A variety of methods and ideas have been tried for electricity price forecasting (EPF) over the
last 15 years, with varying degrees of success. This review article aims to explain the …

The markets for electricity, gas and temperature have distinctive features, which provide the
focus for countless studies. For instance, electricity and gas prices may soar several …

In recent years, Germany has significantly increased its share of electricity produced from
renewable sources, which is mainly due to the Renewable Energy Act (EEG). The EEG …

Farms are facing increasing pressure from shrinking margins, extreme weather, and
increased competition for land use, including from energy producers. There is evidence to …

We discuss the modeling of electricity contracts traded in many deregulated power markets.
These forward/futures type contracts deliver (either physically or financially) electricity over a …

In this paper we propose a jump-diffusion type model which recovers the main
characteristics of electricity spot price dynamics in the Nordic market, including seasonality …

In this paper we provide a framework that explains how the market risk premium, defined as
the difference between forward prices and spot forecasts, depends on the risk preferences of …

We investigate the management of a merchant wind energy farm co‐located with a grid‐
level storage facility and connected to a market through a transmission line. We formulate …

This paper introduces the class of volatility modulated Lévy-driven Volterra (VMLV)
processes and their important subclass of Lévy semistationary (LSS) processes as a new …

The goal of this survey is to review the major idiosyncrasies of the commodity markets and
the methods which have been proposed to handle them in spot and forward price models …