Abstract
Overview
Introduction
A Regional Transmission Organization (RTO) system is being touted by
continental energy utilities as a feasible alternative to the comprehensive
network unbundling presently debated by the EU Commission. By investigating
the US RTO model, it is possible to understand what are the practical
implications of such a model in Europe.
Scope
- An understanding of how the US Regional Transmission System operates and
its objectives.
- A projection of how Regional Transmission Organizations (RTOs) will become
part of the European energy landscape.
- Understand the role regulatory oversight plays in developing and
maintaining the RTO system.
Highlights
RTO grid networks cover more than two-thirds of the continental US, and are
pivotal in supporting an expanding US electricity market.
Despite a common EU framework for transmission network operations,
implementation at a national level is uneven. Progress on a European RTO
framework will require a strong supra-national electricity regulator.
Several of the first US RTOs were created on the back of existing exchanges.
Spain and Portugal, upon launching MIBEL, the electricity trading market, will
be well-placed to be the first European region to have an RTO in place.
Reasons to Purchase
- Gain valuable insight into the structure and functioning of the RTO system
in the United States.
- Understand what circumstances are needed in Europe for an RTO system to
become fully functional.
- Discern which regions in Europe may emerge with the first RTOs.
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