European Research Studies

European Research Studies publishes articles on the economic and financial sectors in Europe.

Articles from Vol. 15, No. 4, October

Application of a Structural Model to the Spanish Electricity Wholesale Market
The aim of this study is to analyze the behavior of agents in the Spanish electricity market during the period from January 1999 to June 2007 before MIBEL (Iberian Electricity Market) started. The main questions that we tried to give an answer to are:...
Are We Following the Right Path? Assessment of the Portuguese Electricity Generation on Atmospheric Emissions
1. Introduction In the last 20 years considerable changes have been occurring on the energy markets. The traditional public management has been gradually replaced by private management and the traditional utility monopolies have given place to free...
Some Economic Aspects of Energy Security
1. Introduction Energy security is an increasingly popular concept: policy makers, entrepreneurs and academics usually claim to pursue it when proposing or implementing changes in the energy domain. Yet, this is an elusive issue as it is often not...
The Impact of Fuel and C[O.Sub.2] Prices on Electricity Power Plans
1. Introduction Electricity planning involves the determination of the type of electricity generation technologies and their utilisation ratios that will best meet the goals of society. Energy decisions are complex by nature and require awareness...
The Impact of Renewable Energy Sources on Economic Growth and CO2 Emissions-A SVAR Approach
1. Framework The Kyoto Protocol set targets for Greenhouse Gas (GHG) emission, particularly Carbon Dioxide (CO2), for industrialized countries. A large share of anthropogenic emissions is due to the energy sector, in concrete, due to the combustion...
The Problem of Determining the Energy Mix: From the Portfolio Theory to the Reality of Energy Planning in the Spanish Case
1. Introduction Sorting out the energy problem, which deals with the access to a quality energy at an affordable cost and with due respect for the environment, becomes a key point in the agenda of many governments. In fact, the recent adoption of...
Unbundling in the Telecommunications and the Electricity Sectors: How Far Should It Go?
1. Introduction During the last 25 years, both on developed and developing countries, there has been a sound experience of restructuring, deregulation and privatization of sectors that were previously regulated monopolies and most of the times also...
What's Happening to the European Electricity Market?
1. Introduction Since the first Electricity Liberalisation Directive (96/92/EC) a complex process towards the restructuring and deregulation of the electricity market was accomplished. Actually, market opening is slightly over 90%. EC Directives...
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