This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …

to produce electricity today can alternatively be used tomorrow. The analysis of the operation of hydropower is therefore … water allocation and development of the electricity price over time. Graphical illustrations are provided in the two- period … water is to be used, the strategy of a monopolist is to redistribute the use of water for electricity production over …

Upstream producers that possess market power, sell forwards with a lengthy duration to regional electricity companies … (REC). As part of the liberalization of the electricity market, RECs have been privatized and exposed to a possible …

Starting with the liberalization of electricity trading, this market grew rapidly over the last decade. However, while … is that the spot price process of electricity is still puzzling researchers and practitioners. In this paper, we propose … correlation structures of electricity price spikes. Furthermore, all model parameters can easily be estimated with help of …

). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to … respect to the finite horizon assumption. This paper proposes a model of the electricity market where firms sign long …