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Safe and reliable supply of electric power is aprerequisite for continuation and growth of prosperity in any country. As shown in the past there are circumstances which require a substantial adaptation of the power systems to new conditions. For example, changes in the political conditions in Europe at the end of the 1980s have resulted in a massive restructuring of the power systems in Central and Eastern Europe. In addition, the liberalization of the power industry, which started globally in the nineties of the last century, caused substantial changes to the power systems because of new reference conditions, in particular by intensifying electric power trading… (more)

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