One of the major changes in european electricity markets is - besides the increasing share of renewable infeed - the … available interconnector capacity are not always auctioned independently from electricity. Instead, interconnector capacity is … implicitely auctioned in the Day-Ahead auction of electricity such that price differences between market areas are minimized …

This paper investigates a pricing model for an electricity market with a hybrid congestion management method, i.e. part …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and …

Electricity Power sector around the world is witnessed reforms from traditional regulated regime to a deregulated … system. Under such environment electricity transmission sector is separated from Generation and Distribution. This natural …. The said methodology is implemented on practical power system for Maharashtra State Electricity Transmission Company …

In this paper, we derive optimal hedging strategies for options in electricity futures markets. Optimality is measured … principle. Our explicit results are particularly useful for electricity retailers, who have sold an option to a client, and now … want to hedge the payoff of this option by investing into an electricity futures and into the issued option itself. Another …

) on the futures market of electricity, gas, and coal. Our findings seem to confirm that, as expected, electricity returns …. Finally, an impulse-response analysis seems to corroborate that electricity futures returns suffer the consequences from …

This paper investigates the existence of contagion effects in electricity markets. The concept of contagion has been …