Cruciani, Michel; Keppler, Jan Horst - Université Paris-Dauphine - 2010
electricity companies. Integrating this allowance price into the price of electricity earns a rent for companies who have received … amounted to roughly € 13 billion per year. However, due to the specific price-setting mechanism in electricity markets true … price-setting mechanism in the electricity sector under the assumption of marginal cost pricing in a liberalized European …