This study investigates the price formation of electricity futures at the European Energy Exchange (EEX) and aims at … correction model suggest that price formation in the futures markets for electricity can be explained to some extent … fundamentally. Electricity futures price dynamics show dependency on marginal generation costs. A stable long-term equilibrium …

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 …

This paper provides insight in the time-varying relation between electricity futures prices and fundamentals in the … marginal costs of production, we argue that the relation between electricity futures prices and futures prices of underlying … model that linearly relates electricity futures prices to the marginal costs of production and calculate the log …

of their output. Being sold on a market place, it makes sense to expect that electricity market prices somehow reflect … to the electricity market price.It is often assumed that the pass-through rate of emission costs in electricity prices is … constant within a specific time period. We argue that this is unlikely as electricity is produced by suppliers that apply …