Brijs, Tom; Geth, Frederik; Siddiqui, Sauleh; Hobbs, … - 2016
in the day-ahead market. Although the arbitrage value is related to the presence of price spreads, it also depends on the … providing lower- and upper bound approximations to the arbitrage value. The developed models are applied to the Belgian day-ahead … market for 2014, and show that the price-effect has a strong impact on the operation and arbitrage value of large …