Résumé / Abstract
In a context of major uncertainty and of strong development of renewable energy sources, the wholesale electricity markets in Europe are undergoing important changes. The pursuit of a major integration for the development of the Internal Energy market is the main driver of this transformation. In this context, the Central Western Europe region implemented for the first time in May 2015 a new and complex mechanism to manage cross-border capacity allocation in the frame of the day-ahead electricity market: the Flow-Based Market Coupling, which is the mechanism recommended by the European Commission.
Considering data related to the electricity market, this seminar will discuss the evolution of electricity price convergence in this region since 2015 in order to improve the understanding of its occurrence or not, leading in the latter case to undesirable congestion situations.