This booklet shares some of the research carried out by the Florence School of Regulation since 2010. We have looked at various areas: from smart grids to Schengen-like energy agreements, and from incentive regulation to European Gas Target Model.

In a power system featuring a large share of intermittent renewable energy sources (RES) and inflexible thermal generators, efficiency gains on generation costs could be achieved by curtailing the production of RES. However, as RES feature very low variable production costs, over-curtailment can...