European electricity markets have developed progressively since the 1990s, with considerable integration between some neighbouring countries. Regional initiatives make the electricity markets converge step-by-step across Europe.
The Elia Group is participating actively in a number of projects, especially with Power Exchanges, to facilitate better trade possibilities across Europe. This allows benefiting from a price that is fixed by as many market players as possible, creating competition and thus profitable for competitive electricity prices.
After having made substantial progress in the coupling of day-ahead markets, the Elia Group now advocates to continue in progressing with intraday couplings to allow wider regions trading closer and closer to real-time.
Central-Western Europe (CWE) price coupling
In 2010, Elia and 50Hertz - together with some other TSOs and Power Exchanges - initiated the (day-ahead) market coupling of three countries: Belgium, France and the Netherlands. This initiative expanded in 2013 with the accession of Germany and Luxembourg to the Central Western Europe zone as flow-based market coupling.
North-Western Europe (NWE) price Coupling
Since 2014 a major step towards a fully integrated European electricity market has been realised with the go-live of the North-Western Europe (NWE) day-ahead price coupling project. The NWE Price Coupling initiative covers the Nordic region (Denmark, Finland, Norway, Sweden), Great Britain, and the CWE region (Belgium, France, Germany, Luxemburg and Netherlands).
Read more about market integration projects at Elia
Central East Europe (CEE)
To develop the cross-border electricity market in Central and Eastern Europe, 50Hertz has established the "CAO Central Allocation Office" for coordinated congestion management with seven neighbouring transmission system operators. The so-called CEE market region now covers Germany, Austria, Poland, Czech Republic, Slovakia, Hungary, Slovenia and Croatia.
Read more about CEE project at 50Hertz