Electricity markets are currently going through a phase of agitating transition, which is mainly characterized by an increasing share of fluctuating renewable energies. Among policy makers, this has led to growing concerns about generation adequacy and often to the introduction of different...

The paper focuses on the process of liberalization of the electricity market and its functioning in the EU. The European electricity market is in the middle of its transformation from a monopolistic state-owned production and distribution to privatized markets with various competing firms. The...

In this paper we investigate wholesale electricity prices integration process in the main European markets. After reforms introduced in the last decades in Europe, wholesale electricity prices are now determined in regulated markets. However, while market institutional frameworks show several...