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 …

of their output. Being sold on a market place, it makes sense to expect that electricity market prices somehow reflect … to the electricity market price.It is often assumed that the pass-through rate of emission costs in electricity prices is …The European Union Trading Scheme (EU ETS) gives emission allowances a market price and are a marginal cost factor for …

examine whether futures prices from a market in which power supply is more flexible would lead to futures prices that are more …Electricity is not storable. As a consequence, electricity demand and supply need to be in balance at any moment in … supply capacity is very flexible, variation in demand can be counterbalanced with flexible adjustment of production volumes …