Research on European Union Transnational Electricity Market Construction and Renewable Energy Transaction Mechanism

Abstract

This paper studies the construction of European Union’s transnational electricity market and the mechanism of renewable energy power generation. This paper systematically summarizes the typical European Union countries’, such as Britain, Denmark, Spain, power market structure, policy, and trading mechanism, and studies the current situation of European electricity market under international supervision system. The research of this paper lays a foundation for clean energy power transmission and rationalization of intercontinental market and provides the basis for the construction of the transcontinental electricity transaction mechanism.