professionals in the liberalized electricity and natural gas markets. In its opening chapter, the book delves into fundamental … distinguishing characteristics of electricity and natural gas compared to other commodities are emphasised. Moving forward, the next …

Many electricity markets exhibit an oligopolistic structure with market participants whose individual trading … activities may shift prices essentially. In this context, the question of how to optimally liquidate an existing electricity … relevance for energy risk management. In this article, we develop a tractable market impact model for electricity futures prices …

In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back … to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model …