Germany Denounces Calls to Break-Up Power Market Into Zones
Skycrapers at dusk in Frankfurt.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany pushed back against a proposal made by Europe’s grid operators to split its power market into five separate bidding zones, setting the stage for what could be a bitter fight with neighboring countries.
Entso-e, the umbrella organization of transmission system operators in the European Union, said in a report Monday that carving up the Germany-Luxembourg power market into five could bring as much as €339 million in annual savings. That’s equivalent to around 1% of the system costs for the Central European region, it said in the report.