The benefits of smoothing demand peaks in the electricity market has been widely recognised. European countries such Spain and some of the Scandinavian countries have recently given to the consumers the possibility to face the spot prices instead of having a fixed tariffs determined by...

The large amount of literatuture wihin the EMU makes compleatly imposible in one paper to analyze the consequences of the creation of a "monetary zone " in Europe. However, the recent decision of the European Council to incorporate in two phases the most of Eastern European Countires, introduces...