We analyze the effects of electricity market mergers in an environment where firms endogenously choose their level of … forward contracts prior to competing in the wholesale market. We apply our model to Alberta's wholesale electricity market … in consumer surplus. Current market screening procedures used to analyze electricity mergers consider firms' preexisting …

We investigate the economic factors that drive electricity risk premia in the European emissions constrained economy …. Our analysis is undertaken for monthly baseload electricity futures for delivery in the Nordic, French and British power … markets. We find that electricity risk premia are significantly related to the volatility of electricity spot prices, demand …

Australian electricity markets. Examining ex-post risk premiums in futures markets, we find positive and significant risk … premiums for several of the considered regions. Therefore, electricity futures prices cannot be considered as an unbiased … electricity market. We also relate realized premiums to variables such as spot price levels, volatility, skewness and kurtosis …

Green Power Purchase Agreements (Green PPAs) are contracts that trade electricity from renewable sources for a fixed … investment in renewable energy assets in lieu of state financed schemes. We introduce a quantitative stochastic modelling …