Powering Europe - European Wind Energy Association

guideline and subsequent network codes on congestion
management and capacity allocation. The overall
aim is to implement a generic target model and roadmap
across Europe by 2015 at the latest and to ensure
the convergence of all regional markets into one
single European market.
The ongoing market integration across Europe - notably
the establishment of regional markets - constitutes,
in principle, a suitable building block for flexible
and dynamic electricity markets. Markets in which
an increased number of market participants, including
the demand side, respond to prices, facilitating the
integration of wind and other renewables. Ongoing initiatives
such as the NordPool market, the Pentalateral
chApTEr 5 electrIcItymarketDeSIgN
Energy Forum, the Irish All-Island market and the Iberian
MIBEL are all instrumental to the uptake of more
variable renewables. The “North Seas Countries’ Offshore
Grid Initiative” offers the means, in the shortterm,
to progress towards the creation of a North Sea
market bringing offshore wind power online.
A real market capable of integrating wind power yields
significant macro-economic benefits through the reduction
of the total operational cost of power generation.
Intra-day rescheduling of generators and application of
intra-day wind power forecasting for low reserve requirements
results in savings up to €250 million per year.
Rescheduling of power exchange trade on an international
level results in savings of €1-2 billion per year.
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