Recent years have seen a major growth in the European law concerning the operation of the energy industry, especially with respect to electricity and gas. Sever

Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These i