Trade in electricity can be local, inside the country, or regional- cross border. Cross-border trade faces many restrictions and challenges - geographical and interconnectivity of grids. In addition to this, regulatory and administrative issues can hinder such trade. With the liberalisation of electricity markets in many Organisation for Economic Co-operation and Development (OECD) countries, regulations and rules were created, which are country specific and none conducive to cross-border trade.

Chapter Contents:

• 13.1 Introduction
• 13.2 Electricity trading worldwide
• 13.2.1 Electricity trading in the US
• 13.2.2 UK electricity market trading
• 13.2.3 The Nordic market
• 13.2.4 Electricity markets across Europe and elsewhere
• 13.3 Trade in electricity - the spot market
• 13.4 Cross-border trade in electricity
• 13.5 Electricity traders
• 13.6 Value of cross-boundary electricity trade to renewables
• 13.6.1 Pricing cross-border RE trade
• 13.7 Future strategies and growth
• References

Inspec keywords: power markets; power grids

Other keywords: grid interconnectivity; Organisation for Economic Co-operation and Development countries; OECD countries; cross-border trade; electricity trading; electricity market

Subjects: Power system management, operation and economics