This paper investigates price volatility and spillover effects in the Nordic electricity wholesale markets, comprising … carbon prices on volatility spillovers. The study employs a rich dataset of 107,352 hourly prices spanning from January 2010 … volatility interactions among the four Nordic markets, contributing to the scarce literature on volatility in this market …

This paper investigates price volatility and spillover effects in the Nordic electricity wholesale markets, comprising … carbon prices on volatility spillovers. The study employs a rich dataset of 107,352 hourly prices spanning from January 2010 … volatility interactions among the four Nordic markets, contributing to the scarce literature on volatility in this market …

a two-state Markov Switching model, allowing water storage and natural inflows to affect both the mean and volatility of … changes. Our results suggest that the single buyer structure decreased volatility during stable periods but worsened energy …