The EU has been promoting unbundling of the transmission grid from other stages of the electricity supply chain with the aim of fostering competition in the upstream stage of electricity generation. At presence, ownership unbundling is the predominant form of unbundling in Europe. However, the...

We model an economy that alternates randomly between abundance and scarcity episodes. We develop an original method to characterize in detail the structure of the Markovian competitive equilibrium. Accumulation and drainage of stocks are the main focuses. Economically appealing comparative...

The European Union Emissions Trading Scheme (EU ETS) has imposed a price on the allowances for CO2 emissions of electricity companies. Integrating this allowance price into the price of electricity earns a rent for companies who have received these allowances for free. During Phase I,...

Previous literature has identified oil and gas prices as being the main drivers of CO2 prices in a univariate Generalized Autoregressive Conditional Heteroscedasticity (GARCH) econometric framework (Alberola et al., 2008; Oberndorfer, 2009). By contrast, we argue in this article that the...

Cet ouvrage aborde les nouveaux défis de l'énergie sous une forme régionale et globale. Ceci permet de mieux comprendre la dynamique d'un monde multipolaire. Chaque région du monde a son niveau de développement économique, sa vulnérabilité au réchauffement climatique. Cette opposition...

Cette communication a pour objet de présenter l’ouverture des marchés de l’énergie en Europe non pas sous l’angle réglementaire ou économique mais sous l’angle culturel, en cherchant à souligner les spécificités du marché français. En effet, alors qu’à l’issue de la...