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

In the discussion on the relationship between spot and forward prices in electricity markets, the equilibrium approach … has an unambiguous prevalence. It is the relative recency of this market that gives rise to the question of how precisely … premium, on several European energy exchanges trading electricity futures. The concept of risk premium, as it is worked out by …

demonstrate an application of the proposed framework and results to the German electricity market which has not yet been treated …Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … comparing technology specific long-term and short-term marginal costs. In an uncertain market environment, Mean …

portfolio structure in the market. We show that risk-averse electricity market agents who receive a managerial profit share may …. In this article, we analyze the impact of market imperfections induced by risk-aversion on the long-term investment … shift the technology structure in the market significantly away from the welfare optimum. A numerical example provides …