We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent …

German power producers, electricity consumers and the German economy. This article estimates the direct costs linked to the … immediately passed on in the form of higher costs for electricity producers or higher prices for electricity consumers. The direct … side, b) higher electricity prices and a concomitant loss of consumer surplus on the demand side, and c) increased …

The liberalization of electricity and gas markets clashes against the French economic culture that relies on the state … and public monopolies to supply many public services. This explains the resistance against the market opening imposed by …

This article is concerned with modeling the dynamic and distributional properties of daily spot and forward electricity … allowing for dynamic conditional correlation. Because correlation between spot and forward returns is very low on each market …

as relationship between electricity consumption, prices and growth. Results show that GDP and energy consumption as well … as GDP and electricity move together in the long-run. By estimating these long-run relationships and testing for … evidence of unidirectional causality running from electricity consumption to GDP in the long-run. This study thus provides …

Market prices make it possible to realise returns on capital investments in the electricity sector, but these prices …