Benth, Fred Espen; Kiesel, Rüdiger; Nazarova, Anna - In: Energy Economics 34 (2012) 5, pp. 1589-1616
We conduct an empirical analysis of three recently proposed and widely used models for electricity spot price process … and base components. We calibrate all three models to German spot price data. Besides employing techniques similar to … models and discuss several shortcomings and possible improvements. Besides analysing the spot price behaviour, we compute …