This paper provides insight in the time-varying relation between electricity futures prices and fundamentals in the … marginal costs of production, we argue that the relation between electricity futures prices and futures prices of underlying … model that linearly relates electricity futures prices to the marginal costs of production and calculate the log …

. Additionally, we examine the new approach empirically with a dataset of electricity forward contracts traded on the Nord Pool … ; Zero-Returns ; Price Jumps ; Robust Estimation ; High-Frequency Data ; Electricity Forward Contract …

We elaborate economic explanations for the time-varying risk of month, quarter and year base load electricity forward … analysis also provides economic evidence for the occurrence of price jumps. -- Electricity Forward Contract ; High Frequency …