Cartea, Álvaro (contributor); … - 2007
to the PJM, England and Wales, and Nord Pool markets. Our empirical
findings indicate that volatility of demand is … of demand risk, PJM, England and
Wales, Nord Pool
∗We have benefited from the helpful comments of Richard Green, H … plants that determine equilibrium prices
are coal, gas or oil-based. Similarly, in the England and Wales (E&W) market gas and …