In Europe, transmission system operators (TSOs) operate markets for balancing power and transmission rights. In order to investigate the situation of these markets, a RIETI research group conducted a survey visit of European TSOs and their associations. This paper reports the results of the investigation, focusing on the following three points:
1. Domestic operation of balancing power markets
2. International coordination of operations of balancing power markets
3. Operation of the power transmission right markets:
Furthermore, we derive implications for the design of the TSO markets in the course of Japan's electric power reform.