The energy sector is developing rapidly. The process of European market integration began some years ago. Its purpose is to create a single European market that enables market parties to trade gas and electricity across national borders easily and efficiently.
Key role for TSOs
TenneT and other TSOs play a key role in this process
TenneT and other TSOs play a key role in this process, since market integration requires sufficient cross-border transmission capacity. Together with its project partners, TenneT is taking the lead in establishing a single European energy market, for instance by facilitating the introduction of flow-based market coupling. This system is based on close collaboration between the power exchanges and TSOs of a large number of countries, and helps to ensure that the production facilities and the available transmission capacity in those countries are used as efficiently as possible.
Another important development is the so-called energy transition. Conventional coal- and gas-fired power plants are gradually being replaced by wind and solar energy. In addition, more and more electricity is being produced decentrally or even locally. These developments pose their own challenges which require new technologies and market models. TenneT plays a prominent role in these debates as well.
Dive deeper in the mechanisms of the electricity market
Everyone in society uses electricity. Without it almost all processes in our daily life would come to a halt.