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Single power market launches in Europe

5th February 2014
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The European Commission launched a single power market, which combines 15 national ones


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The European Commission launched a single power market, Tuesday, which combines 15 already existing national markets, including Poland’s.

The single market unifies national platforms with one IT system.

“It will be the most important IT system in Europe, because it will basically run all power plants. It will decide who will produce and how much. If it breaks down, power plants would not know what to produce,” said Juka Ruusunen, chief executive of Finland's power grid Fingrid to Reuters.

According to the EC lawmakers the single market will improve the energy security and result in lowering the electricity prices. In the system, the produced energy which can’t be stored can be easily distributed to regions where it’s needed the most.

Besides Poland, other countries in the system include Belgium, the Netherlands, Luxembourg, Great Britain, Nordic countries (Denmark, Sweden, Norway and Finland), the Baltics (Lithuania, Latvia and Estonia) and encompasses three quarters of European power demand.

 

Poland A.M.


From Warsaw Business Journal

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