) on the futures market of electricity, gas, and coal. Our findings seem to confirm that, as expected, electricity returns …. Finally, an impulse-response analysis seems to corroborate that electricity futures returns suffer the consequences from …

Due to the call for further integration of European markets and the targeted climate goals, both European electricity … 2015, aiming at a better representation of physics of the electricity grid as well as increased transparency of market …

cross-border interconnection capacity in an international electricity market. Our results show that equilibrium transmission … quantifying these distortions and propose a market design that uniquely implements efficient dispatch of electricity. In this …