Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy

This paper provides a comprehensive review of the current state and planned developments in the electricity sectors across eight countries in South East Europe (SEE). It highlights positive examples as well as barriers to efficient market operation and regional market integration. Progress is evalua...

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Autores principales:	Stefan Borozan, Aleksandra Krkoleva Mateska, Petar Krstevski
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Electricity market Regulatory framework Cross-border trade Renewables South East Europe Electrical engineering. Electronics. Nuclear engineering TK1-9971
Acceso en línea:	https://doaj.org/article/802684f03f744cf3a81e5a39dab91fb4
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id	oai:doaj.org-article:802684f03f744cf3a81e5a39dab91fb4
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spelling	oai:doaj.org-article:802684f03f744cf3a81e5a39dab91fb42021-11-28T04:34:30ZProgress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy2352-484710.1016/j.egyr.2021.11.203https://doaj.org/article/802684f03f744cf3a81e5a39dab91fb42021-11-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2352484721013512https://doaj.org/toc/2352-4847This paper provides a comprehensive review of the current state and planned developments in the electricity sectors across eight countries in South East Europe (SEE). It highlights positive examples as well as barriers to efficient market operation and regional market integration. Progress is evaluated in terms of the level of implementation of required legislation, and the efficacy of regulatory frameworks to facilitate market integration of renewables, emerging technologies, and active demand participation. The observations are based on exhaustive research into European Union (EU) and national legislation, as well as a questionnaire taken by industry experts from the corresponding Transmission System Operators offering first-hand insights into the electricity sectors in the region. The conducted investigation demonstrates that SEE countries are at different stages in market opening and compliance with EU energy policy but show unity in the aim of integrating into the EU internal electricity market. The harmonization of legislation and technical requirements is highlighted as a precondition to this goal as it would facilitate cross-border trade, increase efficiency through the shared use of resources, and incentivize infrastructure investments. The analyses show that there is a continuous progress in development of wholesale and balancing markets in the region, but problems with liquidity and incumbents impede the process. The progress towards renewable generation targets varies between the countries, however, the region is committed to electricity sector decarbonization and digitalization in the future. Finally, the paper presents potential directions for regional power sector developments in response to the challenges in electricity market design for a low-carbon future.Stefan BorozanAleksandra Krkoleva MateskaPetar KrstevskiElsevierarticleElectricity marketRegulatory frameworkCross-border tradeRenewablesSouth East EuropeElectrical engineering. Electronics. Nuclear engineeringTK1-9971ENEnergy Reports, Vol 7, Iss , Pp 8730-8741 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Electricity market Regulatory framework Cross-border trade Renewables South East Europe Electrical engineering. Electronics. Nuclear engineering TK1-9971
spellingShingle	Electricity market Regulatory framework Cross-border trade Renewables South East Europe Electrical engineering. Electronics. Nuclear engineering TK1-9971 Stefan Borozan Aleksandra Krkoleva Mateska Petar Krstevski Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy
description	This paper provides a comprehensive review of the current state and planned developments in the electricity sectors across eight countries in South East Europe (SEE). It highlights positive examples as well as barriers to efficient market operation and regional market integration. Progress is evaluated in terms of the level of implementation of required legislation, and the efficacy of regulatory frameworks to facilitate market integration of renewables, emerging technologies, and active demand participation. The observations are based on exhaustive research into European Union (EU) and national legislation, as well as a questionnaire taken by industry experts from the corresponding Transmission System Operators offering first-hand insights into the electricity sectors in the region. The conducted investigation demonstrates that SEE countries are at different stages in market opening and compliance with EU energy policy but show unity in the aim of integrating into the EU internal electricity market. The harmonization of legislation and technical requirements is highlighted as a precondition to this goal as it would facilitate cross-border trade, increase efficiency through the shared use of resources, and incentivize infrastructure investments. The analyses show that there is a continuous progress in development of wholesale and balancing markets in the region, but problems with liquidity and incumbents impede the process. The progress towards renewable generation targets varies between the countries, however, the region is committed to electricity sector decarbonization and digitalization in the future. Finally, the paper presents potential directions for regional power sector developments in response to the challenges in electricity market design for a low-carbon future.
format	article
author	Stefan Borozan Aleksandra Krkoleva Mateska Petar Krstevski
author_facet	Stefan Borozan Aleksandra Krkoleva Mateska Petar Krstevski
author_sort	Stefan Borozan
title	Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy
title_short	Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy
title_full	Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy
title_fullStr	Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy
title_full_unstemmed	Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy
title_sort	progress of the electricity sectors in south east europe: challenges and opportunities in achieving compliance with eu energy policy
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/802684f03f744cf3a81e5a39dab91fb4
work_keys_str_mv	AT stefanborozan progressoftheelectricitysectorsinsoutheasteuropechallengesandopportunitiesinachievingcompliancewitheuenergypolicy AT aleksandrakrkolevamateska progressoftheelectricitysectorsinsoutheasteuropechallengesandopportunitiesinachievingcompliancewitheuenergypolicy AT petarkrstevski progressoftheelectricitysectorsinsoutheasteuropechallengesandopportunitiesinachievingcompliancewitheuenergypolicy
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Progress of the electricity sectors in South East Europe: Challenges and opportunities in achieving compliance with EU energy policy

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