Abstract

The creation of a pan-European integrated energy market, based on a harmonized regulatory framework and on integrated distribution networks, aims to encourage the development of new opportunities by removing entry barriers and by fostering competition. However, the path of liberalization has not yet led to the creation of a complete free market, but to an oligopoly of a few major players in the sector, applying an expansionist policy supported by significant investments. The awareness of the context now leads the operators to review their strategic orientations towards structure and business rationalization.