Market prices make it possible to realise returns on capital investments in the electricity sector, but these prices may not necessarily be politically or socially acceptable. As a result, explicit or implicit price caps may be established. If these caps are effective, they may result in loss of...

We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent developments in discrete time asset pricing methods based on the notions of stochastic discount factor and of compound autoregressive (or affine) stochastic processes. We show that...

Our paper aims at assessing the efficiency of the European coordination in the field of electricity. For that purpose, we develop various indices allowing a comparison of the European countries as regards the adequacy of their performances with main European goals in terms of energy policy...

This paper investigates the relationship between electricity demand and temperature in the European Union. We address this issue by means of a panel threshold regression model on 15 European countries over the last two decades. Our results confirm the non-linearity of the link between...

L'ouverture à la concurrence des marchés européens de l'électricité et du gaz - dont la deuxième étape commence le Ier juillet - intéresse surtout les grosses et moyennes entreprises, pour lesquelles l'achat d'énergie devient une source potentielle de réduction des coûts. En ce qui...

This joint report by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA), is the seventh in a series of studies on electricity generating costs. It presents the latest data available for a wide variety of fuels and technologies, including coal and gas (with and without...

Sur la demande de l’Union française d’électricité (UFE), Jan Horst Keppler, Professeur d’économie à l’Université Paris - Dauphine, et Régis Bourbonnais, Maître de conférences à l’Université Paris - Dauphine et spécialiste en économétrie, ont entrepris une série de tests...