Fehr, Nils-Henrik M. von der; Amundsen, Eirik S.; … - In: The Energy Journal Volume 26 (2005) Special Issue, pp. 71-98
The supply shock that hit the Nordic electricity market in 2002-2003 put the market to a severe test. A sharp reduction in inflow to hydro reservoirs during the normally wet months of late autumn pushed electricity prices to unprecedented levels. We take this event as the starting point for...
