The France, Ireland and UK electricity REM is led by the British Energy Regulator (Ofgem) and aims to integrate the national markets in the three countries.
Annual electricity consumption in the France, Ireland and UK electricity REM is about 780 TWh around 30% of the EU 25 electricity market.
This electricity REM includes the two biggest national economies in the EU that are also very active in electricity markets. Integration will facilitate regional development and accelerate cooperation and coordination at the European level. Interconnectors and compliance with the Congestion Management Guidelines, intra-day trading, reciprocal access to balancing markets and wholesale market transparency are the key priorities of the electircity REM.
