Fleten, Stein-Erik; Huisman, Ronald; Kilic, Mehtap; … - Institut d'Economia de Barcelona (IEB), Facultat … - 2014
This paper provides insight in the time-varying relation between electricity futures prices and fundamentals in the … marginal costs of production, we argue that the relation between electricity futures prices and futures prices of underlying … model that linearly relates electricity futures prices to the marginal costs of production and calculate the log …