The paper deals with the efficiency and effectiveness of renewable energy support in Europe in order to achieve the target of 20% of final consumption in 2020. The reconciliation of subsidisation of carbon free energy sources and competition in the energy sector creates serious problems to the...

This paper develops a multi-country multi-sector general equilibrium model, integrating high-frequency electricity dispatch and trade decisions, to study the effects of electricity transmission infrastructure (TI) expansion and renewable energy (RE) penetration in Europe for gains from trade and...

The aim of the paper is to identify and evaluate existing and potential EU energy supply risks on the basis of a sector-specific approach. Moving away from common generalizations on security of energy supply as well as from those studies that focus only on one sector, it brings together all...

This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM)...