With the increasing share of volatile renewable energies, weather prediction becomes more important to electricity markets. The weather-driven uncertainty of renewable forecast errors could have price increasing impacts. This research sets up an analytic model to show that the day-ahead optimal...

This paper evaluates alternative indicators of global economic activity and other market fundamentals in terms of their usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of the most useful indicators that has been...

Mitigating climate change will require integrating large amounts of highly intermittent renewable energy (RE) sources in future electricity markets. Considerable uncertainties exist about the cost and availability of future large-scale storage to alleviate the potential mismatch between demand...

In the past few years, the trading volume has steadily increased on the continuous intraday market of EPEX Spot, one of Europe's most important exchanges for short-term electricity trading. This is to a significant extent due to renewable energies in the form of solar and wind power, whereby...

The relationship between variable renewable energy supply and electricity price volatility is a controversial issue in the economic literature. In general, the literature has been inconclusive about the sign of the impact of the penetration of these technologies on price volatility. This paper...