Introduction: 1 Financial Aspects in Energy: The European Perspective.- Markets: 2 The Development of Energy Markets in Europe.- 3 Renewables in the Energy Market.- 4 The CO2 -Trading Market in Europe.- Prices: 5 Market Efficiency in a Changing Energy Environment.- 6 The Price Forming Process in Energy Markets.- 7 The Electricity Market, Day Ahead Market and Futures.- Regulations: The Disintegration of the Concept of Sovereignity and the Energy Sector in Europe.- 9 The EU Energy Policy After the Lisbon Treaty.- 10 The Developments of the European Electricity Market in a Juridical no Man's Land.- Firms: Value Creation with Wood-Based Energy Sources.- 12 Tackling With Natural Monopoly in Electricity and Natural Gas Markets