Analysis of market power in electricity markets is relevant for understanding the competitive development of the industry's restructuring and liberalization process. Because the existing literature lacks adequate consideration of line transmission congestion, this paper sets forth a new approach...

Power generation is a major source of greenhouse gas emissions, and is in turn likely to be heavily affected by climate change. Earlier analyses have shown that in Southern Europe, including Italy, there is a V-shaped relationship between temperature and electricity usage. Higher temperatures...