Trend Analysis of Cross-Border Electricity Trading in Pan-European Network
Venizelos Venizelou, Andreas Poullikkas
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.