The Internal market for Electricity. The Florence process

In 1998 the European Commission set up the Electricity Regulatory Forum of Florence. The Forum convenes twice a year at the European University Institute near Florence and consists of national regulatory authorities, Member States, European Commission, Transmission System Operators, electricity traders, consumers, network users, and power exchanges. The Forum was set up to discuss issues regarding the creation of a true internal electricity market that are not addressed in the Electricity Directive. The most important issues addressed currently at the Forum concern cross border trade of electricity, in particular the tarification of cross border electricity exchanges and the allocation and management of scarce interconnection capacity.