Table of Contents
- DATAMONITOR VIEW
- CATALYST
- EU energy liberalization and increasing inter-regional power trade are
the major challenges facing transmission system operators
- SUMMARY
- ANALYSIS
- Multi-regional cooperation will increase, yet transmission systems will
retain their national identity
- Congestion management is the single most important operational issue
facing TSOs
- Grid interconnection systems are used to enhance congestion management
- Inter-TSO linkages will increase, but will maintain their separate
identities
- The Nordic region has achieved a high level of network harmonization
- Vertically integrated utilities have no incentive to divest their
network assets
- The relative high profitability of TSO subsidiaries will be a strong
disincentive to divest by the vertically integrated utilities
- Ownership unbundling would have the highest impact on German and
Austrian vertically integrated utilities
- In the US, independent TSOs have merged into Regional Transmission
Organizations
- The RTO model is inconsistent with the goal of full market
liberalization
- Despite EU legislation, TSO independence is unresolved
- EU energy policies seek to open grid networks to competition
- EU legislation has consistently focused on stimulating electricity
network competition
- Structural network unbundling is the major catalyst for grid network
reform
- Full ownership unbundling is already common across Europe
- Electricity transmission systems are key in achieving overall European
power market liberalization
- The Transmission system operator is the link between power supply and
demand
- Ownership and control of grid networks vary across Europe
- Ownership and control of grid networks vary across Europe
- TSOs belonging to vertically integrated utilities play little or no
role in organized wholesale power markets
- The models employed to regulate TSO tariffs by regulators are hardly
uniform
- APPENDIX
- Definitions
- Methodology
- Further reading
- Datamonitor Consultancy
- Ask the Analyst
- Disclaimer
- List of Figures
- Figure 1: European TSO organizations
- Figure 2: 2005 Return on Assets
- Figure 3: EU legislation has consistently focused on simulating
electricity network competition
- Figure 4: Transmission grid system independence
- Figure 5: TSO ownership structure - Part I
- Figure 6: TSO ownership structure - Part II
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