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This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …
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at all locations in California's wholesale electricity market after the introduction of financial trading on February 1st … 2011. This results in a 2.7% reduction in market-wide production costs per megawatt-hour of electricity output in high …
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