Energy Integration in European Power Sector

Authors

  • Wadim Strielkowski Faculty of International Relations University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3 Czech Republic
  • Michal Mirvald Faculty of Economics University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3 Czech Republic
  • Michael Pedersen Faculty of International Relations University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3 Prague, Czech Republic

Abstract

This paper provides essential background of European power sector and discusses the theoretical background for its integration. Our work employs real-life statistics on the state of integration in order to find out what future development might be in place for this key sector of European economy. It can be shown that while some interest groups are losing on integration, others win. This issue enables us to discuss the delegation of control over the power market delegated to European entities. Our results demonstrate that there are considerable economic gains stemming from integration that are subjected to price variations and efficiency in using the power. Moreover, we explain how the power market on the EU-level implements reforms that might lead to the more integrated European power network.Keywords: economic integration; energy economics; European Union; national power exchangeJEL Classifications: F40; Q20; Q47

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Author Biographies

Wadim Strielkowski, Faculty of International Relations University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3 Czech Republic

Assistant Professor of EconomicsFaculty of International RelationsUniversity of Economics, PragueWinston Churchill Sq. 4, 130 67 Prague 3Prague, Czech RepublicE-mail: wadim.strielkowski@vse.cz 

Michal Mirvald, Faculty of Economics University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3 Czech Republic

Faculty of EconomicsUniversity of Economics, PragueWinston Churchill Sq. 4, 130 67Prague, Czech Republic

Michael Pedersen, Faculty of International Relations University of Economics, Prague Winston Churchill Sq. 4, 130 67 Prague 3 Prague, Czech Republic

Graduate studentFaculty of International RelationsUniversity of Economics, PragueWinston Churchill Sq. 4, 130 67Prague, Czech Republic

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Published

2014-08-19

How to Cite

Strielkowski, W., Mirvald, M., & Pedersen, M. (2014). Energy Integration in European Power Sector. International Journal of Energy Economics and Policy, 4(4), 506–515. Retrieved from https://econjournals.com./index.php/ijeep/article/view/895

Issue

Vol. 4 No. 4 (2014)

Section

Articles

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