The Liberalisation Of European Energy Markets: The Use Of Competition Law As A Regulatory Tool

Forward capacity allocation - the attribution of long-term cross-zonal capacity through explicit auctions

Market splitting - a division of the market into smaller price zones (price…

Implicit capacity allocation (implicit auction) - transmission capacity is…

Interconnector - a transmission line which crosses or spans a border between…

Intraday market - means the electricity market which operates within the day…

Physical congestion - a situation where the level of demand for actual deliveries…

Primary market - the market of the capacity traded directly by the transmission…

Reservation of cross-border transmission capacity - a portion of available…

Secondary market - means the market of the capacity traded otherwise than…