Market operators – Their evolution, current organisation and future structure

This paper provides an overview of the historical development of Market Operators, their evolution and how they are organised today. The paper also provides an assessment of the future trend of Market Operator organisation under the influence and drivers for change such as enhanced market efficiency, increased utilisation of demand response, increased penetration of intermittent energy sources and the rapid development of Smart Grid. This overview covers markets in North America, United Kingdom, Northern and Continental Europe, Australia, Japan, South America and South Africa.