Review of Electricity Supply and Demand in Southeast Europe (World Bank Working Paper,)
Publisher: World Bank Publications; World Bank
Published: January 2004
Language: eng
Format: Hardcover
Number of pages: 66
ISBN-13: 9780821356340
Subjects: Economics - Comparative; Energy; Industries - Energy Industries; Business / Economics / Finance
First sentence: In March 2002 the European Commission (EC) launched a major initiative to establish a South Eastern Europe Regional Electricity Market (SEEREM) covering Albania, Bulgaria, Romania, Bosnia and Herzegovina (B&amp;H), Croatia, the Former Yugoslav Republic of Macedonia (hereafter referred to as "Macedonia"), Serbia and Montenegro (including Kosovo), Greece, and Turkey.
Description: "The context for this paper is the agreement among Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Former Yugoslav Republic of Macedonia, Greece, Romania, Serbia and Montenegro, and Turkey to form a regional electricity market, soon to be joined by Italy. The study identifies the magnitude of electricity generation investment needed in the evolving market. The paper also proposes mechanisms to reduce those investment requirements via improved efficiency and increased trade - providing an assessment of technical and institutional barriers to electricity trade. It suggests that less investment will be required if countries coordinated investments and shared reserves during noncoincidental peak periods."--BOOK JACKET.