Since the late 90s,, European industries of electricity and gas have been subject to a process of concentration at both … the properties of the energy industry with new market structures in terms of dynamic efficiency (the ability to ensure …

The debate over a common European energy policy, its necessity and its establishment has been going on for a number of … decades. The discussions have been recently brought back into the spotlight by the evolution of energy market fundamentals and … the taking into account of environmental protection. In spite of the energy diversity of the European Union (EU), a common …

risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration … retail mar kets. We illustrate our analysis with data from the French electricity market. …

. Against this background, we develop a model of the main sectors covered by the EU ETS: electricity, steel, cement, and …. Another relatively efficient policy is to combine auctioning in the electricity sector and output-based allocation in exposed … generation of the electricity consumed. Although output-based allocation is generally less effective than border adjustment to …

We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent …

The liberalization of electricity and gas markets clashes against the French economic culture that relies on the state … is likely to increase the complexity of technical, institutional, financial and organizational solutions of the energy …

Market prices make it possible to realise returns on capital investments in the electricity sector, but these prices …