It is the goal of this work to show, how financial models can be used to price certain contracts in the electricity market in analogy to interest rate products. Such contracts are delivery contracts with retail or institutional customers. In fact, many features of electricity products exist...

This study extends the system pattern short-term forecasting method for power systems to incorporate non-dispatchable renewable energy, thus permitting the forecasting of CO2 emissions along with the forecasting of prices, line congestion, and other system variables. It also develops an...

This paper investigates price volatility and spillover effects in the Nordic electricity wholesale markets, comprising Sweden, Finland, Denmark, and Norway. Utilizing both the Time-Varying Parameter Vector Autoregressive (TVP-VAR) and Rolling Window-based VAR (RW-VAR) approaches, we analyze the...

Due to ongoing efforts for decarbonization, electricity markets worldwide are undergoing fundamental transitions, which result in increased uncertainty for all market participants. Against this background, we investigate the impact of risk aversion on investment and market operation in markets...

Electricity distribution often exhibits economies of scale. In Norway, a number of smaller distribution system operators exist and thus there is potential to restructure the industry, possibly through mergers. However, the revenue cap regulatory model in Norway does not incentivize firms to...

Firms are required to provide financial information via the financial statements and the MD&A—a narrative explanation of the financial statements. Our study examines how firms use the MD&A channel when their financial statement channel is inadequate. We proxy for the adequacy of the financial...

This supplemental appendix accompanies "Optimal Electricity Distribution Pricing under Risk and High Photovoltaics Penetration" by the same authors, available at:http://ssrn.com/abstract=3701852. This appendix contains the proof of theorems omitted in the main text

We model a hierarchical Stackelberg game in a competitive power market under high behind-the- meter Photovoltaics (PV) penetration and demand-side uncertainty, with emphasis on the feedback loop between distributed generation via PV and power prices. The Stackelberg leader, who is the government...