Theses 

Competition and Market Integration – Role of European Power Exchanges – Václav Mrhač

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Vysoká škola ekonomická v Praze

Magisterský studijní program / obor:
Economics of Globalisation and European Integration

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Václav Mrhač

Diplomová práce

Competition and Market Integration – Role of European Power Exchanges

Competition and Market Integration -- Role of European Power Exchanges

Anotace: The main focus of this thesis is to find out degree of market integration in power exchanges in the European Union. Well integrated electricity markets imply existence of single European electricity market and advanced level of liberalization process in this sector. The thesis provides estimates of degree of market integration for six most evolved European power exchanges. Therefore, British, Dutch, French, German, Spanish and Scandinavian power exchanges have been selected during sample period 2004 - 2012. After conducting correlation and convergence analysis, the results have not suggested existence of single European electricity market and prove the effect of liberalization at regional level.

Abstract: The main focus of this thesis is to find out degree of market integration in power exchanges in the European Union. Well integrated electricity markets imply existence of single European electricity market and advanced level of liberalization process in this sector. The thesis provides estimates of degree of market integration for six most evolved European power exchanges. Therefore, British, Dutch, French, German, Spanish and Scandinavian power exchanges have been selected during sample period 2004 - 2012. After conducting correlation and convergence analysis, the results have not suggested existence of single European electricity market and prove the effect of liberalization at regional level.

Klíčová slova: Energy Policy, Market Integration, Power Exchanges

Keywords: Energy Policy, Market Integration, Power Exchanges

Jazyk práce: angličtina

Obhajoba závěrečné práce

  • Obhajoba proběhla 13. 1. 2014
  • Vedoucí: Ingeborg Němcová
  • Oponent: Marc Jegers

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