Wobben, Magnus; Dieckmann, Birgit; Reichmann, Oleg - In: Energy Policy 42 (2012) C, pp. 174-180
The purpose of this paper is to discuss market-coherent valuation of physical transmission rights for cross-border capacities between Germany and the Netherlands. Aiming at a fair valuation of these contracts, the most important stylized facts of electricity prices such as mean reversion, spikes...