New European Electricity Market Regulations and their Impact on the Domestic Market

Abstract

The process of building the European electricity market was initiated in the 1980s. Recently, however, significant acceleration of this process can be observed, resulting in many legal regulations determining the current and future market design. The paper discusses legal regulations shaping the energy market in Europe, both the existing ones and those still being drafted, as well as their impact on the domestic electricity market.

Keywords

• European electricity market
• target market model
• legal regulations