professionals in the liberalized electricity and natural gas markets. In its opening chapter, the book delves into fundamental … concepts, including price formation on wholesale markets. The various market places and trading products are presented, and the … distinguishing characteristics of electricity and natural gas compared to other commodities are emphasised. Moving forward, the next …

We analyze volatility connectedness, frequency decomposition, and portfolio hedging among U.S. energy commodities from … energy commodity market deepens its volatility connectedness. We find that the war in Ukraine is characterized by the highest …-periods. Finally, adding natural gas into an energy portfolio brings diversification benefits due to the lowest hedging costs, although …

We analyze (frequency) connectedness and portfolio hedging among U.S. energy commodities from 1997 to 2023. We show … that total connectedness has a rising trend, suggesting that the financialization of the energy commodity market deepens … associated with the highest systemic risk in the energy commodity market, followed by the GFC. The results of directional …

We analyze (frequency) connectedness and portfolio hedging among U.S. energy commodities from 1997 to 2023. We show …