relatively high profitablity of TSOs belonging to vertically integrated
utilities is a strong disincentive to divest by vertically integrated
utilities.
Congestion management is one of the most important operational issues facing
TSOs. It is forcing TSOs to become increasingly inter-linked, using a variety
of mechanisms. For example, Belgium, the Netherlands and the UK use market
coupling to syncronise their power imports and exports to manage transmission
congestion.
Reasons to Purchase
- Discern the consequences of network unbundling on vertically integrated
utilities.
- Understand the potential conflicts of introducing a regional transmission
organisation in Europe.
- Understand how national TSOs mitigate cross-border congestion by employing
market based methods such as market coupling.
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