In this paper we analyse the current trend towards a higher degree of market integration in Europe and identify those aspects that are particularly relevant for Italy. The Italian involvement in this process appears comparatively modest: contributions from policy makers, practitioners and...

This book takes Italy as a case study, focusing on the financial performance of retail energy firms between 2008 and 2017, to provide an up-to-date and critical analysis of this sizeable shift that has taken place within the European energy sector.

This paper focuses on the relationship between the European Union Emission Trading System allowances' prices and the Italian electricity price, aiming at assessing whether such a mechanism has been a driver for the decarbonization of the power sector. To this aim, we calculate the long-run...

Following the liberalization of EU energy markets, more than three hundred gas and electricity companies entered the market to substitute state-run monopolies. A sizeable shift has taken place within the European energy sector, one that remains only partially understood at best. Focusing on the...

In this paper we review the recent liberalization process in energy markets promoted by the European Commission in the late Nineties and implemented in all the member countries. The electricity and gas industries are characterized by a predominant role of network infrastructures, and by upstream...