The recent proposals for the acquisition of Endesa by Gas Natural and E.On has raised a considerable debate. One of the interesting issues under discussion is whether the resulting entity will be too large for the market or not, in terms of its potential exercise of market power and, in this...

We propose in this paper a model for the description of electricity spot prices, which we use to describe the dynamics of forward curves. The spot price model is based on a long-term/short-term decomposition, where the price is thought of as made up of two factors: A long-term equilibrium level...

We propose in this paper a model for the description of electricity spot prices, which we use to describe the dynamics of forward curves. The spot price model is based on a long-term/short-term decomposition, where the price is thought of as made up of two factors: A long-term equilibrium level...