ACER: Continued Gas Wholesale Market Integration, But Electricity Market Integration At Risk

The latest ACER-CEER Market Monitoring Report (MMR), whose wholesale and retail volumes were published today, shows that for electricity wholesale markets the limited amount of cross-zonal capacity made available for trading by TSOs is one of the most significant barriers to further market integration in Europe. Ensuring the equal treatment of internal - within bidding-zones - and cross-zonal exchanges, as well as increasing the level of TSO coordination, are utmost priorities to overcome this situation.

Gas markets are working better in terms of hub functioning and price convergence, but the situation is diverse geographically. Important barriers remain in some Member States, in particular in South-East Europe, negatively affecting market functioning and liquidity.  The gas network codes, where implemented, bring a positive impact. Find out more here.