Trend Analysis of Cross-Border Electricity Trading in Pan-European Network

The long-term global target of facilitating energy security and optimizing resource utilization while supporting the transition to sustainable energy systems has led the pathway towards regional cooperation in the context of energy infrastructures and trading. Recent trends highlight the development of transnational energy grids, pipelines, and renewable energy projects, facilitating efficient distribution of electricity, gas, and other energy forms. These advancements offer benefits such as increased reliability of energy supply, cost savings through shared resources, and strengthened relationships between countries. However, challenges persist, including regulatory differences, geopolitical tensions, alignment of market rules as well as substantial investment requirements in infrastructure and technology. Addressing these challenges necessitates harmonized policies, robust legal frameworks, and cooperative international governance, which are crucial for effective cross-border energy trading. The aim of the work is to present the current landscape as well as analyze the latest trends and developments in the dynamic field of electricity interconnectors, providing insights into its trajectory and implications for the European internal energy market.

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Publication Details

Journal
Energies
Published
2024-10-25
DOI
https://doi.org/10.3390/en17215318
Citations
14
Primary Topic
Global Energy Security and Policy
Type
article
Field-Weighted Citation Impact
8.23
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article

Trend Analysis of Cross-Border Electricity Trading in Pan-European Network

Venizelos Venizelou, Andreas Poullikkas
14 citations
Energies
Global Energy Security and Policy
8.23
article

Trend Analysis of Cross-Border Electricity Trading in Pan-European Network

Venizelos Venizelou, Andreas Poullikkas
article en
14 citations

Abstract

The long-term global target of facilitating energy security and optimizing resource utilization while supporting the transition to sustainable energy systems has led the pathway towards regional cooperation in the context of energy infrastructures and trading. Recent trends highlight the development of transnational energy grids, pipelines, and renewable energy projects, facilitating efficient distribution of electricity, gas, and other energy forms. These advancements offer benefits such as increased reliability of energy supply, cost savings through shared resources, and strengthened relationships between countries. However, challenges persist, including regulatory differences, geopolitical tensions, alignment of market rules as well as substantial investment requirements in infrastructure and technology. Addressing these challenges necessitates harmonized policies, robust legal frameworks, and cooperative international governance, which are crucial for effective cross-border energy trading. The aim of the work is to present the current landscape as well as analyze the latest trends and developments in the dynamic field of electricity interconnectors, providing insights into its trajectory and implications for the European internal energy market.

EnergiesVol. 17(21)
Electricity Authority of Cyprus (Cyprus) (CY)
Industry, innovation and infrastructure
Openalex Percentile: Top 3%
Global Energy Security and Policy
8.23
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Trend Analysis of Cross-Border Electricity Trading in Pan-European Network — Venizelos Venizelou, Andreas Poullikkas · Energies (2024) | TGRS Research Map | TGRS