Guido Cervigni, Managing Director, Enrico Tesio, Principal and Francesco Volpato, Principal, DFC Economics, Milan, Italy

‘By thoroughly covering power market economics, this volume provides readers with the ability to understand and investigate the benefits and possibly the deficiencies of the 25-plus-year history of national and regional markets in the European Union. Readers may also be motivated to understand and contemplate the major interaction of clean/renewable generation on new demand (EV battery charging, HVAC preheating-cooling and other types of storage - like-load demands with intertemporal degrees of freedom) that may be amply capable in the near future to modulate a sizable portion of electricity consumption dynamically so as to follow and compensate for non-schedulable and volatile renewable generation.’

• Contents1 Introduction to a Companion to the European Electricity Market 2 Forward electricity markets 3 Ancillary services markets4 Generation capacity adequacy 5 Congestion management and transmission rights 6 Competition in the electricity markets7 Retail markets Bibliography

Guido Cervigni, Managing Director, Enrico Tesio, Principal and Francesco Volpato, Principal, DFC Economics, Milan, Italy

‘By thoroughly covering power market economics, this volume provides readers with the ability to understand and investigate the benefits and possibly the deficiencies of the 25-plus-year history of national and regional markets in the European Union. Readers may also be motivated to understand and contemplate the major interaction of clean/renewable generation on new demand (EV battery charging, HVAC preheating-cooling and other types of storage - like-load demands with intertemporal degrees of freedom) that may be amply capable in the near future to modulate a sizable portion of electricity consumption dynamically so as to follow and compensate for non-schedulable and volatile renewable generation.’

• Contents1 Introduction to a Companion to the European Electricity Market 2 Forward electricity markets 3 Ancillary services markets4 Generation capacity adequacy 5 Congestion management and transmission rights 6 Competition in the electricity markets7 Retail markets Bibliography

Guido Cervigni, Managing Director, Enrico Tesio, Principal and Francesco Volpato, Principal, DFC Economics, Milan, Italy

‘By thoroughly covering power market economics, this volume provides readers with the ability to understand and investigate the benefits and possibly the deficiencies of the 25-plus-year history of national and regional markets in the European Union. Readers may also be motivated to understand and contemplate the major interaction of clean/renewable generation on new demand (EV battery charging, HVAC preheating-cooling and other types of storage - like-load demands with intertemporal degrees of freedom) that may be amply capable in the near future to modulate a sizable portion of electricity consumption dynamically so as to follow and compensate for non-schedulable and volatile renewable generation.’

• Contents1 Introduction to a Companion to the European Electricity Market 2 Forward electricity markets 3 Ancillary services markets4 Generation capacity adequacy 5 Congestion management and transmission rights 6 Competition in the electricity markets7 Retail markets Bibliography