the Italian affiliate of the

Current and Future Challenges to Energy Security

2nd AIEE Energy Symposium
in cooperation with
2-4 November 2017 - LUMSA University - Rome
venue who should attend   welcome to Rome contact us
abstract submission registration students programme

Conference Proceedings

2nd AIEE Energy Symposium - Conference Proceedings
(Contains all the submitted abstracts and a selection of papers - ISBN 978-88-942781-0-1)
Thursday - November 2, 2017
16.00-19.00 Registration

Opening Welcome Address

Giovanni Ferri, Deputy Rector at LUMSA University
Nicoletta Rangone, Chair of the Scientific Committee, LUMSA University
Agime Gerbeti, Chair of the Programme Committee, LUMSA University
Carlo Andrea Bollino, AIEE President
Gürkan Kumbaroğlu, IAEE Past President
Gabriele Checchia, President of AWOS, former Italian Ambassador at OCSE
Permanent Representative of Italy to NATO
Tommaso di Fazio, President C.I.U. Italy


Welcome cocktail
November 2, h 17.30-19.00
LUMSA University

(participants will be accompanied from the Confernce venue to the Welcome cocktail venue, in Via delle Fosse di Castello, 11 - Aula Pia)

Friday - November 3, 2017
08.30-17.00 Registration
08.30-10.30 Welcome coffee
09.00-10.30 Concurrent Sessions (1-4)
01 The union of national energy markets  
  Chair: Sergio Ascari, Florence School of Regulation, European University Institute, Italy

Influence of interconnections on market prices - Spanish case of study
Presenter:  Cristina González Ventosa,  Red Eléctrica de España, Spain
Authors: Cristina González Ventosa, María Sonsoles Madejon Concejal,
Luis Villafruela Arranz,  Ana Isabel Abril Pérez
Investigation of Advantages from Future Integration of Wind Electricity in EU
Presenter: Ondrisek Thomas,  University of Vienna, Austria
Authors: Christian Spindler,  Yuri Yegorov, Franz Wirl, Ondrisek Thomas
Critical analysis of the “new” Italian capacity remuneration mechanism
Presenter:  Paolo Mastropietro, Institute for Research in Technology, Comillas Pontifical University, Spain
Authors:  Paolo Mastropietro, Fulvio Fontini, Pablo Rodilla, Carlos Batlle
Increasing interconnections in a small, open economy: a quantitative evaluation of its effects
Presenter:  Danielle Devogelaer, Federal Planning Bureau, Benelux Association for Energy Economics, Belgium
Author:  Danielle Devogelaer
02 Promoting or imposing energy efficiency?  
  Chair: Manfred Weissenbacher, University of Malta, Malta
Is energy efficiency efficient for the European market?
Presenter: Carlo Scarpa, Università di Brescia, Italy
Authors: Carlo Scarpa, Giovanna Landi
Using sticks or carrots to promote energy efficiency – how do individuals react?
Results of an experimental investigation

Presenter: Roland Menges, Clausthal University of Technology, Germany
Author: Roland Menges
Contracting the Gap: Empirical evidence on the role of energy performance contracting
to promote investment in energy efficiency

Presenter: Ulrich Reiter, TEP Energy GmbH, Switzerland
Authors: Mehdi Farsi, Martin Jakob, Ulrich Reiter
03 Special session - Cognitive-based regulation for consumers empowerment  

Eu Approach to Better Regulation

Curriculum in Management and sustainability
Master’s degree Management and Consulting LM77

Chair: Nicoletta Rangone, LUMSA University, Italy


Algorithmic regulation: the case of information disclosure
Presenter: Fabiana Di Porto, University of Salento, Italy

Feedback and efficient behavior
Presenter: Luigi Mittone, University of Trento, Italy

How to improve the functioning of electricity retail markets: push or pull?
Presenter: Clara Poletti, AEEGSI - Italian Energy Authority for Electricity, Gas and Water System

European Issues and trends of regulation
Presenter: Valeria Scorsoni, Energy expert, Italy

Energy consumer empowerment in Italy
Presenter: Francesco Vetrò, University of Salento, Italy
04 Global assessment of energy security, efficiency and sustainability  
  Chair: Vittorio De Martino, AIEE, Italy

Evaluating the Implication of COP21 for Energy Security at Member State and EU Level

Presenter: Elena Stolyarova, Grenoble Applied Economics Lab, CNRS, France
Authors: Elena Stolyarova, Sandrine Mathy, Silavana Mima
The financial performance of firms under the EU Emissions Trading Scheme (EU ETS)
Presenter:  Georgia Makridou, ESCP Europe Business School
Authors:  Georgia Makridou, Michael Doumpos, Kostas Andriosopoulos, Emilios Galariotis
Carbon tax, EU ETS versus charge on emissions
Presenter: Gianluca Carrino, LUMSA University
Author: Gianluca Carrino
10.30-11.30 Dual Plenary Sessions
EU towards 2030
Chair: Agime Gerbeti, Adjunct Professor, LUMSA University, Italy
Luca Bragoli, Head of International & Institutional Affairs, ERG, Italy  

Samuele Furfari, Adviser to the Director General of DG Energy at the European Commission
Marco Falcone, Government Relations and Issues Esso Italiana, Italy
Paolo Vigevano, General Director Eviva, Italy  
Regulation of energy markets
Chair: Alessandro Ortis, President Stati Generali dell’Efficienza Energetica
Giuseppe Gatti, President Energia Concorrente, Italy
Jean-Michel Glachant, Director of the Florence School of Regulation,
European University Institute, Italy
Pippo Ranci, Università Cattolica, Italy  
11.30-13.00 Concurrent Sessions (5-8)
05 The gas market: new perspectives?  
  Chair: Arnaldo Orlandini, ICEI, University Complutense of Madrid, Spain

The current and future role of natural gas in China
Presenter: Alec Waterworth, Warwick Business School, UK
Authors: Alec Waterworth, Michael J. Bradshaw
The Economics of Gazprom’s gas export strategies to Europe
Presenter: Chi-Kong Chyong, EPRG, University of Cambridge, UK
Author: Chi-Kong Chyong
Pricing characteristics in the German diesel fuel market after the introduction of the
market transparency scheme

Presenter: Sebastian Kreuz, Brandenburg Technical University Cottbus-Senftenberg, Germany
Author: Sebastian Kreuz
  Forecasting models for short and long term gas price
Presenter: Raffaele Troise, Enel, Italy
Authors: Claudio Pregagnoli , Raffaele Troise, Claudio Dicembrino, Michele Frate
06 Energy efficiency in buildings and industry  
  Chair: Spiros Papaefthimiou, Technical University of Crete, Grece

The longer term effects of home energy efficiency investments
Presenter: Daire McCoy, Grantham Research Institute, London School of Economics
Authors: Daire McCoy, Antoine Dechezlepretre, Francois Cohen
  Energy Efficiency in buildings: a simple but accurate way to perform calculations
Presenter: Giuseppe Dell’Olio, GSE, Italy
Author: Giuseppe Dell’Olio
  Environmental and energy efficiency analysis of EU electricity industry:
An almost spatial two stages DEA approach

Presenter: Maria Chiara D'Errico, University of Perugia, Italy
Authors: Simona Bigerna, Carlo Andrea Bollino, Maria Chiara D'Errico e Paolo Polinori
07 Special Session: Day-ahead, Intra-day and Balancing Markets  
  Chair: Angelica Gianfreda,  Free University of Bozen-Bolzano, Italy
Unbalances and market rules in Italian wholesale electricity market
Presenter: Stefano Clo’, University of Milano,
Authors: Stefano Clo’, Angelica Gianfreda
Demand participation in electricity balancing markets
Presenter: Elena Fumagalli, Polytechnic University of Milan, Italy
Author: Bastian Westbrock, Elena Fumagalli
What drives balancing prices: the Italian case
Presenter: Lucia Parisio, DEMS -University Milano-Bicocca, Italy
Authors: Angelica Gianfreda, Lucia Parisio e Matteo Pelagatti
Quantile merit order effects and network upgrades
Presenter: Alessandro Sapio, Parthenope University of Naples, Italy
Author: Alessandro Sapio
Imbalances costs of small scale renewable not dispatchable power plants in the
Italian electricity market

Presenter: Nicola Sorrentino, University of Calabria, Italy
Authors: Nicola Sorrentino, Daniele Menniti, Anna Pinnarelli
08 Modeling the new environment  
  Chair: Cecilia Camporeale, Italian Ministry of Environment – A.T. Sogesid, Italy
IT-DAMEE: a regional application to assess the macro-effect of RDP fund in Emilia Romagna
Presenter:  Cecilia Camporeale, Italian Ministry of Environment – A.T. Sogesid
Authors: Roberto Del Ciello,  Cecilia Camporeale
Assessing the role of innovative farming techniques to reduce energy consumption and
carbon emission

Presenter: Nicola Colonna, ENEA, Italy
Authors: Nicola Colonna, Stefano Lo Presti
A look at Energy Law: Legal challenges presented by new technologies
Presenter: Daria Capotorto, Agnoli e Giuggiolo Law Firm, Italy
Author: Daria Capotorto
13.00-14.00 Lunch buffet

Lunch buffet
November 3, h 13.00-14.00
LUMSA University

(Via delle Fosse di Castello, 11 - Aula Pia)

offered by

14.00-15.30 Dual Plenary Sessions
Economic instruments and transition pathways to a low-carbon economy in the industrial sectors
Chair: Gurkan Kumbaroglu, Bogazic University - Past President IAEE, Turkey
Sandro Neri, Coordinator of the Energy Commission FEDERMANAGER Rome, Italy
Simone Mori, President Elettricità Futura, Italy  
Corrado Papa, Commercial Manager, Adriatic LNG, Italy
Salvatore Pinto, President of Axpo, Italy  
Claudio Spinaci, President Unione Petrolifera, Italy
Europe Roadmap to 2050 and the future strategies of the energy industry
Chair: Giovanni Ferri, Professor and Deputy Rector at LUMSA University
Kostas Andriosopoulos, Executive Director, Research Centre for Energy Management (RCEM), Grece  
Dario Di Santo, Managing Director Italian Federation for Energy Efficiency – FIRE, Italy  
Leonardo D'Acquisto, Head Manager Institutional Relations, Italgas, Italy  
Luigi Michi, Strategy and Development Manager Terna, Italy  
15.30-17.00 Concurrent Sessions (9-12)
09 Commodity Pricing  
  Chair: Vittorio D’Ermo, AIEE, Italy

Asymmetric risk spillovers between oil and agricultural commodities
Presenter:  Syed Jawad Hussain Shahzad, Montpellier Business School, France
Author: Syed Jawad Hussain Shahzad
Evaluation of oil & gas firms’ financial performance: cash flows vs. accounting earnings
Presenter:  Bård Misund, University of Stavanger Business School, Norway
Author: Bård Misund
Natural Gas Market Prediction via Statistical and Neural Network Methods
Presenter:  Mona Shokripour, Gas Exporting Countries Forum (GECF),Qatar
Author: Mona Shokripour
Financial instruments to mitigate the risk of climate change: rainfall and temperature

Presenter: Silvana Stefani, University Bicocca, Italy
Author: Silvana Stefani
10 Special Session: Energy and Industrial Competitiveness
Chair: Agime Gerbeti, LUMSA University, Italy

The environmental impact of photovoltaic panels imported from China compared to Germany in a central Mediterranean setting
Presenter: Manfred Weissenbacher, University of Malta, Malta
Authors: Manfred Weissenbacher, Stefan Montebello
Carbon pricing instruments for implementing the objectives of the Paris agreement
Presenter: Mario Iannotti Ministry of Environment, Land&Sea, Italy
Author: Mario Iannotti
The revision of EU climate energy policies in the context of the Paris Agreement
Presenter: Fabrizio Fabbri, European Parliament, Italy
Author: Fabrizio Fabbri
Industrial competitiveness from the legal perspective
Presenter: Daria Capotorto, Agnoli e Giuggiolo Law Firm, Italy
Author: Daria Capotorto
11 Strategic contribution of energy storage to energy security
  Chair: Alberto Pincherle, AIEE Italy

Modelling the cost of gas supply outages and their substitution as a way of assessing Security of Supply Measuresy
Presenter: Sergio Ascari, Florence School of Regulation, European University Institute, Italy
Author: : Sergio Ascari
Spot trading profits of energy storage systems in the region covered by EPEX SPOT
Presenter:  Maria Kaninia, Electrical Engineer, MSc ETHZ, Switzerland
Author: Maria Kaninia
Energy storage in wind turbines: a strategic contribution to energy security
Presenter:  Giuseppe Dell’Olio, GSE SpA, Italy
Author: Giuseppe Dell’Olio

Gala cocktail
November 3, h 18.00-20.00
Roof garden of Atlante Star Hotel
(room Michelangelo)

a luxuriant rooftop terrace with a panoramic view of the great city and the hills in the background. We warmly invite you to experience this unforgettable sensation

(participants will be accompanied from the Conference venue to the cocktail venue, in Via Giovanni Vitelleschi, 34)

Saturday - November 4, 2017
08.30-17.00 Registration
08.30-09.30 Welcome coffee
09.00-10.30 Concurrent Sessions (13-16)
12 Bioenergies  
  Chair: Carlo Di Primio, AIEE, Italy

Arbitrations for bioenergy use in the 21st century energy context: the significance of gasification
and methanisation

Presenter:  Gabin Mantulet, CNRS LPSC - CNRS GAEL, France
Authors: Gabin Mantulet, Adrien Bidaud, Silvana Mima
Lignocellulosic biorefineries as replacement of fossils
Presenter: Roy Ghatak Himadri, Sant Longowal Institute of Engineering & Technology, India
Author: Roy Ghatak Himadri
Securing local energy supply through municipal energy autonomy: assessing the feasability
of increased district heating from German biogas plants

Presenter:  Russell McKenna, Karlsruhe Institute for Technology (KIT), Germany
Authors: Russell McKenna, Jann Weinand, Lorenz Braun, Carsten Herbes
Factors influencing prices for heat from biogas plants
Presenters:  Carsten Herbes and Lorenz Braun, Nuertingen-Geislingen University, Germany
Authors: Carsten Herbes, Verena Halbherr, Lorenz Braun
13 The Electricity market: risks and opportunities  
  Chair: Lucia Visconti Parisio, University Bicocca, Italy

Managing the liberalization of Italy’s retail electricity market: A policy proposal

Presenter:   Carlo Stagnaro, Bruno Leoni Institute
Authors:  Carlo Stagnaro, Carlo Amenta, Luciano Lavecchia, Giulia Di Croce
Electricity grid evolution in Europe pre-access Countries: the Turkish case
Presenter:  Gaia Moretti, Ianus Consulting and Development Srl-LUMSA University, Italy
Author: Gaia Moretti
The Ideal Competitive Electricity Market. a simulation for Italy
Presenter: Carlo Andrea Bollino, AIEE, Italy
Author: Simona Bigerna, Carlo Andrea. Bollino, Maria Chiara D'Errico, Paolo Polinori
The blockchain challenge for the electricity system
Presenter: Alessio Pinzone, AREA Ridef - Polytechnic University of Milan, Italy
Authors: Alessio Pinzone, Fabrizio Armani.
  Students Session  
  Chair: Vittorio D'Ermo, AIEE, Italy

The European energy policy on renewable sources and its consequences on member States

Presenter:   Lorenzo De Santis, LUISS Guido Carli University, Italy
Authors:  Lorenzo De Santis
The Italian Electric System in the light of European energy policies
Presenter:  Elisabetta Glorioso, LUISS Guido Carli University, Italy
Authors:  Elisabetta Glorioso
Cyber threats in the energy sector
Presenter: Nicola Scarnera, LUISS Guido Carli University, Italy
Author: Nicola Scarnera
10.30-11.30 Plenary Session
Sustainable mobility challenges for the transition targets
Chair: Carlo Andrea Bollino, President AIEE, Italy
Emanuele Proia, General Manage ASSTRA (Italian Association of Public Transport Operators), Italy
Franco Del Manso, Manager of the Technical and Environmental Office, Unione Petrolifera, Italy    
Linda Meleo, Rome City Hall Mobility Councilor, Italy  
11.30-13.00 Concurrent Sessions (17-20)
14 Technology development - Grid management  
  Chair: Giuseppe Dell’Olio, GSE SpA, Italy

Sustainability assessment of hybrid Photovoltaic/Thermal (PV/T) technologies

Presenter: Spiros Papaefthimiou, Technical University of Crete, Grece
Author: Manolis Souliotis, Spiros Papaefthimiou
Big Data and Cloud Computing technologies applied to the energy sector: from buzzwords to market optimization through an SaaS solution
Presenter:  Alessandro Piacentini, Dogma Enterprise, Italy
Author: Alessandro Piacentini
Considering Hydrogen Fuel Cells Powertrain as Power Generation Plant - 2017 review
Presenter:  Mario Valentino Romeri, Energy consultant, Italy
Author: Mario Valentino Romeri


15 Scenarios and forecasting methodologies  
  Chair: Giancarlo Scorsoni, Energy Advisor, Italy

Energy World in 2040: a scenario approach
Presenter:  Manfred Hafner, Enerdata, France
Author: Manfred Hafner
2METE: An Ecological Macroeconomic Model for Energy Transition. Alternative Scenarios Towards Ecological Sustainability and Social Equity
Presenter: Simone D’Alessandro, Department of Economics and Management, University of Pisa
Author: Simone D’Alessandro
Forecasting the distributions of hourly electricity spot prices
Presenter:  Arne Vogler,  University of Duisburg-Essen, Germany
Authors: Arne Vogler, Christian Pape, Oliver Woll,  Christoph Weber
16 Climate policy and emission trading  
  Chair: Ionut Purica, Advisory Center for Energy and Environment, Romania

Curbin carbon emissions: is a carbon tax the most efficient levy?
Presenter: José María Martín-Moreno, University of Vigo, Spain
Authors: José Maria Martín-Moreno, Jorge Blázquez, Rafaela Pérez, Jesús Ruiz
Mapping carbon emissions embodied in inter-regional trade of China: final goods,
intermediate goods and value chain

Presenter:  HuiBin Du, Tianjin University, China
Authors:  HuiBin Du,  Zengkai Zhang
Economic growth, CO2 emissions, fossil fuels consumption and renewable energy consumption
in Australia

Presenter:  Patrícia Hipólito Leal,  University of Beira Interior, Portugal
Authors: António Cardoso Marques, José Alberto Fuinhas, Patrícia Hipólito Leal
Energy volatilities and the cost of security
Presenter: Ionut Purica, Advisory Center for Energy and Environment, Romania
Author: Ionut Purica
17 The multiple paths of electricity demand  
  Chair: G.B. Zorzoli, AIEE, Italy

Incentivising households to reduce electricity consumption: a meta-analysis of the experimental evidence
Presenter:  Penelope Buckley, Université Grenoble Alpes, France
Author:  Penelope Buckley
Impacts of Prosumers on DSO Investments: Updating Tariff Structures
Presenter:  Golnoush Soroush, Politecnico di Torino, Italy
Authors:  Golnoush Soroush, Carlo Cambini
The evolution of price and income elasticities of electricity demand in Latin American countries:
a time varying parameter approach

Presenter:  David López Soto, London School of Economics, El Colegio de Mexico, Mexico
Authors:  David López Soto, Rodrigo Nicolás Aragón Salinas
13.00-14.00 Lunch buffet
14.00-15.30 Concurrent Sessions (21-24)
18 The energy-environment nexus  
  Chair: Jose Maria Labeaga Azcona, Open University Madrid, Spain

The impact of economic growth on the CO2 emissions in Australia: environmental Kuznets curve
and decoupling index

Presenter:  Patrícia Hipólito Leal, University of Beira Interior, Portugal
Authors: António Cardoso Marques, Patrícia Hipólito Leal, José Alberto Fuinhas
Air pollution externalities in Greek ports and airports
Presenter: George Nikoloudakis, Technical University of Crete, Grece
Authors: George Nikoloudakis, Spiros Papaefthimiou
Assessing the economic impacts of climate change on competition for water resources in the framework of the water-energy nexus: a hybrid general equilibrium approach for Portugal
Presenter:  Carla Teotónio, Universidade de Aveiro, Portugal
Authors: Carla Teotónio, Miguel Rodriguez-Mendez, Peter Roebeling, Patrícia Fortes da Silva
19 Energy supply and security  
  Chair : Çiğdem Çelik, İstanbul Okan University, Turkey

Capital rationing. A threat to energy security
Presenter:  Petter Osmundsen, University of Stavanger, Norway
Authors: Petter Osmundsen, Magne Emhjellen
Constructing a Taiwan’s energy security analysis of liquefied nature gas by system dynamic model
Presenter:  Chou Kuei-Lan , Industrial Technology Research Institute, Taiwan
Author: Chou Kuei-Lan
Similarities and Differences in Views on Energy Security. A Comparison of Public
and Stakeholder Perceptions in Germany

Presenter: Diana Schumann, Forschungszentrum Juelich GmbH, Institute of Energy and Climate Research,
IEK-STE: Systems Analysis and Technology Evaluation, Germany
Authors: Diana Schumann, Sophia Dieken
Modernizing energy markets through cooperation mechanism
Presenter: Agime Gerbeti, LUMSA University, Italy
Author: Agime Gerbeti
20 Integrating renewables in energy markets  
  Chair: Francesco Asdrubali, Roma Tre University, Italy

  Estimation of Bidding Curves for Active Distribution Networks
Presenter:  Maria Teresa Vespucci, University of Bergamo, Italy
Authors: Maria Teresa Vespucci, Paolo Pisciella, Giacomo Viganò, Marco Rossi, Diana Moneta
Feed-in-tariff, quota obligation and tenders for renewable support: comparison with regard to
innovation, investment incentives and strategic behaviour

Presenter:  Philip Dees,  Friedrich-Alexander-Universität Erlangen-Nürnberg, Institute of Economics, Germany
Author:  Philip Dees
Technical due diligence analysis on onshore wind projects: case study
Presenter:  Antonio Geracitano,  EOS Consulting, Italy 
Authors:  Antonio Geracitano,  Chiara Ruggiero, Emanuele Riccobene
21 A new shape for electricity systems  
  Chair: Carlo Mari, University of Chieti-Pescara, Italy

Evaluation of risks for power plant operators through reconfiguration of price zones in extended Central Western Europe

Presenter:  Tim Jonathan Felling, House of Energy Markets and Finance, University Duisburg-Essen, Germany
Authors: Tim Jonathan Felling, Caroline Deilen, Robin Leisen, Christoph Weber
The electricity market price: volatility, pattern and forecast analysis
Presenter:  Kun Li, Beijing Normal University, China
Authors: Kun Li, Joseph D. Cursio
Long-term transmission capacity planning in a scenario with high share of variable renewable energies
Presenter:  Stéphane Allard, G2Elab, University Grenoble Alpes, France
Authors: Stéphane Allard, Silvana Mima, Vincent Debusschere, Tuan Tran,  Patrick Criqui, Nouredine Hadj-Saïd
The electric system at the time of choices: an ecosystem that creates value for France
Presenter:  Alex Menu, Sciences Po Paris - Energy, Environment and Regulation, France
Author: Alex Menu



conference sponsors
    Fondazione Megalia

conference media partners conference patrons:




Eu Approach to Better Regulation
Curriculum in Management and sustainability
Master’s degree Management and Consulting LM77