This paper investigates the determinants of the Italian electricity price (PUN) in order to determine the major challenges this market is currently facing. The results suggest that the policy maker should be aware that the importance of market expectations is increasing (captured in the model by...

This article explores the economic characteristics of the Italian gas storage system. Microeconomic and qualitative methods are used to shed light on past, present and forecasted trends. Notwithstanding the entrenched stagnation of the sector, the analysis highlights a break in trends. The...

An important tool in order to carry out research for modeling and managing energy demand and supply is explaining variables with measures reflecting weather variations. For example, handlings with heating degree-days represent an easy way to account for almost 100% of natural gas consumption...

The price elasticity of residential and non-residential energy demand is crucial for assessing energy policies and consumption forecasts.In this paper, using the monthly billing data of 51,177 end-users in Veneto (Italy), we implemented three panel-data models, analyzing the elasticity between...

The uprising and military confrontation in Libya that began in February 2011 has led to disruptions of gas supplies to Europe. An analysis of how Europe has compensated for these missing gas volumes shows that this situation has not affected security of supply. However, this situation would...