This report provides an overview of the main competition and regulatory issues in the Spanish gas and electricity markets, setting them in the broader context of the liberalisation of the European energy market. Public policy in energy markets needs to reconcile a number of different objectives,...

The European and Spanish gas and electricity markets are characterised by major policy challenges due to the complex and strategic nature of these markets. Public policy issues that are at stake in these markets include the challenge of introducing effective competition and regulation to ensure...

One of the greatest challenges faced by the European electricity sector at present, and the foreseeable future, is the need to meet stringent environmental objectives designed to mitigate the risk of costly climate change. This article surveys the main elements of the economics of climate...

We study the impact of electricity divestments in a stylised model where a dominant producer faces a competitive fringe with the same cost structure and is forced to sell some of its capacity. For a given demand level, the divestment which achieves the greatest reduction in prices can be several...