Risk premia between spot and forward prices play a key role in energy markets. This paper derives analytic expressions for such risk premia when spot prices are modelled by Lévy semistationary processes. While the relation between spot and forward prices can be derived using classical...

D42, L12, Q4.

This paper is offering a presentation of the energy market in Romania by analyzing its characteristics before and after the fall of communism. Becoming a member of the European Union brought many challenges for our country on different levels, the restructuring of the energy market being one of...

The relationship between Russia and Romania is very interesting and by analyzing its economical, geopolitical, historical and cultural components one may understand why Russia has a strategic interest in Romania’s key industries like the energy and steel sectors. This paper aims to find some...

This study investigates the role of sustainable energy volatility in a market participant’s competitive expansion planning problem. The incomplete information non-cooperative game-theoretic method is utilized in which each generation company (GENCO) perceives strategies of other market...

Исследовано развитие процессов транснационализации и глобализации на мировом рынке энергетических ресурсов; проанализирована динамика соглашений по слиянию...

В статье рассмотрены подходы к моделированию производства, распределения и поставок электроэнергии в энергосистеме Украины в условиях энергорынка....

In this paper we have analyzed the specific characteristics of the energy markets in general and the products transacted, in particular. Due to its unique features, electricity, one of the most important products for the economic development of a country, has brought challenges to the...

The vibration of fuel prices in the energy market of Pakistan has sprung to huge extent. From the economic perspective of any nation’s monetary uplifting, the government’s view can be achieved via increasing the fuel/ energy prices but such measures always disturbs to discontented civilians...

The paper will use a MSGARCH model to analyze how are transmitted the sudden changes in volatility transmission from the energy market across several energy indices including Romania. In addition to the GARCH models, the class of Markov-switching GARCH (MSGARCH) may provide an early warning...