Different market designs may create distortions on spot pricing equilibrium, thus providing
different signals for market agents and investment decisions on new generation assets. Also …

Supply contracts play an important role in competitive electricity markets. They help ensure
supply adequacy and hedge against market power, among other benefits. However, when …

Understanding the nature of the forward premium is particularly crucial, but rather elusive,
for a non-storable commodity such as wholesale electricity. Whilst forward prices emerge as …

The increasing volatility in electricity markets has reinforced the need for better trading
strategies by both sellers and buyers to limit the exposure to losses. Accordingly, this paper …

Whilst the benefits of forward contracting for goods and services have been extensively
researched in terms of mitigating market power effects in spot markets, we analyse how the …

The purpose of this study is to investigate the causal linkages between the Spanish
electricity, Brent crude oil and Zeebrugge (Belgium) natural gas 1-month-ahead forward …

With the liberalization of electricity trading, the electricity market has grown rapidly over the
last decade. However, while spot and future markets are currently rather liquid, option …

Deregulated electricity markets in the US and elsewhere exhibit volatile spot market prices,
chiefly because of the non-storable nature of electricity and the need to balance system …

Research on electricity futures markets has to date not explored the role that market liquidity
may play in determining risk premia. Further, no detailed empirical examination of both …

The theory of storage stands that futures prices should be equal to the spot price plus the
interest forgone in storing the commodity and the warehousing costs minus the convenience …