In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the … electricity market. The case was settled after E.ON agreed to divest 5 GW generation capacity as well as its extra-high voltage … network. We analyze the effect of these divestitures on wholesale electricity prices. Our identification strategy is based on …

In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the … divestitures on German wholesale electricity prices. Our identification strategy is based on the observation that energy suppliers … convergence between peak and off-peak prices. Using daily electricity prices for the 2006 - 2012 period and controlling for cost …

This paper examines the extent to which electricity supply constraints could affect sectoral specialization. For this …-adjusted electricity capacity drives sectoral specialization in several sectors. Among them, electrical equipment, transport equipment …-adjusted electricity capacity. Furthermore, our dynamic panel estimation reveals that the effects of Ricardian technological differences …