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

, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model … French nuclear power plants. The main finding is that, on a certain number of theoretical and empirical assumptions, it is … optimal at present is to leave French nuclear power capacity unchanged. Other more general findings follow from the …

German power producers, electricity consumers and the German economy. This article estimates the direct costs linked to the … decision of the German government to phase out nuclear power is the baseline against which the costs of the electricity system …In the immediate aftermath of the March 2011 TEPCO Fukushima Daiichi nuclear power plant accident, the German federal …

The liberalization of electricity and gas markets clashes against the French economic culture that relies on the state … and public monopolies to supply many public services. This explains the resistance against the market opening imposed by …

This article is concerned with modeling the dynamic and distributional properties of daily spot and forward electricity … allowing for dynamic conditional correlation. Because correlation between spot and forward returns is very low on each market …

as relationship between electricity consumption, prices and growth. Results show that GDP and energy consumption as well … as GDP and electricity move together in the long-run. By estimating these long-run relationships and testing for … evidence of unidirectional causality running from electricity consumption to GDP in the long-run. This study thus provides …

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