profits can be earned by statistical arbitrage between wholesale electricity futures and natural gas futures listed on the New … tested and supported by previous studies, the short-term deviation from the long-term equilibrium is regarded as an arbitrage …

industrial producers. The pricing of natural gas is currently a hot topic in Russia, as the Russian government proposes to … the domestic market closer to long term cost recovery. We will approach the issue of gas pricing through taxation of … impacts, environmental issues and social effects of gas pricing. We compare several scenarios of differential gas pricing …

The US and UK markets for natural gas are connected by arbitrage activity in the form of shifting trade volumes of … significant regional price arbitrage. However, high threshold estimates in the latter period indicate impediments to arbitrage …

For fixed maturity, under the no-arbitrage assumption, futures prices should follow a martingale with respect to the … trading time, at least under the pricing measure. Therefore, a prominent display of trading time seasonality under the … physical measure raises warning signs and can only occur by means of strong seasonality in the pricing kernel. We show that for …